Northrook, IL -- (SBWire) -- 03/02/2020 --According to the new market research report "Bag Filter Market by Type (Pulse Jet, Shaker, Reverse Air), Media (Woven, Non-Woven), Fluid Type (Air, Liquid), Applications (Power Generation, Cement, Mining, Chemical, and Municipal), and Region - Global Forecast to 2023", The global bag filter market is projected to reach USD 10.2 billion by 2023 from an estimated USD 7.8 billion in 2018, at a CAGR of 5.54%. This growth can be attributed to the environment and safety regulations set by different governments to reduce air pollution, growth in the cement and mining industry, and requirement of a safe working environment in industries.
The pulse jet segment is expected to hold the largest share of bag filter market, by type, during the forecast period.
The pulse jet segment is estimated to dominate bag filter market in 2018 and is projected to have the largest market share during the forecast period. This is mainly due to the fact that pulse jet filters allow cleaning of the pollutants without hampering the production process in industries such as cement and mining. Pulse jet filters are increasingly used in industries such as cement, power generation, and mining to regulate the particle emission and to meet the emission standards.
Browse and in-depth TOC on "Bag Filter Market"
71 - Tables
37 - Figures
149 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32029421
The nonwoven segment is expected to be the fastest growing segment of bag filter market, by media, during the forecast period.
The nonwoven segment accounted for the highest CAGR during the forecast period. Growth of this segment can be attributed to the highly efficient filtration level and high temperature resistance in applications in industries such as power generation and chemical industry. In the cement and mining industry, where there is an increased need to reduce particulate emissions, nonwoven bag filters offer optimum filtration performance in conditions such as high temperature and high flow applications.
Asia Pacific: The leading market for bag filters.
In this report, bag filter market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global bag filter market in 2018 owing to the industrial pollution from countries such as China and India, where there is huge requirement for power and infrastructural development due to growing population. Other countries in this region are also investing in infrastructure and power generation projects to tackle growing population demands. The grot hog bag filter market in this region is also driven by increasing necessity to improve air quality in industries for workers. Failure to install bag filters can result into severe air pollution related diseases and subsequent death.
Request for Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=32029421
Key Market Players
Danaher (US), Donaldson (US), Thermax (India), Babcock & Wilcox CO (US), Eaton Corporation (Ireland), Mitsubishi Hitachi Power Systems (Japan), General Electric (US), Camfil Farr (Sweden), Camfil Farr(Sweden), BWF Envirotech (Germany), W.L. Gore & Associates (US), Lenntech (The Netherlands), Rosedale Products (US), and Parker Hannifin Corporation (US).
Babcock & Wilcox (B&W) is one of the leading companies that provide energy and environmental technologies and services to power and industrial markets, globally. The company operates its business through 3 segments, namely, power, industrial, and renewable. It provides bag filters under its industrial segment. The industrial segment generated 25.4% of the total revenue in 2017. In June 2014, Babcock & Wilcox Power Generation Group, one of the subsidiaries of Babcock & Wilcox, acquired Megtec, one of the leading suppliers of innovative environmental control technologies worldwide. Through Megtec, B&W provide environmental products and services to various industries. The company offers its products and services in over 90 countries. Some of its subsidiaries include Allen-Sherman-Hoff ash and material handling, Babcock & Wilcox steam generation and environmental system, and B&W Vølund renewable energy systems.
Critical questions the report answers:
Where will all these developments take the industry in the long term?
What are the upcoming trends for the bag filter market?
Which segment provides the most opportunity for growth?
Who are the leading manufacturers operating in this market?
What are the opportunities for new market entrants?
Please Explore Relevant Report:
Industrial Filtration Market by Type (Air and Liquid), Technology, Product, Filter Media, Industry (Manufacturing, Power Generation, Metals & Mining, Oil & Gas, Pharmaceuticals, and Process Industry), and Region - Global Forecast to 2023
Portable Filtration Systems Market by End-User (Power Generation, Manufacturing, Oil & Gas), Flow Rate (0–10, >10–20, >20–60, >60–100, and Above 100 GPM), Technology (Pressure, Centrifugal, and Vacuum Filtration), and Region - Global Forecast to 2022
About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Bag Filter Market Future Scope (2018-2023): An Overview of Growth Factors and Future Prospects
MarketsandMarkets forecasts the global bag filter market to grow from USD 7.7 billion in 2018 to USD 10.2 billion by 2023, at a CAGR of 5.54% during the forecast period.