Asia Pacific runs the show both in terms of market share and growth rate. By clocking a maximum CAGR of 6.89%, the market in the region is expected to pull in revenues to the tune of US$6.43 bn by 2025.
Albany, NY -- (SBWIRE) -- 11/27/2017 -- The increasing usage of fabric filter system in numerous applications such as power generation, chemical industry, pharmaceuticals, food and beverages and steel mills are foreseen to drive the demand of fabric filter systems in global fabric system market. However, constant technological advancements and rapid industrialization will likely create more opportunities in the market for growth. Market Research Hub (MRH) has freshly introduced a new report to the readers, which identifies the impact of these drivers and restraints on demand for fabric filters during the forecast period. Apart from that, opportunities are also outlined in detail. According to the recent analysis, the global fabric filters market to expand at a CAGR of 6.18% during the period between 2017 and 2025. Rising at this pace, the market which was worth US$9.6 bn in 2016, is expected to become US$16.34 bn by 2025.
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Fabric filters, also known baghouse filters, are used as a control technology for particulate matter (PM). They remove particulate matter rooted in the flue gas stream of fuel combustion unit or industrial process ventilation units by passing the gas stream through the absorbent fabric. The different types of global fabric filters purveyed in the market are pulse jet, reverse jet, etc.
Report Introduction
This 184- page study is titled as "Fabric Filters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" which consist of detail analysis of executive summary on fabric filters. Thorough information has been provided about various segments and its sub-segments which are the backbone of this report. The global market for fabric filters market is segmented into regions, by type and end-use segments. The base year for this report is 2016 and accordingly, the annual growth rate has been provided for every segment of the market for the assessed period.
Key Dynamics Supporting Market Growth
Clients have been offered with the details of market dynamics such as trends, drivers, restraints and opportunities which always have strong impact on any market. Some of them are as follows-
- In the present time, regulations mandating the need for pure indoor air is majorly fuelling demand for fabric filters.
- Another vital factor promoting the market is the focus of manufacturers on product development in response to the need for more effective fabric filters.
- Among various types, pulse jet accounts for maximum share in the market, due to its ability to lessen in bag house size and capital cost due to less fabric usage.
- The application segment of pharmaceutical is responsible for generating maximum demand in the market.
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Expansion of End-use Industries Propels Asia Pacific Market
The growth in the APAC region is mainly brought about the rapid expansion of various end-use industries such as chemical, power generation etc. In 2016, Asia Pacific held over 37% share of the global market.
Key players profiled in the study include Parker-Hannifen, Corporation, Mitsubishi Hitachi Power Systems, Ltd., Hamon Corporation, Cummins, Affinia group, Nederman Corporation Inc., Siemens AG, Pall Corporation and Babcock & Wilcox.
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