NEWS RELEASE APRIL 2016
$70 Billion Filter Market in 2016
Filter revenues for mobile, medical, residential/commercial and industrial applications will exceed $70 billion in 2016. No one company has more than 5 percent of the total market. These are the conclusions reached by the McIlvaine Company by aggregating data in a number of its reports.
|Filtration Revenues for 2016 in Color Coded Size Segments|
|Mobile||Medical||Residential||Industrial||Total Filter Sales|
|Mann & Hummel|
Revenues are displayed in segments representing $ millions: 0 – 250, 250 – 700, 700 – 1400, 1400 and above
The largest market segment is stationary industrial liquid cartridges with a 2016 market of $17 billion. This is followed by the mobile liquid cartridge market. Mobile air filters, hydraulic and compressed air filters, cross-flow filtration, liquid macrofiltration, dust collection, HVAC filters, and coalescing filters are the remaining product segments.
A small but rapidly growing market is filtration of diesel exhaust fluid (DEF). Urea/water injected into engines freezes at relatively high temperatures. So filters are needed to prevent frozen particles from reaching the engine.
Not a single company is in the top five in each category. Those in the residential segment tend not to be in mobile. Most of the companies are U.S. based.
Donaldson is a major player in mobile and industrial air filtration. Their sales of liquid filtration products primarily for diesel engines have grown recently at double-digit rates. The diesel liquid filter sales are presently $500 million. The company is not involved with commercial/residential filtration in a significant way.
Clarcor sales of engine and other mobile filters are $600 million per year. Process liquid filter sales are $350 million per year while industrial air filter sales are $475 million. It is not a player in medical and residential applications.
Mann & Hummel has made both industrial and mobile acquisitions but its purchase of Wix with $900 million of revenue in the mobile sector was the largest purchase.
Daikin sales in 2015 were ¥2 trillion. With the acquisition of Flanders filter sales are ¥100 billion or $890 million.
Twenty-two percent of Parker Hannifin sales of $11 billion are in filtration and engineered materials. Its strengths are mobile and industrial.
More details on the filter market are found at:
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