The global Electrostatic
Precipitator Market share report provides numbers for
applications and regional segments of the industry covering historical as well
as forecast data for decision makers.
Increasing
pollutant emissions have mandated the usage of ESPs in industries, thereby
benefitting global electrostatic precipitator market. Growing environmental
concerns regarding harmful pollutant and dust emissions have urged the
government to implement stringent norms and directives to regulate toxic
emissions, which in turn will significantly propel the industry trends.
According to Global Market Insights, Inc., Electrostatic Precipitator Market is
anticipated to be valued at more than USD 8 billion by 2024, increasing at a
CAGR of 5% over 2016-2024.”
Electrostatic
precipitators are primarily used to filter out fine particles from a flowing
gas unit. This is done by means of an induced electrostatic charge that
collects the fine particles without causing lasting harm to the flow of gases
through the unit. Rising expenditure on the construction and infrastructural
development sectors, strict government regulations to curb air pollution, and
high demand from the power plant and chemical factories are the key factors
that will positively favor electrostatic precipitator industry trends.
ESPs are amply used to collect pollute
particles in industries that are notorious for emitting harmful pollutants,
such as cement, metal, manufacturing, chemical and petrochemical, and power
plants.
Chemical and petrochemical applications
covered more than 20% of global electrostatic precipitator market share in
2015. Petroleum products such as lubricants, LPG, asphalts, and diesel are
increasingly used in petrochemical factories for various industrial
applications. High demand for these products will augment electrostatic
precipitator industry from chemical and petrochemical applications.
The ever-growing demand for uninterrupted
power supply will positively influence ESP market size from power plant
applications, which was worth more than USD 1 billion in 2015. Power plants
emit high amounts of toxic pollutants that are harmful for the environment.
Carbon, pollutants, and GHG emissions from power plants will necessitate the
usage of ESPs in this sector. In addition, the adoption of government measures
to curb these emissions will also complement industry growth.
Technologically advanced products are being
introduced in the manufacturing sector, in accordance with the changing
consumer dynamics, which will boost ESP market from manufacturing applications.
Additionally, the altering economics of production and distribution will also
fuel the industry trends.
Electrostatic precipitator market from cement
applications was worth more than USD 700 million in 2015. Cement applications
contributed to more than 13% of the overall revenue share and is poised to
witness a y-o-y growth of 4% over 2016-2024. This growth rate can be attributed
to the high spending on infrastructural development as well as the rising
product demand across the commercial, industrial, and residential sectors.
The presence of a huge number of
manufacturing industries is also expected to augment China electrostatic
precipitator industry, which contributed to more than 3% of the regional
revenue share in 2015.
Coal fire power plants emit harmful Sulphur
trioxide and other pollutants. Strict measures to curb these emissions coupled
with the rising installations of coal fired power plants will also boost China
ESP market significantly.
Europe electrostatic precipitator industry is
likely to be driven by the rapid restoration of the current manufacturing
sector. Given that the UK government has laid down strict norms towards the
eradication of air pollution, UK electrostatic precipitator market will grow at
a steep CAGR of more than 6% from 2016 to 2024. The implementation of colossal
power projects is also bound to favor business growth.
Germany ESP industry, worth more than USD 240
million in 2015, is slated to observe an exponential growth rate of more than
5% over 2016-2024.
U.S. held more than 60% of North America
electrostatic precipitator market share in 2015, and is anticipated to record a
revenue of more than USD 1 billion by 2024. High demand for renovating the
existing infrastructural framework will contribute to the regional expansion.
In addition, this region houses some of the most notable industry players, who
are constantly striving to generate awareness pertaining to ESP system
installation and upgradation. This will further fuel business growth in the
region.
Dry ESPs
help collect dry pollutant particles with nearly 100% efficiency. In addition,
these products possess the benefits of low operating costs and less
maintenance. Dry electronic precipitator industry, having held a revenue of USD
4 billion in 2015, is slated to observe an exponential growth of 5% over
2016-2024.
Notable
players operating in electrostatic precipitator industry include Blacke-Durr
GmbH, Mitsubishi Heavy Industries Mechatronics Systems, GEECO Enercon Pvt. Ltd,
Fujian Longking Co., Ltd., Trion Inc., Babcock & Wilcox Enterprises, Hamon
Corporation, Siemens AG, Thermax Ltd., Clean Tunnel Air International AS, Total
Air Pollution Control Pty. Ltd., and Ducon Technologies Inc.
Report
Content
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
Chapter 2
Executive Summary
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
Chapter 3
Electrostatic Precipitators Industry Insights
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
Browse key industry insights spread across 119 pages with 238 market data
tables & 10 figures & charts from the report Electrostatic
Precipitator Market in detail along with the table of contents:
The
differentiating factor of Electrostatic
Precipitator market report by Global Market Insights, Inc. when compared
with other, similar syndicated research studies includes a 360-degree synopsis
of trends for a period of more than 10 years including historic information as
well as future outlook. Business focussed multiple trends for Electrostatic Precipitator industry
are discussed along with regional trends to offer an overall view of the
market. The ‘industry insights’ chapter of this research provides the most
comprehensive analysis of Electrostatic
Precipitator market covering segmentation, size, forecasts, ecosystem
analysis and more. Industry impact forces (regional and global) that cover
growth drivers and challenges, growth potential analysis, a strategy dashboard
for competitive landscape of Solar Cells market support this sector specific
data and information points.
Regionally,
Global Market Insights, Inc.’s Electrostatic
Precipitator market research has the most in-depth, country focused
estimates and forecasts for decision makers across the globe. An exhaustive
list of company profiles for organizations active in the Electrostatic Precipitator market
supports the regional analysis and information offering a competitive outlook
on the industry. For each segment analyzed in this research, whether it is by product,
application, material or end-use, a regional overview with historical data and Electrostatic Precipitator market
forecast is provided to the reader. Such a cross-segmentation research analysis
is also unique to reports by Global Market Insights, Inc.
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