The Electrostatic Precipitator Market is segmented by System Type (Dry and Wet), by Design Type (Plate and Tubular), by Emitting Industry Type (Power Generation, Chemicals and Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The Electrostatic Precipitator Market is segmented by System Type...
The Electrostatic Precipitator Market is expected to grow from USD 6.26 billion in 2022 to USD 7.62billion by 2028 at a CAGR of 3.26% during the forecast period.
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.
Market Drivers
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.
Segments Analysis
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 market is segmented into the following categories-
By System Type
Dry
Wet
By Design Type
Plate
Tubular
By Emitting Industry Type
Power Generation
Chemicals and Petrochemicals
Cement
Metal Processing & Mining
Manufacturing
Marine
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
By System Type
The market is bifurcated into dry and wet. Thedry system is likely to remain the more popular system for electrostatic precipitators in the foreseen 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.
By Design Type
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.
By Emitting Industry Type
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.
Regional Analysis
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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Key Players
The following are some of the key players in the electrostatic precipitator market:
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. The report segments and analyzes the market in the most detailed manner in order 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 to formulate 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 1,000 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.
Report Features
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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Electrostatic Precipitator Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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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 electrostatic precipitator 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.
Asia-Pacific is estimated to grow at the fastest rate in the coming five years owing to the rising demand for paper-based products in the packaging and printing & advertising sectors in China.
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.
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.
