Electrostatic Precipitator Market Comprehensive Analysis 2020, Top Manufacturers, Global Size, Estimation, Share, Business Opportunity and Key Players by Forecast to 2023

Electrostatic Precipitator Market Comprehensive Analysis 2020, Top Manufacturers, Global Size, Estimation, Share, Business Opportunity and Key Players by Forecast to 2023

Electrostatic Precipitator Market
The global market for electrostatic precipitators is expanding considerably due to the grossing factors such as tightening air pollution control regulations. It has been one of the critical factors that influenced the market in building its position for past years. Electrostatic Precipitator Market Report by Type (Dry and Wet), Component (Hardware and Software & Services), End-User (Power, Metals, Cement, Chemicals) End-User (Production and Processing), & Region – Global Forecast till 2023

Electrostatic Precipitator Market Scope

The global Electrostatic Precipitator Market 2020 can attain a CAGR of 4% between 2016 and 2023 (forecast period), estimates Market Research Future (MRFR) in its new report. 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.

Top Companies:

Top companies that are inducing expansion of the worldwide electrostatic precipitator market are Babcock & Wilcox (US), Mitsubishi Hitachi Power Systems (Japan), Thermax Global (India), AMEC Foster Wheeler (UK), Siemens AG (Germany), Trion (US), Fujian Longking (China), Hamon Group (Belgium), Ducon Technologies (US), General Electric (US), among others.

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Top Drivers and Key Barriers

Huge efforts are being given all around the world in order to curb the increasing pollution level. Government initiatives are aimed at facilitating environment safety. One instance of such an initiative is by the Environment Protection Agency (EPA), with the main objective being the improvement as well as maintenance of the air quality, which comes under the Clean Air Act, 1970. The EPA has also come up with several programs that work on reducing pollution levels. Such programs along with regulations and policies are helping the electrostatic precipitator market size expand substantially all across the globe.

Rapidly expanding population, especially in urban areas and the mounting health awareness is resulting in considerable market expansion. Rigid regulations aimed at curbing the air pollution levels are working in favor of the electrostatic precipitator market. A variety of industries has varying efficiency requirements. The electrostatic precipitator efficiency depends on its ability to gather dust from the flue gases. Its efficiency also depends on the particle size of the aerosol, such as dust, mist, and others that need to be collected. Based on these requirements, different industries are adopting electrostatic precipitators with high quality and this is projected to benefit the global market during the evaluation period. The efficient electrostatic design needs to be flexible, temperature-wise, which also boosts its demand across various industries.

Over the years, many regions across the globe have noted rapid industrialization that has led to a significant increase in air pollution. This has also led to a hike in the unsupervised chemical gas emission, coupled with fumes from automotive, construction and industrial activities that make the air highly toxic. With this, the need for electrostatic precipitator has mounted significantly and is anticipated to give a substantial boost to the market growth in the following years.

Market Segmentation

The electrostatic precipitator market has been thoroughly covered in the MRFR report, with respect to segments like type, component, and end-user.

The types of electrostatic precipitators discussed in the report are dry ESP as well as wet ESP. The dry ESP segment has obtained the top position since these types of electrostatic precipitators can bear high particulate volumes as well as high temperatures, consume low electricity and are cost-effectiveness, which fuel its demand in the market.

The market, depending on the component, comprises software & services and hardware. The hardware segment has the potential to achieve the leading position in the market, thanks to the mounting demand in the manufacturing process of various types of electrostatic precipitators. Hardware components such as high voltage electrical systems, discharge electrodes, shells, collection electrodes, and rappers are an important component of electrostatic precipitators.

The key end-users that are making extensive use of electrostatic precipitators are metals, power, chemicals, cement, and others.

Regional Outlook

The MRFR report has analyzed the electrostatic precipitator market extensively and reveals that the primary regions across which the market is projected to grow in the coming years include Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).

APAC is anticipated to gain the highest spot in the global electrostatic precipitator market during the assessment timeframe, given the growth in the economic status of the region, especially in China. The said economic growth in the region has given way to considerable investments in research and development and a surge in technological innovations has also been noted in recent years. In recent years, the region has undergone numerous noteworthy changes, such as economic growth among the rural and urban population, surge in air pollution levels as well as urbanization. Additionally, there has been an increase in the number of players, who are making sizeable investments in the field, in order to provide high-quality products to a higher number of end-users.

The European market for electrostatic precipitators comes a close second to APAC, in terms of value. The leading markets in the region are Germany, Russia, Italy, the United Kingdom (U.K.), Spain and more. Robust demand for pollution control equipment across different end-use applications helps the market size expand in the region.

North America is a strong contender in the global market, given the high adoption of the latest technologies as well as the rising number of renovations in power plants. A number of electrostatic precipitator manufacturers are developing mobile apps and other technologically advanced mechanisms that can assist remote areas in accessing the pollution control units.

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