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The global portable filtration system market size was valued at USD 463.98 million in 2023. The market is projected to grow from USD 491.80 million in 2024 to USD 710.95 million by 2032, exhibiting a CAGR of 4.71% during the forecast period.
Portable filtration systems are utilized for the treatment of almost any hydraulic fluid, ranging from lubricating oils to insulating oils. The main advantage of these systems is their ability to work offline. These filtration systems can be used at the desired location to prevent the entry of unwanted elements into the liquid.
The impact of the COVID-19 pandemic on the market was negative as it decreased the requirement of these systems in many end-use industries due to various factors. These include supply chain disruptions, unavailability of workforce, and hindrance in manufacturing activities owing to lockdowns or social distancing norms. The temporary shutdown of industries, such as manufacturing, oil & gas, petrochemicals, and automotive around the world led to a decrease in the total revenue of the market during 2020-21 due to low demand for portable filtration systems. For instance, OPEC+ reduced its combined oil production by 1.7 million barrels per day (bpd) from the start of 2020.
Rising Efforts to Curb Emission and Limit Waste to Enhance Market Growth
Governments and environmental agencies globally are enforcing stringent regulations to minimize pollution and environmental impact. These regulations will limit the amount of contaminants released into the environment from industrial processes. Portable filtration systems help industries comply with these regulations by ensuring that hydraulic fluids remain clean and contaminants are effectively removed. Additionally, companies are increasingly adopting sustainable practices to reduce their environmental footprint. Using moveables filtration systems to clean and recycle hydraulic fluids reduces the need for new fluids, conserving natural resources and decreasing the environmental impact associated with the production and disposal of hydraulic fluids.
Furthermore, many organizations are committed to CSR initiatives, which include reducing environmental impact and promoting sustainability. Installing these filtration systems aligns with these CSR goals by minimizing fluid waste and promoting the reuse of resources.
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Rise in Oil & Gas Production and Exploration Activities to Enhance Product Demand
The global need for oil and gas is growing considerably due to the population's high dependence on hydrocarbon-based energy sources for transportation, electricity generation, industrial processing, and heating. According to the U.S. Energy Information Administration, the global liquid fuel consumption increased from 99.9 mbd in 2022 to 101.9 mbd in 2023. This has led to a rise in the exploration and drilling of new oil and gas wells.
A portable filtration system has been one of the important components to enable the continuity of oil & gas production and exploration activities. In remote or offshore locations where centralized maintenance facilities are sparse, these systems facilitate on-site maintenance and operations, eliminating the need for transporting extensive equipment. It enables the operators to conduct essential tasks, such as fluid filtration, contamination control, and fluid replenishment directly at the point of use, thereby minimizing downtime and ensuring operational continuity.
Rising Industrialization and Urbanization to Fuel Market Growth
The growth in industrialization and urbanization worldwide due to the surge in population, economic growth, increasing FDI, and other factors have led to the expansion of the market during the historical period. As per UNCTAD's report for 2023, the global Foreign Direct Investment (FDI) increased from around USD 962 billion in 2020 to about USD 1.3 trillion in 2022. An increase in industrial activity directly results in growth in the adoption of new machinery and equipment for their utilization in factories and manufacturing units. These machines require clean oil to keep them running smoothly and reduce their wear and tear.
Urbanization, on the other hand, necessitates the development of extensive infrastructure, power generation, and transportation networks, which rely on heavy machinery and equipment that need effective oil filtration. The growing energy demand in urban areas will also drive the adoption of portable filtration systems in power plants for their use in motors, turbines, generators, and other components.
High Cost and Frequent Maintenance to Limit Market Growth
The initial purchasing cost of a portable filtration system acts as a restraining factor for many potential users, particularly in resource-constrained environments or for individuals and organizations operating on limited budgets. The development of advanced filter materials and technologies, coupled with the engineering required to design compact and efficient systems, contributes to higher manufacturing costs. These costs are passed on to consumers, making the initial investment in this system a barrier to access for some communities or individuals who stand to benefit greatly from clean water solutions.
Moreover, ongoing maintenance requirements further add to the overall cost of ownership and pose logistical challenges, particularly in remote or hard-to-reach areas where access to replacement parts or servicing is limited. Moveable filtration systems require regular cleaning, filter replacement, and occasional repairs to ensure continued effectiveness and reliability. Thus, the high initial costs, coupled with significant maintenance costs, are restraining the portable filtration system market growth.
Pressure Filtration Holds Dominant Market Share Owing to Higher Efficiency
Based on technology, the global portable filtration system market is divided into pressure filtration, centrifugal filtration, and vacuum filtration.
The pressure filtration segment holds the dominant share of the market owing to its efficiency in removing solid particles from fluids under high-pressure conditions. It is commonly used in applications where rapid filtration and high throughput are required.
