According to the new market research report “Portable Filtration Systems Market by End-User
(Power Generation, Manufacturing, Oil & Gas), Flow Rate (0–10, >10–20,
>20–60, >60–100, and Above 100 GPM), Technology (Pressure, Centrifugal,
and Vacuum Filtration), and Region - Global Forecast to 2022”, published by
MarketsandMarkets™, the global portable filtration systems
market is projected to grow at a CAGR of 3.93%, from 2017 to 2022.
The market in Asia Pacific is estimated to be the largest for portable
filtration systems, followed by the market in North America in 2017. This trend
is expected to continue till 2022. The growth of the portable filtration
systems market is driven by the growth in power generation and manufacturing
industries together with stringent environmental regulations around the world.
Browse and in-depth TOC on “Portable Filtration Systems Market”
67 - Tables
33 - Figures
146 – Pages
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The portable filtration systems market is dominated by a
few global players. The key players operating in this market include
Parker-Hannifin (US), Pall (US), Bosch Rexroth (Germany), Eaton (Ireland), and
Donaldson Company (US).
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TOC @
Major strategies adopted by the players include new
product launches, mergers & acquisitions, and investments and expansions.
New product launches was the most commonly adopted strategy from 2014 to
September 2017. Industry players also adopted mergers & acquisitions and
investments and expansions, which were the first and second most widely
followed strategies, respectively, after new product launches during the same
period.
Parker-Hannifin was founded in 1918 and is headquartered
at the US. The company is among the leading manufacturers of industrial
filtration equipment. The key industries targeted by the company for filtration
services are aerospace, food & beverage, industrial machinery, life
sciences, marine, oil & gas, power generation, renewable energy,
transportation, and water purification. Parker Hannifin operates in more than
50 countries through a wide network of distributors and dealers. The company
lines the root of its business through two major business segments, namely,
diversified industrial and aerospace systems. Through its diversified
industrial segment, the company provides portable filter systems, filtration
media, filter carts, and oil conditioning units. In February 2017,
Parker-Hannifin acquired CLARCOR, a leading manufacturer of filtration
products, for approximately USD 4.3 billion in cash. The acquisition of CLARCOR
was a part of Parker-Hannifin’s strategy to provide the company access to new
markets, regional expansion, and aftermarket exposure along with technology and
product expansion. In addition, the company also adopted organic growth
strategy and launched new portable purifiers for the power generation industry
in July 2016.
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Eaton was founded in 1911 and is headquartered in
Ireland. Eaton is a diversified power management company that offers solutions
to manage electrical, hydraulic, and mechanical power. The company caters vast
clientele from different industrial verticals such as oil & gas, power
generation, marine, pharmaceutical, and fine chemicals. The company generates
revenue through five major business segments, namely, electrical products,
vehicle, aerospace, hydraulics and, electrical systems and services. The
company offers filtration products and related services under the hydraulic
business segment. The filtration section that comes under the hydraulic
segment, offer wide spectrum of products such as gas liquid separation,
portable filtration, hydraulic and lubrication oil filters, filtration media,
and filter aids. Eaton operates globally in approximately 60 countries and
caters its massive clientele present in more than 175 countries located in
major regions such as Asia Pacific, Americas, Europe, and the Middle East. The
company has been following the organic strategy by introducing new products in
its portfolio. In June 2016, the company launched its line of spin on filters
that features high dirt holding capacity and ensures protection of various
mechanical equipment such as pumps, valves, compressors, and hydraulic systems
from contamination. This new spin on filter product line serves trouble free
operations in the oil & gas, power generation, construction forestry, and
mining and material handing sectors. Further in April 2016, Eaton also launched
high flow rate application-based filter range called duplex lubrication filters
(DWF) series.
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