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Electrostatic Precipitator Market Notable industry players include Babcock & Wilcox Enterprises, Mitsubishi Heavy Industries, Mechatronics Systems, GEECO Enercon, Siemens, Ducon Technologies, Blacke-Durr, Fujian Longking, Trion
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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. Global Market Insights, Inc., states that electrostatic precipitator market size is slated to surpass USD 8 billion, growing at a y-o-y rate of 5% over 2016-2024.
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.
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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.
Browse key industry insights spread across 261 pages with 329 market data tables & 34 figures & charts from the report @ https://www.gminsights.com/industry-analysis/electrostatic-precipitator-market
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 research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
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