Global Filtration & Drying Equipment Market Insights Forecasts to 2030
- The Global Filtration & Drying Equipment Market Size was valued at USD 2.2 billion in 2021.
- The Worldwide Market Share is growing at a CAGR of 9.1% from 2022 to 2030
- The Global Filtration & Drying Equipment Market Size is expected to reach USD 3.6 billion by 2030
- Europe is expected to grow the fastest during the forecast period
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The Global Filtration & Drying Equipment Market Size is expected to reach USD 3.6 billion by 2030, at a CAGR of 9.1% during the forecast period 2022 to 2030. The commercial use of filtration and drying equipment, expanding economies, and the quickly changing food sector are the main factors driving the expansion of this industry.
The adoption of various business strategies, advanced technology, and rising R&D expenditures in the pharmaceutical industry, along with the benefits of filtration and drying equipment like high standards and a variety of temperature ranges and types, are expected to drive market growth over the forecast period.
This research report categorizes the market for Filtration & Drying Equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Filtration & Drying Equipment market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Filtration & Drying Equipment market.
Global Filtration & Drying Equipment Market Report Coverage
|Market Size in 2021:||USD 2.2 Billion|
|Forecast Period 2021-2030 CAGR:||9.1%|
|2030 Value Projection:||USD 3.6 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||113|
|Segments covered:||By Technology, By End Use, By Region, COVID-19 Impact Analysis|
|Companies Covered:||GMM Pfaudler, Tsukishima Kikai Co., Ltd., HEINKEL Process Technology GmbH, Jaygo Incorporated, Amar Equipment Pvt. Ltd., Shree Bhagwati Machtech (India) Pvt. Ltd., Powder Systems Limited, HLE Glascoat|
|Pitfalls & Challenges:||Due to the increasing number of COVID-19 cases|
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The pharmaceutical sector is expanding as a result of the rising elderly population in the United States. In addition to the ageing and growing population, the U.S. pharmaceutical sector is expanding due to increased purchasing power and access to high-quality healthcare and medications for families in the global lower and middle classes. The increased focus of pharmaceutical companies on uncommon and specialised diseases is another element causing this expansion. The development of the U.S. pharmaceuticals industry is also being fueled by innovations in the fields of nucleic acid therapeutics, advanced biologics, cell therapies, bioelectronics, and implantable technologies that have attracted non-pharma companies like Facebook, Qualcomm, and others to invest in the sector. The market for filtration and drying equipment is being driven by the aforementioned factors. The main factor driving the speciality chemical market in the US is rapid industrial expansion along with technical improvements in the industrial sector. Additionally, businesses in the US chemical sector are refocusing their efforts on the creation of novel and cutting-edge speciality chemicals as a result of the soaring demand for advanced speciality products.
The formation of large agglomerates is undesirable since it necessitates further size-reduction procedures for processing in the future. As a result, it is anticipated that the market for filtration and drying equipment would experience slower growth.
- In 2021, the Centrifuges segment is dominating the market with the largest market share.
On the basis of technology, the global Filtration & Drying Equipment market is segmented into Centrifuges, Agitated Nutsche Filter-Dyers (ANFD), Others. Among these, the Centrifuges segment is dominating the market with the largest market share. There are many benefits to centrifuges, one of which is that they emit fewer unpleasant scents when dewatering than conventional systems do. This considerably lowers odor-related annoyances and the price of dousing the area in deodorant. Based on their density, fluids, gases, or liquids are separated using centrifuges. By rapidly spinning a container containing the material, the separation is brought about. The heavier components fall to the bottom of the container due to the ensuing forces. When selecting a centrifuge, there are several things to take into account, including the speed regulation range, setting resolutions, centrifuge weight, nominal operating voltage, and power consumption.
- In 2021, the Chemical segment is dominating the market with the largest market share.
Based on the end use, the global Filtration & Drying Equipment market is segmented into Food & Beverage, Chemical, Pharmaceutical. Among these, the chemical segment is dominating the market with the largest market share. Due to their strong chemical resistance and adherence to the pertinent filtration requirements to obtain the highest quality end products, filtration and drying equipment are being adopted more frequently in the chemicals industry.
Regional Segment Analysis of the Filtration & Drying Equipment Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is dominating the market with the largest market share over the forecast period.
Among all other regions, Asia Pacific is dominating the market with the largest market share over the forecast period. Other end-use industries, including as pharmaceutical, chemical, food and beverage, and water and wastewater treatment, are anticipated to boost the market due to increased demand for filtering and drying equipment in these and other end-use sectors.
- In October 2020, The PAC system was introduced by HEINKEL Process Technology GmbH to generate high-quality pharmaceutical products through adaptable filtration processes.
The report offers the appropriate analysis of the key organizations/companies involved within the global Filtration & Drying Equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- GMM Pfaudler
- Tsukishima Kikai Co., Ltd.
- HEINKEL Process Technology GmbH
- Jaygo Incorporated
- Amar Equipment Pvt. Ltd.
- Shree Bhagwati Machtech (India) Pvt. Ltd.
- Powder Systems Limited
- HLE Glascoat
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Filtration & Drying Equipment market based on the below-mentioned segments:
Filtration & Drying Equipment Market, By Technology
- Agitated Nutsche Filter-Dyers (ANFD)
Filtration & Drying Equipment Market, By End Use
- Food & Beverage
Filtration & Drying Equipment Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
Rest of Middle East & Africa
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