The increasing automation in filtration processes is significantly enhancing the efficiency and effectiveness of safety and process filters in East Asia. This advancement is driving the adoption of sophisticated filtration systems across various industries, ensuring improved safety and compliance with stringent regulatory standards.
NEWARK, DE / ACCESSWIRE / July 9, 2024 / The East Asia safety and process filter industry value is forecast to increase from USD 7,075.7 million in 2024 to USD 14,722.5 million by 2034. Over the assessment period, demand for safety and process filters in East Asia is projected to grow at a CAGR of 7.6%.
Expansion of end-use industries like shipyards, refineries, petrochemical and chemical plants, fuel storage facilities, and environmental engineering is projected to be one of the key growth factors influencing the safety and process filter industry in East Asia. These include requiring safety and process filters for multiple operations.
The adoption of filtration technology to reduce pollution, conserve resources, and encourage eco-friendly practices is driven by the strict regulatory landscape of safety and process filters in East Asia. Increasing awareness of environmental challenges and sustainability is also set to contribute to high demand.
Request a Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-19704
Industrial filters are essential for pollution prevention, wastewater treatment, and emissions reduction. This is projected to push demand as government bodies are mandating use to help meet corporate sustainability goals.
Rapid investments in infrastructure projects, manufacturing facilities, and industrial zones are also set to propel the penetration of eco-friendly safety and process filters in East Asia. Installing filtration systems is essential for safe and effective operation, equipment protection, and regulatory compliance of newly constructed petrochemical plants, refineries, shipyards, and chemical complexes.
Key Takeaways from the East Asia Safety and Process Filter Industry Report:
Sales of safety and process filters grew at a CAGR of 3.3% between 2019 and 2023 in East Asia.
Tier 1 companies comprise leaders with a revenue of above USD 500 million, capturing a significant share of 45 to 50% in East Asia.
China's safety and process filter sector is projected to reach USD 8,911.8 million by 2034.
Japan's sector is projected to reach USD 4,128.9 million by 2034.
Based on end-use, the refineries and petrochemical plants segment is set to exhibit a CAGR of 7.9% during the forecast period.
"Rapid expansion of several sectors, including manufacturing, pharmaceuticals, and electronics, in East Asia is projected to create new growth opportunities. This growth is pushing the need for a clean and safe working environment, thereby increasing the demand for protective components like filters," Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/19704
Competitive Landscape:
The East Asia safety and process filter industry is moderately consolidated, with leading players accounting for about 45% to 50% share. Parker Hannifin Corporation, Eaton, Freudenberg Filtration Technologies, 3M Company, Donaldson Company, Inc., Pall Corporation, Pentair plc, Filtration Group Company, and Mann+Hummel Group are the leading manufacturers and suppliers of Safety and Process Filters listed in the report.
Recent Developments-
In March 2024, United States-based Filtration Group acquired Universal Air Filter (UAF). This acquisition strengthens the product portfolio and distribution channel of Filtration Group.
In April 2023, Amazon Filters, a United Kingdom-based filter manufacturer, launched a novel mechanical safety interlock. The product can be utilized on four leading process industry housings offered by the company.
Key Company of the East Asia Safety and Process Filter Industry:
Parker Hannifin Corporation
Eaton
Freudenberg Filtration Technologies
3M Company
Pall Corporation
Donaldson Company, Inc.
Pentair Plc
Mann+Hummel Group
Industrial Filter Manufacturers
Industrial Filtration
Merck KGaA
Filtration Group Company
Atmus Filtration Technologies Inc.
Fil-Trek Corporation
Entegris, Inc.
W. L. Gore and Associates, Inc.
ESMIL Group
Sartorius Group
Key Segments of East Asia Safety and Process Filter Industry Report:
By Filter Type:
Activated carbon filters, coalescing filters, back-flushing filters, membrane filters, and metallic cartridge filters are the leading types of filters in East Asia.
By Product Type:
Two dominant types of products are safety filters and process filters.
By Application:
A few leading applications include dust removal, odor removal, toxic gas removal, corrosive gas removal, and other applications.
By End-use:
Leading end-uses are shipyards, refineries and petrochemical plants, chemical processing industries, environmental engineering companies, fuel storage facilities, and others.
By Region:
Information about key countries across East Asia, including China, Japan, and South Korea, is given.
Report Preview: https://www.futuremarketinsights.com/reports/safety-and-process-filter-industry-analysis-in-east-asia
Authored by
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at the Related Report from the East Asia Safety and Process Filter Industry:
The global paper and plastic film capacitors market is poised to surpass USD 2.7 billion by 2023, surging at a remarkable CAGR of 5.4% through 2033 to reach USD 4.5 billion.
Southeast Asia's submersible pump market is expected to reach USD 1,076.8 million in 2032 and showcase steady growth at a CAGR of 5.5% between 2022 and 2032
The global milking equipment market sector is likely to total USD 4.2 billion in 2024, forecasting a CAGR of 5.8% through 2034 to attain USD 7.4 billion.
The global gas detection equipment market size reached USD 3,613.7 million in 2023. Over the forecast period, demand is anticipated to rise at 6% CAGR. The total value is predicted to increase from USD 3,801.1 million in 2024 to USD 6,801.6 million in 2034. The sector is predicted to surge around 1.8X through 2034, amid a 3.5% increase in expected CAGR compared to the historical one.
The global scissor lift market is projected to reach a value of USD 3014.1 million in 2024. The industry is expected to grow at a CAGR of 3.5% during the forecast period 2024 to 2034. The sector, at this growth rate, is estimated to reach USD 4251.7 million by 2034.
The global industrial safety gloves market size is estimated to reach USD 8.7 billion in 2024. The industry is further set to grow at a CAGR of 4.5% through the forecast period. The sector is projected to attain a value of USD 13.5 billion by 2034.
The global non-destructive testing inspection service industry value reached USD 19.3 billion in 2023. Over the forecast period, the sector is anticipated to rise at 7.7% CAGR. The market is predicted to increase from USD 22.4 billion in 2024 to USD 47 billion in 2034.
The United States construction anchor industry size reached USD 2,123 million in 2023. Over the forecast period, demand is anticipated to rise at 5% CAGR. Total industry value is predicted to increase from USD 2,502 million in 2024 to USD 4,080.6 million by 2034.
The global construction material testing equipment (CMTE) industry value reached USD 3 billion in 2023. Over the forecast period, the value is anticipated to rise at 4.9% CAGR. The market is predicted to increase from USD 3.3 billion in 2024 to USD 5.3 billion in 2034.
The market size of ISO tank containers market is set to be valued at USD 254.5 million in 2024. The industry is estimated to rise at a CAGR of 6.3% from 2024 to 2034 to reach a value of USD 470 million by 2034.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter | Blogs | YouTube
SOURCE: Future Market Insights, Inc.