Press release
Fabric Filters Market Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033
Fabric Filters Market Analysis
The Business Research Company presents an extensive market research report on the Fabric Filters Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The fabric filters market size has grown strongly in recent years. It will grow from $3.68 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to urbanization and population growth, economic factors, public awareness and advocacy, maintenance and retrofitting demand, industrialization in emerging economies..
The fabric filters market size is expected to see rapid growth in the next few years. It will grow to $5.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to stringent environmental regulations, industry expansion and growth, focus on air quality improvement, transition from electrostatic precipitators, growth in waste-to-energy sector.. Major trends in the forecast period include circular economy initiatives, health and safety standards, international market expansion, advanced fabric materials, shift to online monitoring and diagnostics..
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Key Market Players:
Major companies operating in the fabric filters market report are Ahlstrom-Munksjö Oyj, Lydall Inc., Valmet Oyj, Freudenberg Filtration Technologies GmbH & Co. KG, American Fabric Filter Co., Johns Manville Corp., Kimberly-Clark Corporation, MANN+HUMMEL Gruppe, Norafin Industries Germany GmbH, Nordic Air Filtration AS, Sefar Holding AG, 3M Company, Eagle Nonwovens Inc., Clear Edge Filtration Inc., Berry Global Inc., Parker-Hannifen Corporation, Hamon Corporation, Autotech Nonwovens Pvt. Ltd., Nederman Corporation Inc., Pall Corporation, Siemens AG, Affinia group, Donaldson Company, Cummins Inc., Clarcor Inc, Babcock & Wilcox Company, Foster Wheeler AG, The Mitsubishi Group, KBR Inc., Thermax Ltd., Hitachi Ltd.
Market Drivers:
An increase in environmental concerns due to global warming is expected to propel the growth of the fabric filter market going forward. Global warming is when carbon dioxide (CO2) and other air pollutants accumulate in the atmosphere, absorbing sunlight and solar energy that has reflected off the earth's surface, causing the increasing temperature of the oceans and atmosphere. Furthermore, fossil fuels such as coal, oil, and gas are the most significant contributors to global climate change, accounting for more than 75% of global greenhouse gas emissions and nearly 90% of total carbon dioxide emissions. Fiber filters are a way to remove tiny particulates from the air, which could prevent their emissions from reaching the surrounding environment. For instance, a report published by the World Meteorological Organization in January 2022 states that in 2021, the average global temperature was about 1.11 (0.13) °C higher than pre-industrial (1850-1900) levels. The year 2021 marks the seventh consecutive year (2015-2021) in which global temperatures have risen by more than 1 °C above pre-industrial levels. Therefore, an increase in environmental concerns due to global warming is driving the growth of the fiber filter market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/fabric-filters-global-market-report
The fabric filters market covered in this report is segmented -
1) By Type: Pulse Jet, Reverse Air/Gas, Other Types
2) By Media: Nonwoven, Woven
3) By End User: Power Generation, Chemical Industry, Pharmaceuticals, Food and Beverages, Steel Mills, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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