World Industrial Filtration Sector to See 6.1% CAGR to 2021, Projects M&M in Its In-demand Report Published at MarketPublishers.com15 Aug 2016 • by Natalie Aster
LONDON – The size of the industrial filtration market is forecast to reach USD 30.78 billion by 2021-end, expanding at 6.1% CAGR over the projected period. Strict government laws and regulations aimed at cutting greenhouse gas emissions and also soil contamination and water pollution are the major factors propelling the development of the market. The expansion of manufacturing industries, particularly in APAC and the Middle East and Africa, will also likely give a boost to the industrial filtration market growth.
Liquid filtration Novel production facilities are being constructed at a fast pace across emerging economies like China, Indonesia, India, South Africa, Mexico and Brazil to cater for growing consumer needs. Furthermore, emission standards in developed nations like the USA, the UK, Canada, and Germany are being upgraded to encircle more stringent emission targets and deal with global warming.
APAC is seeing considerable investments in the construction of novel power facilities, mainly in India, China, Indonesia, and Thailand. China has historically been an attractive destination for producers, owing to the easy availability of raw materials, cheap labour, and favourable industry setup laws regulatory frameworks. Meantime, India has seen a huge growth in foreign investments in the last 2 years, and the country is also actively altering its policies to attract producers.
Mann + Hummel GmbH, Donaldson Company, Inc., Alfa Laval, Ahlstrom Corporation, and Parker Hannifin Corporation are the leading players in the industry.
In-demand research report “Industrial Filtration Market” developed by M&M presents an all-round assessment of the market from a global perspective, categorising it based on type, technology, products, industry, and by region. It includes details about the factors impacting market growth; analyses the industrial filtration market pertaining to individual growth trends of service providers and producers. It also provides market forecasts to 2021 for each of the market segments. The study contains profiles of the top market players and comprehensively examines their market shares and major strategies adopted. It limelights market growth drivers, challenges, restraints, and opportunities. The report also provides an all-round analysis of the competitive scenario, alongside presenting profiles of the leading industrial filtration industry players.
More comprehensive studies by our partner can be found at M&M page.