Global Portable Filtration Systems Market
The Global Portable Filtration Systems Market was valued at USD 498.32 million in 2016 and is projected to reach USD 702.54 million by 2025, growing at a CAGR of 3.89% from 2017 to 2025.
The Portable Filtration System is a kind of offline filtration unit. The portable units can be moved from one reservoir to a different for union multiple machines. This system can be used to filter nearly any type of hydraulic fluid, including insulating oils, lubricating oils, and coolants. Benefits of portable filtration system includes - compact design, unique, cost efficient, portable, no boiling required, easy to maintain.
1. Market Drivers
1.1 Increasing demand smart filtration
1.2 Increasing rate of manufacturing activities
1.3 Emergence of power generation sector
1.4 Strict environmental regulations
2. Market Restraints
2.1 Availability of cheap alternatives and renewable energy sources
2.2 Changing raw material prices
2.3 Poor product awareness
The Global Portable Filtration Systems Market is segmented on the flow rate, technology, end user, and region.
1. Flow Rate:
1.5 Above 100
2. By Technology:
2.1 Centrifugal Filtration
2.2 Vacuum Filtration
2.3 Pressure Filtration
3. By End User:
3.1 Oil & Gas
3.2 Paper and Pulp
3.3 Power Generation
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
4. Bosch Rexroth
8. Como Filtration
12. Donaldson Company
13. Trico Corporation
14. Filtration Group
15. MP Filtri
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Portable Filtration Systems Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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