What is the global market size of Electrostatic Precipitator Market?

Electrostatic Precipitator Market size was valued at USD 6.63 billion in 2021 and is poised to grow from USD 6.91 billion in 2022 to USD 10 billion by 2030, growing at a CAGR of 4.2% in the forecast period (2023-2030).

Electrostatic Precipitator Market Size, Share, Growth Analysis, By Type(Wet, Dry), By Design(Plate, Tubular), By End Use(Power Generation, Chemicals, Metal, Petroleum Refineries), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Global Electrostatic Precipitator Market?

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.

Report ID: SQMIG20A2193 | Region: Global | Published Date: July, 2001
Pages: 242 | Tables: 91 | Figures: 77

Electrostatic Precipitator Market Dynamics

Electrostatic Precipitator Market Driver

Increase in Regulation against Air Pollution

Due to the implementation of an act by the Environment Protection Agency (EPA) to maintain the quality of clean air, all industries are mandated to install electrostatic precipitators. Due to rapid industrialization, there is a significant increase in air pollution in urban areas. There is an increasing need to control air pollution due to several health-related issues that are caused due to bad air. The emission of harmful gasses from industries needs to be controlled due to which the demand for electrostatic precipitators will increase.

Electrostatic Precipitator Market Restraint

High Initial Investment Cost

Due to its high implementation cost during the time of installation small-scale industries find it difficult to install. Small-scale industries have very low capital due to which the share of small-scale industries is lost.

Electrostatic Precipitator Market Report Snapshots

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Electrostatic Precipitator Market size was valued at USD 6.63 billion in 2019 and is poised to grow from USD 6.91 billion in 2023 to USD 10 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

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. 'Enviropol Engineers Pvt.Ltd.', 'General Electric Company', 'Mitsubishi Hitachi Power Systems Ltd.', 'Babcock & Wilcox Enterprises Inc.', 'Siemens AG', 'Fujian Longking Co. Ltd.', 'Thermax Limited', 'Hamon Corporation', 'Trion Inc.', 'Ducon Technologies Inc.', 'Clean Tunnel Air International AS', 'PPC Air Pollution Control Systems', 'Kelin Environmental Protection Equipment Inc.', 'Beltran Technologies Inc.', 'Total Air Pollution Control Pvt. Ltd.', 'FLSmidth & Co. A/S', 'Air Polonia SA', 'Marsulex Environmental Technologies', 'Envitech, Inc.', 'BHEL', 'Southern Erectors, Inc.'

Due to the implementation of an act by the Environment Protection Agency (EPA) to maintain the quality of clean air, all industries are mandated to install electrostatic precipitators. Due to rapid industrialization, there is a significant increase in air pollution in urban areas. There is an increasing need to control air pollution due to several health-related issues that are caused due to bad air. The emission of harmful gasses from industries needs to be controlled due to which the demand for electrostatic precipitators will increase.

Hybrid electrostatic precipitators (HESPs) combine two or more types of dust collection methods, such as wet scrubbing and electrostatic precipitation, to achieve higher removal efficiency. HESPs are becoming increasingly popular as they offer improved performance over traditional ESPs.

Asia Pacific holds the maximum 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.

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Electrostatic Precipitator Market Size, Share, Growth Analysis, By Type(Wet, Dry), By Design(Plate, Tubular), By End Use(Power Generation, Chemicals, Metal, Petroleum Refineries), By Region - Industry Forecast 2024-2031

Electrostatic Precipitator Market Dynamics

Electrostatic Precipitator Market Report Snapshots

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Which region accounted for the largest share in Electrostatic Precipitator Market?

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