Quick Summary:
In an evolving global environment, accurate and insightful data is key to achieving competitive advantage. Our comprehensive report on the Global Filter Bags Market provides you with the critical market insight necessary to steer your business decisions towards profitable growth.
Estimated at US$9.2 Billion in 2022, the global Filter Bags market is set to surge, reaching a projected US$14.1 Billion by 2030. As leaders in the industry seek to capitalize on this growth, our analysis offers a detailed view of market segments and their respective projections. For example, the Pulse Jet segment is expected to record a 6.2% CAGR and reach US$7.2 Billion by 2030.
Geographically, our report takes you through key markets, including the U.S market, currently valued at US$2.5 Billion, and China, which is forecast to register a 9% CAGR. Additionally, you will have access to analysis on other noteworthy markets such as Japan, Canada, and Germany. Furthermore, our report includes expert coverage on key competitors, maintaining an edge over competition.
Global Filter Bags Market to Reach $14.1 Billion by 2030
The global market for Filter Bags estimated at US$9.2 Billion in the year 2022, is projected to reach a revised size of US$14.1 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Pulse Jet, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$7.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Reverse Air segment is readjusted to a revised 5.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 9% CAGR
The Filter Bags market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 46 Featured) -
- Babcock & Wilcox Enterprises, Inc.
- Bwf Envirotech
- Camfil Farr Inc.
- CLARCOR Inc.
- Donaldson Co., Inc.
- Eaton Corporation
- Filter Concept Pvt. Ltd.
- General Electric Company
- Lenntech BV
- Mitsubishi Hitachi Power Systems Ltd.
- Pall Corporation
- Parker Hannifin Corporation
- Rosedale Products Inc.
- W.L. Gore & Associates, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Filter Bags?
What is the growth rate of the Global Market for Filter Bags?
What is the forecasted size of the Global Market for Filter Bags?
Who are the key companies in the Global Market for Filter Bags?
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 9.2 Billion |
| Forecasted Market Value ( USD | $ 14.1 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Babcock & Wilcox Enterprises, Inc.
- Bwf Envirotech
- Camfil Farr Inc.
- CLARCOR Inc.
- Donaldson Co., Inc.
- Eaton Corporation
- Filter Concept Pvt. Ltd.
- General Electric Company
- Lenntech BV
- Mitsubishi Hitachi Power Systems Ltd.
- Pall Corporation
- Parker Hannifin Corporation
- Rosedale Products Inc.
- W.L. Gore & Associates, Inc.
