The global market for electrostatic precipitator is expected to garner a CAGR of 4 % during the forecast period (2016-2023), says Market Research Future (MRFR). Electrostatic precipitator uses electrostatic charges to separate particles from a dirty gas stream. The main types of electrostatic precipitators include plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator. A detailed analysis report of COVID-19 impact on Electrostatic Precipitator Market Size is provided with the report.
Top companies shaping the worldwide electrostatic precipitator market include Trion (US), Mitsubishi Hitachi Power Systems (Japan), Ducon Technologies (US), Siemens AG (Germany), General Electric (US), Thermax Global (India), Fujian Longking (China), Hamon Group (Belgium), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), among others.
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Top Drivers and Key Barriers
Rapid population surge, particularly in urban areas combined with mounting health awareness is leading to significant market expansion. Strict regulations to bring down air pollution levels also stimulate growth of the electrostatic precipitator market.
Massive efforts are being put to restrain rising pollution all over the world. Government initiatives are being announced that facilitate environment safety. One such initiative has been furnished by the Environment Protection Agency (EPA), for the improvement and maintenance of the air quality in the Clean Air Act, 1970. The EPA has also furnished a number of programs that help bring down pollution levels. These kinds of programs, regulations, and policies are working in favor of the electrostatic precipitator market across the globe.
The rapid industrialization around the world has led to a massive surge in air pollution, mostly in urban areas. Also, unsupervised chemical gases emission, as well as fumes from industrial, automotive and construction activities, has made the air highly toxic in the recent decade. This factor is deemed to benefit the market in the years to come.
Electrostatic Precipitator Market Segmentation
The electrostatic precipitator market has been split into the segments of type, component, and end-user.
With respect to type, the market can be considered for dry ESP and wet ESP. The dry ESP segment is leading the global market, as these types of electrostatic precipitators enjoy high demand. The high demand is the result of their ability to withstand high particulate volumes and high temperatures, low electricity consumption along with their cost-effectiveness.
The market, depending on the component, includes hardware, software & services. The hardware segment is projected to gain the top spot in the market in the years to come. The segment’s significant growth in the market is in response to the rising demand for hardware component for manufacturing different types of electrostatic precipitators. Hardware component such as discharge electrodes, high voltage electrical systems, rappers, shell and collection electrodes form an integral part of electrostatic precipitators
The end-users mentioned in the MRFR report include power, metals, cement, chemicals, and others.
The MRFR report gives the analyzation of the electrostatic precipitator market with respect to the primary regions of North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW).
APAC has the highest chances of gaining the top spot in the global electrostatic precipitator market during the forecast period. The spike in the economic status of the region, particularly of China, has given way to large investments in research and development as well as technological innovations. The region is undergoing noteworthy changes, with respect to economic disparity in rural and urban population, air pollution control and urbanization. Also, a number of players in the region, by making considerable investments in this field, are now able to offer high-quality products to higher number of end-users.
The electrostatic precipitators market in Europe is the second-largest in the world, with Russia, Germany, the United Kingdom (U.K.), Italy, Spain as the leading countries. Strong demand for pollution control equipment across diverse prominent end-use applications in the region benefits the market to a great extent.
In North America, high adoption rate of the latest technologies and subsequent renovations in the power plants are few highly attractive opportunities that could induce further market growth in the future. Several electrostatic precipitator manufacturers in the region are striving to develop mobile apps as well as other technologically advanced mechanisms to help remote areas access pollution control units. This factor is exhibited to have a profound effect on the regional market during the review period.
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