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.
As per a report by Transparency Market Research, the global fabric filters market will likely 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.
The different types of global fabric filters purveyed in the market are 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 its rising adoption 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.
Geographically, the key segments of the global filters market are Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. At present, Asia Pacific holds a dominant position – something it is expected to retain in the years ahead by rising at a CAGR of 6.89% from 2017 to 2025. The growth in the region is mainly brought about the rapid expansion of various end-use industries such as chemical, power generation, etc.
Besides, in response to increased need for more effective fabric filters, manufacturers are focusing on the developing those with improved functionalities. This is also proving beneficial to the market. Currently, the application segment of pharmaceutical is responsible for generating maximum demand in the market. Manufacture of pharmaceuticals products, namely 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 and ups risk of chemical hazards in the manufacturing units. To mitigate such issues, fabric filter comes in handy.
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