Chicago, Feb. 15, 2024 (GLOBE NEWSWIRE) — The global Industrial Filtration Market size is expected to grow from USD 33.5 billion in 2022 to USD 45.2 billion by 2027, at a CAGR of 6.2% according to a new report by MarketsandMarkets™. The industrial filtration market is driven by various important factors including environmental regulations and policies enacted by the government, requirement for safe working environments in industrial facilities, rising need for equipment dependability and lifespan extension, and development of industry in developing countries.
The North America is estimated to be the largest market for the industrial filtration, followed by Asia Pacific. In Europe, the European Union (EU) has set goals to achieve desired levels of air quality that do not give rise to significant adverse impacts and risks to human health and the environment. The air quality emission norms in Europe focus on the continuous monitoring and assessment of ambient air quality. The law also requires large-scale industrial installations to obtain operational permits for environmental protection. The developing countries in Asia Pacific and the Middle East & Africa are also setting up various environmental emission norms to curb pollution. Such regulations are likely to drive the demand for industrial filtration.
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Industrial Filtration Market Scope:
Report Coverage
Details
Market Size
USD 45.2 billion by 2027
Growth Rate
6.2% of CAGR
Largest Market
North America
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