The global electrostatic precipitator market is worth US$ 7 Billion as of now and is expected to reach US$ 15 Billion by the year 2033 at a CAGR of 8% between 2023 and 2033.
An Electrostatic Precipitator comes across as a particulate matter collection device that does away with carbon flakes as well as particulate matter from the flow gaseous stream using the force of induced electrostatic charge. This electrostatic force is basically used for moving particles out of the flowing gas stream onto the collector plates.
Out of tubular and plate precipitator, the latter one lets several flow lanes operate in parallel, which, in actual sense, does expand application area. Thermal power plants and petroleum vertical are into emission of a large quantity of particulate matter along with carbon flakes. It is essential to install an effective air pollution control system owing to strict environmental regulations.
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Additionally, digital technologies like AI, IoT, and automation are being adopted in the electrostatic precipitators. This factor does provide investment opportunities for the organizations to improvise on product offerings, thereby enhancing operational efficiency. They are being used in laboratories and medical facilities to ensure cleanliness. These days, these precipitators are being integrated with renewable energy sources like solar and wind power.
At the same time, the fact that higher capital investment is needed on the part of electrostatic precipitator for the small scale industries can’t be ignored. Also, it’s pretty challenging to alter capacity or move it to the other location after installation.
Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Electrostatic Precipitator market’. It has its team of analysts and consultants to look through a 360-degree approach across macros and micros.
“With quality of air deteriorating day after day, the demand for electrostatic precipitator is expected to rise on a substantial note going forward”, says and analyst from Future Market Insights.
Key Takeaways from Electrostatic Precipitator Market
- North America holds a sizable market share. This could be attributed to the US and Canada being subject to presence of majority of key players coupled with stern regulations imposed by government with regards to industrial emissions.
- Europe holds the second-largest market share with the UK witnessing an ever-increasing demand for electrostatic precipitators by cement and power generation verticals.
- The Asia-Pacific is expected to grow on the back of South Korea, Japan, and China due to the manufacturing vertical witnessing substantial growth herein.
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Competitive Precipitators
- Mechatronics Systems has come up with a novel series of electrostatic precipitators termed as ‘Mecha-P’. They make use of distinctive design facilitating simple installation as well as maintenance, reduction in operating costs, and delivery of high particulate removal efficiency.
- Mitsubishi Heavy Industries (MHI) has floored electrostatic precipitator for the coal-fired power plants using ‘heterogeneous corona discharge method’. This technology, apart from elimination of fine particulate matter, does reduce emission of sulfur dioxide.
- Babcock & Wilcox Enterprises (B&W) is known for its electrostatic precipitator technology termed as ‘B&W MEGTEC SPARC System’. The system makes use of advanced charging technologies for offering reduced emissions and higher particulate removal.
- Bionomic Industries, in July 2019, announced launching the novel Electrostatic Precipitator system. This new High Energy Ionizer wet electrostatic precipitator does incorporate an exclusive discharge electrode technology arresting minute air pollutants’ particles.
- Lesdi, in June 2022, entered into partnership with Fuel tech for improving the performance of electrostatic precipitators. It did present numerous case studies of new APC (Air Pollution Control).
- Pi Green, in August 2022, started creating technology-driven solutions to reduce particulate matter emitted by the diesel generators.
What does the Report state?
- The research study is based on system (dry and wet), by design (plate and tubular), and by emitting industry (power generation, chemicals and petrochemicals, cement, metal processing & mining, manufacturing, and marine).
- Call for keeping particulate matter below the environmental limits, the global electrostatic precipitator market is expected to grow on a remarkable note in the forecast period.
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Segmentation Analysis of the Electrostatic Precipitator Market
By System:
- Dry
- Wet
By Design:
- Plate
- Tubular
By Emitting Industry:
- Power Generation
- Chemicals and Petrochemicals
- Cement
- Metal Processing & Mining
- Manufacturing
- Marine
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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