The Latest Filtration Industry Statistics Explained
In 2018, the global filtration market size was valued at USD 74.64 billion.
The statistic states that in 2018, the global filtration market was estimated to have a total value of USD 74.64 billion. This figure represents the total worth of all filtration products and services sold and used worldwide during that year. The size of the filtration market indicates the significant demand and economic activity surrounding filtration technologies across various industries such as water purification, air quality control, industrial processes, and healthcare. The market value provides insights into the scale and importance of filtration applications in addressing environmental concerns, health regulations, and operational efficiency in different sectors on a global scale during that particular year.
It is predicted that the global filtration and separation market will reach a valuation of USD 110.82 billion by 2027.
The statistic “It is predicted that the global filtration and separation market will reach a valuation of USD 110.82 billion by 2027” indicates a forecasted growth in the market size for filtration and separation technologies. This prediction suggests that there will be a significant increase in the demand for filtration and separation products and services worldwide, leading to a market value of $110.82 billion by the year 2027. This information is important for industry stakeholders, investors, and policymakers as it highlights the potential opportunities and trends within the filtration and separation sector, suggesting potential investment avenues and areas for business expansion.
The global industrial filtration market is expected to grow at a CAGR of 6% from 2019 to 2025.
This statistic indicates that the global industrial filtration market is projected to experience a Compound Annual Growth Rate (CAGR) of 6% from the year 2019 to 2025. A CAGR of 6% suggests a steady and consistent growth rate over the specified timeframe, reflecting a positive outlook for the industrial filtration industry. This growth could be driven by various factors such as increasing industrialization, stringent environmental regulations, and the need for maintaining clean and safe working environments in various sectors. The projected growth rate implies potential opportunities for companies operating in this market to expand their operations, develop innovative filtration technologies, and capitalize on the rising demand for filtration products and solutions across different industries.
The largest market share in the filtration industry in 2018 was held by the liquid filters segment.
The statistic indicates that in 2018, the liquid filters segment of the filtration industry had the highest market share compared to other segments within the industry. This suggests that a larger portion of the overall market demand for filtration products was attributed to liquid filters during that year. This information is important for businesses operating in the filtration industry as it highlights the popularity and demand for liquid filters relative to other types of filters, potentially influencing strategic decisions such as resource allocation, product development, and marketing initiatives. Additionally, understanding the market dynamics within different segments of the filtration industry can provide insights into trends and opportunities for growth and competitive positioning.
Air filter sales accounted for 50.45% of total filtration sales in 2019.
The statistic “Air filter sales accounted for 50.45% of total filtration sales in 2019” indicates that out of all filtration products sold in 2019, half of the sales were attributed to air filters specifically. This suggests a significant portion of the market demand for filtration products is focused on air filters, highlighting the importance of air quality and cleanliness to consumers during that time period. This statistic can provide insight into consumer preferences, market trends, and potential opportunities for businesses operating in the filtration industry to capitalize on the demand for air filtration products.
The process segment in the filtration industry is expected to grow at a CAGR of 6.9% between 2020-2027.
This statistic indicates that the process segment within the filtration industry is projected to experience a compound annual growth rate (CAGR) of 6.9% over the period from 2020 to 2027. This implies that the demand for filtration products and services within the process segment is anticipated to steadily increase at a rate of 6.9% per year during this time frame. Factors such as growing industrialization, stricter environmental regulations, and technological advancements in filtration processes are likely driving this expected growth. Businesses operating within the process segment of the filtration industry should take this forecasted growth rate into consideration for strategic planning, resource allocation, and decision-making processes.
The Asia-Pacific region is the largest and fastest-growing market for filtration due to industrialization.
This statistic indicates that the Asia-Pacific region holds the largest market share for filtration products and services, while also experiencing the most rapid growth compared to other regions globally. This surge in demand for filtration products is attributed to the ongoing process of industrialization within the region, which results in the need for effective filtration systems to maintain environmental regulations, ensure product quality, and promote worker health and safety. The rapid growth in the filtration market reflects the increasing industrial activities and economic development taking place in the Asia-Pacific region, driving the demand for filtration technologies in various sectors such as manufacturing, pharmaceuticals, energy, and automotive industries.
