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Follow on Google News | Fabric Filters for Thermal Power - Global Market SizeGlobal Fabric Filter Market Expected to see Significant Growth in the Future
By: Rajesh Gunnam Coal is expected to remain the dominant source for power generation over the forecast period. Over the period 2015-2020, upcoming coal fired power plants, especially in the Asia-Pacific region, is expected to drive the market. This coupled with growing air pollution awareness is expected to drive the fabric filter market revenues to $1,451m by 2020 PM emission norms have become stringent in China. The Chinese fabric filter market is expected to see considerable growth over the forecast period, growing from $35m in 2010 to $107m in 2020. The major driver for the growth of the fabric filter market in China is expected to be the increasing electricity demand which will lead to more coal fired power plants. The majority of the country’s electricity over the forecast period is expected to come from coal. The new power plants are expected to comply with the updated PM emission standards. Fabric filters are expected to be compulsory in power plants closer to urban areas. Apart from this, the older power plants will also be required to comply with the stricter PM emission norms, leading to retrofit orders for fabric filter companies. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ New stringent regulations in European and North American countries is expected to be a major driver for the fabric filter market over the forecast period 2010-2015. The majority of the power plants in these countries are aging. Their air pollution equipment was designed with the old air emission norms in mind, and as such the equipment is out of date. Growing awareness of the need to reduce fine PM (PM2.5) emissions and mercury emissions has promoted stringent emission norms in many countries. The proposed revised PM2.5 National Ambient Air Quality Standard (NAAQS) and Maximum Achievable Control Technology (MACT) act in the US is expected to benefit the fabric filter market. The finalization of new regulations by the Environmental Protection Agency (EPA) will require utilities to retrofit old ESPs with fabric filters, which is expected to benefit the North American fabric filter market in the short term. Awareness of air pollution in Asia-Pacific region is increasing, which has led governments in many countries to formulate new legislations for controlling PM emissions, thereby creating opportunities for the fabric filter market in the Asia-Pacific region. GlobalData’s “Fabric Filters for Thermal Power - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020” gives detailed information on the thermal power fabric filter market, focusing both on global and key fabric filter markets Drivers, restraints, challenges and revenue forecast, average pricing, market share analysis and volume sales are covered for the global market. The report covers eight key countries for fabric filter market. Revenue forecast, average pricing, market share analysis and volume sales analyis and regulations are covered at the country level. The report also covers the distribution and sourcing trend analysis for the fabric filter market. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a global market intelligence services company providing information research and analysis products and services. End
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