Electrostatic Precipitator Market Size By Product (Dry, Wet), By Application (Power Plants, Chemicals And Petrochemicals, Cement, Metal, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Spain, Italy, Netherlands, Russia, Ukraine, Belarus, China, India, Japan, South Korea, Indonesia, Australia, Saudi Arabia, UAE, South Africa, Nigeria, Angola, Brazil, Argentina, Venezuela, Chile, Peru), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2016 – 2024
Published Date: December 2016 | 119 Pages | Report ID: GMI798 Report Format: PDF
Electrostatic Precipitator Market size was above USD 5 billion in 2015 with forecast to grow over 5% from 2016 to 2024.
U.S. Electrostatic Precipitators (ESP) Market Size, by application 2013-2024 (USD Million)
Stringent government standards toward air pollution with growing concern related to carbon footprint will drive the global electrostatic precipitator market size. In Europe, various directives towards emission including 2010/75/EU has been imposed on manufacturing industries to regulate the industrial pollutant emission.
Increasing electricity demand coupled with rapid industrialization is anticipated to drive demand. ESP is used to collect fine particles including smoke and dust from flowing gas by application of electrostatic force. Growing demand from chemical and power plant subject to its high collector efficiency will further compliment the business growth.
Existing Power plant is integrated with Nox catalytic control system which increases the overall concentration level of SO3. Growing concerns over reduction of SO3 may propel the electrostatic precipitator market share during the forecast period.
Increasing spending on construction and infrastructural development in developing economies may stimulate the industry growth in future. In India, government has introduced major initiatives to develop 98 smart cities which may boost the positively affect the business. Increasing popularity of fabric filters may hinder the growth of in coming years.
Dry electronic precipitator market share was valued at USD 4 billion in 2015 and is expected to witness a growth over 5%. It offers 99.9% collection efficiency with low maintenance and operating cost. It is used to collect dry pollute particle.
Wet ESP market could witness moderate growth from 2016 to 2024. It is designed to operate in saturated gas condition and used to collect sticky, wet, explosive, flammable as well as high resistive particle. These products find its wide application in paper and pulp, textile, sulfuric acid and other manufacturing industries. It offers over 90% efficiency and has a potential to collect submicron particle which cannot be captured by dry ESP.
Power plant applications were valued at over USD 1 billion in 2015. Increasing electricity demand from developing counties will favor the business growth. It is one of the highest pollutant emitting industry where several measures have been adopted to control the emission.
Chemical and petrochemical industry application contributed over 20% of global electrostatic precipitator market size in 2015. Growing demand for refined petroleum products such as diesel, lubricant, asphalt and LPG may further compliment the industry outlook.
ESPs deployed at cement industry were valued at over USD 700 million in 2015 and are anticipated to witness growth over 4% by 2024. High demand from residential, industrial, infrastructure and commercial is likely to drive the growth in near time.
Changing economics of production and distribution coupled with shift in consumer demand and emergence of technology advance products will stimulate demand across manufacturing applications.
Rapid industrialization with increasing construction spending is likely to favor the overall industry growth. India electrostatic precipitators market size is anticipated to exceed USD 800 million by 2024.
Chile was valued at over USD 30 million in 2015 and is expected to grow subject to increasing mining activities in the region. Increasing precious metal demand along with emerging economies may stimulate mining industry demand.
With respect to Europe electrostatic precipitator market size, UK will grow at handsome rate of over 6% from 2016 to 2024. Large industrial power projects coupled with government norms toward air pollution may boost the business in future.
U.S. electrostatic precipitator market share contributed over 60% of North America in 2015 and is expected to witness moderate growth owing to increasing demand for infrastructure renovations. Additionally, more number of players are present in this region which have created awareness regarding system installation and upgradation technologies to control pollution.
In November 2016, China announced to increase its power generation capacity by 19% over next five years, which will act as a key stimulant for the industry
Competitive Market Share
Major participants of the electrostatic precipitator industry are GEECO Enercon Pvt. Ltd, Babcock & Wilcox Enterprises, Siemens AG, Clean Tunnel Air International AS, Ducon Technologies Inc., Mitsubishi Heavy Industries Mechatronics Systems, Fujian Longking Co., Ltd., Blacke-Durr GmbH, Total Air Pollution Control Pty. Ltd., Trion Inc., Mitsubishi Heavy Industries Mechatronics Systems, Hamon Corporation (U.S.), Thermax Ltd. (India).
Industries are the major source of stationary pollutants for the atmosphere, these pollutants can be either destroyed or controlled by converting toxic substance into less harmful chemicals through various technologies such as, selective catalytic reduction. Stringent government standards coupled with growing concern to reduce greenhouse gas emission will positively encourage the growth of this industry. Increasing installation of coal fired power plant with increasing energy demand will further stimulate the industry growth. Additionally, traditional ESP is not able to work efficiently under stringent regulation so implementation of upgraded or new ESP system will further complement growth.
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