The fabric filters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fabric Filters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fabric filters market size has grown strongly in recent years. It will grow from <b>$3.68 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. </b> The growth in the historic period can be attributed to urbanization and population growth, economic factors, public awareness and advocacy, maintenance and retrofitting demand, industrialization in emerging economies.
The fabric filters market size is expected to see rapid growth in the next few years. It will grow to <b>$5.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. </b> The growth in the forecast period can be attributed to stringent environmental regulations, industry expansion and growth, focus on air quality improvement, transition from electrostatic precipitators, growth in waste-to-energy sector. Major trends in the forecast period include circular economy initiatives, health and safety standards, international market expansion, advanced fabric materials, shift to online monitoring and diagnostics.
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Scope Of Fabric Filters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fabric Filters Market Overview
Market Drivers –
An increase in environmental concerns due to global warming is expected to propel the growth of the fabric filter market going forward. Global warming is when carbon dioxide (CO2) and other air pollutants accumulate in the atmosphere, absorbing sunlight and solar energy that has reflected off the earth’s surface, causing the increasing temperature of the oceans and atmosphere. Furthermore, fossil fuels such as coal, oil, and gas are the most significant contributors to global climate change, accounting for more than 75% of global greenhouse gas emissions and nearly 90% of total carbon dioxide emissions. Fiber filters are a way to remove tiny particulates from the air, which could prevent their emissions from reaching the surrounding environment. For instance, a report published by the World Meteorological Organization in January 2022 states that in 2021, the average global temperature was about 1.11 (0.13) °C higher than pre-industrial (1850–1900) levels. The year 2021 marks the seventh consecutive year (2015–2021) in which global temperatures have risen by more than 1 °C above pre-industrial levels. Therefore, an increase in environmental concerns due to global warming is driving the growth of the fiber filter market.
Market Trends –
Technological advancement is a key trend gaining popularity in the fiber filter market. Major companies operating in the fabric filter market are focused on providing technologically advanced fabric filter solutions to strengthen their market position. The recent market has witnessed the use of advanced electrostatic fabric filters to reduce fly ash particle emissions. The electrostatic filter is an air filtration technology used to filter dust from critical industrial processes such as incinerators, glass manufacturing, combustion in general, cement factories, and others. For instance, in June 2022, researchers at North Carolina State University discovered a new method for filtering carbon dioxide from air and gas mixtures by combining cotton fabric with an enzyme called carbonic anhydrase. The preliminary laboratory tests represent a significant step in developing a potential carbon capture technology through a fabric filter that could reduce carbon dioxide emissions from biomass, coal, or natural gas power plants.
The fabric filters market covered in this report is segmented –
1) By Type: Pulse Jet, Reverse Air/Gas, Other Types
2) By Media: Nonwoven, Woven
3) By End User: Power Generation, Chemical Industry, Pharmaceuticals, Food and Beverages, Steel Mills, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the fabric filter market share in 2023. The regions covered in the fabric filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fabric filters market report are Ahlstrom-Munksjö Oyj, Lydall Inc., Valmet Oyj, Freudenberg Filtration Technologies GmbH & Co. KG, American Fabric Filter Co., Johns Manville Corp., Kimberly-Clark Corporation, MANN+HUMMEL Gruppe, Norafin Industries Germany GmbH, Nordic Air Filtration AS, Sefar Holding AG, 3M Company, Eagle Nonwovens Inc., Clear Edge Filtration Inc., Berry Global Inc., Parker-Hannifen Corporation, Hamon Corporation, Autotech Nonwovens Pvt. Ltd., Nederman Corporation Inc., Pall Corporation, Siemens AG, Affinia group, Donaldson Company, Cummins Inc., Clarcor Inc, Babcock & Wilcox Company, Foster Wheeler AG, The Mitsubishi Group, KBR Inc., Thermax Ltd., Hitachi Ltd.
Table of Contents
1. Executive Summary
2. Fabric Filters Market characterstics
3. Fabric Filters Market Trends And Strategies
4. Fabric Filters Market – Macro Economic Scenario
5. Global Fabric Filters Market Size And Growth
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31. Global Fabric Filters Market Competitive Benchmarking
32. Global Fabric Filters Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fabric Filters Market
34. Fabric Filters Market Future Outlook and Potential Analysis
35. Appendix
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