The vacuum portable filtration system segment is witnessing the fastest growth in the market. Vacuum filtration systems rely on suction or vacuum pressure to draw fluid through a filter medium, effectively separating solids from liquids. They are often used for applications where gentle filtration is required.
0-10 GPM Holds Major Market Share Owing to Strong Demand Among End-Use Industries
Based on flow-rate, the global market is segmented into 0-10 GPM, 10-20 GPM, 20-60 GPM, 60-100 GPM, and above 100 GPM.
The 0-10 GPM segment holds the major share of the market and is expected to grow at the fastest rate during the forecast period as well owing to its growing application in equipment, such as hydraulic systems, gearboxes, small hydraulic power units, laboratory equipment, and others.
Portable filtration systems with flow rates in the 10-20 GPM range are the second-leading segment, catering to medium-sized equipment and systems, including medium-sized hydraulic systems, compact hydraulic power units, and smaller industrial machinery.
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Power Generation Accounts for Majority Market Share Due to Continuous Operation of Machineries
Based on end-user, the market is segmented into power generation, manufacturing, oil & gas, petrochemicals, paper & pulp, and others.
The power generation segment holds a leading share of the market. Power generation facilities, including both conventional and renewable energy sources, such as fossil fuel power plants, nuclear power plants, and wind farms, require portable filtration systems for applications, such as turbine oil filtration, coolant filtration, and hydraulic fluid filtration. In addition, equipment or machinery, such as turbines and generators run continuously, further leading to increased risk of degradation, and thus, requiring moveable filtration systems.
The oil & gas segment is witnessing the fastest growth in the market owing to large-scale production and exploration activities taking place in deep and ultra-deep water. The production of oil and gas in these areas requires machinery and equipment of high power, which further necessitates the use of portable filtration systems. These systems are used for ensuring the integrity and performance of equipment and machines throughout the oil and gas value chain.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America Portable Filtration System Market Size, 2023 (USD Million)
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North America is the leading region in the global portable filtration system market share. It is due to the high requirement for moveable filtration systems from the power, oil & gas, and manufacturing industries in the U.S. and Canada. Both countries have been some of the largest power-generating and oil & gas-producing nations across the globe. In addition, these countries engage in high offshore operations, which has contributed to an increasing demand for these filtration systems.
Asia Pacific is growing at the fastest rate in the market owing to the high rate of industrialization in the region. China, Indonesia, and India are among the leading nations which are witnessing robust growth in the industrial sectors. Moreover, the region is also experiencing considerable population growth, further contributing to the growth of the industrial sectors to fulfill the high domestic demand for food, petroleum products, and power. Other regions are also gaining traction in the market due to the expansion of power generation capabilities, oil & gas production, and other factors that require huge machinery and equipment.
Europe also holds a notable share of the market due to the high presence of chemical & petrochemical manufacturing countries in the region, with Germany, France, Italy, and others being the key players. Moreover, the region consists of huge manufacturing industries, such as automotive, aerospace, and machinery, which is also supporting the expansion of the regional market.
The Latin America portable filtration system market is expected to grow at a steady rate due to the considerable expansion of the region’s manufacturing and chemical sectors, including the petrochemical industry, driven by rising FDI in countries, such as Brazil, Mexico, Argentina, and Peru.
The Middle East and Africa are experiencing notable market growth, with GCC countries and others in the region expanding their construction activities to meet visionary targets, such as Saudi Vision 2030 and Abu Dhabi Vision 2030. These targets emphasize the expansion of the IT, manufacturing, and tourism industries, thereby fueling construction and boosting the product demand.
Leading Players Are Increasing Their Product Portfolio to Cater to Wide Range Of End-Users
Pall Corporation has a major share in the market due to its high-performance cartridge filters with advanced pleat pack designs, offering excellent cleanliness and dirt-holding capacity. The company continually invests in R&D to develop innovative, high-quality filtration solutions. For instance,
The report provides a detailed analysis of the market and focuses on key aspects, such as leading companies, product/service types, and leading applications of the product. Besides, it offers insights into the market trends and highlights key industry developments. In addition to the factors listed above, the report encompasses several factors that have contributed to the growth of the market in recent years.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 4.71% from 2024 to 2032 |
Unit | Value (USD Million) |
Segmentation | By Technology
By Flow-Rate
By End-User
By Region
|
A study by Fortune Business Insights states that the global market was valued at USD 463.98 million in 2023.
The global market is projected to record a CAGR of 4.71% over the forecast period.
The North America market size was valued at USD 222.84 million in 2023.
Based on end-user, the power generation segment holds a dominating share of the global market.
The global market size is expected to reach a valuation of USD 710.95 million by 2032.
Expansion of oil & gas production and exploration activities is one of the key factors propelling the market growth.
Pall Corporation, Parker Hannifin, HYDAC, and Donaldson Company are some of the top players actively operating across the market.
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