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Global Fabric Filter Market 2012-2016

Global fabric filter market: 5% CAGR growth expected between 2012-16


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2014-01-30 05:05:03 - Global Fabric Filter Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Fabric Filter market is to grow at a CAGR of 4.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing awareness of the impact of air pollution. The Global Fabric Filter market has also been witnessing an increasing demand for fabric filters in power industries. However, the increasing production of alternative energy could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Fabric Filter market is the emergence of Chinese fabric filter bag manufacturers. A number of Chinese fabric filter bag manufacturers have emerged over the past few years. The proliferation is largely attributed to the growth of the Chinese Manufacturing

 

 

sector; these manufacturers have also started to expand their footprint to other regions across the globe. This trend could turn into a threat for other fabric filter bag manufacturers as it would be very difficult to compete against the Chinese with respect to pricing.

One of the main factors driving the market is the greater emphasis on establishing an eco-friendly brand image. Various steps are being taken to appeal to the environmentally conscious consumer and to have a positive impact on the environment and community, due to which companies have been pressurized to deploy/use better pollution control equipment in the manufacturing units.

One of the main challenges is the low awareness about pollution control in developing countries. As the awareness among people about pollution in these regions is low, the rules and regulations made by the governments are also not so stringent.

The key vendors dominating this space include Donaldson Company, Nederman Corporation Inc., Pall Corporation, and Siemens AG.

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