Electrostatic Precipitator Market size was valued at USD 8.5 billion in 2015, and will grow at over 9% CAGR estimation to reach USD 18 billion by 2024.
Rising environmental, safety, and health concerns in reducing air pollution will fuel industry growth through 2024. Factors, such as low operational cost, high efficiency, and the ability to operate across wide temperature ranges, will catalyze electrostatic precipitator market size.
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The industry is predicted to witness potential opportunities owing to rising thermal power plant construction & renovation across the globe. In addition, attributes offered by these systems, such as silent operation and high response time, catalyze the product demand. Furthermore, its ability to eliminate the need for additional air compression systems helps in avoiding the auxiliary cost and this may positively impact electrostatic precipitator market share through 2024. The escalating need for reducing air pollution levels and stringent environmental norms could be a key reason for its penetration across developed and developing nations.
U.S. electrostatic precipitator market share is forecast to witness consistent growth due to strict government policies for reducing environmental pollution throughout the region. Escalating industrial investments that focus on the improvisation of gas filtration efficiency in the U.S. will drive product demand from 2016 to 2024.
The Europe electrostatic precipitator market size may witness moderate growth prospects due to decreasing industrial revenues in coal-fired generators as well as steel mills.
Key players in the global electrostatic precipitator market include Babcock & Wilcox., Balcke-Durr, Alstom, Siemens, Trion, Total Air Pollution Control, and Clean Tunnel Air International. Rising focus on research and development while manufacturing superior products by industry players may offer a competitive edge over the forecast period. Rising thermal power generation is likely to produce many lucrative opportunities for industry participants. Competition is anticipated to intensify with increasing technological advancements, product extensions, joint ventures, and collaborations among industry participants.
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This latest Electrostatic Precipitator Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Electrostatic Precipitator industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Electrostatic Precipitator Market Size, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”. in detail along with the table of contents:
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Key Insights in this Report
- Electrostatic Precipitator Market size & forecast by product & application.
- Growth drivers, pitfalls & industry challenges.
- Key Electrostatic Precipitator Market growth opportunities & emerging business models.
- Competitive benchmarking with market share analysis and company profiles.
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