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Electrostatic Precipitator Market Analysis
- Report ID: GMI798
- Published Date: Feb 2023
- Report Format: PDF
Electrostatic Precipitator Market Analysis
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.
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.
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.
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Electrostatic Precipitator Market Scope
