#Industrial #Filtration #Market #Projected #Reach #USD
Pune, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to this report, the Industrial Filtration Market Size was USD 34.79 Billion in 2018 and rise at a CAGR of 4.3% between 2019 to 2026. The global industrial filtration market size is anticipated to reach USD 48.52 Billion by 2026 on account of the rapid urbanization and the increasing need for clean energy and pure water.
A recent report by Fortune Business Insights™ titled, “Industrial Filtration Market Size, Share & Industry Analysis, By Type (Air & Gas Filtration, and Liquid Filtration), By Filter Media (Activated Carbon, Fiberglass, and Combination Filters & Others), By Application (Food & Beverage, Chemicals & Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others), and Regional Forecast, 2019-2026,” offers a 360-degree overview of the market.
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Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2019-2026 |
| Forecast CAGR | 4.3 % |
| 2026 Value Projection | USD 48.52 Billion |
| Base Year | 2018 |
| Industrial Filtration Market Size in 2018 | USD 34.79 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 150 |
| Segments Covered | By Type, End-user and Regional Insights |
| Industrial Filtration Industry Growth Drivers | Owing to Increasing Impositions for Environment Protection by both Government and Organizations such as WHO |
| To Attract High Revenue from Rising Demand from Power Generation Industries |
Competitive Landscape:
Presence of Diverse Portfolio Helping Major Companies to Hold a Share of Over 50%
The global industrial filtration market is semi-consolidated with the top 10 companies holding an estimate of 50% and more shares in the market. This is owing to the geographical expansion of the companies and diverse portfolios.
Major players have invested a heavy amount into research and development of multiple industrial filtration systems for their growth. Other players are…
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