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The Global Filters Market Size accounted for USD 74.6 Billion in 2021 and is estimated to achieve a market size of USD 111.9 Billion by 2030 growing at a CAGR of 4.8% from 2022 to 2030. With rising pollution levels in the atmosphere worldwide, regulatory authorities have enacted numerous clean air standards, which are the key factors driving the filter market growth. Furthermore, increased emphasis on reducing emissions from industrial and automobile applications is predicted to propel the filter market growth over the projected period.
Filters Market Report Key Highlights
Filters are essential in construction equipment because they protect moving parts and critical components from dirt, debris, and other contaminants. Filters remove these harmful particles from systems before they cause damage that would otherwise necessitate costly repairs. Large amounts of cooling water are required in chemical plants or chemical parks. Most of the time, river water, well water, or lake water is used. Depending on the degree of water pollution, adverse effects on plant equipment may occur. Heat exchangers are frequently clogged, but seals, pumps, and all piping systems can also be damaged. Other liquids resulting from manufacturing processes can also be cleaned of unwanted particles. These factors increase the demand for filters in the chemical industry. The installation of proper filters can prevent production losses and significantly reduce maintenance costs.
Global Filters Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Filters Market Report Coverage
Market | Filters Market |
Filters Market Size 2021 | USD 74.6 Billion |
Filters Market Forecast 2030 | USD 111.9 Billion |
Filters Market CAGR During 2022 - 2030 | 4.8% |
Filters Market Analysis Period | 2018 - 2030 |
Filters Market Base Year | 2021 |
Filters Market Forecast Data | 2022 - 2030 |
Segments Covered | By Product, By Application, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | 3M, Koch Filter, Airex Filter Corporation, Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, Parker-Hannifin Corporation, The Camfil Group, Clark Air Systems, DENSO Corporation, and Spectrum Filtration Pvt. Ltd. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Rising Focus On The Reduction Of Emissions From Several Industries Bolsters The Demand For Global Filters Market
Carbon dioxide, according to a report released by the University of California Regents, plays an important role in the earth's ecosystem; the lives of many organisms are dependent on the balancing of this gas. Plants and animals require carbon dioxide to survive; however, an excess of carbon dioxide can also kill the organism. The majority of the gas is produced through the combustion of fossil fuels, power plants, large industries, vehicles, and natural gas processes. Overcoming problems such as global warming can be accomplished through the development and installation of environmentally friendly carbon-di-oxide filters. Furthermore, The Clean Air Technology Center is a resource for air pollution prevention and control technologies, including their application, effectiveness, and cost. Mechanical collectors, wet scrubbers, fabric filters (baghouses), electrostatic precipitators, combustion systems (thermal oxidizers), condensers, absorbers, adsorbers, and biological degradation are just a few examples.
Technological Advancements Support The Growth Of Global Filters Market
According to data released by the US Environmental Protection Agency, Frank and Smith found that the WWETCO FlexFilter technology provided comparable effluent TSS (49 mg/L to 52 mg/L) to ballasted flocculation systems in side-by-side testing. Ballasted flocculation, on the other hand, necessitates the use of flocculation chemicals as well as a 15 to 30-minute ramp-up time to achieve performance goals. The WWETCO FlexFilter can achieve comparable or better TSS removals that require no chemicals and achieves performance goals immediately. The FlexFilter begins and ends dry, with no odors, no special startup protocols, and no special attention to mechanical equipment. FlexFilter tertiary filtration throughput is in the order of 98%. The average throughput for CSO is approximately 95%, while the throughput for chemically assisted phosphorous filtration and biofiltration is in the range of 85 to 90%.
