South Korea Filtration And Drying Equipment Market Size & Outlook
South Korea filtration and drying equipment market, 2018-2030 (US$M)
Related Markets
South Korea filtration and drying equipment market highlights
- The South Korea filtration and drying equipment market generated a revenue of USD 45.2 million in 2023 and is expected to reach USD 86.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, agitated nutsche filter-dyers (anfd) was the largest revenue generating technology in 2023.
- Agitated Nutsche Filter-Dyers (ANFD) is the most lucrative technology segment registering the fastest growth during the forecast period.
Filtration and drying equipment market data book summary
| Market revenue in 2023 | USD 45.2 million |
| Market revenue in 2030 | USD 86.6 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Agitated nutsche filter-dyers (anfd) |
| Fastest growing segment | Agitated Nutsche Filter-Dyers (ANFD) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrigues, Agitated Nutsche Filter-Dyers (ANFD) |
| Key market players worldwide | GMM Pfaudler, Hle Glascoat, Alfa Laval AB, GEA Group AG, Ferrum, Andritz AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global filtration and drying equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China filtration and drying equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 205.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Filtration And Drying Equipment Market Scope
Filtration And Drying Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea filtration and drying equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to filtration and drying equipment market will help companies and investors design strategic landscapes.
Agitated nutsche filter-dyers (anfd) was the largest segment with a revenue share of 47.12% in 2023. Horizon Databook has segmented the South Korea filtration and drying equipment market based on centrigues, agitated nutsche filter-dyers (anfd) covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
The U.S.-Korea Free Trade Agreement (KORUS), which came into force in 2019, further improved the investment inflow from the U.S. Further, macroeconomic factors in the country, such as high spending power and rising disposable incomes, favor the demand for filtration & drying equipment as consumers tend to spend more on eating out and processed food.
Automation, industrialization, and the adoption of Industry 4.0 facilitate manufacturers to opt for highly efficient filtration & drying equipment in the food & beverage industry. Korean consumers seek high-value, convenient, and high-quality food products.
Reasons to subscribe to South Korea filtration and drying equipment market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea filtration and drying equipment market databook
-
Our clientele includes a mix of filtration and drying equipment market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea filtration and drying equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea filtration and drying equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea filtration and drying equipment market size, by technology, 2018-2030 (US$M)
South Korea Filtration And Drying Equipment Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
