Coalescing Filter Market Size, Share & Industry Analysis By System Configuration (One Stage Separation (Simplex Arrangement), Two Stage Separation (Duplex Arrangement)), By End-User (Oil & Gas, Petrochemical, Refining, Power Generation, Pulp & Paper, Mining, Others) Others and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The oil & gas industry is the principal driver of the world’s economy, which goes through a significant transformation with consistent investment, expansion, and mergers and acquisitions. Coalescing filter removes water aerosols and droplets from gas. These filters are used in oil-free air for applications such as spray painting, pneumatic instrumentation, air gauging, printing and packaging. An increase in demand for energy, modernization in technology, and consistent investments are the major factors leading to the growth of the oil & gas industry. The booming transition in energy and subsequent investment by the investors to uphold the market potential leverages the oil & gas sector at peaking heights. There has been an increase in investments in production and exploration activities and refining projects which drives the demand for the coalescing filter, thereby increasing the market growth during the forecast period.
Key Market Driver -
Increasing investments in oil & gas industry
Key Market Restraint -
High Investment in R&D process
The coalescing filter market is segmented into system configuration and end-user. Based on system configuration, the market is categorized into one stage separation (simplex arrangement) and two-stage separation (duplex arrangement). The end-user segment is further segmented into oil & gas, petrochemical, refining, power generation, pulp & paper, mining, and others. Oil & gas and refining segment are expected to hold the largest market share owing to increasing oil exploration and production activities across the globe.
The rising investment and increasing production & exploration activities in the oil & gas industry boost market growth during the forecast period. There has been a significant increase in investments in the refining and petrochemical sector which helps to propel the demand for coalescing filters during the forecast period. Increased focus on the mining industry and a strong focus for investments by the stakeholders into the mining projects also accelerates the demand for coalescing filter market during the projected period. Strong focus on R&D to improve the filtration process holds a promising opportunity for the growth of the coalescing filter market during the projected period.
Key Players Covered:
The key players operating in the coalescing filter market are Sulzer, Filter Concept Pvt. Ltd., Central Filter Mfg. Co., Ltd., John Brooks Company Limited, The Hilliard Corporation, Zebra Skimmers Corp, Tenco Hydro, Gaumer Process, Drytech Engineers, Parker Hannifin, Hydraulics & Pneumatics, and Pall Corporation.
Regional Analysis:
The coalescing filter market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is dominating the coalescing filter market owing to increasing investment in oil production and exploration activities and rising demand from oil & gas companies for refining the oil & minerals from the mix.
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Middle East & Africa also holds substantial potential for the growth of the coalescing filter market owing to significant growth in oil & gas sector and rising investments in mining industry. For instance, in 2018, South African mining industry had planned to invest more than USD 2,916.76 billion in mining projects. Hence, growing commodity prices along with increased market capitalization and an uptick trends in key activities such as financing, exploration, as well as mergers and acquisitions helps the market to grow at a faster pace during the forecast period.
Segmentation
ATTRIBUTE | DETAILS |
By System Configuration |
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By End-User |
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By Geography |
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Key Industry Developments
- In November 2019, Hydraulics & Pneumatics company had launched a new pneumatic coalescing filters which are suitable for pneumatic air supply applications. This helped the company to strengthen its product portfolio in the global coalescing filter market
- In April 2019, Atlas Copco introduced a UD grade oil coalescing filter which produces filtration rate at 40% less pressure drop. This enabled the company to strengthen its product offerings to compete in the global market
- Ongoing
- 2023
- 2019-2022
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