Electrostatic Precipitator Market Size Outlook:
Electrostatic Precipitator Market Size is expected to be valued at USD 9.5 Billion, with a CAGR of 4.00% Forecast by 2030
The global electrostatic precipitator market is witnessing continually rising revenues. Stringent government policies to control air pollution and rapidly increasing usages of electrostatic precipitators drive the market growth. Moreover, the shipping industry witnessing an uptick in maritime transport and seaborne trade substantiates the market size due to strict regulation against gaseous emissions.
Additionally, spurting growth in end-user sectors, including automotive, and chemicals foster the growth of the market. On the other hand, stringent safety norms and standards for product approval impede the growth of the market. Nevertheless, the increasing interest in shale gas extraction is expected to support the market's growth, creating the demand for the scrubber system. Furthermore, the adoption of global policies of maintaining safe ecological standards increases sales in the market.
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Scope Of Electrostatic Precipitator Industry Ecosystems
| Revenue Growth Rate (CAGR) by 2030 | 4.00% |
| Market Growth Forecast | 2023 - 2030 |
| Emerging Market Segments | by Type (Dry and Wet), Component (Hardware and Software & Services), End-User (Power, Metals, Cement, Chemicals) End-User (Production and Processing) |
| Market Survey Data | Recession Impact, Pricing Analysis, Patent Analysis, Value Chain Analysis, Policy and Regulations, Disruptions And Trends, Supply And Demand Trends, International Competition and others. |
| Market Opportunity & Predictions in | Asia-Pacific |
| Product Mapping by Regions | Rest of America, US, Canada, Mexico, Brazil, Argentina, Germany, UK, Russia, Italy, Rest Of Europe, China, Japan, India, South Korea, Rest Of Asia-Pacific, Saudi Arabia, UAE, Iran, Qatar, Rest Of The Middle East, South Africa, Nigeria, Rest Of Africa, ROW |
Global Electrostatic Precipitator Market Size - Regional Analysis
The Asia Pacific region dominates the global electrostatic precipitator market. Stringent regulations against the increasing pollution levels are compelling a number of industries to implement electrostatic precipitators in their production. Moreover, increasing uptake of electrostatic precipitators in metals & mining, and chemical industries impact the growth in the regional market.
The drastic shift in eco-awareness and environment protection is substantiating the regional market growth. China and South Korea are lucrative markets attracting market titans.
Size of Electrostatic Precipitator Market - Competitive Analysis
The electrostatic precipitator market appears to be well-established yet competitive due to the presence of many small and large-scale players. Matured players incorporate strategic initiatives such as acquisition, collaboration, expansion, and product & technology launch to gain a competitive advantage in this market.
Global Electrostatic Precipitator Market - Segmentation
The report is segmented into type, component, end-users, and regions. The type segment is sub-segmented into ESP and wet ESP. The component segment is sub-segmented into inlets, insulators chambers, inspection doors, collecting rapping, screw conveyors, rapper drive stations, and others. The end-user segment is sub-segmented into power, metals, cement, chemicals, and others.
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Major Players:
Players leading the electrostatic precipitator market manufacturers include General Electric (US), Siemens AG (Germany), Mitsubishi Hitachi Power Systems (Japan), AMEC Foster Wheeler (UK), Babcock & Wilcox (US), Thermax Global (India), Fujian Longking (China), Ducon Technologies (US), Trion (US), and Hamon Group (Belgium), among others.
Industry/ Innovation/ Related News:
Aug. 09, 2021 --- Ecospray (Italy) announced the development of a new wet electrostatic precipitator for eliminating particulate matter and black smoke emitted by passenger ships and other vessels.
The solution removes visible smoke from a ship's funnel, capturing particles and condensable molecules like sulfur oxides. The new WESP system can be integrated into an existing desulphurization tower/ installed as a stand-alone unit for open-loop and hybrid exhaust gas cleaning systems (EGCS).
Some of the Key Evaluation Pointers of Electrostatic Precipitator Market Report Data 2023:
- Emerging Markets
- Developed Markets
- Market Growth Forecast
- Market Entry Strategies
- Emerging Markets Outlook
- Market Survey Data
- Vendor Share Research
- Vendor Strategies
- Vendor Assessment
- Market Share By Company
- Regional Footprint
- Market Regional Statistics
- Market Share Data
- Market Share By Region
- Market Regional Expansion
- Market Regional Assessment
- Export, Import Data, And Market Share
- Volume/Value, Future Growth Potential
- Long Term (~10 Years) Price Outlook
- Future Business Outlook and many more.
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