September 15, 2023 09:30 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global industrial filter cartridge market is projected to flourish at a CAGR of 4.7% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 8.3 billion is anticipated for the market in 2031. As of 2023, the market for industrial filter cartridges is expected to close at US$ 5.9 billion. High Quality Air Filter
Rapid industrialization and urbanization in emerging economies have led to increased industrial activities, creating a higher need for filtration solutions to manage pollutants and maintain environmental standards, propelling the market demand during the forecast period.
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The global industrial filter cartridge market is fragmented with the presence of large players. Key vendors in the industrial filter cartridges market are focused on investment in R&D, expansion of product portfolios, and adoption of merger and acquisition strategies to enhance their market share.
Key Developments in the Industrial Filter Cartridge Market
The increasing demand for industrial filter cartridges in manufacturing sectors, such as automotive, electronics, and pharmaceuticals, requires precise air and fluid filtration to maintain product quality and compliance with industry standards, driving the market demand.
The increasing demand for clean and potable water, coupled with wastewater treatment requirements, fuels the growth of filter cartridge applications in municipal and industrial water treatment facilities.
The increasing application in the oil and gas industry as it utilizes filter cartridges for various applications, including hydraulic control systems and gas processing. Ongoing exploration and production activities drive market growth.
Key Takeaways from the Market Study
Industrial Filter Cartridge Market: Key Trends and Opportunistic Frontiers
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Industrial Filter Cartridge Market- Regional Analysis
Industrial Filter Cartridge Market – Key Segments
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How big is the industrial filter cartridge market in 2021?
The global industrial filter cartridge market stood at US$ 5.4 Bn in 2021
What is the share of the pleated industrial filter cartridges segment in the industrial filter cartridge market?
The pleated filter cartridge segment accounted for ~26% share of the market in 2021
Who are the prominent players in the industrial filter cartridge market?
Brother Filtration Equipment Co., Ltd, Delta Pure Filtration, Eaton, Filtcare Technology Pvt. Ltd., Filter Concept Private Limited, Filtration Group BV, Gopani, Merck Millipore, Nordic Air Filtration, Pall Corporation, Rosedale Products Inc., and S Filters Pvt. Ltd.
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