As per Future Market Insights, the industrial strainers market is anticipated to attain a value pool of USD 40 billion by 2023-end. Global demand for industrial strainers is expected to rise at a CAGR of 5.8% to USD 70 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 40 billion |
| Projected Market Value in 2033 | USD 70 billion |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
Growing Demand for Customized Strainers: Driving the Industrial Strainers Market
Increasing Focus on Sustainable Manufacturing: Creating Opportunities for the Industrial Strainers Market
Smart Technologies: A Trend Impacting the Industrial Strainers Market
According to research, the Industrial Strainers market is projected to grow steadily across regions, expanding at approximately 5.1 % CAGR over the 2021-2031 forecast period.
The increasing usage of industrial strainers in a variety of applications has led to manufacturers' inclination toward developing cost-optimized products.
Strainers are commonly used in industrial facilities such as manufacturing/processing plants, mills/forges, and refineries where cooling towers are installed which remove heat from machinery, hot process material/fluids, buildings, and other sources by exchanging heat with a coolant such as water or chemical solutions.
When cooling towers are not closed circuit, air and waterborne particles can build, fouling or clogging key downstream gear and processing equipment like chillers, heat exchangers, spray nozzles, and small-bore pipework in cooling circuits. If not addressed properly, this can have a substantial impact on the industrial facility's process efficiency and uptime.
Traditional cooling tower filtration systems exist, but they have substantial downsides in terms of reliability, labor-intensive cleaning/change out, and downtime.
As a result, the industry has developed industrial strainers specific to such requirements of manufacturing industries which are substantially more reliable and efficient. Multi-element, self-cleaning strainers can now aid to improve cooling and process efficiency while reducing maintenance and downtime.
Basket strainers are critical in the wastewater treatment process. Depending on the mesh or perforation employed, they can remove particles and dirt to varied degrees. This permits trash to be filtered out in phases so that one filter does not become clogged. Strainers are employed in a variety of industries.
Basket strainers are an important part of the production process for a range of food and beverage companies. For sensitive applications like this, Eaton has a number of FDA-approved alternatives.
The petroleum business relies on high-cost machinery to process oil and gasoline. Basket strainers are extremely useful in refineries and processing plants because they can remove dirt while also protecting equipment from damage.
The type of industrial strainer utilized in automotive applications is determined on the product and the stage of production. An industrial oil strainer is a necessary aspect of the process when dealing with slippery, viscous liquids. Different strainer types may be used for other vehicle fluids, such as antifreeze.
Manufacturers have introduced automatic self-cleaning strainers to the market to address the time-consuming maintenance process. In addition, new trends in strainers are driving market growth in the region. Electric motor-driven strainers and revolving screen strainers are some of these introductions.
They're backed by tubular backwashing and mechanical cleaning technologies that require less maintenance and let the fluid process run more efficiently.
Manufacturers in United Kingdom, are developing strainers made of various materials and joint types which are also differentiated based on the type of application.
However, a surging trend in the adoption of polymer-based strainers is preferred by end-users in Europe. A greater number of market participants from Europe are eyeing Eastern markets.
The demand from end-use industries across Asia-Pacific region is expected to play an important role in overall market development. Several end-use industries in India and ASEAN countries like chemical processing industry, food & beverage industry and general manufacturing industries are rapidly evolving to cater to new demand trends.
In India, the developments in filtration systems market will also be influential to shape the overall regional dynamics. Manufacturers in China are deploying low cost strainers to end-users.
Some of the leading manufacturers and suppliers include
The rising demands from various industries has put forth challenges for strainer manufacturers to respond earliest to the changing demands. The manufacturers need to perform in an extremely competitive environment and they are focusing to retain their existing customers. The market leaders are striving to operate in cyclical industries such as oil and gas, construction, transportation and mining.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Industrial Strainers Market
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