Report : Europe 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 4.9% CAGR, the Europe Bag Filter Market is speculated to be worth US$ 1,949.63 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe bag filter market was valued at US$ 1,465.11 million in 2022 and is expected to reach US$ 1,949.63 million by 2028, registering an annual growth rate of 4.9% from 2022 to 2028. Environment and safety regulations of governments to reduce air pollution and growing use of bag filters as dust collectors are the critical factors attributed to the market expansion.
The most significant environmental danger to people's health worldwide is air pollution. Industrial air emissions contribute the most to environmental pollution. To reduce the impact of industrial emissions, cut down the costs of damage to environment and humans, stringent pollution control techniques are adopted by industrial manufacturers. One such is the bag filter. The harm that air pollution does to human health, even at lower concentrations than previously believed, is demonstrated by the new WHO Europe Air Quality Guidelines (AQGs). By lowering levels of major air pollutants, some of which also contribute to climate change, the guidelines suggest new air quality standards to protect people's health. To support pollution control measures and promote future improvements in the environmental performance of stationary coal combustion sources, stringent enforcement and close monitoring in industries is required. These factors lead to the growth of the bag filter market.
On the contrary, slow implementation of pollution control reforms hurdles the growth of Europe bag filter market.
- Based on filter type, the Europe bag filter market is segmented into shakers, reverse air, and pulse jet. The pulse jet segment held 33.4% market share in 2022, amassing US$ 489.24 million. It is projected to garner US$ 603.14 million by 2028 to expand at 3.5% CAGR during 2022–2028.
- Based on end user, the Europe bag filter market is segmented into chemical processing, food & beverage, pharmaceutical, paper & pulp, water treatment, and others. The chemical processing segment held 28.0% market share in 2022, amassing US$ 410.63 million. It is projected to garner US$ 571.60 million by 2028 to expand at 5.7% CAGR during 2022–2028.
- Based on country, the Europe bag filter market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 32.2% market share in 2022. It was assessed at US$ 471.77 million in 2022 and is likely to hit US$ 696.93million by 2028, exhibiting a CAGR of 6.7% during the forecast period.
Key players dominating the Europe 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 2022, On January 1, 2022, the BWF Envirotec Group will purchase its longtime Spanish partner, ACMA. The BWF Envirotec Group will be able to further strengthen its dominant position in the air pollution control industry's expanding global market thanks to this acquisition.
- 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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