PUBLISHER: Verified Market Research | PRODUCT CODE: 1622527
PUBLISHER: Verified Market Research | PRODUCT CODE: 1622527
Filter Press Market size was valued at USD 1409.5 Billion in 2024 and is projected to reach USD 1773.07 Billion by 2031, growing at a CAGR of 2.91% during the forecast period 2024-2031. The growing awareness regarding the need for treatment of wastewater in order to meet the demand for water is the crucial aspect of the rise in the market revenue of Filter Press as well as rapid urbanization and disposable income will foster market growth. The Global Filter Press Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Filter Press Market Definition
A filter press is solid-liquid separation equipment that utilizes the principle of pressure feeding. It has a series of filter plates arranged together and recessed plates or frames that are arranged in an alternative manner. The filter medium is arranged in between the filter press plates. A feeding pump is utilized for forcing liquid through a medium, therefore leaving solids trapped inside. When compared with other pressure filters, the filter press holds a higher volume of solids per square foot of the filtering surface area. The closer which is required is hydraulically or manually operated. It contains a controller, which presses the filter plates together, hence creating a sealed unit. The hydraulic system, which is best suited for dewatering applications, is typically dependent on the size of the filter press required.
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Global Filter Press Market Overview
One of the major drivers of the worldwide filter press market is rising awareness of the necessity to treat wastewater - to fulfill rising water demands. Water scarcity has increased over time, and groundwater recharge has been delayed. It has been increasing the adoption of new water treatment projects. Furthermore, the popularity of water recycling in developed nations such as North America and Europe has resulted in the implementation of additional water treatment projects throughout time. Furthermore, the innovation of newer filter presses with advanced technology and distinctive characteristics has been aided by the growth of an increasing variety of sectors. Sanitation deprivation has serious human costs, resulting in 700,000 premature deaths each year. According to a recent study, there is a stronger correlation between open defecation and childhood stunting, which is crucial for cognitive development and future economic output. This is creating an opportunity for market growth. However, the automatic filter press is expected to witness growth owing to the development of new alternatives in the market. Entrepreneurs and enterprises want to run at a low cost; thus, a large installation fee may deter them from choosing a filter press. Manufacturers like FLSmidth, Evoqua Water Technologies, Andritz, etc have high-cost products resulting from the market decline.
Global Filter Press Market is segmented based on Product, Application, And Geography.
Based on Product, the market is bifurcated into Recessed Plate Filter Press, Plate & Frame Filter Press, Automatic Filter Press, and Other. Automatic Filter Press accounted for the largest market share and is projected to grow by a CAGR of 3.68% during the forecast period. Automatic filter presses deliver a high degree of automation while offering continuous operation at the same time and the result is a high-speed filter press that permits amplified production per unit area of filter. The option of the instantaneous filter plate opening system, helps to realize a principally fast cake release plummeting the cycle time to a minimum. The result is a high-speed filter press that permits augmented production per unit area of filter. Therefore, these machines are used in applications with extremely filterable products where high filtration speeds are essential. These include, e.g., mining concentrates and residues. Therefore, owing to the benefits of automatic filter press such as high level of automation, trouble free operation, maximum versatility, simple and economical filtration, and high level of security and high filtration speed its demand is growing which further helps to motivate the market.