Market Research Report
Global Filtration and Contamination Control Market - 2020-2027
|Published by||DataM Intelligence||Product code||955347|
Delivery time: 1-2 business days
|Global Filtration and Contamination Control Market - 2020-2027|
|Published: August 27, 2020||Content info:||
In order to achieve enhanced equipment performance on an ongoing basis by reducing contamination levels in liquids and fuel, the adoption of an efficient filtration and contamination control strategy is paramount for any industrial sector. This technique requires a comprehensive and coordinated approach for achieving superior end-product quality and has the advantage of minimizing total operational costs by removing waste and increasing the service life of various products. In addition, contamination control equipment and advanced filtration is now implemented across various industrial sectors to focus on two main goals namely cleanliness management of the component and fluid cleanliness management. Also, the emergence of renewable and alternative energy source will create potential opportunities for growth in this market. The global filtration and contamination control market valued USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, at a CAGR of XX%
Implementation of strict regulations due to rising environmental concerns compel manufacturers to adopt filtration and contamination control strategies and equipment's in various industries. Several countries in various regions have imposed strict government regulations based on the reporting and limiting of the emissions levels that are supporting the use of filtration and contamination control. For instance, with the 2012 baseline, Canada had introduced regulations in April 2018 to cut methane emissions by up to 40-45 percent by 2025. Furthermore, there are more specific and stringent regulatory measures in place for the provinces of Saskatchewan, Alberta and British Columbia to tackle venting and flaring from upstream oil and gas operations, which further drives the filtration and contamination control market growth.
However, increasing electrification across various automotive and industrial applications is anticipated to hinder the need of fuel combustion which in turn is expected to inhibit the market demand of filtration and contamination control equipment to some extent during the forecast period.
The global filtration and contamination market is segmented by filtration type into liquid and air. Liquid is by far the largest segment holding about XX% of the global market. For almost every industry, liquid filtration is used to purify solid-liquid and liquid-liquid raw materials, in order to enhance product consistency. It is often used before disposal to remove harmful impurities from the waste. The reliance on liquid filtration systems of large end-user application areas is the prime reason for the largest market share of the liquid filtration segment.
By geography, North America is the largest market for filtration and contamination market with a share of nearly XX% in global sales value in 2019. The primary factor behind this region's dominance is attributed to the wide concentration of filtration and contamination control equipment manufacturers in North America including Cummins Inc. (The U.S.), Donaldson Company Inc. (The U.S.), and Filtration Group Corporation (The U.S.) among others.
The global filtration and contamination control market is consolidated with top 5 companies accounting for over 50% of global sales. Mann+Hummel Holding GmbH, Donaldson Company, Inc., Cummins Inc. and Filtermist International Ltd., are dominating the global Filtration and Contamination Control market. These companies have used various strategies such as expansions, new product launches, agreements, partnerships, joint ventures, acquisitions, and others to increase their footprints in this market. For instance, Filtermist International Ltd, an industrial air filtration specialist based in Telford, has completed an arrangement to purchase Carter Environmental Engineers (CEE) Ltd's air services division's assets The purchase involves the rights to produce the Carter range of dust removal machinery which includes dry dust filters, benches and booths and wet collectors. Dust extraction is a huge growth area for Filtermist International.