$39.73 Billion Filtration and Contamination Control Market 2017 - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Filtration and Contamination Control Market by Filtration Type, Application, and Geography - Global Forecast to 2022" report to their offering.

The global filtration and contamination control market is expected to grow at a CAGR of 5.13% between 2017 and 2022 to reach USD 39.73 billion by 2022.

Increasingly restrictive environmental regulations by governments, promoting the use of cleaner fuels; steady demand for filtration across on-road and off-road applications; growth of the power generation sector; and requirement of higher efficiency performance among mechanical equipment and factory processes are the key factors driving the growth of the filtration and contamination control market. However, the increase in demand for electric vehicles is a key restraint for the growth of the said market.

Liquid filtration is used in almost every industry for the purification of solid-liquid and liquid-liquid raw materials to improve the quality of products. It is also used for removing harmful impurities from the waste before disposal. The dependency of vast end-user application areas on liquid filtration systems is the prime reason for the largest market share of the liquid filtration segment.

The industrial application segment is currently analyzed as the largest consumer of filtration devices, and related engineering products and services. Across this segment, the industrial machinery application is estimated to lead the industrial filtration market owing to the high rate of deployment and diffusion of filtration devices, especially across chemical and petrochemical refineries and metal manufacturing industries.

North America expected to hold a major share of the market during the forecast period

Market Dynamics

Drivers

  • Increasingly Restrictive Environmental Regulations
  • Strong Demand Across On-Road and Off-Road Applications
  • Requirement of Higher Efficiency Performance Among Mechanical Equipment and Factory Processes

Restraint

  • Increase in Demand for Electric Vehicles

Opportunities

  • High Rate of Industrialization in Developing Nations
  • Continual Upgrading in Emission Standards
  • Emerging Alternative and Renewable Energy Sources

Challenge

  • Fluctuating Raw Material Costs

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Filtration Type

8 Market, By Customer Type

9 Market, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • Ceco Environmental Corp.
  • Clarcor Inc.
  • Cummins Inc.
  • Donaldson Company, Inc.
  • Eaton Corporation PLC
  • Filtration Group Corporation
  • Hydac International GmbH
  • Mann+Hummel Holding GmbH
  • Pall Corporation
  • Parker-Hannifin Corp.

For more information about this report visit http://www.researchandmarkets.com/research/xk9d84/filtration_and

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Fax (outside U.S.): +353-1-481-1716
Related Topics: Filters

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Filters