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Electrostatic Precipitator Market Growth Analysis | 2023-2028
Electrostatic Precipitator Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The electrostatic precipitator market was estimated at USD 6.26 billion in 2022 and is likely to grow at a CAGR of 3.26% during 2023-2028 to reach USD 7.62 billion in 2028.
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An electrostatic precipitator is a filtering device installed in the flue gas passage from the furnace to the chimney to filter the flue gas before it enters the chimney. It employs electrical energy to remove fine particles from a gas stream, such as dust or smoke, by charging particles either positively or negatively. These charged dust particles are then drawn to collector plates that are charged in the opposite direction. These precipitators must operate continuously with minimal maintenance, be highly efficient and reliable, and have a low operating cost.
Rising international regulations for emission reduction, combined with rapid industrialization in emerging economies around the world, will continue to drive market growth. Because of their increased efforts to meet their emission reduction goals, the cement industry and power plants are expected to adopt the product more in the future. Furthermore, the implementation of various tax emission control measures, such as tax burden and compulsion to upgrade existing systems, would support market growth.
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The following are some of the key players in the market:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
|
System Type Analysis |
Dry and Wet |
The dry system is likely to remain the more popular system for electrostatic precipitators in the foreseeable future. |
|
Design Type Analysis |
Plate and Tubular |
Plate design is expected to remain the preferred design type during the forecast period. |
|
Emitting Industry Type Analysis |
Power Generation, Chemicals and Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine, and Others |
The power generation industry is likely to remain the biggest demand generator for electrostatic precipitators during the forecast period. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific is expected to remain the largest and fastest-growing market for electrostatic precipitators over the forecast period. |
The market is bifurcated into dry and wet. The dry system is likely to remain the more popular system for electrostatic precipitators in the foreseeable future owing to its high efficiency for separation, coupled with limited operating cost. It has the ability to collect dust in a wide range of temperatures, ranging from room temperature to 100°C. Furthermore, due to its high applicability for dry pollutant particles and operating efficiency over a wide range of exhaust gas temperatures, this system is suitable for a broad range of industries.
The market is segmented as plate and tubular. Plate design is expected to remain the preferred design type during the forecast period on account of its increasing adoption across industrial applications involved in organic emissions, which include food processing and heat-treating industries. Parallel plates are used as collecting electrodes in this design, which are used for collecting wet dust from large quantities of process gas.
The market is segmented as power generation, chemicals and petrochemicals, cement, metal processing & mining, manufacturing, marine, and others. Among these industries, the power generation industry is likely to remain the biggest demand generator for electrostatic precipitators during the forecast period on account of rising electricity demand from the world's emerging economies, paired with the obligation to control SO3 emissions. Furthermore, the adoption of several emission control measures for coal-fired power plants, the world's largest source of electricity generation, would provide impetus to market growth.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for electrostatic precipitators over the forecast period, owing to rising air pollution from particulate emissions, rapid industrialization, and the presence of several thermal power plants, cement, steel, and chemical manufacturers in the region. Furthermore, increasing demand for paper-based products in China's packaging and printing & advertising sectors has prompted major paper industry manufacturers to increase product output. The use of electrostatic precipitators in the paper industry to remove hazardous soot and ash from exhaust gases is also supporting the growth of the market in the region.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electrostatic precipitator market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our electrostatic precipitator market report from the industry stakeholders, we have tried to further accentuate our research scope to the electrostatic precipitator market to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as in formulating the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The electrostatic precipitator market is segmented into the following categories-
By System Type
By Design Type
By Emitting Industry Type
By Region
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Company Profiling
Competitive Benchmarking
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An electrostatic precipitator is a filtering device installed in the flue gas passage from the furnace to the chimney to filter the flue gas before it enters the chimney. It employs electrical energy to remove fine particles from a gas stream, such as dust or smoke, by charging particles either positively or negatively. These charged dust particles are then drawn to collector plates that are charged in the opposite direction. These precipitators must operate continuously with minimal maintenance, be highly efficient and reliable, and have a low operating cost.
The electrostatic precipitator market was estimated at USD 6.26 billion in 2022.
The electrostatic precipitator market is likely to reach USD 7.62 billion in 2028.
The electrostatic precipitator market is likely to grow at a CAGR of 3.26% during 2023-2028.
Rising international regulations for emission reduction, combined with rapid industrialization in emerging economies around the world, are expected to drive market growth in the coming years.
Asia-Pacific is estimated to be dominant in the market in the coming years due to rising air pollution from particulate emissions, rapid industrialization, and the presence of several thermal power plants as well as cement, steel, and chemical manufacturers in the region.
General Electric, Babcock and Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Thermax Limited, Fuel Tech, Inc., FL Smidth & Co. A/S, GEECO Enercon Pvt Limited, Zhejiang Feida Environment Science & Technology Co. Ltd, Fujian Longking Co., Ltd., and Hamon Research Cottrell, Inc. are some of the key players in the market.
The power generation industry is likely to maintain its dominance in the market in the next five years owing to rising electricity demand from the world's emerging economies, as well as the obligation to control SO3 emissions.
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