Electrostatic Precipitator Market 2019 Industry Revenue Status 2023

Posted by Anvi on November 14th, 2019

An electrostatic precipitator (ESP) is a device which filters fine particles such as smoke and dust from flowing gas. ESP is particularly used in industrial applications to reduce air pollution. The global electrostatic precipitator market is predicted to witness market expansion at a CAGR of 4% during the assessment period. Market Research Future has surveyed the entirety of the market for its market report on the subject. Another vital application of ESP is as a filtration device in industries like chemical, power, and paper among others.

Pollution control has become a priority in many urban areas of the world, and growing environmental consciousness has resulted in the implementation of increasingly stringent regulations. This is expected to impact the global electrostatic precipitator market in a positive manner to a large degree. Certain countries in the world have achieved incredibly high pollution rates due to industrialization, urbanization and the growth of the automotive industry among other reasons. Such countries are actively implementing stringent laws that support and encourage the adoption of ESPs.

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Industry Highlights:

Electrostatic precipitator is a device used to remove the dust and ash particles with the exhaust gases of power plants. Electrostatic precipitator uses electrostatic charges to separate particles from a dirty gas stream. Moreover, it is designed to trap and remove the dust particles from the exhaust gas stream in the industries such as chemical, paper, and power, among others. The main types of electrostatic precipitators include plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator.

Competitive Landscape:

The key players of the global Electrostatic Precipitator market are Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US), among others.

Electrostatic Precipitator Market Segmentation

Global electrostatic precipitator market has been segmented based on type, component, end-user, and region. Based on type, the market has been classified into dry ESP and wet ESP. The dry ESP segment dominates the market as the growth of these types of electrostatic precipitators can be attributed to its ability to withstand high temperatures and high particulate volumes, low electricity consumption, and cost-effectiveness. 

Electrostatic Precipitator Regional Market Analysis:

Region wise, Asia-Pacific held the largest market share of the global Electrostatic Precipitator market in 2017. Increasing air pollution due to particulate emission, growing industrialization, and presence of many thermal power plants will drive the demand for electrostatic precipitator in Asia-Pacific region. Moreover, increasing implementation of electrostatic precipitators in industries such as steel, cement, and chemical in the Asian region is also going to drive the market for electrostatic precipitator.

Scope of the Report

This report provides an in-depth analysis of the global Electrostatic Precipitator market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Electrostatic Precipitator market by its type, component, end-user, and region.

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