PUNE, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to this report, the Size of the industrial filtration market was USD 34.79 billion in 2018, growing at a CAGR of 4.3% between 2019 and 2026. Due to the rapid urbanization and increasing demand for clean energy and pure water, the global industrial filtration market size is expected to reach USD 48.52 billion by 2026.
A recent report by Fortune Business Insights™, titled “Industrial Filtration Market Size, Share & Industry Analysis, By Type (Air & Gas Filtration & Liquid Filtration), By Filter Media (Activated Carbon, Fiberglass & Combination Filters & Others), By Application (Food & Beverage, Chemicals & Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others) and Regional Forecast, 2019-2026” provides a 360 degree overview of the market.
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Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2019-2026 |
| Forecast CAGR | 4.3% |
| Value prognosis 2026 | $48.52 billion |
| base year | 2018 |
| Industrial filtration market size in 2018 | $34.79 billion |
| Historical data | 2015-2017 |
| number of pages | 150 |
| Covered Segments | By type, end user, and regional insights |
| Growth drivers of the industrial filtration industry | Due to increasing requirements for environmental protection both by the government and by organizations such as the WHO |
| To generate high revenue from the increasing demand of the power generation industry |
Competitive landscape:
Existence of a diverse portfolio that helps large companies maintain a stake of over 50%
The global industrial filtration market is semi-consolidated, with the top 10 companies holding an estimated 50%+ market share. This is due to the geographic spread of the companies and the diverse portfolios.
Major players have invested heavily in research and development of several industrial filtration systems for their growth. Other players participate in joint…
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