Global Bag Filter Market to Reach $6.84 Billion by 2028 with a 4.6% CAGR - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Bag Filter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Filter Type and End-Use Industry" report has been added to ResearchAndMarkets.com's offering.
The bag filter market is expected to grow from US$ 5,218.33 million in 2022 to US$ 6,841.67 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2022 to 2028.
The US is one of the countries with high pollution levels in North America. Additionally, the US and Canada rank among the highest particle pollution-creating countries in the world. The countries have imposed strict penalties and emission limit specifications for significantly polluting industries, such as cement and power.
The Micronics Engineered Filtration Group offers a wide selection of premium filter bags and solutions for all sectors and dust forms. Its products specialize in filtering out dust and fumes from the abrasive handling, chemicals, food and beverages, metals, power, powder coating, sandblasting, textiles, paper, pulp, and woodworking industries, among others.
In the European Union, the manufacturing sector contributes 15.0% of GDP and provides 33 million jobs. The sector produces nearly two-thirds of all factor productivity gains. The baghouse dust collector offered by Donaldson Torit LP features the reverse air design to offer improved filter cleaning performance, thereby reducing the maintenance costs and downtime using this innovative system design.
Since September 2020, the manufacturing sector in APAC countries has largely recovered due to a relaxation in lockdown measures in several countries. Although the new waves of COVID-19 were reported in APAC countries, including Malaysia and Japan, the region's manufacturing sector, as a whole, has recovered significantly. The Asia Pacific bag filter market is projected to grow as a result of the rising demand for bag filters in the cement industry in developing countries, such as China and India. In the MEA and SAM, the bag filter market is anticipated to grow during the forecast period with the rising use of dust collectors in the mining industry to keep emission levels low enough to meet regulatory specifications.
North America is one of the most important regions for the manufacturers of bag filter market vendors as it has significant presence of all key industries that utilize bag filters, including food and beverages, chemical processing, and pharmaceutical. According to Census Bureau estimates, there are 36,486 food and beverage processing establishments (plants) in the US, which are owned by ~31,401 businesses. Similarly, as of December 2021, Canada had 2,180 food manufacturing facilities. Additionally, the US is home to ~13,500 chemical manufacturing facilities operated by more than 9,000 businesses. Further, the rules for reducing air pollution in North America are strict and constantly evolving.
In Europe, the chemical processing industry is one of the major end users for bag filters. As the European Union aims to achieve climate neutrality by 2050, and the industry is strategically accommodated at the core of European manufacturing to help the continent achieve this goal. In addition, the chemical industry is simultaneously maintaining its competitiveness while undergoing a green and digital "twin" transition to become climate-neutral, circular, and digital while navigating the Chemicals Strategy for Sustainability (CSS). As a result, the current industrial transformations in several regions are anticipated to open up an array of opportunities for bag filter market players.
The bag filter market is segmented into type, end-use industry, and geography. Based on filter type, the bag filter market is segmented into shakers, reverse air filters, and pulse jets.
Based on end-use industry, the bag filter market is segmented into chemical processing, food & beverages, pharmaceuticals, pulp & paper, water treatment, and others.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Bag Filter Market Landscape
5. Bag Filter Market - Key Market Dynamics
6. Bag Filter Market - Global Market Analysis
7. Bag Filter Market Revenue and Forecast to 2028 - Filter Type
8. Bag Filter Market Revenue and Forecast to 2028 - End User
9. Bag Filter Market - Geographic Analysis
10. Bag Filter Market - Covid-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
- Babcock & Wilcox Enterprises Inc.
- BWF Offermann, Waldenfels & Co. KG
- Danaher Corporation
- Donaldson Company, Inc.
- Eaton Corporation plc
- General Electric Company
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Parker Hannifin Corporation
- Thermax Ltd
For more information about this report visit https://www.researchandmarkets.com/r/i02156
Laura Wood, Senior Press Manager
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