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Filtration Market Size

Report ID: GMI10648
Published Date: Aug 2024
Report Format: PDF

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Filtration Market Size

Filtration Market was valued at around USD 50.5 billion in 2023 and is estimated to register a CAGR of around 4.9% between 2024 and 2032.

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Global governments and regulatory bodies are increasingly enforcing stricter environmental regulations, specifically targeting air and water pollution. Industries must now adopt advanced filtration systems to comply with these regulations, aiming to curtail emissions and effluents. Simultaneously, heightened public awareness of the health risks associated with pollution is fueling a surge in demand for filtration systems across residential, educational, commercial, and public settings.

Filtration Market Report Attributes
Report Attribute	Details
Base Year:	2023
Filtration Market Size in 2023:	USD 50.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.9%
2032 Value Projection:	USD 77.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	147
Tables, Charts & Figures:	365
Segments covered:	Type, Filter, Filter Media, Application, Distribution Channel, Region
Growth Drivers:	Expanding industrial sectors, including manufacturing and automotive, drive the demand for filtration systems Growing awareness about air and water pollution boosts the need for advanced filtration solutions
Pitfalls & Challenges:	Cost constraints

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Small and medium-sized enterprises (SME) and developing regions often face a significant barrier when it comes to adopting advanced filtration systems due to their high initial capital requirements. The costs extend beyond the initial investment and encompass expenses for infrastructure modifications, specialized labor, and ongoing maintenance, including filter replacements and system cleaning, all of which contribute to the operational costs.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of filtration was reached USD 50.5 billion in 2023 and is expected to register 4.9% CAGR from 2024 to 2032, owing to the governments and regulatory bodies increasingly enforcing stricter environmental regulations, specifically targeting air and water pollution worldwide.

Filtration industry from the air filters segment is expected to cross USD 20.4 billon by 2032, due to the rising awareness of the health implications associated with poor indoor air quality, including respiratory problems and allergies.

Asia Pacific filtration industry held 38% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to Sectors such as manufacturing, automotive, electronics, and pharmaceuticals, fueling the demand for cutting-edge industrial filtration systems in the region.

Cummins Filtration, Donaldson Company, Inc., Eaton Corporation, Koch Filter Corporation, Lydall, Inc., MANN+HUMMEL, Pall Corporation, Parker Bioscience Filtration, Parker Hannifin Corporation, Pentair, and Porvair Filtration Group, are some of the major filtration companies worldwide.