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“The self-cleaning filters market is projected to reach USD 7.18 billion by 2022.”
The self-cleaning filters market is estimated to be USD 5.03 billion in 2017, and is projected to reach USD 7.18 billion by 2022, at a CAGR of 7.4% from 2017 to 2022. The demand for self-cleaning filters is growing significantly, as the use of self-cleaning filters minimizes product loss, increases the quality of output, and reduces contamination across industries. It also provides effortless functioning of manufacturing processes without shutdowns. The major restraint for the market is the high cost of installation and manufacturing of self-cleaning filters.
“Among material type, the stainless steel segment is projected to lead the self-cleaning filters market from 2017 to 2022.”
Based on by material type, the stainless steel segment is projected to lead the self-cleaning filters market during the forecast period. Self-cleaning filters made of stainless steel exhibits excellent corrosion resistance in an aerated water environment and have various other advantages such as durability, reliability, and chemical and high-pressure resistibility.
“Among end-use industries, the food & beverage segment is projected to grow at the highest CAGR during the forecast period.”
Based on end-use industry, the food & beverage segment is expected to grow at the highest CAGR during the forecast period due to increasing use of self-cleaning filters to process water filtration in the meat industry and as a quality control measure in the chocolate industry. The food & beverage industry produces large volumes of wastewater that are high in Total Suspended Solids (TSS), Biochemical Oxygen Demand (BOD), and fats, oils, and greases. Thus, food & beverage companies are planning to implement ’in-house’ pre-treatment of wastewater with the aim of lowering TSS and BOD, as well as controlling the pH levels. This, in turn, is anticipated to drive the demand for self-cleaning filters in the food & beverage industry
“The Asia-Pacific self-cleaning filters market is projected to grow at the highest CAGR from 2017 to 2022.”
The Asia-Pacific self-cleaning filters market is projected to grow at the highest CAGR from 2017 to 2022. Increasing industrialization and infrastructural developments in the region offers growth opportunities for the self-cleaning filters market. Asia-Pacific is the largest consumer of self-cleaning filters in the world. The industrial growth in China has tremendously increased power production and consumption making it one of the most lucrative markets for self-cleaning filters.
Breakdown of profiles of primary participants:
- By Company Type: Tier 1 – 21%, Tier 2 – 36%, and Tier 3 – 43%
- By Designation: C Level – 24%, Director Level – 42%, and Others – 34%
- By Region: North America – 20%, Europe – 18%, Asia-Pacific – 50%, South America – 7% and Middle East & Africa –5%
Major companies profiled in this report include Eaton Corporation plc (Ireland), Parker Hannifin Corporation (U.S.), Alfa Laval AG (Sweden), Amiad Water Systems Ltd. (Israel), 3M Company (U.S.), Baleen Filters Pty. Ltd. (Australia), The Dow Chemical Company (U.S.), Oxford Filtration Limited (U.K.), Pall Corporation (U.S.), Cummins, Inc. (U.S.), HYDAC Filter System GmbH (Germany), JUDO Water Treatment GmbH (Germany), VAF Filtration Systems (U.S.), Morrill Industries, Inc. (U.S.), SCAM Filters (Filters), Forsta Filters, Inc. (U.S.), STF Filtros (Spain), Georg Sch?nemann GmbH (Germany), and Orival Inc.(U.S.), among others.
This report offers an overview of the market trends, drivers, and challenges with respect to the self-cleaning filters market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the self-cleaning filters market on the basis of material, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.
Reasons To Buy the Report
This report covers the following key aspects:
- What will be the size of the self-cleaning filters market by 2022 and what will be the growth rate of the self-cleaning filters market during the forecast period, 2017 to 2022?
- What are the key market trends?
- What are the factors expected to drive the growth of the self-cleaning filters market during the forecast period?
- What are the challenges that impact the growth of the self-cleaning filters market during the forecast period?
- Who are the key players in the self-cleaning filters market?
- The global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the U.S., China, India, Russia, and Germany, among others.