Industry Overview
The research report “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”, by Global Market
Insights, Inc. says Electrostatic
Precipitator Market size will exceed USD 8 billion by 2024; driven by huge
potential in power plants for reducing SO3 emissions.
The
global aim to control pollutant emissions occurring due to the rapid
industrialization will tend to electrostatic precipitator market gaining
considerable traction in the years to come. Leading providers of electrostatic
precipitators are constantly attempting to improvise on the product offering to
combat the rising carbon footprints in the atmosphere. For instance, recently
GE Power India received a contract worth more than USD 2.37 billion from GE
Power AG, to supply electrostatic precipitator components and CFB boiler of
capacity 150 MW. Strict government directives imposed on industries to control
the pollutant emission levels will act as a major driver for global
electrostatic precipitator industry.
High
consumer spending capacity in the emerging economies is likely to boost the
growth of the construction and infrastructural sector in the region, which in
turn will fuel electrostatic precipitator market. The high demand for
uninterrupted power supply has led to the implementation of myriad power
projects. However, the growing awareness regarding the harmful inhalation of
Sulphur trioxide and other pollutants has also prompted power companies to look
out for measures to control these emissions, which will drive electrostatic
precipitator industry trends.
Developing
economies such as India and China are powerhouses for the growth of the
construction and industrial sectors. This in itself is a strong driver for APAC
electrostatic precipitator industry. Speaking of APAC, China held 3% of the
regional share in 2015 and is anticipated to grow significantly over the period
of 2016-2024, primarily driven by the rising implementation of coal fired power
plant projects. To fulfill the demand for power supply, China plans to increase
its electricity manufacturing capacity by 19% over the coming five years, which
will claim the establishment of more power plants. This in turn, will stimulate
the demand for precipitators, thereby fueling China electrostatic precipitator
market.
Chile
has begun to endorse mining activities for the development of the regional
metal industry, which prompts the usage of electrostatic precipitators to
absorb dust particles and metal shrapnel. Having held a value of over USD 30
million in 2015, Chile electrostatic precipitator market is expected to grow
steadily over 2016-2024.
With
a contribution of more than 60% toward the regional share to boast of, U.S.
electrostatic precipitator industry is projected to observe a reasonable growth
over the years. The key factors that will account for this growth include the existence
of strong market players in the region and the high demand for renovation
projects.
Prime
participants of electrostatic precipitator industry include Fujian Longking
Co., Ltd., Mitsubishi Heavy Industries Mechatronics Systems, Siemens AG, GEECO
Enercon Pvt. Ltd, Total Air Pollution Control Pvt. Ltd., Blacke-Durr GmbH,
Trion Inc., Babcock & Wilcox Enterprises, Ducon Technologies Inc., Clean
Tunnel Air International AS, Thermax Ltd., and Hamon Corporation. These
companies aim to efficiently control the rising pollution levels by improving
the product standards.
With
reference to the products, electrostatic precipitators are mainly bifurcated as
wet and dry. As the name implies, wet products are utilized to draw out wet,
sticky, and highly flammable particles. These products make use of
electrostatic forces to remove arsenic and lead particles, VOCs, or Sulphur
trioxide fumes. With a filtering potential of 90%, wet products are applied in
the textile, paper, and cement industries, owing to which electrostatic
precipitator market from cement applications will observe a CAGR of 4% over
2016-2024.
Dry electrostatic precipitator industry was
valued at USD 4 billion in 2015. These products filter out dry pollutants with
more than 99% efficiency and possess the benefits of low cost and reduced
maintenance. Increased usage of dry products in power plants and metal
industries will spur dry electrostatic precipitator market, set to observe a
CAGR of 5% over 2016-2024.
Global power demand is anticipated to increase
by 45% by 2040. Growing demand for electricity and the subsequent installation
of power plants will propel electrostatic precipitator industry from power
plant applications, set to grow considerably from 2016-2024, with an initial
valuation of USD 1 billion in 2015.
The ever-rising requirement for petroleum
products such as LPG, asphalt, and diesel will push electrostatic precipitator
market from chemical & petrochemical applications, which contributed to 20%
of the overall share in 2015.
With the governments across the globe working
in tandem to eliminate harmful pollutant emissions, global electrostatic
industry is bound to witness an upsurge. Constant efforts by market players to
introduce efficient ESPs will also change the market dynamics over the coming
seven years.
Report Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data
exploration
1.1.2 Statistical
model and forecast
1.1.3 Industry
insights and validation
1.1.4 Research scope
and assumptions
1.2 Data Sources
1.2.1. Secondary
1.2.2. Primary
2.1 Electrostatic
Precipitators industry 3600 synopsis, 2013 - 2024
2.1.1 Current business
environment
2.1.2 Product trends
2.1.3 Application
trends
2.1.4 Regional trends
3.1 Industry
segmentation
3.2 Industry Size and
forecast, 2013 – 2024
3.3 Industry ecosystem
analysis
3.4 Vendor matrix
3.5 Innovation &
sustainability
3.6 Regulatory
framework
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Electrostatic Precipitators
Industry Impact forces
3.7.1 Growth drivers
3.7.1.1 Replacement and
upgradation of existing electrostatic precipitator systems
3.7.1.2 Huge potential in
power plants for reducing SO3 emissions
3.7.1.3 Emerging markets in
Asia Pacific
3.7.2 Industry
pitfalls & challenges
3.7.2.1 Increasing
popularity of fabric filters
3.8 Growth potential
analysis
3.9 Porter’s analysis
3.10 Competitive landscape, 2015
3.11 PESTEL analysis
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Corporate Sales, USA
Global Market Insights, Inc.
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