With the increasing demand of global industrial water, the international market scale of large-flow filter element is also expanding rapidly. This paper will analyze the main factors that promote the rapid growth of the international market of large flow filter element.
1. Market status
According to statistics, the global large-flow filter market has reached $27.3 billion in 2020 and is expected to grow to $42.4 billion in 2027, with a compound annual growth rate of about 6%.
The North American market will reach $12.5 billion in 2022, and the European market will exceed US $9 billion in 2025. The Asian markets have maintained rapid double-digit growth.
2. Push factors
Industrial water demand is rising.
With the rapid development of the manufacturing industry and the energy industry, the industrial water consumption in various countries continues to increase. In order to meet the demand of water purification, the demand for large flow filter element increases accordingly.
Urban infrastructure construction was accelerated.
Including water supply facilities, sewage, sewage treatment, etc., a large number of large flow filter elements to improve water quality.
Environmental regulation has continued to strengthen.
Countries have strengthened the supervision of the discharge of industrial pollutants, and the quality of industrial water purification requirements have been improved.
Large-flow filter element technology continues to progress.
The improvement of filtration efficiency and the enhancement of intelligent level can effectively promote the expansion of the demand for large flow filter elements.
To sum up, the main impetus comes from:
Increasing the level of productivity, increase industrial water demand;
The deepening of the urbanization process will increase the demand for infrastructure construction;
Environmental regulatory policies continue to strengthen, requiring the continuous improvement of industrial water quality level;
Large flow filter element related technology continues to progress, optimize the product cost performance.
3. Market development prospects
Global industrial water demand will continue to expand as manufacturing and infrastructure improve.
The filtration efficiency, intelligent level and diversified process application of the large-flow filter element will also be continuously improved.
Therefore, it is expected that the international market of large flow filter element will still maintain the momentum of rapid growth.
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