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Electrostatic Precipitator Market size exceeded USD 8 billion in 2022 and is projected to expand at more than 6% CAGR from 2023 to 2032, owing to the introduction of stringent norms to mitigate air pollution.
Electrostatic precipitators have gained ground as a common air pollution control device in steam, chemical, medical, and other industrial plants. This is attributed mainly to the product’s ability to remove acid and oil mists, bacteria, and fungi from exhaust fumes. These filters can also handle heavy dust loads and large gas volumes, as well as enhance collection efficiencies. The increased fossil fuel combustion and the rapid introduction of strict policies and mandates to curb pollution levels will therefore drive the demand for electrostatic precipitator components.
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For instance, in September 2022, the Central Government of India set a target to lower 40% of particulate matter concentration across cities under the National Clean Air Program by 2026. These attributes, alongside the rising emphasis on the development of advanced systems in compliance with strict emission standards, will create lucrative growth opportunities for electrostatic precipitator equipment developers. However, the presence of low-cost alternatives, reduced flexibility, and limitations in gaseous emission control may hinder industry growth to some extent.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Electrostatic Precipitator Market Size in 2022: | 8.1 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.4% |
2032 Value Projection: | 15 Billion (USD) |
Historical Data for: | 2019 to 2022 |
No. of Pages: | 260 |
Tables, Charts & Figures: | 487 |
Segments covered: | System, Design, Emitting Industry |
Growth Drivers: | |
Pitfalls & Challenges: |
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Electrostatic precipitator market from the plate design segment is set to depict nearly 6% growth rate through 2032, given the high product adoption in shipboard engine rooms for oil mist control. Plate ESPs are also used in the wet dust collection of large quantities of process gas. In recent years, foreign direct investments in the processed fruits and vegetables sector have also increased, especially in emerging economies. These initiatives will bolster the production of plate ESPs in food processing applications to curb organic emissions.
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Electrostatic precipitator market value from the dry system segment is expected to surpass over USD 12.5 billion by 2032. Key factors boosting product penetration include high separating efficiency, low maintenance, increased temperature capacity, low operating costs, and enhanced durability. These filters can remove dry pollutants at a wide range of exhaust gas temperatures, thereby gaining application in power generation and other sectors. Furthermore, their extensive use in oil and gas, steel, cement, and power industries will assert a positive influence on the industry outlook.
In terms of emitting industry, the electrostatic precipitator market from the marine segment is predicted to observe 8% gains till 2032, due to the implementation of strict emission standards and regulations. The U.S. EPA, for example, has issued stringent exhaust emission standards for diesel engines installed in marine vessels, including small recreational vessels, tugboats, and large ocean-going vessels. Through the reduction of up to 99% of black carbon emission and particulate matter, ESPs can facilitate a sustainable operating environment for the shipping industry, and in turn, augment demand for the equipment over the foreseeable future.
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Asia Pacific electrostatic precipitator market size is slated to register approximately 6% CAGR through 2032. This growth is credited to the rapid industrialization and robust demand for advanced industrial equipment. Investment in high-rise residential projects has also surged, spurring the need for modernized pollution control solutions in the metal processing sector. Likewise, the introduction of strict directives to limit emissions will stimulate electrostatic precipitator construction for industrial applications across the region.
Top Companies operating in the global electrostatic precipitator market are
These firms are incorporating strategies such as new product launches, acquisitions, and collaborations to reinforce their presence in the global market.
For instance, in November 2020, GEA Group supplied new ETP (Electrostatic Tar Precipitator) for a steel-making company in Latin America. The product, with 99.9% of tar collection efficiency, was designed for use in steelworks to remove tar from the coke oven gas. This was intended to help the firm strengthen its presence in the industry.
The COVID-19 pandemic has asserted a negative influence on global industry verticals, including manufacturing. To limit the spread of the deadly virus, workers in the U.S. and abroad were instructed to stay at home, especially during the initial phase of the pandemic. These factors may have hindered the installation of ESPs across the manufacturing and other end-use industries. However, industrial production continues to bounce back to the pre-pandemic levels since the second half of 2021, thereby adding impetus to the business growth over the foreseeable future.
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Market Insights, By System
Market Insights, By Design
Market Insights, By Emitting Industry
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