Latest News- Industrial Filtration Market: Industrial liquid filtration is expected to lead the Product segment during 2024-2028

The Industrial Filtration Market is being driven by Increasing number of oil refineries

The Industrial Filtration Market is expected to grow at a CAGR of 5.71% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11400.65 million. In the dynamic industrial landscape, technological innovations play a pivotal role in enhancing manufacturers' product offerings. Eaton Corporation Plc, a leading player, recently introduced an optimized IFPM 33 mobile, offline fluid purifier system. Capable of processing 30 liters per minute, this fully automated, PLC-controlled system effectively eliminates contaminants, including particulate matter, water, gases, and oils, catering to industries with high moisture content such as marine, offshore, pulp and paper, and hydroelectric power. Eaton's substantial R&D investments ensure competitive edge and diverse product portfolios. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Industrial liquid filtration
  • Industrial air filtration
• Application
  • Food and beverage
  • Chemicals and petrochemicals
  • Power generation
  • Others
• Filter Media
  • Activated carbon/Charcoal
  • Fiberglass
  • Filter paper
  • Metal
  • Non-woven fabric
  • Others
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of oil refineries
• Rising investment in chemical sector in India
• Growing demand for high-quality filters in wastewater treatment plants

However, the market also witnesses some limitations, which are as follows:

• Filtration equipment failures due to less maintenance
• Stringent government regulations in manufacturing industrial filters
• Supply chain disruptions in industrial filters

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Market Scope in Industrial Filtration Market Research Report

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Research Analysis Overview

The Industrial Filtration Market encompasses a range of equipment designed to improve the quality of air and water in various industries. Key components of this market include Air Conditioners, Water Filters, and Air Purifiers. These filtration systems utilize advanced technologies such as Activated Carbon Filters, Cross-flow Filtration, Horizontal Filtration, and Ultrafiltration to remove Airborne Particles and Dust Particles. The Industrial Revolution marked a significant shift towards the adoption of filtration equipment in industries. Today, filtration solutions are essential in petrochemical plants and petroleum refineries for the separation of petrochemicals like jet fuel, diesel, gasoline, and crude oil. Real-time monitoring of emissions is crucial to ensure the effective functioning of these filtration systems. Filtration systems find applications in various industries, including electrical equipment manufacturing, where Cake Filtration and Centrifugal Filtration are commonly used. Filtration solutions play a vital role in mitigating the risk of Airborne Diseases and ensuring the production of clean water and air.

Market Research Overview

The Industrial Filtration Market, as per Technavio, falls under the broader umbrella of the Global Industrial Machinery Market. This market segment comprises businesses involved in the production of industrial machinery and related components, encompassing presses, machine tools, compressors, pollution control equipment, and more. Technavio estimates the market size by aggregating the revenues of machinery and component manufacturers for industrial applications. Key growth drivers include the expanding industrial output in process and discrete industries, fueled by increasing demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages in developing economies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/