Industrial Filtration Market To Generate Revenue Worth $55,673.2 Million by 2030

The global industrial filtration market is projected to generate USD 55,673.2 million revenue in 2030, advancing at a CAGR of 7.5% during 2022–2030. This can be ascribed to the rising adoption of advanced techniques to resolve the issue of industrial emissions and effluent discharge, rapid industrialization, coupled with urbanization; stringent government legislations for environmental safety, and increasing demand for safe and clean working conditions in industries.

Furthermore, the rise in the count of innovative product launches and availability of cost-efficient filtration products as a result of the high R&D investments by industry players are responsible for the market expansion.

Filter Presses To Show Fastest Growth

Based on product, the market is categorized into bag filter, filter press, cartridge filter, depth filter, drum filter, electrostatic precipitator, ULPA system, HEPA system, and others. Of these, the filter press category will register the fastest growth during the forecast period, with a CAGR of over 7%. This is due to the fact that these products are widely used in the food & beverage, power generation, pharmaceuticals, metals & mining, and industrial manufacturing sectors to collect unwanted solid particles via the pressure filtration technology.

The liquid category, based on type, accounted for the major revenue contribution in 2022, and it is further expected to maintain its dominance in the coming years. This can be ascribed to the increasing need for industrial waste management systems and wastewater recycling, due to the implementation of stringent regulations related to the discharge of toxins into waterbodies.

The air category will witness the faster growth during the prediction period, because it is becoming increasingly necessary for industries to clean their air outlet units, in order to reduce dangerous gases and fumes from entering the environment.

Based on industry, the market is divided into chemicals & petrochemicals, food & beverage, power generation, pharmaceuticals, oil & gas, automotive, metals & mining, and others. Among these, the chemicals & petrochemicals category held the largest revenue share in 2022, and it is further expected to maintain its position during the forecast period. This is due to the fact that this industry generates several contaminants, which can react with the apparatus. Moreover, chemical pollutants can seriously harm employees and the environment, which, coupled with the omnipresent risk of cross-contamination with other materials, which can decrease the quality of the product, is responsible for the category’s growth.

Additionally, the pharmaceuticals category will witness significant growth in the coming years. This is due to the growing healthcare infrastructure, and high spending by governments on the pharma sector, particularly in emerging economies.

Geographically, North America is the major revenue contributor to the market, and it is expected to maintain its dominance throughout the prediction period. This is due to the high rate of adoption of advanced technologies across industries, mounting investments by industry giants for research and development, growing manufacturing sector, and increasing need for controlling harmful emissions from the industrial sector.

The APAC market will advance with a significant CAGR during the forecast period. The improvement in industrial safety and emission norms of governments, growing number of industrial facilities, and shift of industry giants to developing nations for setting up manufacturing facilities, due to the availability of cheap raw material and labor, boost the regional market growth.

The major players operating in the industrial filtration market are MANN+HUMMEL International GmbH & Co. KG, Danaher Corporation, Parker-Hannifin Corporation, 3M, Cummins Inc., Pall Corporation, Mott Corporation, Graver Technologies LLC, and Freudenberg Filtration Technologies GmbH & Co. KG.