NEWS RELEASE February 2023
Celeros is Pursuing a $4 billion Filter Market
Celeros is a $ 400 million spin off from SPX Flow. Pumps, valves and filters were included. The spinoff was for power and energy products.
Mcilvaine has custom analyses for each segment.
Mcilvaine has determined that the Serviceable Available Market for the filtration segment is $ 4 billion/yr.
There is a unique focus on niches in between the least and most. Celeros is pursuing the Goldilocks portion of the market.
The applications covered are upstream, mid-stream, refining, power, general industry and naval. There are separate forecasts through 2028 by country for ten products including air coalescers, liquid coalescers. cartridge filters, automatic filters, spin filters, intake filters, compressor filters, activated carbon, particulate filters, and mist eliminators.
Each of the products is unique. In general, they follow the Goldilocks principle of serving a relatively small market in between least and most. For example, strainers are the least efficient and filter presses the most efficient. The Celeros Automatic filter is designed to fill that 25 - 150 micron void.
Celeros Targeted Market
The Mcilvaine Company has standard market reports covering each of the products, but they cover the Total Available Market (TAM). In order to obtain the Serviceable Obtainable Market (SOM) and the Most Profitable Market (MPM) it is necessary to analyze each niche.