Global Portable Filtration Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global portable filtration systems market in its upcoming report titled, “Global Portable Filtration Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global portable filtration systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global portable filtration systems market report has been segmented on the basis of flow rate, technology, end user, and region.

Portable filtration systems are used to filter any type of hydraulic fluids such as coolants, lubricating oils, and insulating oils. The liquid that goes through portable filtration system is known as the filtrate. Portable filtration systems consist a compact, lightweight water pump that filters impurities to improve quality of fluid.

Growing demand for portable filtration systems in power plants is a key factor driving growth of the global portable filtration systems market. In addition, stringent environmental regulations for treatment of wastewater has led to an increase in adoption of portable filtration systems by various end use industries. This is another factor expected to fuel growth of the global portable filtration systems market over the forecast period. Moreover, increasing oil drilling activities across the globe has resulted into high demand for portable filtration systems which is another factor expected to boost growth of the global market to a significant extent.

However, high costs associated with production of portable filtration systems is a major factor restraining growth of the global portable filtration systems market. Additionally, growing demand for renewable energy sources is another factor expected to hamper growth of the global portable filtration market to a certain extent.

The market in Asia Pacific is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to rapid industrialization and growing power plant projects in emerging economies such as China, Japan, India, etc. The markets in North America and Europe are expected to register significant growth in the target market, owing to presence of prominent manufacturing facilities in countries in the region. Moreover, the market in Middle East & Africa is projected to register moderate growth over the forecast period, owing to increasing number of petrochemical industries in the region.

Global portable filtration systems market segmentation:

By Flow Rate (US GPM):

• 0–10
• >10–20
• >20–60
• >60–100
• Above 100

By Technology:

• Pressure Filtration
• Centrifugal Filtration
• Vacuum Filtration

By End User:

• Power Generation
• Manufacturing
• Oil & Gas
• Petrochemicals
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa