Global Electrostatic Precipitator Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global electrostatic precipitator market in its upcoming report titled, “Global Electrostatic Precipitator Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global electrostatic precipitator market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electrostatic precipitator market report has been segmented on the basis of technology, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
An electrostatic precipitator (ESP) is a particle control device that uses electrical forces to remove particles of flowing gas stream and onto collector plates. Electrostatic precipitator system consists of elements such as – a power supply such as transformer & rectifier, an ionizing source, dust removal mechanism, and an external enclosure to collect & discharge dust. There are following types of electrostatic precipitators – plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator.
Increasing health awareness, especially in urban areas is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing government stringent regulations for controlling air pollution levels is another factor expected to further fuel growth of the target market in the near future. Furthermore, rising demand for electricity coupled with growing industrialization is another factor expected to boost growth of this market. Moreover, already existing power plants are integrated with NOx catalytic control system – that increases concentration level of SO3. Increasing concerns towards SO3 reduction is expected to propel growth of the target market over the forecast period.
However, availability of substitutes and renewable energy sources for power plants are factors expected to restrain growth of the global market over the forecast period.
Technological advancements and research and development activities are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing investments in research and development, especially in China. The market in Europe is expected to register significant share in terms of revenue over the forecast period, owing to increasing demand for pollution control equipment by various industrial end-use applications. The market in North America is expected to register moderate growth over the forecast period, owing to growing industrialization and stringent government policies in various countries in this region.
Global electrostatic precipitator market segmentation:
Segmentation by technology:
- Dry electrostatic precipitator (ESP)
- Wet electrostatic precipitator (ESP)
Segmentation by application:
- Power Generation
- Other (petrochemicals, mining)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Alstom SA
- Babcock & Wilcox Enterprises, Inc.
- Mitsubishi Hitachi Power Systems, Ltd.
- Mitsubishi Heavy Industries Mechatronics Systems, Ltd.
- Thermax Limited
- Ducon Technologies Inc.
- Fujian Longking Co., Ltd.
- Hamon Corporation
- Siemens AG
- Balcke-Dürr GmbH
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