The global filter media market is projected to reach USD 52.20 billion by 2025.
The statistic “The global filter media market is projected to reach USD 52.20 billion by 2025” reflects an estimation of the total value of the filter media market worldwide by the year 2025. This projection suggests a significant growth trend in the demand for filter media products, which are materials used for various filtration applications across industries such as automotive, healthcare, water treatment, and others. The expected increase in market size to USD 52.20 billion implies a growing need for filter media solutions driven by factors like increasing environmental regulations, rising awareness about health and safety concerns, and expanding industrial activities globally. This projection indicates a promising outlook for the filter media industry and offers insights into potential opportunities for businesses operating in this market segment.
The oil & gas industry accounted for 25% of the global filter market share in 2019.
This statistic indicates that in 2019, the oil & gas industry held a significant portion of the global filter market share, specifically accounting for 25% of the market. This suggests that the oil & gas industry’s demand for filters, likely for various equipment and processes, contributed significantly to the overall market size and revenue in the filter industry. This market share reflects the industry’s reliance on filtration technologies for maintaining operational efficiency, reducing environmental impact, and ensuring equipment longevity in their processes. The statistic underscores the importance of filters within the oil & gas sector and highlights its influence on the global filter market in 2019.
North America accounted for approximately 23.6% of the global filtration market.
The statistic stating that North America accounted for approximately 23.6% of the global filtration market indicates the proportion of the total market share held by North America in this specific industry. This means that out of all the filtration products and services being bought and sold globally, nearly a quarter of the market activity comes from North America. This statistic highlights the significant presence and influence of North American countries in the filtration industry, showcasing their importance in driving market trends, innovation, and overall economic impact within this sector on a worldwide scale.
The global air filtration media market was valued at USD 3,573.6 million in 2019.
The statistic ‘The global air filtration media market was valued at USD 3,573.6 million in 2019’ indicates the total monetary worth of air filtration media products worldwide in the year 2019. This market value represents the aggregate revenue generated from the sales of various types of air filtration media such as filters, membranes, and cartridges used for cleaning and purifying air in different industrial, commercial, and residential applications. The amount of USD 3,573.6 million reflects the size and importance of the global air filtration media industry, highlighting the significant demand for clean air solutions in a variety of sectors and the potential for further growth and innovation within this market.
In 2020, North America HVAC filters market size was recorded over USD 1 billion.
In 2020, the North America HVAC filters market size was reported to be over USD 1 billion, indicating the total value of HVAC filters sold in North America during that year. This statistic suggests a significant market for HVAC filters in the region, highlighting the importance of maintaining indoor air quality through the use of filters in heating, ventilation, and air conditioning systems. The substantial market size also points to the high demand for HVAC filters in North America, likely driven by factors such as increasing awareness of air pollution, emphasis on energy efficiency, and growing adoption of HVAC systems in residential, commercial, and industrial buildings.
The membrane separation technology in filtration is forecasted to register a CAGR of over 7% during 2020-2025.
This statistic indicates that the membrane separation technology in filtration is expected to experience a Compound Annual Growth Rate (CAGR) of over 7% between 2020 and 2025. This forecast suggests significant growth prospects for the industry over the specified time period, reflecting increasing adoption and demand for membrane separation technology in filtration processes. A CAGR of over 7% implies a relatively strong and steady growth trajectory, highlighting the potential opportunities and market expansion in this sector. This forecast could be influenced by various factors such as technological advancements, environmental regulations, industry trends, and increasing awareness about the benefits of membrane separation in improving filtration efficiency and sustainability.
The value of the industrial filtration market in India was close to $900 million in 2018.
