Industrial Filtration Market Trends
Sustainability and digitalization are two trends driving the industrial filtration market in Europe.
- Attempts at promoting sustainability, controlling, and reducing greenhouse gas emissions from production plants have led to the implementation of stringent regulations in Europe, such as the Kyoto Protocol, Euro V, and Euro VI.
- Government organizations such as the EU Emission Standards have designed specific regulations and guidelines to "improve safety and reduce environmental and health hazards."
- As such, manufacturers are increasingly focusing on ways to promote cleaner production processes. Specific industries are turning to the use of filters to protect their machinery and equipment, as well as to improve its shelf-life.
- This trend is driving more manufacturers to install filters and increasing the replacement frequency of filters in compliance with government regulations. It is expected to drive increased demand for filtration systems and aid market growth.
- Fluid filters are expected to see a surge in demand in automotive, industrial, and defense applications. This growth is due to benefits such as "providing clean fluids to improve the oil recovery process efficiency and protecting the equipment parts."
- Cummins is following a two-year test and development program to meet Euro VI regulations to achieve "nearer-to-zero emissions."
- The growing trend of digitalization in advanced techniques/digitalized processes involving compact electric circuits, semiconductors, and sophisticated software drives market stakeholders to invest in research and improve industrial filtration products to match the "increased capacity and improved filtration performance" needs in certain industries.
- For example, the healthcare industry is experiencing transformative advances that prompt the use of filtration technologies such as microfiltration and ultrafiltration (rather than chemical technologies) to operate technologically advanced devices required for diagnostic and medicine research.
- This trend would most likely be seen in technologically advanced regions such as Europe and North America.
- In the automotive aftermarket, the high rate of adoption of advanced technologies when fabricating auto parts is expected to drive the market in Europe. Also, the increasing level of digitalization in component sales in the region will place Europe with the second-largest share of the automotive aftermarket behind the Asia-Pacific.
- Several technological advancements in the industrial filtration market in Europe are employed to save costs and improve quality.
- Freudenberg Group invested €8.5 million to develop a new training facility for trainees to obtain firsthand experience of industry digitalization and automation trends. This facility is available to its Freudenberg Filtration Technologies division. The company's digitalization in industrial air filtration includes the networking of indoor air monitoring, which aims to minimize energy use and realize significant cost savings.
- Hella KGaA Hueck & Co., is a German automotive parts supplier that established a unit (Mobility Solutions) to promote digital business models in the aftermarket category.
In providing trends in the industrial filtration market in Europe, we found little information specific to replacement/aftermarket filters alone. However, once we identified that government regulations regarding sustainability and the emission of greenhouse gases were driving the replacement frequency of filters, we expanded our research to all industrial filters to provide more insights. Similarly, we identified digitization as the primary reason for the growth of the automotive aftermarket (which includes fluid and air filters) in Europe and expanded to all industrial filters.