
Published On: Oct 2022
Published On: Oct 2022
At 4.9% CAGR, the Europe Bag Filter Market is projected 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.
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.
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