The statistic indicates that in the year 2018, the industrial filtration market in India was valued at nearly $900 million. This suggests a substantial demand for filtration products and services within the industrial sector in India. The figure reflects the total monetary value of the market’s activities, including the procurement of filtration equipment, filters, maintenance services, and related products. Such information is valuable for businesses, policymakers, investors, and stakeholders as it provides insights into the size and potential growth of the industrial filtration industry in India, highlighting opportunities for market expansion, investment, and strategic planning.
China was the largest contributor to the Asia-Pacific filtration market in 2019.
The statistic “China was the largest contributor to the Asia-Pacific filtration market in 2019” implies that China had the highest market share in terms of filtration products and services among all countries in the Asia-Pacific region during the specified year. This can be interpreted as an indication of China’s significant impact on the filtration industry within the region, likely driven by factors such as a large manufacturing sector, increasing focus on environmental protection and sustainability, and the growing demand for filtration solutions across various industries. The statistic suggests that China played a pivotal role in shaping the dynamics and growth of the filtration market in the Asia-Pacific region in 2019.
The automotive filter market is expected to grow at a CAGR of 3.31% during the forecast period (2022–2027).
This statistic indicates that the automotive filter market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.31% over the period spanning from 2022 to 2027. This growth rate metric serves as a predictive tool for estimating the average annual growth rate of the market during this time frame. A CAGR of 3.31% suggests a steady increase in demand for automotive filters within the industry, reflecting potential factors such as technological advancements, regulatory requirements, and the expansion of the automotive sector. This statistic can aid industry stakeholders in making informed decisions regarding investments, product development strategies, and market expansion efforts.
The global air filters market size is expected to reach USD 20.63 billion by 2028.
The statistic suggests that the global air filters market is projected to expand significantly by 2028, with an estimated market size of USD 20.63 billion. This indicates a growing demand for air filtration systems and products worldwide, likely driven by factors such as increasing urbanization, industrialization, and concerns about air pollution and indoor air quality. The expected rise in market size reflects a shift towards greater awareness and prioritization of clean air in various sectors, such as manufacturing, automotive, healthcare, and residential spaces. Investments in air filtration technology and solutions are on the rise, as industries and consumers seek ways to mitigate health risks and improve environmental sustainability through effective air filtration systems.
The global HEPA (High Efficiency Particulate Air) filters market size was estimated at USD 2.7 billion in 2019.
The statistic indicates that the global market for High Efficiency Particulate Air (HEPA) filters reached a valuation of USD 2.7 billion in 2019. HEPA filters are specialized air filters designed to remove fine particles and contaminants from the air, making them crucial for maintaining clean air quality in various settings such as homes, commercial buildings, healthcare facilities, and industrial environments. The market size figure reflects the total value of HEPA filters sold worldwide in 2019, suggesting a significant demand for these filters due to growing awareness of the importance of indoor air quality and health concerns related to air pollution and airborne pathogens. This statistic highlights the substantial market opportunity and ongoing growth potential for companies operating in the HEPA filters industry.
In 2020, the global water filtration systems market size was valued at USD 31 billion.
The statistic stating that in 2020, the global water filtration systems market size was valued at USD 31 billion signifies the total monetary value of the market for water filtration systems worldwide in that particular year. This figure highlights the significant demand and economic importance of water filtration systems, indicating the scale of investment, production, and consumption within the industry. The market size value provides insight into the immense scope and potential for businesses operating in the water filtration sector, emphasizing the critical role these systems play in addressing global water quality and health concerns.
Conclusion
After analyzing the current statistics and trends in the filtration industry, it is evident that the sector is poised for significant growth in the coming years. With increasing environmental regulations, technological advancements, and growing awareness about the importance of clean air and water, the demand for filtration products and services is expected to rise. As a result, businesses operating in this industry have an opportunity to capitalize on these trends and expand their market presence. It is crucial for stakeholders to stay informed about the latest developments and strategically position themselves to take advantage of the lucrative opportunities presented by the evolving filtration industry.
References
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