The flow control and treatment market will grow by 2 percent in 2016 to $340 billion. In general small Asian suppliers will achieve the highest percentage growth. The performance of the large international companies will be mixed. As per report of McIlvaine Company.
Many international flow control and treatment companies will experience revenue losses in 2016 while the world market increases modestly.
Mobile filtration revenues will be up worldwide by 4 percent as more vehicles are driven more miles. The primary growth will be in Asia. The poor quality of ambient air in Asian countries and the need for air filters in homes and commercial buildings will help boost stationary air filtration sales by 4 percent.
Two of the major unknowns and concerns in 2016 are the price of oil and gas and the status of the Chinese economy.
A number of power plants around the world are converting their particulate control technology from electrostatic precipitators to fabric filters. This could boost filter sales by more than 20 percent per year when the movement is fully implemented.