Filters Industry Forecasts 2023-2030

Filters Industry Data Book - Mobil Engine Filters, Hydraulic Lube Filters, Process Filters, Industrial Air Filters, North America HVAC Filters, Air Pollution Control System, Compressed Air Dryers and Compressed Air Filters Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Filters Industry Outlook

The economic value generated by the filters industry was estimated at approximately USD 75.5 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of filters, distribution supply, and aplication of filters.

Asia Pacific dominated the market in 2022 with a revenue share of over 43%. Robust manufacturing bases in the region, specifically in China and India have provided accelerating growth to the regional industrial output with major manufacturing operations including the production of automobiles, machinery, electrical electronics, consumer goods, food beverage production, and meat processing. In addition, workplace safety regulations and environment protection policies by local authorities have to mandate the facility operators to use advanced filtration techniques to reduce pollution levels, thus likely to ascend the demand for filters.

Access the Global Filters Industry Data Book, 2023 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies.

Grand View Research’s filters industry data book is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. 

Mobil Engine Filters Market Insights

mobil engine filters market size was valued at USD 11,152.8 million in 2022 and is expected to reach with 3.3% CAGR over forecast period 2023-2030 Fuel filters are an essential component for internal combustion engines as they screen the fuel for possible contaminants.  

Hydraulic Lube Filters Market Insights

hydraulic lube filters market expected to rise in demand with CAGR of 5.2% from 2023-2030. A rise in product demand in various application industries including automotive, power generation, marine, manufacturing, construction, mining, and agriculture is expected to add growth prospects to the market over the forecast period. The fuel filters market size was valued USD 5,081.3 million in 2022 and is anticipated to expand at a 5.2% CAGR (2023-2030)

Process Filters Market Insights

process filters market value was USD 15,372.2 million in 2021 and is expected to rise at a CAGR of 6.3%  from 2023-2030 Liquid filtration systems dominated the process filters market in 2022, with a revenue share of 68.20%, and is expected to rise at a CAGR of 6.4% over the forecast period. 

Industrial Air Filters Market Insights

industrial air filters market size was valued at USD 2,949.3 million in 2022 and expected to reach 7.7% CAGR from 2023-2030  In addition, the growing utilization of HEPA filters in exhaust mediums of inline air filters that remove harmful solid particulates during laser surgeries is expected to fuel the demand for these filters in the medical application segment. 

North America HVAC Filters Market Insights

north america hvac filters market size valued USD 1,776.9 million in 2022 and is anticipated to expand at a CAGR of 7.9% from 2023-2030. The rise in consumer inclination towards clean indoor air quality has increased the demand for heating, ventilation, and air-conditioning system, especially for the residential application segment. 

Compressed Air Dryers and Compressed Air Filters Market Insights

compressed air dryers and compressed air filters market size was USD 5,631.8 million in 2022 is expected to dominate 6.9% CAGR during 2023-2030 The use of dryers and filters to separate water vapours and contamination from crude oil natural gas helps in minimizing hydrate formation, combustibility issues, and line regulator freezing. Oil removal application is expected to dominate the market in 2022 based on revenue and the trend is expected to remain the same over the forecast period. 

Air Pollution Control System Market Insights

air pollution control system market was dominated by the chemical industry in 2022, accounting for a share of over 23%, and is expected to rise at a CAGR of 5.3% over the forecast period 2023-2030 The commonly used air pollution control equipment in the chemical industry includes baghouses, wet scrubbers, cyclones, cartridge dust collectors, mist collectors, and thermal oxidizers. 

Order your copy of the Free Sample of “Filters Industry Data Book - Mobil Engine Filters, Hydraulic Lube Filters, Process Filters, Industrial Air Filters, North America HVAC Filters, Air Pollution Control System, Compressed Air Dryers and Compressed Air Filters Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Market Share Insights

Industry participants are focusing on the development of new and more effective distribution channels to enhance existing market penetration. Large market players with a global presence account for a greater share in the overall market and are concentrated in the Asia Pacific and North America. The top five global manufacturers account for over 50.0% of the global revenue, with China and the U.S. controlling a substantial part of the distribution and manufacturing business. Players monitor industry developments and adapt to changing trends and strategies to maintain their position in the market.

Competitive Insights

Key players are notably investing in research and development activities and continuously launching new products and services in the market to enhance customer productivity, thereby attaining business growth in the market.

List of key emerging companies of Filters Industry

• 3M
• Parker Hannifin Corporation
• Donaldson Company, Inc.
• Man+Hummel GmbH
• Cummins Inc.
• Santorius AG
• Danaher Corporation (Pall Corporation)
• Camfil Group
• American Air Filter Company, Inc.
• SOGEFI Spa 

Key findings from the report suggest:

• This report includes information on all markets within an industry
• Market estimates and forecasts from 2016-2030
• Segment and regional revenue forecasts for market assessment
• Market intelligence to enable effective decision making

Grand View Research’s Filters Industry data book is a collection of market sizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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