Report : Asia-Pacific Bag Filter Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Filter Type (Shakers, Reverse Air, and Pulse Jet) and End-user (Chemical Processing, Food & Beverage, Pharmaceutical, Paper & Pulp, Water Treatment, and Others)
At 5.4% CAGR, the APAC Bag Filter Market is speculated to be worth US$ 1,295.96 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC bag filter market was valued at US$ 946.48 million in 2022 and is expected to reach US$ 1,295.96 million by 2028, registering an annual growth rate of 5.4% from 2022 to 2028. Increase in use of pulse jet bag filters and advancement of sustainable devices are the critical factors attributed to the market expansion.
All coal- and oil-fired electrical generating plants larger than 25 MW now adhere to the standard. Around 1,400 coal-fired power units are impacted by the adoption of this regulation. As per the new emission standards, numerical emission limitations for mercury, particulate matter, and hydrogen chloride are already in place for all existing and new coal-fired power production units (HCl). Numerical emission limitations for PM, HCl, and hydrogen fluoride are now in place for all existing and new oil-fired units (HF). These power plants can also demonstrate MATS compliance for HCl and HF by reducing the moisture in the oil used. According to the EPA, the MATS Rule will significantly impact millions of Americans' health, including children, the elderly, and other vulnerable groups, by significantly reducing emissions of pollutants that cause cancer, respiratory illnesses, neurological damage, and other health risks. Plants must provide To comply with the MATS particulate matter emissions limits, several coal-fired plants in the US have already upgraded or added fabric filters.
On the contrary, slow implementation of pollution control reforms hurdles the growth of APAC bag filter market.
Based on filter type, the APAC bag filter market is segmented into shakers, reverse air, and pulse jet. The shakers segment held 37.4% market share in 2022, amassing US$ 354.42 million. It is projected to garner US$ 436.94 million by 2028 to expand at 3.5% CAGR during 2022–2028.
Based on end user, the APAC bag filter market is segmented into chemical processing, food & beverage, pharmaceutical, paper & pulp, water treatment, and others. The chemical processing segment held 26.0% market share in 2022, amassing US$ 246.05 million. It is projected to garner US$ 393.41 million by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on country, the APAC bag filter market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 35.2% market share in 2022. It was assessed at US$ 333.07 million in 2022 and is likely to hit US$ 538.70 million by 2028, exhibiting a CAGR of 8.3% during the forecast period.
Key players dominating the APAC bag filter market are Babcock & Wilcox Enterprises, Inc.; BWF Envirotec; Camfil; Donaldson Company, Inc.; Eaton; General Electric Company; Mitsubishi Power, Ltd.; Pall Corporation; Parker Hannifin Corporation; and Thermax Limited among others.
- In 2020, A unique connector for use with pleated filter components has been announced by Parker Hannifin Corporation's Industrial Gas Filtration and Generation Division, a pioneer in motion and control technology. Without the need for any equipment, the connector enables the connection of two, two-metre pleated filters.
- In 2022, A manufacturer of fume extraction systems for a variety of industrial air filtration applications, BOFA International, was purchased by Donaldson. This would enable the business to broaden the markets and uses for its products in industrial air filtration.
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