In this blog post, we will delve into the fascinating world of Industrial Filtration Industry Statistics. Industrial filtration plays a crucial role in various sectors, ensuring the purity and efficiency of processes. Join us as we explore the latest trends, challenges, and opportunities in this dynamic industry.
The Latest Industrial Filtration Industry Statistics Explained
By 2027, the global industrial filtration market is projected to reach $45.2 billion.
The statistic “By 2027, the global industrial filtration market is projected to reach $45.2 billion” indicates a significant growth trajectory in the industrial filtration sector over the next few years. This projected value represents the estimated total market size for industrial filtration products and services worldwide by the year 2027. The figure of $45.2 billion highlights the increasing demand for filtration solutions across various industry sectors such as manufacturing, pharmaceuticals, energy, and automotive, driven by factors like stringent regulations, rising environmental concerns, and advancements in filtration technology. This statistic serves as a key insight for businesses, investors, and policymakers to understand the evolving landscape of the industrial filtration market and capitalize on emerging opportunities in the filtration industry.
The industrial filtration market was valued at $30.88 billion in 2021.
The statistic “The industrial filtration market was valued at $30.88 billion in 2021” indicates the total monetary worth of the industrial filtration industry for that year. This value represents the sum of all goods and services related to industrial filtration, including equipment, services, and technologies. This market valuation provides insight into the economic significance and scale of the industrial filtration sector in 2021, serving as a key indicator of the industry’s size, growth, and importance within the broader economy.
The industrial filtration market is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027.
This statistic indicates that the industrial filtration market is projected to experience steady growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 6.0%. This means that on average, the market is estimated to expand by 6.0% each year during this timeframe. The CAGR is a useful metric for understanding the smooth annualized growth rate of a market or industry, providing insights into the overall trend of growth over a specific period. In this case, the forecast suggests a positive outlook for the industrial filtration market, with an expected increase in demand for filtration systems and technologies in various industrial sectors.
The market share for liquid filters in the industrial filtration market was 60% in 2020.
The statistic stating that the market share for liquid filters in the industrial filtration market was 60% in 2020 means that out of all the filtration products used within the industrial sector during that year, liquid filters accounted for 60% of the total market. This reflects the popularity and utilization of liquid filters compared to other types of filtration products in industrial applications. A market share of 60% indicates that liquid filters were the dominant choice among industrial consumers for meeting their filtration needs in 2020.
The air filtration segment is projected to witness a higher CAGR during the forecast period.
The statement “The air filtration segment is projected to witness a higher CAGR during the forecast period” suggests that the compound annual growth rate (CAGR) for the air filtration industry is anticipated to be greater compared to other segments over the specified forecast timeline. This projection implies that the market for air filtration products is expected to experience more rapid growth in terms of revenue or market size in the future. Factors driving this higher CAGR could include increasing awareness and concerns related to air quality and pollution, stricter regulations on emissions, advancements in air filtration technology, and growing demand for clean indoor air in various sectors such as commercial, industrial, and residential settings. This forecast highlights the potential business opportunities and market dynamics within the air filtration industry.
The Asia-Pacific region accounted for the largest market share for industrial filtration in 2020.
The statistic indicates that in 2020, the Asia-Pacific region had the highest proportion of market sales in the industrial filtration sector compared to other regions globally. This suggests that the demand for industrial filtration products and solutions was the strongest in the Asia-Pacific region during that year. Factors such as rapid industrialization, increasing environmental regulations, and a growing focus on sustainability in manufacturing processes in countries within the Asia-Pacific region likely contributed to this trend. The dominance of the Asia-Pacific region in the industrial filtration market indicates significant opportunities for industry players to target this region for business expansion and growth strategies.
The food and beverages industry is projected to be the fastest-growing end-user sector in the industrial filtration market.
This statistic suggests that the food and beverages industry is expected to experience the highest rate of growth in terms of demand for industrial filtration systems among all end-user sectors. Industrial filtration systems are used in the food and beverages industry to remove impurities and contaminants from liquids and gases involved in the production process, ensuring product quality and safety. The projected growth in this sector indicates a rising need for efficient filtration technologies to meet regulatory standards and consumer demands for high-quality products. This trend reflects the industry’s commitment to enhancing production processes, ensuring product purity, and meeting stringent quality control requirements.
The manufacturing sector was the largest end-user of the industrial filtration industry in 2020.
In 2020, the manufacturing sector emerged as the leading end-user of the industrial filtration industry, signifying the significant reliance of manufacturing activities on filtration technology for various operations. This statistic highlights the pivotal role of industrial filtration systems in maintaining the efficiency and quality standards of manufacturing processes by removing impurities and contaminants from air, liquids, and gases used in production. The prominence of the manufacturing sector as the largest end-user underscores the widespread adoption and importance of industrial filtration technologies in enhancing operational performance, ensuring product quality, and promoting a sustainable and clean working environment within the manufacturing industry in the year 2020.
