3 Variables That Are Influencing the Rapid Growth of the Bag Filter Industry

In 2015, the global bag filter industry hit $9.13 billion in revenue, and the industry is expected to have a CAGR of 5.8 percent through 2020. Experts predict that this growth spurt will be dominated by the pulse jet filter bag. Currently, there are a number of variable in play that are serving to underwrite the consistent growth of the industry; however, there are three specific factors that have an exceptional amount of influence on industry growth.

1. An Increased Demand for Lower Emissions
For the last several years, power plants have been under increased pressure to reduce their emissions, which has resulted in the widespread installation of bag filters as a protective measure to guard against the release of harmful emissions. As the impact of emissions from power plants on the global environment is becoming clearer, the pressure from private and government agencies has increased exponentially. Industrial filters have proven to be invaluable in their capacity to reduce emissions. The use bag filters is preferred over electrostatic precipitators, due to their high level of efficiency and effectiveness.

2. An Increase in the Number of Coal-fired Power Plants
Between China and Japan, alone, the number of coal-fired power plants are increasing at an unparalleled rate. According to the most recent reports, China has committed to building more than 1,000 coal-fired power plants. They currently have more than 360 under construction, and they plan on building another 803 in the near future. At the same time, Japan has 43 plants currently under construction, and they are expected to add more. As the number of plants continue to grow the demand for industrial filters will also continue to grow in correspondence with plant growth.

3. Advancements in Technology and Performance
In 2014, the pulse jet bag filters accounted for more than 50 percent of the industry revenue, primarily due to the advancements in technology that subsequently increased the performance of the filters. In the past, more than 80 percent of the applications used reverse of shaker bag houses, but the advancement in technology associated with pulse jet filters has resulted in the increased use of this particular style filter.

4. Cost Efficiency
Another important factor is cost efficiency, which is a major concern for power plants. As the pressures continue to be turned up to reduce emissions, it threatens to negatively impact the profitability of these companies, but the pulse jet filters are extremely cost effective in comparison to other filtering methods.

With the constantly increasing need for power on a global scale, the rise in the number of power plants will continue, creating a concern for environmental advocates. Fortunately, the use of industrial filters will provide an effective solution to the dilemma.

Stop Coal
A new coal port for Metro Vancouver? Bad idea! - stop coal