Rising Product Utility In Wastewater Treatment Has Gained Huge Prominence In The Global Market
Water that exits a home either goes into a septic tank in the back yard, where it seeps back into the ground, or it is routed through a sewer system to a wastewater treatment plant. Aside from that, in Missouri, where central sewer service is unavailable, homeowners and small business owners use a variety of onsite wastewater treatment systems (OWTS). An OWTS is a system that collects, treats, and disperses wastewater from single dwellings or other buildings or structures using natural processes and mechanical components. Domestic wastewater can be effectively treated and dispersed into the environment using on-site systems, protecting public health. According to the Missouri Department of Health and Senior Services report, there are primarily two types of filters used in wastewater treatment. Sand filters and media bio-filters are examples of these.
Filters Market Segmentation
The worldwide filters market segmentation is based on the product, application, and geography.
Filters Market By Product
According to the filters industry analysis, the ICE filters segment is expected to dominate the market during the forecast period. In order to improve fuel efficiency, ICE filters are commonly used in automobiles. Furthermore, the implementation of environmental regulations such as the Kyoto Protocol, Euro 5, and Euro 6 to control the release of harmful emissions is expected to drive segment growth. The motor vehicle is expected to have a dominant market share in the coming years based on application. This is due to increased automotive production, particularly in China, Indonesia, South Korea, Japan, Malaysia, and Taiwan. Furthermore, stringent regulations on reducing automotive pollution levels imposed by agencies such as the United States Environmental Protection Agency and the Department of Energy are expected to increase the use of filters, driving product demand.
Filters Market By Application
According to the filters market forecast, the consumer goods segment is expected to grow significantly in the market over the forecasting years. The manufacturing of portable air purifiers by several companies, such as Dyson and Philips, is expected to drive the consumer goods segment. The demand for filters in the industrial & manufacturing segment is expected to be driven by the well-established industrial setup. Moreover, rising demand for consumable and portable electronic devices drives the segment's growth.
Filters Market Regional Outlook
North America
Europe
Latin America
Asia-Pacific
The Middle East & Africa (MEA)
Rising Industrialization And Presence Of A Large Population-Based In Region Are Pushing The Asia-Pacific Filter Market.
Asia-Pacific is predicted to hold a significant market share throughout the projected timeframe owing to rapid industrialization advancements and severe laws enforced by different authorities to protect environmental quality. Increasing levels of atmospheric pollution and growing environmental concerns are expected to encourage the use of air filtration and water filtration processes, propelling growth. North America, on the other hand, is expected to have the fastest growing CAGR in the global filters market in the coming years. This is due to the presence of major manufacturers such as Ford, General Motors, Fiat Chrysler, Kia, BMW, and Mercedes-Benz in the region, which has resulted in increased automobile production levels. Furthermore, technological advancements such as the use of nanotechnology in the filtration process are expected to boost product demand in the region.
Besides that, Europe is expected to have the second largest market share in the global filters market in the coming years. The increasing adoption of air filtration equipment in several industries, such as cement, chemicals, and metallurgy, to lower their emission levels, as per the directives laid down by several agencies, such as the International Plant Protection Convention (IPPC) by the European Commission, is driving product demand in Europe. Furthermore, the regional market is expected to be driven by an increase in the adoption of air purifiers in several countries, including Germany, France, Italy, and Spain.
Filters Market Players
Some of the top filters market companies offered in the professional report include 3M, Koch Filter, Airex Filter Corporation, Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, Parker-Hannifin Corporation, The Camfil Group, Clark Air Systems, DENSO Corporation, and Spectrum Filtration Pvt. Ltd.
The estimated value of global filters market in 2021 was accounted to be USD 74.6 Billion.
The projected CAGR filters market during the analysis period of 2022 to 2030 is 4.8%.
The prominent players of the global filters market are 3M, Koch Filter, Airex Filter Corporation, Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, Parker-Hannifin Corporation, The Camfil Group, Clark Air Systems, DENSO Corporation, and Spectrum Filtration Pvt. Ltd.
Asia-Pacific held the dominating filters during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for filters during the analysis period of 2022 to 2030.
Rapid industrialization and urbanization, and rising demand from the automobile industry, drives the growth of global filters market.
Based on product, ICE filters segment is expected to hold the maximum share of the filters market.
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