Global Fabric Filters Market: Snapshot
At the forefront of driving demand in the global fabric filters market are the strict rules pertaining to pure indoor air. Another factor benefitting the market is the focus of manufacturers on product development in response to the need for more effective fabric filters. Acting as a deterrent to the market, on the other hand, is the steep cost of manufacturing fabric filters. However, constant technological advancements and rapid industrialization will likely create more opportunities in the market for growth and help overcome the various challenges hindering its growth.
A report by Transparency Market Research, forecasts 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.
Pulse Jet Dominates Market on Account of its Reduced Cost
Depending upon type, the global fabric filters market has been categorized into pulse jet, reverse jet, etc. Of them, the segment of pulse jet accounts for maximum share in the market. In 2016, the segment held a substantial 55% share in the market. This is because of the rising uptake of it owing to its ability to lessen in bag house size and capital cost due to less fabric usage. Pulse jet cleaning type does not require the building of an extra compartment for off-line cleaning. The segment is expected to grow its share in the near future.
Based on application again, the global fabric filters market has divided into power generation, chemical industry, pharmaceuticals, food and beverages, steel mills, etc. Of them, the pharmaceutical segment dominates the market with maximum share. Manufacture of pharmaceuticals products such as vitamins, drugs, minerals, and herbs involves different types of processes which often result in dust as a harmful by-product. This poses health hazards to workers, ups risk of chemical hazards in the manufacturing units, and harm the material. To mitigate the dangers, fabric filter comes in handy.
Expansion of End-use Industries Catapults Asia Pacific to Forefront
From a geographical perspective, 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. The growth in the region is mainly brought about the rapid expansion of various end-use industries such as chemical, power generation, etc. Emerging economies in Asia Pacific, particularly China is at the forefront of driving growth in the global fabric filters market because of the rapid pace of industrialization in the region. In 2016, Asia Pacific held over 37% share of the global fabric filters market.
In terms of market share, North America and Europe trail Asia Pacific. By registering a CAGR of 5.67% during the forecast period, North America market is slated to become worth US$3.70 bn by 2025. The market in Europe is projected to net in a revenue of US$3.29 bn by 2025 by registering a CAGR of 5.45% over the course of the forecast period. The fabric filters market in Latin America and the Middle East and Africa is currently not very developed and mostly dominated by local players.
Some of the prominent names in the global fabric filters market are Parker-Hannifen, Corporation, Hamon Corporation, Cummins, Affinia group, Siemens AG, Pall Corporation, and Nederman Corpo.
Global Fabric Filters Market: Overview
This report analyzes and forecasts the market for fabric filters at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025. The study includes drivers and restraints of the global fabric filters market. It also covers the impact of these drivers and restraints on demand for fabric filters during the forecast period. The report also highlights opportunities in the fabric filters market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global fabric filters market. Porter’s five forces model for the fabric filters market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Fabric Filters Market: Segmentation
The study provides a decisive view of the global fabric filters market by segmenting it in terms of type, and end-user industry. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for fabric filters in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
Global Fabric Filters Market: Competitive Analysis
The study includes profiles of major companies operating in the global fabric filters market. Key players in the fabric filters market include Parker-Hannifen, Corporation, Hamon Corporation, Cummins, Affinia group, Siemens AG, Pall Corporation, Nederman Corporation Inc., Babcock & Wilcox, and Mitsubishi Hitachi Power Systems, Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
The report provides the estimated market size of fabric filters for 2016 and forecast for the next nine years. The global market size of fabric filters has been provided in terms of revenue. Market numbers have been estimated based on key type, end-use industry segments of fabric filters market. Market size and forecast for each major types, end-use industry have been provided in terms of global and regional markets.
Global Fabric Filters Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases. and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, Journal of the Air Pollution Control Association, China Nonwovens & Industrial Textiles Association (CNITA), China Association of Environmental Protection Industry (CAEPI), European Oil Producers Association, The American Filtration and Separations Society (AFS), INDA, Association of the Nonwoven Fabrics Industry, EDANA.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global fabric filters market as follows:
Global Fabric Filters Market, by Type
- Pulse Jet
- Reverse Air/gas
Global Fabric Filters Market, by End-use Industry
- Power Generation
- Chemical Industry
- Food & Beverages
- Steel Mills
Global Fabric Filters Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA