The worldwide electrostatic precipitator market is expected to rise at a CAGR of 4.00%, with a significant value during 2022-2030.
The huge industrialization and the economic development have taken air pollution to a critical stage, and they need immediate attention to mitigate the rising carbon and the GHG emission. An efficient and effective system is needed to arrest such a colossal amount of the particulate matter from dusk and the smoke; the electrostatic precipitator is one of the most reliable and advanced technologies widely used to collect the particulate matter.
The electrostatic precipitator is a particulate matter collection device that removes the carbon flakes and the particulate matter from the gaseous flow stream using the force of the induced electrostatic charge. The electrostatic force moves the particles from the flowing gas stream and onto the collector plates. Once the particles are collected on the plates, they are removed by knocking the plate allowing it to slide down into the hopper. It can be operated at very high temperatures and pressure. Thus it’s often employed where high efficiency is required with the minimum power consumption. The plate precipitator allows several flow lanes to operate parallel, expanding its application area. The petroleum industry and the thermal power plant emit much particulate matter and carbon flakes.
The key players of 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.
Global Electrostatic Precipitator market is expected to witness a moderate growth of 4.0% during the forecast period (2022-2030) owing to tightening air pollution control regulations. Government regulations in Asian countries related to environment conservation are likely to drive the demand for electrostatic precipitator. For instance, Beijing set the target for improving the number of days to improve the air to 80%. Thus, driving the market for new Electrostatic Precipitator. To reduce smog, Beijing has also planned and asked the cement as well as steel plants to suspend or lower down their production. It also conducted frequent environmental inspections of local authorities and households in the country’s north to switch from coal to natural gas for heating. On the other hand, China’s ministry exceeded its target set for air pollution action plan in 2013. Similarly, in its five-year plan until 2020. China’s national air pollution plan has brought tremendous reductions in pollution levels and associated health risks. 2017 in the country, witnessed the slowest air quality improvement on record.
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 is a particle control device used in industries in order to minimize air pollution. It uses electrical forces to move the particles out of the flowing gas stream and onto collector plates. There are various component of an electrostatic precipitator including inlet, insulator chamber, collecting rapping, inspection door, screw conveyor, rapper drive station, among others. 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.
Tightening air pollution control regulations will drive the electrostatic precipitator market. Moreover, growth of coal-fired power plants and growth of cement industry present significant opportunities for electrostatic precipitator market. Also, Asia-Pacific in collaboration with China’s Ministry of Environmental Protection (MEP) is focusing on key areas such as improving air quality, reducing water pollution, improving environmental enforcement, and enhancing environmental cooperation. In line with this initiative, in August 2017, two-day workshop was organized on environmental inspections.
The global Electrostatic Precipitator market is projected to grow at a moderate growth rate during the forecast period, mainly due to growing environmental concerns. For instance, in October 2016, Manila Declaration on Health and Environment was signed in order to commit and take the action to address environment and health in the context of the sustainable development goals. All these factors are likely to drive the demand for Electrostatic Precipitator.
|Market Size||2030: Significant Value|
|CAGR||4.0% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Component and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||
|Key Market Drivers||Tightening air pollution control regulations|
The electrostatic precipitator market can thrive at 4% CAGR in the evaluation period.
General Electric (US), Babcock & Wilcox (US), and Mitsubishi Hitachi Power Systems (Japan) are some major players of the electrostatic precipitator market.
The worldwide market of electrostatic precipitator can attain considerable valuation during forecast period.
The urgency to curb air pollution can impel the electrostatic precipitator market expansion.
Power plants, chemical industry, cement manufacturers, and metal producers are consumers of electrostatic precipitator.