Industrial filtration is a significant part of the industrial processes that help in easing operations on the industrial floor by getting rid of the undesired particles and impurities that could affect the safety or performance of industries. Industries are increasingly adopting industrial filtration systems owing to the extensive benefits aligned with them which includes improving air quality at the workspace and filtering unwanted particles thereby improving the quality of manufactured products. Owing to this, the industrial filtration landscape has witnessed major growth over time. Furthermore, the industrial revolution has resulted in a widespread setting up of industries which has greatly boosted the utilization of such industrial filtration systems.
Companies Respond to the Surging Industrial Filtration Demand with Noteworthy Investments
There is a tremendous demand for industrial filtration across the globe, owing to the increasing emphasis given to the industrial filtration process that helps in keeping unwanted particles away from the industrial process and the industrial floor. The robust industrial filtration business is garnering the attention of various companies who, therefore, plan to make significant investments in the industrial filtration landscape. For instance, Ahlstrom-Munksjo, a provider of innovative and sustainable fiber solutions, has continually focused on the filtration business owing to the global demand rise. With respect to this, the company announced a notable investment of EUR 26 million for the purpose of expanding the product capabilities along with the manufacturing capacity. This investment would allow the company to create additional capacity in Italy and Turin and foster the demand growth of state-of-the-art industrial filtration materials. They foresee a notable opportunity to develop unique industrial filtration solutions with this investment.
Next-Gen Industrial Filtration System to Set a Benchmark: Technology to Play a Major Role
Technology has helped various businesses to tap into next-gen solutions that could enable them to offer better solutions for the customers. Technology-enabled solutions are becoming the future of businesses. Simplifying the existing solutions with the help of digitalization, companies are incorporating leading high-end technology into their industrial filtration offerings to differentiate from their competitors. Kemper, for instance, a leading manufacturer of industrial welding exhaust systems, recently launched a new industrial filtration system that offers digitalization. Through an IoT-compatible control module, this new system provides further optimization with respect to energy expenditure, design, and maintenance requirements. This revolutionary solution would help raises the bar of performance pertaining to the digital revolution and efficiency for industrial filtration and extraction systems.
Acquisition to Remain a Key Forward Market Strategy for Recognized Manufacturers
While there are several business developments made by established industrial filtration companies, certain strategies play a major role in the overall growth of the business. An acquisition strategy is one such move that allows businesses to leverage from the expertise and knowledge of other companies.
Donaldson Company, a recognized manufacturer of industrial filtration systems and components acquired an industrial fume and dust extraction technology specialist, BOFA International. Exhibiting continual growth in terms of business and product offerings, BOFA International has continued to move from strength to strength, registering a 23 percent of year-on-year growth. The combined collaboration of BOFA’s portable extraction system range and Donald’s large-scale industrial extraction system portfolio brings many synergies in the frame.
Similarly, Filtemist International, a recognized provider of industrial filtration and extraction systems has acquired Yorkshire-based fume and dust extraction systems provider, DCG Group for a valuation of £6.6 million. With this deal added to the recent series of acquisitions made by Filtermist, the company unwinds future opportunities in the fume and dust extraction space. These acquisitions are backed by an objective for the next five years for increasing their presence in the market. The company aims to combine the strength of their companies to offer customers complete air extraction and industrial filtration solutions.
The industrial filtration landscape has witnessed several such developments in light of the successful adoption of industrial filtration across a broad range of industries. An in-depth market assessment report unveils more such progressions in an industrial filtration research study.
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