Pune, India -- (SBWIRE) -- 02/21/2018 -- According to New research Report The Global Filtration and Contamination Control Market accounted for USD 40.5 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Filtration and Contamination Control Market By Geography, Filtration Type (Liquid, Air), Customer Type (Aftermarket, OEM), Application (Engine {On Road, Agriculture, Construction, Mining & Marine}, Industrial {Industrial Machinery, Oil & Gas, Aerospace, Gas Turbine, Power Generation}) - Industry Trends and Forecast to 2024

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Market Analysis:

The report for filtration and contamination control market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is Filtration and Contamination Control in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyse and do more affective investments.

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TOP Key Players :

- Mann+Hummel Holding GmbH,

- Donaldson Company, Inc.,

- Cummins Inc.,

- Parker-Hannifin Corp.,

- Pall Corporation,

- Clarcor Inc.,

- Filtration Group Corporation,

- Eaton,

- Hydac International GmbH,

- Ceco Environmental Corp.,

- Damen Technical Agencies B.V.,

- Clear Edge,

- The Lee Company,

- Camfil Group,

- among others.

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Market Defination:

Filtration and contamination controls are highly significant in industrial processes and automotive sector. The continuous need for reducing the level of contamination in liquids and fuel to enhance the performance of the equipment is of utmost importance to meet the high quality of the products. These products are being widely incorporated in multiple verticals to reduce the operating cost by eliminating the amount of wastage and thus increasing the service life of equipment. The market is significantly being driven by the higher efficiency performance products, and stringent environmental regulations. However, the emerging alternatives such as electric vehicles restrain the growth of the market.

Market Segmentation:

The filtration and contamination control market is segmented on the basis of filtration type into liquid filtration, and air filtration.

On the basis of customer type:

- Aftermarket

On the basis of application:

- Engine

The industrial segment is further sub-segmented:

- road, agriculture

- construction

- mining & marine.

The engine segment is further sub-segmented:

- industrial machinery,

- oil & gas,

- aerospace,

- gas turbine,

- power generation,

On the basis of geography:

North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Major Market Drivers & Restraints:

- Increasing demand for on-road and off-road applications

- Increasing usage of higher efficiency performance products

- Stringent environmental regulations

- Technological advancements in filtration technology

- Emerging alternatives such as electric vehicles

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