Overview and Scope
The bag filter refers to a dust control device whose purpose is to remove the dust in exhaust gases from industrial processes. Bag filters are used to clarify or filter fluids with a relatively low loading of particles that need to be removed. The bag filter is used for the clarification or filtration of fluids with a relatively small load of particles to remove.
Sizing and Forecast
The bag filter market size has grown strongly in recent years. It will grow from $8.02 billion in 2023 to $8.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to material and design enhancements, operational cost considerations, government support and incentives, waste management practices, health concerns..
The bag filter market size is expected to see strong growth in the next few years. It will grow to $10.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to industry expansion, global focus on air quality, energy efficiency demands, urbanization and industrial growth, customization and adaptability, digital integration.. Major trends in the forecast period include stringent environmental regulations, industrial growth, focus on air quality, technological advancements.
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Segmentation & Regional Insights
The bag filter market covered in this report is segmented –
1) By Type: Pulse Jet, Reverse Air, Shake
2) By Media: Nonwoven, Woven, Other Medias
3) By Fluid: Air, Liquid
4) By End-Users: Chemical And Petrochemical, Food Processing, Mineral, Cement, Automotive, Other End-Users
North America was the largest region in the bag filter market in 2023. The regions covered in the bag filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the coal-fired generation is expected to propel the growth of the bag filter market. Coal-fired generation involves facilities that burn coal to make steam to generate electricity. Bag filters or baghouses are tube-shaped filter bags used in coal-fired plants to filter a large volume of ash-laden fuel gas to reduce air pollution. For instance, according to a report by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the global coal-fired generation has rebounded strongly in 2021 by 15%, compared to the first half of 2020, which was less performance by 4.6%. Therefore, the growth in the coal-fired generation is expected to propel the growth of the bag filter market.
Key Industry Players
Major companies operating in the bag filter market report are Babcock & Wilcox Enterprises Inc., BWF Envirotech, Camfil Farr Group, Danaher Corporation, Donaldson Company Inc., Eaton Corporation plc, General Electric Company, Lenntech B.V, Hitachi Power System Ltd., Parker Hannifin Corporation, Rosedale Products Inc., Shanghai Filterbag Factory Co. Ltd., Thermax Ltd., W.L. Gore & Associates, Mitsubishi Heavy Industries Ltd., Pall Corporation, Waldenfels & Co. KG, Industrial Filter Manufacturing Limited, Wolf Filtration Limited, MAHLE Industrial Filtration Inc., Filter Products Company, Filtervac International, Freudenberg Filtration Technologies, GORE Filtration Products, MANN+HUMMEL, Meissner Filtration Products, Nordic Air Filtration, Porvair Filtration Group, Sefar AG, GTS Filters & Systems Pvt. Ltd.
The bag filter market report table of contents includes:
1. Executive Summary
2. Bag Filter Market Characteristics
3. Bag Filter Market Trends And Strategies
4. Bag Filter Market – Macro Economic Scenario
5. Global Bag Filter Market Size and Growth
…
31. Global Bag Filter Market Competitive Benchmarking
32. Global Bag Filter Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bag Filter Market
34.Bag Filter Market Future Outlook and Potential Analysis
35. Appendix
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