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.
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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.
Opportunity: Implementation of Mercury and Air Toxics Standards (MATS) in the US
The Environmental Protection Agency in the US introduced MATS to reduce mercury and other toxic air pollutants that are generated by coal- and oil-fired power plants across the country. The standard was implemented for all coal- and oil-fired electrical generating units that are larger than 25 MW. Due to the implementation of this standard, about 1,400 coal-fired power plants are being affected.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in bag filter market. Some of the key players are Babcock & Wilcox (US), Eaton (Republic of Ireland), Donaldson (US), Camfil Farr (Sweden), and Parker Hannifin (US). The leading players are adopting various strategies to increase their shares in bag filter market.
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The pointers given below highlight the new emission standards:
- All existing and new coal-fired power generation units now have numerical emission limits for mercury, PM, and Hydrogen Chloride (HCl).
- All existing and new oil-fired units now have numerical emission limits for PM, HCl, and Hydrogen Fluoride (HF). These power plants can also show MATS compliance for HCl and HF by limiting the moisture content of the oil used.
- The MATS replace a hard-numerical emission limit for dioxin/furan for new and existing coal- and oil-fired power plants, with work practices that require an annual performance test and tune-ups. To demonstrate compliance, plants will need to submit documentation that the unit has undergone regular inspections and maintenance, once every 36 months.
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