Industrial Filtration Market by Type, Technology, Product, Industry & by Region - 2021
The industrial filtration market is projected to grow from an estimated USD 22.91 Billion in 2016 to USD 30.78 Billion by 2021, registering a CAGR of 6.1% from 2016 to 2021.
Seattle, WA -- (SBWire) -- 04/28/2017 --The report "Industrial Filtration Market by Type (Air & Liquid), Technology, Product, Industry (Manufacturing, Power Generation, Metals & Mining, Oil & Gas, Healthcare & Pharmaceuticals, and Process) and by Region - Global Trends & Forecast to 2021", The industrial filtration market is projected to grow from an estimated USD 22.91 Billion in 2016 to USD 30.78 Billion by 2021, registering a CAGR of 6.1% from 2016 to 2021. Stringent government emission regulations, rising demand for high-quality products, and growing environmental concerns are expected to boost the growth of the industrial filtration market during the forecast period.
Browse 107 market data Tables and 55 Figures spread through 186 Pages and in-depth TOC on "Industrial Filtration Market by Type (Air & Liquid), Technology, Product, Industry (Manufacturing, Power Generation, Metals & Mining, Oil & Gas, Healthcare & Pharmaceuticals, and Process) and by Region - Global Trends & Forecast to 2021"
Early buyers will receive 10% customization on reports.
Industrial liquid filtration to dominate the market during the forecast period
Liquid filtration is estimated to hold a larger market share than dry filtration, as it is being widely used for the treatment of supply water in water & wastewater treatment facilities, especially in emerging economies. Moreover, the growth of industries that are dependent on water, such as chemicals, oil & gas, power generation, pharmaceuticals, and food & beverage, is also expected to fuel the demand for this kind of filtration. Liquid filtration is estimated to account for over 76% of the market share from 2016 to 2021, and is expected to grow at a higher rate than industrial air filtration. Air filtration is generally used in industries that require a dust-free manufacturing environment, such as electrical & electronics and equipment manufacturing. Stringent government regulations to control the harmful contaminants released in industrial smoke will likely drive the air filtration market.
Manufacturing industry to hold the largest share in the industrial filtration market from 2016 to 2021
The industrial filtration market has been segmented on the basis of industry into manufacturing, power generation, oil & gas, healthcare & pharmaceuticals, metals & mining, and process. The manufacturing industry is the largest contributor to the industrial filtration market, and also acts as a key driver of the market. The industrial filtration market is driven by the stringent emission regulations set by governments across the world to control pollution levels and reduce global warming. Furthermore, the demand for high-quality products from consumers has boosted the demand for advanced filtration equipment in several manufacturing and process industries.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=81304454
Asia-Pacific industrial filtration market to witness the highest growth from 2016 to 2021
The report covers five major regions namely, Asia-Pacific, Europe, the Middle East & Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, manufacturing, process, healthcare, and oil & gas industries from 2016 to 2021. Moreover, new policies to control environmental pollution will likely fuel the growth of the industrial filtration market in this region.
The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading industrial filtration market players such as Mann + Hummel GmbH (Germany), Donaldson Company, Inc. (U.S.), Alfa Laval (Sweden), Clarcor Inc. (U.S.), and Parker Hannifin Corporation (U.S.). Key players are trying to penetrate emerging markets, and are adopting various strategies such as contracts & agreements, expansions, mergers & acquisitions, and new product launches to increase their market share.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Media Relations Contact
View this press release online at: http://rwire.com/800544