Bag Filter Market Growth to 2020 Dominated by Pulse Jet Bag Filter with 5.8% CAGR

Feb 07, 2016, 21:00 ET from RnR Market Research

PUNE, India, February 8, 2016 /PRNewswire/ --

The global bag filter market size estimated to be USD 9.13 Billion in 2015, is expected to grow at a CAGR of 5.8% during the forecast period with growth in cement & mining industry, environment & safety regulations of different governments to reduce air-pollution, increase in the number of coal-fired plants driving the growth of the market.

Complete report on bag filter market spread across 143 pages, profiling 13 companies and supported with 66 tables and 40 figures is now available at http://www.rnrmarketresearch.com/bag-filter-market-by-type-pulse-jet-reverse-air-and-shaker-by-media-nonwoven-woven-and-others-by-application-power-generation-chemical-mining-cement-pulp-paper-municipal-waste-and-others-by-region-global-forecast-to-2020-market-report.html .

Increasing demand for low particulate emissions from power plants is resulting in the installation of bag filter/fabric filter in many projects. Nowadays, it is highly preferable over electrostatic precipitators (ESPs) due to its high efficiency and comparatively low capital costs. Governments world over are encouraging mergers and acquisitions as well the development of large environmental protection corporations. China is historically a heavy industrial base, with high levels of machinery and some major environmental problems, creating a big market potential for bag filter manufacturers.

Pulse jet bag filter accounted for more than 50% of the total bag filter market in 2014. The high growth is attributed to the advancement in design, technology, and lower capital cost. Earlier, more than 80% of the applications used to install shaker or reverse air bag houses, but with the advancement in technology and ongoing trends, the installation of pulse jet bag filter has grown rapidly in the past five years, capturing 90% of all the end-user applications. The applications where a pulse jet bag houses is used include pharmaceuticals, food & beverages, sinter plants, textiles, chemicals, and municipal waste among others.  

In-depth interviews have been conducted with various primary respondents that include key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (60%), Tier 2 (27%) and Tier 3 (8%) companies have been studied. The interviews were conducted with various key people such as C-level (50%), Director Level (30%), and others (20%) operating in the global bag filter. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (20%), APAC (20%) and Row (58%).

The leading players in the bag filter industry include Donaldson (U.S.), Mitsubishi Hitachi Power System (Japan), Thermax Ltd. (India), Babcock & Wilcox (U.S.), and Eaton (Ireland) among others. Other companies include Pall Corporation (U.S.), Rosedale Products (U.S.), BWF Environed (Germany), and GE (U.S.). Order a copy of Bag Filter Market by Type (Pulse jet, Reverse-Air, and Shaker), by Media (Nonwoven, Woven and Others), by Application (Power Generation, Chemical, Mining, Cement, Pulp & Paper, Municipal Waste, and Others) & by Region - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=466273 .

In terms of value, Asia-Pacific is expected to be the largest and fastest growing market for bag filter during the forecast period, with China and India as major contributors. China alone accounted for the maximum share of the global bag filter market in 2014, with several local and regional manufactures in the country. In addition, growing demand in Asia-Pacific for energy and raw materials used in the manufacturing sector would propel the region to increase production of metals, chemicals, and paper.

On a related note, another research on Ring Main Unit Market Global Trends & Forecasts to 2020 says, the global ring main unit market is expected to reach USD 2.03 Billion by 2020, at a CAGR of 8.23% from 2015 to 2020. Distribution utilities segment is the largest market, by application and Asia-Pacific is the fastest growing market. The report offers market estimations and projections till 2020 and provides the competitive landscape with major growth strategies adopted by the key players. Companies like ABB Ltd., Eaton Corporation Plc., General Electric Company, Schneider Electric SE, Siemens AG, Entec Electric & Electronic Co. Ltd., Larsen & Toubro, LSIS, Lucy Electric, Ormazabal, Tiepco and Yashmun Engineers Ltd. have been profiled in this 142 pages research report available at http://www.rnrmarketresearch.com/ring-main-unit-market-by-type-gas-insulated-air-insulated-oil-insulated-solid-dielectric-insulated-by-application-distribution-utilities-industries-and-infrastructure-transportation-by-region-global-trends-forecasts-to-2020-market-report.html .

Explore more reports on energy and power market at http://www.rnrmarketresearch.com/reports/energy-power .

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