The self-cleaning filters market is expected to grow at a compound annual growth rate of 7.94% over the forecast period to reach a market size of US$8.652 billion in 2027, from US$5.068 billion in 2020.
Self-Cleaning Filters help in the automatic filtration and cleaning of liquids. These filters are employed in various areas of water and sewage treatment, farming, agriculture, food processing, electricity generation, etc., across various industries to achieve the continuous filtration of the product, reduction in the disruption caused in product flow, and reduction in product loss and contamination. For instance, in food processing, self-cleaning filters are used to remove contaminants from the food; in electricity generation, these filters are fitted in turbines to ensure the effective and efficient flow of fluid; in sewage treatment, these filters help to minimize the clogging of the waste treatment piping system, and its application in the area of water treatment ensures that all unwanted particles are removed from the water.
The rising pollution and contamination in water bodies have become one of the major concerns around the globe. Governments and related authorities are taking stringent actions to reduce the contamination in which self-cleaning filters can play an important role. Besides that, strict worker safety regulations are also expected to drive the market in the coming years. The rising population, urbanization, and industrialization are expected to be the primary reasons behind the driving self-cleaning filters market.
One of the major restraints for the market is the volatility in the price of raw material used in these filters and the high installation cost associated with the product.
Industrial water pollution has become a major reason behind the rising contamination levels in the water bodies. Industries release huge amounts of pollutants into the water bodies that can prove dangerous to the water ecosystem and human life as well. According to UN World Water Development Report, 2017, globally, around 80% of wastewater is released into the environment without adequate treatment. Self-Cleaning filters play an essential role in eliminating contamination from effluent and liquid. For instance, water used as a coolant must be treated properly before disposal or re-use. At times fragments of plastics, metal, silt, sand, etc., can be present in the water; therefore, water treatment becomes necessary through the self-cleaning filters. Government and authorities have already launched initiatives like Global Wastewater Initiative by UNEP, Water Resources Management by World Bank Group, etc., worldwide to pay attention to this rising concern which has opened an opportunity for the self-cleaning filter market.
With the rise in urbanization and industrialization, the competition in the market has become tough. Industries today are focusing on the smallest details to achieve long-term benefits of reduction in production cost, quality assurance, etc. Therefore, the role of self-cleaning filters in industries has become necessary in the past few decades as they provide several key advantages like an increase in production capacity, reduced cost of filter replacement and maintenance cost, etc.
For instance, this is usually achieved by the reusability advantage provided by the self-cleaning filters. The treatment of the fluids, liquids, and water at times makes them suitable enough to be reused in the production process hence reducing the wastage and cutting down the production cost as well. Today self-cleaning filters are employed in various industries, including pharmaceuticals, automotive, agriculture, energy, oil and gas, power, etc., due to their various applications and additional benefits.
Besides that, self-cleaning filters have eliminated the need for manual labor, which helps in bringing down the labor costs, and these factors combined can help industries achieve reduced disposal costs. This, therefore, is expected to drive the self-cleaning filter market in the coming years.
One of the major restraints for the self-cleaning filter market is the high cost associated with the product. The primary reason behind this is the volatility in the price of raw materials, which makes the cost of the product high, and therefore its installation becomes unaffordable for various industrial segments. This can hamper the growth of the market in the coming years.
Besides that, the availability of technically trained labor to install the system is also a major challenge for the market, which can serve as a major restraint in the areas that lack this factor.
Impact of COVID-19 Pandemic on the Self-Cleaning Filters Market:
The outburst of the pandemic severely hampered the self-cleaning filter market. The lockdown, lack of labor, curfew regulations, etc., hampered the supply and export chains worldwide which brought an imbalance between the demand and supply chains during the pandemic.
|Market size value in 2020||US$5.068 billion|
|Market size value in 2027||US$8.652 billion|
|Growth Rate||CAGR of 7.94% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Material Type, End-Use, Axis-Direction, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Orival Inc., Russell Finex Ltd., Alfa Laval AB, The 3M Company, Eaton Corporation PLC, Forsta Filters Inc., Parker-Hannifin Corporation, Galaxy Sivtek Pvt. Ltd., Trinity Filtration Technologies Pvt. Ltd., Amiad Water Systems Ltd., Rotorflush Filters Ltd.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the self-cleaning filters market?
A1. The self-cleaning filters market is expected to grow at a CAGR of 7.94% over the forecast period.
Q2. What will be the self-cleaning filters market size by 2027?
A2. The global self-cleaning filters market is expected to reach a market size of US$8.652 billion by 2027.
Q3. What is the size of the global self-cleaning filters market?
A3. Self-Cleaning Filters Market was valued at US$5.068 billion in 2020.
Q4. What factors are anticipated to drive the self-cleaning filters market growth?
A4. The rising population, urbanization, and industrialization are expected to be the major reasons behind the driving self-cleaning filters market.
Q5. How is the self-cleaning filters market segmented?
A5. The self-cleaning filters market has been segmented by material type, end-use, axis-direction, and geography.
Russell Finex Ltd.
Alfa Laval AB
The 3M Company
Eaton Corporation PLC
Forsta Filters Inc.
Galaxy Sivtek Pvt. Ltd.
Trinity Filtration Technologies Pvt. Ltd.
Amiad Water Systems Ltd.
Rotorflush Filters Ltd.
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