Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "Filtration and Contamination Control - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Filtration and Contamination Control Market to Reach $52.3 Billion by 2030
The global market for Filtration and Contamination Control estimated at US$38.2 Billion in the year 2023, is projected to reach a revised size of US$52.3 Billion by 2030, growing at a CAGR of 4% over the analysis period 2023-2030. Liquid Filtration, one of the segments analyzed in the report, is expected to record 4.3% CAGR and reach US$31.8 Billion by the end of the analysis period. Growth in the Air Filtration segment is estimated at 3.6% CAGR for the next 8-year period.
The rise in industrialization is creating significant opportunities in the filtration and contamination control market, enhancing the productivity of systems and machines. Liquid filtration commands the largest share of this market, driven by the need to maintain clean and efficient operations across various industries. Innovations and advancements in the field are propelling growth, with innovative technologies such as ion exchange, electrostatic oil cleaning, magnetic filtration, mechanical filtration, and membrane filtration leading the way. These technologies offer diverse and effective solutions for maintaining optimal cleanliness levels.
A comprehensive approach to contamination control involves understanding contamination sources, the damage caused by contamination, and the steps needed to achieve target cleanliness levels. Critical areas for contamination control include storage, handling, and equipment maintenance. Filtering oil offers numerous benefits, including extended equipment life and reduced maintenance costs, with various filtration options available such as reservoir filters and in-line/off-line filtration systems.
The global market for filtration and contamination control is highly competitive, with key players' percentage market shares reflecting their dominance in 2022. Low-cost, effective, and easily implementable solutions are essential for achieving quality filtration systems, particularly in hydraulic filtration and contamination control. These solutions not only improve operational efficiency but also ensure the longevity and reliability of industrial machinery and systems.
The U.S. Market is Estimated at $10.3 Billion, While China is Forecast to Grow at 6.7% CAGR
The Filtration and Contamination Control market in the U.S. is estimated at US$10.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 232 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $38.2 Billion |
| Forecasted Market Value (USD) by 2030 | $52.3 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Market Primer
- Contamination Control Enhances Productivity of Systems & Machines
- Rise in Industrialization Creates Opportunities in Filtration and Contamination Control Market
- Liquid Filtration Commands the Largest Share of the Market
INNOVATIONS AND ADVANCEMENTS
- Innovative Technologies
- Ion Exchange
- Electrostatic Oil Cleaning
- Magnetic Filtration
- Mechanical Filtration
- Membrane Filtration
PRODUCT OVERVIEW
- Approach to Contamination Control
- Contamination Sources
- Damage Caused by Contamination
- Setting Up and Achieving Target Cleanliness
- Storage, Handling and Equipment: Critical Areas of Contamination Control
- Benefits of Filtering Oil
- Filtration Options
- Reservoir Filters
- In-line / Off-line Filtration
- Filtration and Contamination Control - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Low-Cost, Effective and Easily Implementable Solutions Key to Achieve Quality Filtration Systems
- Hydraulic Filtration and Contamination Control
FOCUS ON SELECT PLAYERS(Total 13 Featured)
- CECO Environmental Corporation
- Cummins, Inc.
- Donaldson Co., Inc.
- Eaton Corporation PLC
- Filtration Group Corporation
- Hydac International GmbH
- Mann+Hummel GmbH
- Pall Corporation
- Parker Hannifin Corporation
For more information about this report visit https://www.researchandmarkets.com/r/2dw9y6
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