DUBLIN--(BUSINESS WIRE)--The "Industrial Filtration Market by Type (Air and Liquid), Technology, Product, Filter Media, Industry (Manufacturing, Power Generation, Metals & Mining, Oil & Gas, Pharmaceuticals, and Process Industry), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial filtration market is estimated at USD 25.89 billion in 2018 and is projected to grow at a CAGR of 6.50% to reach USD 35.47 billion by 2023
This growth is primarily due to the growing industrialization and urbanization, stringent regulations pertaining to emissions and treatment of industrial waste, and requirement of safe working environment in industrial facilities. The restraints for this market are slowing the industrial growth in China and growth in renewable energy sources.
The market for air filtration is expected to grow at the highest CAGR from 2018 to 2023. Strict government regulations to curb air pollution is expected to drive growth of the air-type industrial filtration market. Moreover, the demand for clean air in workplaces is gaining importance and is contributing to its development.
Asia Pacific is expected to account for the largest market share of the global industrial filtration market in 2018. This trend is projected to continue until 2023. Emission regulations accompanied with the need for clean indoor air facilities is one of the major factors that drive this market. The growth in manufacturing, power generation, oil & gas, and food & beverage industries has a great influence in the economic development of the countries in the region. China accounted for the largest share of the industrial filtration market in Asia Pacific in 2017.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial Filtration Market, By Type
7 Industrial Filtration Market, By Filter Media
8 Industrial Filtration Market, By Industry
9 Industrial Filtration Market, By Region
10 Competitive Landscape
11 Company Profiles
- Alfa Laval
- Filtration Group
- Pall Corporation
- Parker Hannifin
For more information about this report visit https://www.researchandmarkets.com/research/zsnh9v/industrial?w=4