Electrostatic Precipitator Market Size By System (Dry, Wet), By Design (Plate, Tubular), By Emitting industry (Power Generation, Chemicals And Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Oct 2018 | Report ID: GMI798 | Authors: Ankit Gupta, Aditya Singh Bais
Electrostatic Precipitator Market size exceeded USD 5 Billion in 2017 and is projected to achieve over 5% CAGR up to 2024. Increasing stringency of international standards toward reducing air emissions coupled with rapid industrialization across the emerging economies will drive the global electrostatic precipitator industry growth.
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Growing electricity demand along with rising environmental concerns to curb industrial air pollution will further augment the adoption of these systems. The need to replace existing ESP systems in aging power plants will create new opportunities for the market.
Global electrostatic precipitator market statistics will witness an appreciable growth on account of rising measures toward reducing the air emissions. The rising adoption of these systems across the cement industry is attributed to the ongoing construction and infrastructural activities. According to CDP report in 2018, cement producers need to double their emission reductions in order to meet the Paris agreement’s. 20 C global warming target.
Increasing government measures to curb particulate matter owing to rising air borne health issues will accelerate the electrostatic precipitator industry growth. Adoption of various emission control measures including tax burdens and the need to upgrade existing systems will further complement the business landscape. As per ICIS, the government of China aims to reduce NOx and SO2 levels by 3% in 2018 along with achieving decline in particulate matter (PM2.5) concentration.
|Base Year:||2017||Market Size in 2017:||5 Billion (USD)|
|Historical Data for:||2013 to 2017||Forecast Period:||2018 to 2024|
|Forecast Period 2018 to 2024 CAGR:||5%||2024 Value Projection:||8 Billion (USD)|
|Pages:||261||Tables, Charts & Figures:||363|
|Geographies covered (27):||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, Chile, Peru|
|Segments covered:||System, Design, Emitting industry and Region|
|Companies covered (24):||General Electric, Babcock and Wilcox Enterprises, Inc.,Bharat Heavy Electricals Limited,Thermax Limited,Fuel Tech, Inc., FL Smidth & Co. A/S,GEECO Enercon Pvt Limited,Zhejiang Feida Environmental Science & Technology Co., Ltd., Fujian Longking Co., Ltd.Hamon Research--Cottrell, Inc.,AMEC Foster Wheeler Ltd.Ducon Technologies, Inc.,Sumitomo Heavy Industries, Ltd., Lodge Cottrell India Pvt. Ltd., Hitachi Infrastructure Systems Pte. Ltd.,Elex AG,Sinoma Technology & Equipment Group Co., Ltd.,Kelin Environmental Protection Equipment, IncBalcke-Durr GmbH, Trion IAQ,GEA Group AG,Monroe Environmental Corporation,Mitsubishi Hitachi Power Systems,Total Air Pollution Control Pty Ltd.|
|Pitfalls & Challenges:||
Dry electrostatic precipitator market will witness significant growth on account of high separating efficiency along with limited operating cost. These systems can collect dust in temperatures ranging from room temperature to several 1000 C. Further, high applicability for dry pollutant particle collection along with operating efficiency over wide range of exhaust gas temperatures makes the product suitable across various industries.
High application suitability in chemicals and manufacturing industry will accelerate the wet electrostatic precipitator market demand. Ability to collect wet, explosive, flammable, and sticky particles along with its operation suitability in saturated gas condition will increase the product penetration. In addition, the product offers a collection efficiency between 99 to 99.9% and possess the ability to capture submicron particles.
Increasing adoption across industrial applications involving organic emissions including food processing and heat-treating industries will favor the plate based electrostatic precipitator industry size. These systems use parallel plates as collecting electrodes and are adopted in wet dust collection for large quantities of process gas.
Tubular based electrostatic precipitator market will witness an appreciable growth on account of increasing demand for dust collection from gas, steel and chemical industries. The system is designed in a way to minimize leaks of collected material and further for collecting fogs or mists.
By Emitting Industry
Increasing electricity demand from emerging economies along with the need to curb SO3 emissions will stimulate the product demand across power plants. Adoption of several emission control measures across coal fired power plants will fuel the product adoption. As per the IEA, in 2017, coal fired power generation was the largest source of electricity generation globally, accounting for around 37%.
Rising investments in refining capacities coupled with robust demand for superior petroleum products will substantially increase the product adoption. High potential of conversion to wide variety of industrial and consumer products including plastics, fertilizers, detergents, textiles and solvents will complement the global electrostatic precipitator market scenario.
The U.S. electrostatic precipitator market will witness a steady growth of over 4% up to 2024. Ongoing construction activities and rising awareness among industry players toward adopting emission control technologies will stimulate the market statistics. In addition, heavy investments toward various infrastructural projects will fuel the installation and upgradation of these systems.
European market share is expected to surpass USD 1.6 Billion by 2024. Surging mining activities owing to rising demand for precious metals along with growing focus toward sustainable development will complement the business landscape. Accelerated exports in the metal processing sector owing to augmented demand from automotive industry will further boost the product penetration.
Competitive Market Share
Notable industry players operating in the global market include Babcock & Wilcox Enterprises, Mitsubishi Heavy Industries, Mechatronics Systems, GEECO Enercon, Siemens, Ducon Technologies, Clean Tunnel Air International, Blacke-Durr, Fujian Longking, Trion, Total Air Pollution Control, Cottrell, Thermax amongst others.
Key players are introducing technological advancements and innovations in the existing system to considerably increase its adoption across industries. Acquisitions and expansion activities by various industry giants is complementing the business growth with primary focus on harnessing advanced technology and increasing their market share.
Electrostatic Precipitator Industry Background
ESP’s are emission control systems that removes fine particulate matter and other pollutants using an induced electric charge. These systems function by applying electrical energy to the pollutants collected and remove particles from waste gases. ESPs are devised across various industrial facilities and power generating stations for efficient emission control.
Electrostatic Precipitator market research report includes in-depth coverage of the industry with estimates & forecast in terms USD from 2013 to 2024, for the following segments:
By Emitting Industry
- Power Generation
- Chemicals and Petrochemicals
- Metal Processing & Mining
The above information is provided on a country basis for the following:
- South Korea
- Saudi Arabia
- South Africa
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