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In 2022, the market for electrostatic precipitators was estimated to be worth USD 7.7 billion. It is anticipated that the market for electrostatic precipitators will increase from USD 7.488 billion in 2023 to USD 10.24784 billion in 2030, with a compound yearly growth rate (CAGR) of 5.00% over the five-year forecast period (2023– 2030). The primary market drivers boosting market expansion include increased awareness of air quality control and fast industrialization in both developing and developed economies.
All industries are required to install electrostatic precipitators as a result of the Environment Protection Agency's (EPA) implementation of a law to ensure clean air quality. Air pollution in metropolitan areas has significantly increased as a result of fast development. Due to several health problems brought on by poor air quality, there is a rising need to reduce air pollution. Due to the necessity to limit dangerous gas emissions from industries, electrostatic precipitators will become more and more popular. In the predicted years, this element raises the market CAGR.
The electrostatic precipitator (ESP) market is expected to grow due to the quick industrialization of both developed and developing economies as well as the increased awareness of the need to maintain high air quality. The worsening air quality is brought on by an increase in toxic emissions from industrial industries, power plants, and automobiles. As more of these goods and solutions are deployed, this trend is driving the electrostatic precipitator (ESP) market.
A large increase in demand for electrostatic precipitators (ESP) is also anticipated as people become more aware of the negative effects of poor air quality on human respiratory health. The increasing need for electrical energy, which compels the leading players in the power sector to maximise their energy-producing capacities, is another factor driving the market's revenue growth for electrostatic precipitators.
Hardware, software, and services are included in the market segmentation for electrostatic precipitators based on components. The market for electrostatic precipitators is dominated by the hardware offering. The increasing demand for hardware components in various types of electrostatic precipitators has helped the hardware segment take the top spot in terms of market size. Electrostatic precipitators' hardware components, which include discharge electrodes, high voltage electrical systems, collecting electrodes, hoppers, rappers, and shells, are essential to their proper operation.
Power, Metals, Cement, and Chemicals are among the market segments for electrostatic precipitators based on end-user. The highest market share for electrostatic precipitators belongs to the electricity sector. Due to the advantages offered in terms of higher performance, improved particulate collection efficiency, and the capacity to handle huge amounts of fly ash properly, electrostatic precipitators are utilised by power production firms all over the world. Due to the enforcement of strong environmental laws and tight emission limits, the adoption of these systems in thermal power plants and petroleum refineries has soared, giving the power industry the top rank in terms of market size.
Report Coverage
Global Electrostatic Precipitator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electrostatic Precipitator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electrostatic Precipitator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electrostatic Precipitator market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electrostatic Precipitator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electrostatic Precipitator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electrostatic Precipitator market based on the below-mentioned segments:
Global Electrostatic Precipitator Market, By Type
Dry
Wet
Global Electrostatic Precipitator market, By Component
Hardware and Software
Services
Global Electrostatic Precipitator Market, By End User
Power
Metals
Cement
Chemicals
Global Electrostatic Precipitator market, Regional Analysis
All industries are required to install electrostatic precipitators as a result of the Environment Protection Agency's (EPA) implementation of a law to ensure clean air quality. Air pollution in metropolitan areas has significantly increased as a result of fast development. Due to several health problems brought on by poor air quality, there is a rising need to reduce air pollution. Due to the necessity to limit dangerous gas emissions from industries, electrostatic precipitators will become more and more popular. In the predicted years, this element raises the market CAGR.
The electrostatic precipitator (ESP) market is expected to grow due to the quick industrialization of both developed and developing economies as well as the increased awareness of the need to maintain high air quality. The worsening air quality is brought on by an increase in toxic emissions from industrial industries, power plants, and automobiles. As more of these goods and solutions are deployed, this trend is driving the electrostatic precipitator (ESP) market.
A large increase in demand for electrostatic precipitators (ESP) is also anticipated as people become more aware of the negative effects of poor air quality on human respiratory health. The increasing need for electrical energy, which compels the leading players in the power sector to maximise their energy-producing capacities, is another factor driving the market's revenue growth for electrostatic precipitators.
Hardware, software, and services are included in the market segmentation for electrostatic precipitators based on components. The market for electrostatic precipitators is dominated by the hardware offering. The increasing demand for hardware components in various types of electrostatic precipitators has helped the hardware segment take the top spot in terms of market size. Electrostatic precipitators' hardware components, which include discharge electrodes, high voltage electrical systems, collecting electrodes, hoppers, rappers, and shells, are essential to their proper operation.
Power, Metals, Cement, and Chemicals are among the market segments for electrostatic precipitators based on end-user. The highest market share for electrostatic precipitators belongs to the electricity sector. Due to the advantages offered in terms of higher performance, improved particulate collection efficiency, and the capacity to handle huge amounts of fly ash properly, electrostatic precipitators are utilised by power production firms all over the world. Due to the enforcement of strong environmental laws and tight emission limits, the adoption of these systems in thermal power plants and petroleum refineries has soared, giving the power industry the top rank in terms of market size.
Report Coverage
Global Electrostatic Precipitator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electrostatic Precipitator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electrostatic Precipitator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electrostatic Precipitator market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electrostatic Precipitator Market from 2021 to 2030.
- Market Forecast for Electrostatic Precipitator Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electrostatic Precipitator competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electrostatic Precipitator
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electrostatic Precipitator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electrostatic Precipitator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US).
Primary Target Market
- Market Players of Electrostatic Precipitator
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electrostatic Precipitator market based on the below-mentioned segments:
Global Electrostatic Precipitator Market, By Type
Dry
Wet
Global Electrostatic Precipitator market, By Component
Hardware and Software
Services
Global Electrostatic Precipitator Market, By End User
Power
Metals
Cement
Chemicals
Global Electrostatic Precipitator market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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