ID: MRFR/E&P/7207-HCR | February 2021 | Region: Global | 111 pages
A portable filtration system is a mobile unit that is designed for transporting, filtering and dispensing motor oils, hydraulic oils, and other industrial fluids. These systems are designed for mobile uses or other flexible storage locations. Filter carts are utilized in reservoirs with low flow rates. Portable filter systems are adaptable with mineral-based industrial fluids. Portable filters provide a cost-effective solution for maintaining fluid cleanliness and lower contamination in various applications by using the same lubricant.
The Global Portable Filtration System Market size is projected to reach USD 685 Million by 2025, at an approximate CAGR of 4.02%between 2019 and 2025.
The major factors driving the growth of the global portable filtration system market include high investments in power generation capacity and the need for better mobile filtration systems. Additionally, the growing need for smart filtration would create opportunities for the global portable filtration system industry. For instance, smart filter bags and pressure filters for harsh environments in industries would create scope for the growth of the portable filtration system market.
Many major players such as Parker Hannifin, Donaldson Company, Eaton, and Bosch Rexroth are focusing on the development of portable filtration systems with greater efficiency and quality protection for engines. Such players are actively focusing on market entry strategy by developing new products in order to offer the best suitable portable filtration systems. For instance, in November 2019, LG (South Korea) used a portable filter in its first filter-type portable air purifier.
The global portable filtration system market has been segmented based on flow rate, technology, end-user, and region. By flow rate, the global market includes 0-10 GPM, >10-20 GPM, >20-60 GPM, >60-100 GPM, Above 100 GPM. The >10-20 GPM segment is expected to hold a larger share due to its wide application in fluid conditioning systems, in-plant systems, process systems, and others. On the basis of technology, the global market is segmented into pressure filtration, centrifugal filtration, and vacuum filtration. The pressure filtration segment is expected to register the highest CAGR during the forecast period due to its low operating cost as compared to the centrifugal and vacuum filtration system. By the end-user, the global portable filtration system 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 share within the global portable filtration system market owing to the rise in the power generation capacity.
The Global Portable Filtration System Market is expected to register an approximate CAGR of 4.02% during the forecast period.
The Global Portable Filtration System Market is expected to witness high growth during the forecast period owing to increasing investment in the manufacturing sector and stringent government regulations.
By region, the global portable filtration system market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest and fastest-growing regional portable filtration system market, owing to the rising industrialization and growth in power generation capacity.
The Key Players operating in the Global Portable Filtration System Market are Donaldson Company (US), DES-Case (US), MP Filtri (Italy), Pall (US), Bosch Rexroth (Germany), Bakercorp (US), Parker Hannifin (US), Y2K (US), Serfilco (US), Filtration Group GmbH (Germany), Hydac (Germany), Stauff (Germany), Trico Corporation (US), Norman (US), Como Filtration (US), and others.
Frequently Asked Questions (FAQ) :
The diversification of power generation capacity is estimated to guide the development of the market in the imminent period.
A CAGR of 4.02% is estimated to push the development of the market in the upcoming period.
The grossing capability of USD 685 Million is forecasted for the global market by the conclusion of the forecast period.
The lack of awareness is estimated to shape the development of the market in the impending period.
Eaton, Bosch Rexroth and Donaldson Company are estimated to challenge for leadership in the market.