Electrostatic Precipitator Market Size

Electrostatic Precipitator Market Size

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.