Porous devices that are used to remove suspended impurities and foreign particles from liquid or gas are called filters and the process is called as filtration.
Stringent government laws and regulations towards emission of greenhouse gases is a major factor boosting demand for filters market from various end-use industries such as chemical and manufacturing. In addition, increasing automotive sales across the world is another factor further propelling growth of the global filter market. However, high maintenance cost of industrial filters and low service life are challenges faced by the global market.
The global filter market is segmented on the basis of product type, application, and region. On the basis of product type, the global market is segmented into fluid, IC engine, and air. Among them the IC engine filter segment accounts for highest revenue share in the target market.
On the basis of application, the global market is segmented into automotive, consumer applications, utilities, industrial & manufacturing, and others. The automotive segment accounts for highest market share in terms of revenue and is expected to maintain its dominance over the forecast period in the global market.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to witness highest growth in the global filter market over the forecast period. This growth can be attributed to increasing sales of automotive and rapid industrialization in countries such as China, India, Japan, etc. The market in North America is expected to account for significant market share in terms of revenue by 2026, whereas the market in Europe is expected to witness considerable growth over the forecast period.
Key players in the global market are Parker Hannifin Corporation, Freudenberg Filtration Technologies, MANN+HUMMEL, Cummins Filtration, Donaldson Company Inc., Eaton Corporation Plc, Affinia Group Intermediate Holdings, Inc., Pall Corporation, Mahle International GmbH, Alfa Laval, and other prominent players.