USD 6.63 billion
Report ID:
SQMIG20A2193 |
Region:
Global |
Published Date: July, 2001
Pages:
242
|Tables:
91
|Figures:
77
Electrostatic Precipitator Market size was valued at USD 6.91 Billion in 2023 and is poised to grow from USD 7.2 Billion in 2024 to USD 10.42 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).
Massive economic growth and industrialization have exacerbated air pollution to the point where it requires immediate attention in order to reduce the rising carbon and GHG emissions. An effective system is required to stop the enormous amount of particulate matter coming from smoke and dusk. One of the most dependable and cutting-edge technologies for the collection of particulate matter is the electrostatic precipitator (ESP). The ESP is a particle collection device that uses the force of an induced electrostatic charge to remove carbon flakes and other particles from a gaseous flow. The particles are moved from the flowing gas stream and onto collector plates using the electrostatic force.
US Electrostatic Precipitator Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.63 billion
Largest Segment
Dry
Fastest Growth
Dry
Growth Rate
4.2% CAGR
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On the basis of type, the global electrostatic precipitator market is segmented into Wet and Dry. On the basis of end-use, Electrostatic Precipitator Market is segmented into Power Generation, Chemicals, Metal, Petroleum Refineries, Cement, and Others. On the basis of design, Electrostatic Precipitator Market is segmented into Plate and Tubular. On the basis of region,Electrostatic Precipitator Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Electrostatic Precipitator Market Analysis by Design
By design, the plate precipitator holds the maximum Global Electrostatic Precipitator Market share. It is widely used in different industries including coal-fired boilers, cement kilns, petroleum refining catalytic cracking units, etc. instead of the tubular precipitator. A tubular precipitator is only used in collecting fogs and mists, controlling particulate emissions from sulphuric acid plants. It is used only in places where emission particles are wet and sticky in nature.
Electrostatic Precipitator Market Analysis by Type
By type, dry electrostatic precipitator is one of the fastest growing in the segment. Based on usage, wet electrostatic precipitator is used in limited industrial processes such as the removal of sulfuric acid mist and droplets and others from gas streams. Large number of companies prefer dry electrostatic precipitators because of its property to withstand high temperatures and high particulate volume. The effectiveness is also more as compared to a wet electrostatic precipitator.
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Asia Pacific holds the maximum Global Electrostatic Precipitator Market share due to rapid industrialization and an uptick in economic performance in developing countries of the regions like India, Bangladesh, and China. To tackle the excess of air pollution in the country government is making mandatory rules to install electrostatic precipitators in a maximum of industries. Due to air pollution, China saw 1.58 million deaths and the number of deaths caused due to air pollution is equal to the number of deaths due to all other reasons.
Europe holds the second-largest position in terms of revenue. It is due to the high demand for controlling air pollution and the increase in health-related issues due to air pollution. Due to the high demand for the automotive industry in the region, the market is expected to grow at a prodigious rate. Major countries include Germany, Russia, and the UK.
North America is expected to grow at a constant rate due to ongoing construction activities and increasing awareness among industry players toward emission control. Major industrialists in this region are investing in R&D activities that is further expanding the market in this region.
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Electrostatic Precipitator Market Driver
Increase in Regulation against Air Pollution
Electrostatic Precipitator Market Restraint
High Initial Investment Cost
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Major players include- Siemens AG, General Electric, Babcock & Wilcox, and Ducon Technologies. These key manufacturers are focusing more on product developments to secure their market share. They are investing in R&D for new technological innovation and new designs.
Electrostatic Precipitator Market Top Player’s Company Profiles
Electrostatic Precipitator Market Recent Developments
Increasing Use of Hybrid ESPs
Use of Nano Materials
Development of Smart ESPs
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Electrostatic Precipitator Market analysis, the increasing number of coal-fired and gas-fired power plants with strict government regulations to keep air pollution under control will drive market growth. Rising construction activities and an increase in demand for power generation are creating a significant increase in air pollution. High installation cost and growing demand for renewable energy sources can hamper the growth of the market. Major manufacturers are investing heavily in R&D to gain a competitive advantage over others.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 6.63 billion |
Market size value in 2031 | USD 10 billion |
Growth Rate | 4.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Electrostatic Precipitator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrostatic Precipitator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrostatic Precipitator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electrostatic Precipitator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20A2193
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