What Has Been the Growth Trajectory for the Filtration & Drying Equipment Market in Recent Years?
The filtration & drying equipment market has seen considerable growth due to a variety of factors.
• The market for filtration and drying equipment has seen robust growth in recent years. The market size will surge from $1.94 billion in 2024 to a projected $2.09 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 7.7%. Factors contributing to this significant growth during the historic period include environmental regulations, industrial expansion, upheld quality and safety standards, industralization on a global scale, health and safety considerations, and cost-effectiveness.
What Is The Expected Growth In The Filtration & Drying Equipment Market?
The Filtration & Drying Equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the filtration & drying equipment market is projected to experience significant growth. The market is predicted to reach $2.85 billion in 2029, expanding at a compound annual growth rate (CAGR) of 8.1%.
The growth during this period can be linked to factors such as escalating industrialization, evolving environmental norms, rising demand in developing markets, focus on sustainable practices, and advanced pharmaceutical and biotechnological advancements. The forecast period will be marked by key trends like technological progress, escalated sustainability focus, strict regulatory norms, tailored filtration solutions, globalized supply chains, and hybrid drying technologies.
What Main Forces Are Fueling Expansion In The Filtration And Drying Equipment Market?
The surge in research and development expenditure by the pharmaceutical industry is anticipated to boost the expansion of the filtration and drying equipment market. Research and development comprises the methods businesses utilize to procure data to create new products or innovatively upgrade existing goods and services. Filtration and drying equipment are instrumental in research and development, applied to examine and improve products or procedures prior to commercial application, and to identify material characteristics through microstructural assessment. For example, data from the Office for National Statistics in the UK disclosed that in 2022, UK industries invested £49.9 billion in research and development, marking a 6.4% rise from 2021. Of this total, the pharmaceuticals sector accounted for £9.0 billion or 17.9%. Consequently, the escalation in pharmaceutical research and development spending is fueling the growth of the filtration and drying equipment market.
What Are The Primary Segments In The Global Filtration And Drying Equipment Market?
The filtration & drying equipment market covered in this report is segmented –
1) By Equipment Type: Full Automatic Equipment, Semi-Automatic Equipment
2) By Technology: Centrifuges, Agitated Nutsche Filter-Dyers (ANFD), Other Technologies
3) By End Use: Pharmaceutical, Chemicals, Water And Wastewater Treatment, Food And Beverage, Other End Users
Subsegments:
1) By Full Automatic Equipment: Automatic Filtration Systems, Automatic Drying Systems
2) By Semi-Automatic Equipment: Semi-Automatic Filtration Systems, Semi-Automatic Drying Systems
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Which Key Trends Are Driving Changes In The Filtration And Drying Equipment Market?
Leading firms in the filtration and drying equipment segment are putting their resources into the creation of novel solutions like industrial filtration assistance services. These services are designed to offer swift, customized assistance for industrial filtration mechanisms, enabling clients to promptly identify and solve filtration problems, thus curtailing expenses and augmenting efficiency. In essence, these support services ensure industries are able to maintain and enhance filtration mechanisms, facilitating the effective elimination of pollutants from air, water, and other processes, thereby not only improving operational efficiency but also abiding by environmental laws. A case in point is Cleanova, a British filtration solutions provider, which rolled out Cleanova.CARE in September 2024. This is a service package encompassing in-house tests, aftermarket spares, rent rigs, and skilled support. It aims to offer fast, custom technical support, giving immediate advice and suggestions. Moreover, this service allows the clients to perform filtration checks and discover pollutants without halting production, thus ensuring efficiency without disturbing operational flow.
Who Are the Key Players In The Filtration And Drying Equipment Market?
Major companies operating in the filtration & drying equipment market include:
• GMM Pfaudler Ltd.
• Tsukishima Kikai Co. Ltd.
• Heinkel Process Technology GmbH
• Jaygo Incorporated
• Amar Equipment Pvt. Ltd.
• Shree Bhagwati Machtech Pvt. Ltd.
• Powder Systems Ltd.
• HLE Glascoat Limited
• Charles Thompson Limited.
• Pope Scientific Inc.
• Promas Engineers Private Limited.
• Comi Polaris Systems Inc.
• 3V Tech S.p.A
• Bachiller
• Chem Flowtronics Inc.
• BHS-Sonthofen GmbH
• Komline-Sanderson Engineering Corporation
• ANDRITZ AG
• SPX FLOW Inc.
• Carrier Vibrating Equipment Inc.
• FLSmidth & Co. A/S
• GEA Group AG
• Hosokawa Micron Corporation
• Metso Outotec Corporation
• Nara Machinery Co. Ltd.
• Pneumatic Scale Angelus
• Rosenmund AG
• Swenson Technology Inc.
• TEMA Process B.V.
What Is The Most Dominant Region In The Filtration And Drying Equipment Market?
Asia-Pacific was the largest region in the filtration And drying Equipment market in 2024. The regions covered in the filtration & drying equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
