Industrial Filtration Market

The demand for industrial filtration is expected to grow significantly during the forecast period due to increasing use of industrial filtration in various industries, such as manufacturing, oil & gas, power generation, and pharmaceuticals. The market growth of industrial filtration is driven by the stringent environmental regulations and the need for clean and safe working environment. Moreover, the investments in manufacturing and process industries in developing industries are expected to create an opportunity for the market players. However, the use of renewable energy sources for power generation may hinder the growth of the industrial filtration market.

Over the years, various types of air and liquid borne contaminants and welding fumes have been exhausted from industries, such as food & beverages and pharmaceuticals. In order to eliminate such contaminants, various government regulations have been developed to minimize the harmful contents caused due to various industrial contaminants such as liquids, particulate materials, gases, and industrial fumes. Moreover, various regulations have been laid down by the government to find eco-friendly air and liquid filtration techniques. For instance, in 2013, the European Commission proposed the new clean air policy package to control harmful emissions from different industries including construction, agriculture, and power generation for reducing environmental and health impacts by 2030. This policy has considered new air-quality objectives for reducing air pollutants between 2020 and 2030 and revising the National Emission Ceiling Directive (NECD) plan with stricter national emission regulations for pollutants (including PM2.5) for emission control. Such regulations are expected to raise the installation of industrial filters to reduce the emission of harmful pollutants from the industries.

Moreover, filtration system in the food & beverages industry plays an important role in various operations such as providing freshness to the food, increasing shelf life of the food, maintaining food processing equipment, and proper concentration of flavors. The food & beverages industry manufactures products complying to several regulations, such as Hazard Analysis and Critical Control Point (HACCP), to ensure safety of food and beverages. In the US, the Food and Drug Administration (FDA) monitors and controls any type of hazards including biological and chemical hazards in the food processing cycle. Furthermore, in the pharmaceutical industry, industrial filters are used in applications, such as purification of deionized water, Power Generation, solvents, and formulation tanks. Such regulations are expected to increase the demand for industrial filtration. The Environmental Risk Assessment (ERA) system in the pharmaceutical industry is introduced to protect the environment form the effect of discharged antibiotics, wastewater, and other harmful pharmaceutical residues. The Chinese government revised the stringent regulations, such as good manufacturing practice (GMP) standards and water pollutant discharge standards, for the Pharmaceutical Industry. Such stringent regulations in order to meet the environmental standards in industries are expected to increase the demand for industrial filtration in the industries such as food & beverages and pharmaceuticals. Hence, the stringent environmental regulations are expected to drive the growth of the global industrial filtration market during the forecast period.

The manufacturing and process industries are engaged in the transformation of goods, materials or substances into new products. Various manufacturing and industrial equipment are used in the manufacturing and process industries for the manufacturing and processing of finished goods, involving the use of industrial filtration to maintain a safe environment for the workers and the produced goods.

The rapid industrialization and urbanization lead to the growth of manufacturing and process industries especially in the developing countries. India, China, South Africa, Malaysia, Vietnam, the Philippines, Indonesia and other developing countries are focusing on the development of the manufacturing and process industries to meet the growing demand for goods and services. For instance, in India, as per the Federation of Indian Chambers of Commerce and Industry report 2018, the chemical industry is estimated to grow at 9% per annum and is projected to reach USD 304 billion by 2025. Furthermore, according to the Global Power Generation Outlook II report, published by the United Nations Environment Programme, China is projected to hold approximately 50% of the world’s chemical sales by 2030. Particle, clarifying, tank vent, and several other types of filters that are primarily used in chemical processing systems. Filtration systems are used electronics & electrical, plastics, Power Generation, metals, steel, aerospace, paper, and other manufacturing and process industries to obtain improved process efficiency and the quality of the final product. Moreover, as per the report published by the Department: Trade and Industry Republic of South Africa, the steel industry is projected to grow at the rate of 4% by 2025 in the African countries, such as Zambia, Kenya, and Namibia. In September 2019, in Malaysia, the Malaysian Iron and Steel Industry Federation planned to invest approximately USD 1.19 billion for the development of iron and steel industry in the country. Industrial filters are used in the steel industry for the filtration of cooling water to protect various equipment, such as heat exchangers, spray nozzles, and booster pumps. Furthermore, as per the Semiconductor and Electronics Industries in the Philippines, an organization of foreign and Filipino electronics companies, the semiconductors and electronics industries in the country are expected to witness an annual investment of USD 5 billion by 2030. Such developments in the manufacturing and processing industries are expected to increase the demand of industrial filters for the removal of undesirable particles and unwanted frequency components, reduction of noise, and the ensure the manufacturing of high-quality products. Therefore, the investments in manufacturing and process industries in developing countries create an opportunity for the industrial filtration market players.

Industrial filters are installed in various power generation application areas such as thermal power plants, gas power plant, and diesel power stations. Industrial filters are used for various applications such as discharge of fly ash from chimneys, pollution control, cooling water filtration, wastewater recycling, and boiler feed water in order to maintain the performance of the power plants within the environmental parameters. Moreover, in gas power plants, turbines intake a lot of air containing contaminated particles that cause various problems such as the erosion of compressor and damage of blades.

The power generation sources such as thermal energy, gas, and diesel contribute primarily to carbon emission. As stakeholders in the energy generation industry seek opportunities to reduce carbon footprint, they have been focusing on increasing the renewable energy sources in the total power generation mix. Renewable energy sources such as wind, solar, and wave & tidal energy are used for electricity generation. Wind, solar, and tidal energy systems generate electricity without any air pollution emissions and the use of filtration systems. The increasing concerns regarding global warming and the reduced dependence on fossil fuel generation have increased the demand for renewable energy sources to meet the energy demand. According to the International Renewable Energy Agency (IRENA), the share of renewable energy in the power generation is expected to reach 85% in the world’s total energy generation source by 2050. Countries such as the US, Germany, the UAE, and Italy are focusing on increasing the use of renewable energy sources to meet the country’s energy demand. As per the reports of the US Department of Energy, by 2050, renewable energy can meet about 80% of the country’s electricity requirements. Moreover, in 2019, the Italian government set up a target to have 50 GW of solar power generation source by the end of year 2030 to increase the share of renewable energy in the country’s total power generation. In 2019, the German government has set up a target to increase the electricity generation capacity of solar and wind to reach around 230 GW by 2030, in order to increase the share of the renewable energy to 65% in the total power generation. Such developments are expected to increase the share of the renewable energy capacity in the total power generation sources. Such developments are expected to hinder the application of industrial filters in the renewable energy power generation sources. Therefore, the use of renewable energy sources for power generation is expected to restrain the growth of the global industrial filtration market during the forecast period.