Filters Industry Data Book - Mobil & Engine Filters, Hydraulic & Lube Filters, Process Filters, Industrial Air Filters, Compressed Air Dryers and Filters Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030
The global Filters Industry was estimated at USD 40.19 billion in 2022 and is expanding at a significant CAGR of 6% from 2023 to 2030, according to a new report by Grand View Research, Inc.
Grand View Research’s filters sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Access the Global Filters Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Mobil & Engine Filters Market Growth & Trends
The global Mobil & Engine Filters Market size is expected to reach USD 11.2 billion in 2022, registering a CAGR of 3.8% according to a new report by Grand View Research, Inc. The fuel filters segment dominated the mobile & engine filters market in 2022, with a share of 38.4%. Fuel filters are an essential component for internal combustion engines as they screen the fuel for possible contaminants. The truck companies are investing in increasing their production capacities with an increase in demand, thus leading to increased demand for fuel filters. Furthermore, adoption of MRO services by several trucking and transport agencies for timely maintenance of their truck and bus fleet. Is expected to increase the aftermarket sales for fuel filters.
The engine air filters segment accounted for the second largest share of the mobile & engine filters market in 2022, with a share of 37.5%. This is attributed to the growing maintenance, repair, and overhaul industry for automobiles. The filters need to be periodically to prevent clogging of engine air systems. Innovations by companies toward increasing the service life of filters along with enhancing their strength and filtering capacity are expected to create new growth opportunities in the market.
Order your copy of the Free Sample of “Filters Industry Data Book - Mobil & Engine Filters, Hydraulic & Lube Filters, Process Filters, Industrial Air Filters, Compressed Air Dryers and Filters Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Process Filters Market Growth & Trends
The global Process Filters Market size was valued at USD 15.4 billion in 2022 and is anticipated to grow at a CAGR of 6.6% during the forecast period. This is attributed to the widespread usage of liquid filtration systems in several industries including food & beverage, wastewater treatment, power generation, mining, chemicals, and pharmaceuticals, for the removal of contaminants from process water, chemicals, and beverages.
Several kinds of process filters such as backflushing filters, bag filters, cartridge filters, and membrane filters are utilized for liquid filtration applications in marine, food & beverages, water & wastewater treatment, power generation, chemicals, pharmaceuticals, mining, microelectronics, and snowmaking industries. They are used for filtering out oils, process water, wine & other beverage items, and chemicals.
Competitive Landscape
Key players operating in the Filters industry are:
- 3M
- Parker Hannifin Corporation
- Donaldson Company, Inc.
- Man+Hummel GmbH
- Cummins Inc.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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