Filters Market for Automotive, Consumer, Utility and Industrial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 10/08/2014 -- Filters are devices of a porous nature which are utilized for purification purposes. Depending on their type, they work on gases or liquids. When they pass through the filter, the impurities are removed from the mixture, leaving behind a pure or nearly pure concentrate of the material that is needed.
All filters can be categorized into the following major types based on their function:
- ICE filters
- Fluid filters
- Air filters
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Filter Market Segmentation :
According to application, the global filters market can be categorized into the following segments:
- Consumer applications
- Motor Vehicles
- Industrial and manufacturing
- Transportation equipment
ICE filters have held the largest market share based on consumption, with over 40% of it recorded in 2011. In fact one of the greatest drivers of the ICE filters market is the currently emerging automobile market in China and India. The various municipal filtration systems and internal manufacturing processes utilize fluid filters to a large extent. The growth of these industries along with enhanced methods of manufacturing is predicted to be the prime growth drivers of the fluid filters market. Government focus on promoting improved waste management systems is another factor that will help provide growth for the global filters market. While the automobile sector holds the largest market segment, the consumer goods filters segment is set show the fastest growth rate amongst all the segments.
One of the greatest markets for ICE filters comes from developing countries like China and India that possess a booming automobile sector. The implementation of norms similar to EURO 5 and EURO 6 are also expected to raise the demand for filters across all regions of the world. Other regulatory aspects such as the Safe Drinking Water Act and the Clean Air Act are expected to contribute towards the industry’s growth as well. Most of the norms are applicable to the commercial, domestic, industrial and manufacturing aspects of the industries. On a regional scale, the Asia-Pacific sector consumed nearly 35% of the overall filters market in 2011, signaling the need for most types of filters in developing nations.
The top players in the global filters market include: Parker-Hannifen Corporation, Cummins, Clarcor Inc., Affinia, and Donaldson. Each key company provides a unique proposal towards the growth of the filters market and contributes towards the overall increase in revenue generation.
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Automobile Filters Market
Almost half of the total global demand for filters is derived from the automotives sector. The sector uses filters for oil, air, and water cleansing and provides an improved functioning and experience of the vehicle. The use of relevant filters is also encouraged by various governments due to their essential role in keeping pollution levels to a minimum. This follows numerous bodies raising their concern over the rising levels of global warming and overall levels of pollution.
The global filters market for oil and fuel is one of the key categories of this sector. While the overall variety of filters might be less, they are applied to a large part of the fuel and oil industry. Some of the key functions of the filters aim towards the reduction of vehicle emissions by aiding the complete combustion of fuel and oil. They do so by removing the dirt and sludge from the fuel and oil. The secondary function of
filters towards fuel and oil is to assist in the protection of the engine of the vehicle from harmful external impurities. The utilization of bio-fuels has also prompted the filters market to supply relevant products towards the targeted segment. The filters need to clean impurities from the bio-fuels as well as be created in an eco-friendly manner to assist in cutting the overall carbon footprint of the vehicle.
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