By 2027, the market size of the industrial filtration industry in North America is expected to hit $13.8 billion.
The statistic that by 2027, the market size of the industrial filtration industry in North America is projected to reach $13.8 billion indicates a significant growth trajectory for this sector over the next few years. This anticipated expansion suggests a growing demand for filtration systems and technologies across industries such as manufacturing, chemical, food and beverage, and pharmaceuticals in North America. Factors driving this growth may include increasingly stringent regulatory requirements, the need for more efficient and sustainable production processes, and a heightened focus on environmental protection. This statistic serves as a valuable insight for businesses and investors looking to capitalize on the opportunities presented by the expanding industrial filtration market in the region.
The pharmaceutical industry is projected to witness a 7.1% CAGR in the industrial filtration market from 2020 to 2027.
This statistic indicates that the pharmaceutical industry is expected to experience a Compound Annual Growth Rate (CAGR) of 7.1% in the industrial filtration market between the years 2020 and 2027. This projection suggests a steady and sustained annual growth rate for the sector over this period. The demand for industrial filtration equipment within the pharmaceutical industry is likely to increase, driven by factors such as regulatory requirements, technological advancements, and the need for efficient and reliable filtration processes in pharmaceutical manufacturing. The growth forecast reflects opportunities for filtration equipment manufacturers and suppliers to cater to the evolving needs of the pharmaceutical sector and capitalize on the projected market expansion.
Industrial filtration of power plants is projected to exhibit the second fastest growth rate during the forecast period.
The statement “Industrial filtration of power plants is projected to exhibit the second fastest growth rate during the forecast period” indicates that within the industrial filtration sector, the segment related to power plants is expected to experience significant growth in the coming years. This growth is forecasted to be notably fast, ranking second in terms of rate of expansion among all segments within the industrial filtration industry. The projection suggests an increasing demand for filtration systems in power plants, likely driven by factors such as regulatory requirements, technological advancements, environmental concerns, and the need for efficient and sustainable energy production. This trend underscores the importance of effective filtration in power generation processes and highlights opportunities for companies operating in this sector to capitalize on the growing market demand.
The HEPA & ULPA industrial filters market share in 2026 was valued around $2.5 billion.
The statistic indicates that in 2026, the HEPA (High Efficiency Particulate Air) and ULPA (Ultra Low Particulate Air) industrial filters market generated approximately $2.5 billion in revenue, reflecting the total market share these filters held within the industry. This value represents the collective sales generated by companies producing and selling HEPA and ULPA industrial filters for various applications such as air purification, cleanroom environments, and industrial processes requiring high levels of air quality. The figure highlights the significant demand for these specialized filters driven by factors such as stringent air quality regulations, increasing concern for indoor air quality, and the need for advanced filtration technologies in industrial settings.
Metal and mining industry usage of industrial filtration is expected to account for around 10.4% market share by 2027.
The statistic indicates that the metal and mining industry’s utilization of industrial filtration technologies is projected to hold a market share of approximately 10.4% by the year 2027. This suggests that a significant portion of the demand for industrial filtration systems will come from the metal and mining sector in the coming years. The estimation implies that these industries are increasingly investing in and relying on filtration solutions to improve process efficiency, reduce environmental impact, and comply with regulations. This trend underscores the growing importance of industrial filtration in addressing the specific needs and challenges faced by the metal and mining sectors in managing their operations and resources effectively.
Industrial filtration in the pulp and paper sector is expected to hit 4.5% CAGR from 2020 to 2027.
The statistic that industrial filtration in the pulp and paper sector is expected to hit a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027 implies that the market for filtration equipment used in the production processes of pulp and paper products is projected to grow at an average annual rate of 4.5% over the specified period. This growth rate indicates a positive trend in the industry, suggesting increasing demand for filtration solutions within the sector. Factors such as technological advancements, regulatory requirements for environmental protection, and the expansion of the pulp and paper industry could be driving this anticipated growth in filtration equipment.
Conclusion
In conclusion, the statistics presented in the Industrial Filtration Industry show a promising outlook for the future of this sector. With the increasing emphasis on environmental sustainability and regulatory compliance, the demand for industrial filtration products and services is expected to rise. By leveraging data-driven insights and staying ahead of industry trends, companies in this space can position themselves for long-term success and growth.
References
0. – https://www.www.fortunebusinessinsights.com
1. – https://www.www.graphicalresearch.com
2. – https://www.www.globenewswire.com
3. – https://www.www.mordorintelligence.com
4. – https://www.www.gminsights.com
5. – https://www.www.grandviewresearch.com
