Home > Industrial Machinery > HVAC > Filters > Filtration Market
Filtration Market was valued at around USD 50.5 billion in 2023 and is estimated to register a CAGR of around 4.9% between 2024 and 2032.
Global governments and regulatory bodies are increasingly enforcing stricter environmental regulations, specifically targeting air and water pollution. Industries must now adopt advanced filtration systems to comply with these regulations, aiming to curtail emissions and effluents. Simultaneously, heightened public awareness of the health risks associated with pollution is fueling a surge in demand for filtration systems across residential, educational, commercial, and public settings.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Filtration Market Size in 2023: | USD 50.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.9% |
2032 Value Projection: | USD 77.4 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 310 |
Tables, Charts & Figures: | 365 |
Segments covered: | Type, Filter, Filter Media, Application, Distribution Channel, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Small and medium-sized enterprises (SMEs) and developing regions often face a significant barrier when it comes to adopting advanced filtration systems due to their high initial capital requirements. The costs extend beyond the initial investment and encompass expenses for infrastructure modifications, specialized labor, and ongoing maintenance, including filter replacements and system cleaning, all of which contribute to the operational costs.