Portable Filtration System Market Share 2021: Comprehensive...

Portable Filtration System Market Share 2021: Comprehensive Analysis, Business Opportunities

Posted 2021-05-28 11:08:13

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Market Highlights

Global Portable Filtration System Market share is projected to be valued at USD 685 Million by 2025, with 4.02% CAGR during the forecast period, 2019–2025. The portable filtration system s majorly used for the separation of solid particles. This system is also equipped with high efficiency, high capacity elements that are capable of removing contamination.

In 2018, Asia-Pacific dominated the global portable filtration system market in terms of share: MRFR

The global market for portable filtration system has been segmented into five regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific market is expected to hold the largest market share in the global portable filtration system market during the forecast period. The region is also expected to register the highest growth rate due to the increasing power generation capacity in India, China, and other South-East Asian countries. According to Construction Intelligence Council (CIC), Asia Pacific has the largest power generation construction investments worth USD 4.66 trillion. Moreover, rising industrialization and urbanization also led to an increase in the growth of the portable filtration system market in this region. Hence, increasing renewable energy projects in Asia-Pacific drives the global portable filtration system market and is expected to be the fastest-growing region during the forecast period.

The portable filtration system market in Europe is expected to be dominated by Germany owing to the increase in power generation capacity. For instance, there has been a continuous increase in power generation, with fossil fuel electricity generation being more efficient in Germany.

The portable filtration system market in North America is dominated by the US owing to the increasing demand for mobile filtration systems to be used for industrial applications. For instance, Parker Hannifin (US) manufactures and supplies portable filtration systems for various industrial applications which drives the portable filtration system market in the US during the forecast period.

The global market for portable filtration system has been segmented based on flow rate, technology, end-user, and region. By flow rate, the global market has been divided into 0-10 GPM, >10-20 GPM, >20-60 GPM, >60-100 GPM, Above 100 GPM. The >10-20 GPM segment is expected to dominate the global market and is likely to register the highest CAGR. Based on technology, the global market is segmented as pressure filtration, centrifugal filtration, and vacuum filtration. The pressure filtration segment is expected to grow with the highest CAGR during the forecast period. By the end-user, the market has been segmented into power generation, manufacturing, oil & gas, paper & pulp, petrochemicals, and others. The power generation segment is expected to hold the largest market share during the forecast period.

The Global Portable Filtration System Market is expected to grow at 4.02% CAGR during the forecast period.

Key Players

The Key Players operating in the Global Portable Filtration System Market are DES-Case (US), Donaldson Company (US), MP Filtri (Italy), Como Filtration (US), Pall (US), Bosch Rexroth (Germany), Y2K (US), Bakercorp (US), Parker Hannifin (US), Serfilco (US), Filtration Group GmbH (Germany), Hydac (Germany), Stauff (Germany), Trico Corporation (US), Norman (US), and others.

Scope of the Report

This report provides an in-depth analysis of the global portable filtration system market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global portable filtration system market by flow rate, technology, end-user, and region.