Bag Filter Market Report, Analysis, Opportunities by 2031
The bag filter market size is projected to reach US$ 7,841.82 million by 2031 from US$ 5,313.77 million in 2023. The market is expected to register a CAGR of 5.0% during 2023–2031. The application of mercury and air toxics standards is likely to remain a key trend in the market.
Bag Filter Market Analysis
Bag filter housings used in the mining and chemical industries often have an ASME stamp and must be made of stainless steel. The filtration process typically needs to adhere to strict requirements and frequently be able to filter out particles smaller than one micron. Functional bag filters typically have a particulate collection efficiency of 99% or more, irrespective of the extremely small particle sizes, in contrast to electrostatic precipitators, whose performance can vary greatly with the process and electrical conditions. Some bag filters come equipped with ultrasonic horns that produce additional vibrations to improve dust removal. The horns are activated shortly before or at the beginning of the cleaning cycle to help break the bindings between particles on the filter media surface. Several new restrictions have been implemented in developed countries in North America and Western Europe to curb harmful industrial emissions. Frequent changes in laws call for frequent modernization or upgrading of bag filter systems in industrial plants.
Bag Filter Market Overview
There are several configurations of bag filters available in the market which are uniquely designed to meet operational needs. Ranging from standard bag filters to custom-designed products, manufacturers are providing different types of products to their customers. Because of its low cost and high level of dependability, industrial bag filters are frequently utilized in the food and beverage industry. Reverse osmosis or bag filters with activated carbon are widely used to purify water from impurities.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bag Filter Market: Strategic Insights
Market Size Value in US$ 5,218.33 Million in 2022 Market Size Value by US$ 6,841.67 Million by 2028 Growth rate CAGR of 4.6 % from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bag Filter Market: Strategic Insights
| Market Size Value in | US$ 5,218.33 Million in 2022 |
| Market Size Value by | US$ 6,841.67 Million by 2028 |
| Growth rate | CAGR of 4.6 % from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Bag Filter Market Drivers and Opportunities
Growing Government Focus on Mitigating Air Pollution to Favor Market
With the agenda of reducing the impact of industrial emissions and cutting down the emission level from the industrial sector, government of various countries are establishing laws and regulations to mitigate the air pollutiomn. The growing development and expansion of industrial sector along with risinmg urbanization is projected to increase the level of air pollution, which is directly impacting the health and rising the number of airborne diseases. Thus, the growing government focus on lowering the levels of air pollution is steering the government focus on implementing strict policies on the industrial sector which is driving the demand for bag filters globally.
Increase In Use of Pulse Jet Bag Filters
To meet workplace air quality safety necessities, pulse jet bag filters are one of the utmost popular type air pollution control equipment. The pulse jet dust collectors are primarily designed to effectively capture and reduce potentially toxic particulate matter and emissions. The efficiency of pulse jet filters are boosting its application globally.
Bag Filter Market Report Segmentation Analysis
Key segments that contributed to the derivation of the bag filter market analysis are filter type and end-use industry.
- Based on the filter type, the bag filter market is divided into shakers, reverse air, and pulse jets. The pulse jet segment held a larger market share in 2023.
- By end-use industry, the market is segmented into chemical processing, food & beverages, pharmaceuticals, paper & pulp, water treatment, and others. The chemical processing segment held a significant share of the market in 2023.
Bag Filter Market Share Analysis by Geography
The geographic scope of the Bag Filter market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America is leading the market. The US is leading the market for bag filter in North America. Growing development in the industrial sector and rising government focus on mitigating the level of air pollution from the industrial sector is driving the growth of the bag filter market in North America. Nations such as the UK, France, Germany, and Belgium are the few countries with a larger number of chemical and F&B industries, which is driving the growth across Europe. The rising number of water and wastewater treatment facilities in Asia Pacific is having a positive impact on the bag filter market across Asia Pacific.
Bag Filter Market Report Scope
Bag Filter Market News and Recent Developments
The bag filter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bag filter market are listed below:
- Parker Hannifin Corp. has launched a pleated baghouse filter for utilizing it in extreme-heat applications. (Source: Parker Hannifin Corp, Press Release, May 2022)
- Babcock & Wilcox Acquires FPS. The acquisition of Fossil Power Systems, Inc., a renowned producer of natural gas, hydrogen, and renewable pulp and paper combustion equipment, was announced by Babcock and Wilcox Enterprises, Inc. (Source: Babcock & Wilcox, Press Release, February 2022)
Bag Filter Market Report Coverage and Deliverables
The “Bag Filter Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Bag filter market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Bag filter market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Bag filter market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the bag filter market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Filter Type, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the bag filter market in 2023.
The execution of mercury and air toxics standards is the future trend of the bag filter market.
Babcock & Wilcox Enterprises Inc., BWF Offermann, Waldenfels & Co. KG, Camfil, Danaher Corporation, Donaldson Company, Inc., Eaton Corporation plc, General Electric Company, Mitsubishi Heavy Industries, Ltd., Parker Hannifin Corporation, Thermax Ltd is some of the leading players in the market.
US$ 7,841.82 million estimated value of the bag filter market by 2031.
5.0% is the expected CAGR of the bag filter market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Bag Filter Market
Jun 2024
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
Jun 2024
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
Jun 2024
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
Jun 2024
Jun 2024
Trenchless Pipe Relining Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51–DN 150, DN 151–DN 250, and Above DN 251), and Geography
Jun 2024
Green Cement and Concrete Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others), End-user (Commercial and Public Infrastructure, Industrial, and Residential), and Geography
Jun 2024
Cold Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Temperature Type (Chilled, Frozen), Warehouse Type (Public, Private and Semi-Private) and Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Processed Food) and Geography
Jun 2024
Chopper Pumps Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Submersible Chopper Pumps, Cantilever Chopper Pumps, Vertical Dry Pit Chopper Pumps, Self-Priming Chopper Pumps, End Suction Chopper Pump, Vertical Wet Well Chopper Pump), By End-user (Agriculture, Food and Beverages, Water and Waste Water Treatment, Chemical and Petrochemical, and Others), and Geography
Get Free Sample For