The Bag Filter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Bag Filter Global Market Report 2024, the robust expansion of the bag filter market is noteworthy, experiencing a commendable surge from $8.02 billion in 2023 to an anticipated $8.46 billion in 2024, reflecting a notable Compound Annual Growth Rate (CAGR) of 5.5%. This remarkable growth during the historical period is primarily attributable to factors such as material and design enhancements, prudent operational cost considerations, bolstered by government support and incentives, evolving waste management practices, and a heightened focus on health concerns.
Forecasts for the bag filter market project substantial growth, anticipating an ascent to $10.71 billion by 2028, with a CAGR of 6.1%. This anticipated growth in the forecasted period is underpinned by pivotal elements including industry expansion, a global emphasis on air quality, surging demands for energy efficiency, the ripple effects of urbanization and industrial growth, coupled with the market’s increasing customization and adaptability, alongside seamless digital integration. Notable trends in the upcoming period encompass the enforcement of stringent environmental regulations, an upswing in industrial growth, heightened attention to air quality, and persistent technological advancements.
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.
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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
Top 5 Major Players:
- Babcock & Wilcox Enterprises Inc
- BWF Envirotech
- Camfil Farr Group
- Danaher Corporation
- Donaldson Company Inc
A pivotal trend shaping the bag filter market landscape is technological advancement. Key industry players are strategically investing in the development of innovative and cutting-edge technologies to fortify their market standing. A prime example is Camfil, a Sweden-based pioneer in air filters and clean air products. In August 2023, Camfil unveiled the Hi-Flo next-generation bag filters, showcasing a paradigm shift in energy efficiency. This groundbreaking product from the Hi-Flo series is engineered to yield up to 30% lower energy consumption compared to industry standards, and an impressive 12% reduction compared to its predecessors. The bag filter’s optimization is achieved through conical pockets, a sophisticated seam design, and an innovative stitching technique, ensuring even air dispersion across the entire filter surface. This technological stride reflects the industry’s commitment to sustainability and performance excellence.
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Bag Filter Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Bag Filter Market, Segmentation By Media, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Bag Filter Market, Segmentation By Fluid, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 75: Babcock & Wilcox Enterprises Inc. Financial Performance
Table 76: BWF Envirotech Financial Performance
Table 77: Camfil Farr Group Financial Performance
Table 78: Danaher Corporation Financial Performance
Table 79: Donaldson Company Inc Financial Performance
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