LONDON--(BUSINESS WIRE)--Technavio has been monitoring the baghouse filters market and it is poised to grow by USD 294.98 million during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
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What was the value of the baghouse filters market in 2019?
A. As per Technavio, the value of market was at USD 919.12 million in 2019 and is projected to reach USD 1,214.10 million by 2024. -
At what rate is the market projected to grow during the forecast period 2020-2024?
A. Growing at a CAGR of about 6%, the market growth will accelerate in the forecast period. -
What is the key factor driving the market?
A. Rising popularity of hybrid electrostatic filters. -
Who are the top players in the market?
A. AGET Manufacturing Co., Aircon Corp., Airex Industries Inc., Amerair Industries LLC, CECO Environmental Corp., Daikin Industries Ltd., Donaldson Co. Inc., Hamon & Cie (International) SA, Parker Hannifin Corp., and Scheuch GmbH are the top players in the market. -
Which region is expected to hold the highest market share in the market?
A. APAC. -
Based on segmentation by type, Which segment is expected to witness the fastest growth in the global market?
A. Shaker baghouse filters.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AGET Manufacturing Co., Aircon Corp., Airex Industries Inc., Amerair Industries LLC, CECO Environmental Corp., Daikin Industries Ltd., Donaldson Co. Inc., Hamon & Cie (International) SA, Parker Hannifin Corp., and Scheuch GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rising popularity of hybrid electrostatic filters has been instrumental in driving the growth of the market. However, complexities in design and operation of baghouse dust filters might hamper market growth.
Baghouse Filters Market 2020-2024: Segmentation
Baghouse Filters Market is segmented as below:
-
Type
- Shaker Baghouse Filters
- Reverse Air Baghouse Filters
- Pulse Jet Baghouse Filters
-
Geography
- APAC
- Europe
- North America
- MEA
- South America
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Baghouse Filters Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our baghouse filters market report covers the following areas:
- Baghouse Filters Market size
- Baghouse Filters Market trends
- Baghouse Filters Market industry analysis
This study identifies the rise in the number of stringent emission control regulations as one of the prime reasons driving the baghouse filters market growth during the next few years.
Baghouse Filters Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the baghouse filters market, including some of the vendors such as AGET Manufacturing Co., Aircon Corp., Airex Industries Inc., Amerair Industries LLC, CECO Environmental Corp., Daikin Industries Ltd., Donaldson Co. Inc., Hamon & Cie (International) SA, Parker Hannifin Corp., and Scheuch GmbH. Backed with competitive intelligence and benchmarking, our research reports on the baghouse filters market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Baghouse Filters Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist baghouse filters market growth during the next five years
- Estimation of the baghouse filters market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the baghouse filters market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of baghouse filters market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Shaker baghouse filters - Market size and forecast 2019-2024
- Reverse air baghouse filters - Market size and forecast 2019-2024
- Pulse jet baghouse filters - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AGET Manufacturing Co.
- Aircon Corp.
- Airex Industries Inc.
- Amerair Industries LLC
- CECO Environmental Corp.
- Daikin Industries Ltd.
- Donaldson Co. Inc.
- Hamon & Cie (International) SA
- Parker Hannifin Corp.
- Scheuch GmbH
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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