Market Overview:
The global Filtering Tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for filtration tanks in food processing and petrochemical industries. Additionally, rising awareness about hygiene and safety is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe and North America.
Product Definition:
A filtering tank is a container used to store and filter water before it is supplied to a household or other users. The importance of filtering tanks is that they help remove contaminants from the water supply, making it safer for consumption.
Manual:
Manual filters are used to remove particles from gas or liquid. They can be used for both water and air filtration systems. The system is composed of a filter media, usually a cloth or fiber that is held in place by an inertial separator, vacuum cleaner bag, or some other type of physical barrier so that the media cannot absorb contaminants until the desired flow rate is achieved.
Fully Automatic:
Fully automatic is a process in which the material is fed into a hopper, after that it goes through an auger, and then it drops into the filter media where the material is separated based on size. In case of small particles like sand or silt, water is forced at high pressure through these filters by using impellers. The rate of flow can be regulated by controlling volume as well as pressure in some cases.
Application Insights:
Petrochemical industry is expected to emerge as the fastest-growing application segment over the forecast period. Petrochemical industry involves chemical processing, which requires a large number of filters to be replaced or serviced frequently. The global demand for filtering equipment in petrochemical plants has witnessed significant growth due to rising environmental regulations and standards that emphasize on reducing emissions from these plants.
The food processing segment accounted for a substantial share in 2015 and is projected to witness steady growth over the forecast period owing to rapid urbanization coupled with increasing disposable income levels in developing countries such as India and China. In addition, stringent government regulations regarding water treatment are anticipated drive demand further driving overall market growth during the study period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for food and beverages, industrial chemicals, pharmaceuticals, and others in emerging economies such as China and India. In addition, rising disposable income levels coupled with a growing population will drive product demand in this region.
The Middle East & Africa is projected to be one of the largest consumers of global filtering tanks owing to its flourishing oil & gas industry that requires extensive processing of crude oil before it becomes suitable for consumption by downstream industries or end-users. Moreover, rapid development in upstream activities along with large scale investments from foreign players are anticipated to fuel market growth over the coming years.
North America accounted for more than 15% share of global revenue in 2017 due to high product penetration across various end-use industries such as food & beverage; petrochemical; power generation; etc.
Growth Factors:
- Increasing demand for water filtration in various industries
- Growing awareness about the benefits of using filtered water
- Rising concerns over the quality of drinking water and its impact on health
- Technological advancements in filtration systems and increasing demand for better-quality water
- Growing popularity of home filtration systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Filtering Tank Market Research Report
By Type
Manual, Fully Automatic
By Application
Food Processing, Petrochemical Industry, Others
By Companies
Alemite, Argo-Hytos, Comap Srl, Eurospray, JBI Techniques, Mat Filtration Technologies, Nordic Water Products AB, OMT, Toro Equipment, TÜRköz Machinery, Valco Melton, Virto-Cuccolini
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Filtering Tank Market Report Segments:
The global Filtering Tank market is segmented on the basis of:
Types
Manual, Fully Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing, Petrochemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alemite
- Argo-Hytos
- Comap Srl
- Eurospray
- JBI Techniques
- Mat Filtration Technologies
- Nordic Water Products AB
- OMT
- Toro Equipment
- TÜRköz Machinery
- Valco Melton
- Virto-Cuccolini
Highlights of The Filtering Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual
- Fully Automatic
- By Application:
- Food Processing
- Petrochemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Filtering Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A filtering tank is a device used to remove contaminants from water. It can be a simple container, such as a plastic jug or bucket, or it can be more complex, such as an industrial filter system.
Some of the major companies in the filtering tank market are Alemite, Argo-Hytos, Comap Srl, Eurospray, JBI Techniques, Mat Filtration Technologies, Nordic Water Products AB, OMT, Toro Equipment, TœRk¶z Machinery, Valco Melton, Virto-Cuccolini.
The filtering tank market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Filtering Tank Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Filtering Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Filtering Tank Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Filtering Tank Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Filtering Tank Market Size & Forecast, 2018-2028
4.5.1 Filtering Tank Market Size and Y-o-Y Growth
4.5.2 Filtering Tank Market Absolute $ Opportunity
Chapter 5 Global Filtering Tank Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Filtering Tank Market Size Forecast by Type
5.2.1 Manual
5.2.2 Fully Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Filtering Tank Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Filtering Tank Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Petrochemical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Filtering Tank Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Filtering Tank Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Filtering Tank Analysis and Forecast
9.1 Introduction
9.2 North America Filtering Tank Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Filtering Tank Market Size Forecast by Type
9.6.1 Manual
9.6.2 Fully Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Filtering Tank Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Petrochemical Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Filtering Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Filtering Tank Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Filtering Tank Market Size Forecast by Type
10.6.1 Manual
10.6.2 Fully Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Filtering Tank Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Petrochemical Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Filtering Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Filtering Tank Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Filtering Tank Market Size Forecast by Type
11.6.1 Manual
11.6.2 Fully Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Filtering Tank Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Petrochemical Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Filtering Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Filtering Tank Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Filtering Tank Market Size Forecast by Type
12.6.1 Manual
12.6.2 Fully Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Filtering Tank Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Petrochemical Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Filtering Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Filtering Tank Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Filtering Tank Market Size Forecast by Type
13.6.1 Manual
13.6.2 Fully Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Filtering Tank Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Petrochemical Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Filtering Tank Market: Competitive Dashboard
14.2 Global Filtering Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alemite
14.3.2 Argo-Hytos
14.3.3 Comap Srl
14.3.4 Eurospray
14.3.5 JBI Techniques
14.3.6 Mat Filtration Technologies
14.3.7 Nordic Water Products AB
14.3.8 OMT
14.3.9 Toro Equipment
14.3.10 TÜRköz Machinery
14.3.11 Valco Melton
14.3.12 Virto-Cuccolini
