Electrostatic Precipitator Market a Comprehensive Analysis | Key Players - Mitsubishi Heavy Industries, Mechatronics Systems, GEECO Enercon, Siemens, Ducon Technologies, Fujian Longking, Trion, Total Air Pollution Control, Cottrell, Thermax amongst others

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.

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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.

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Rising measures to restrict harmful impacts of emissions contributed by shipping industry will foster electrostatic precipitator market growth. In addition, specific engine design standards along with adoption of policies aiming to limit the carbon footprint will foster the product penetration. In April 2018, IMO adopted initial emission control strategy with a target to limit total annual GHG emission by 50% by 2050 compared to the 2008 levels.

The installation of ESPs across the cement industry will witness robust growth on account of increasing spending toward construction and renovation activities. These large-scale construction projects across the emerging economies will augment the global market size. As per the IEA, cement sector was the second largest industrial emitter in 2017 accounting for 6% of the global emissions.

Increasing mining activities owing to growing demand for precious metals will positively impact the product demand. Supportive regulatory framework along with stringent measures to reduce industrial pollution are some of the key underlying factors accelerating the electrostatic precipitator market growth.

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Report Content

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Electrostatic Precipitator Industry Insights
Chapter 4 Electrostatic Precipitator Market, By System
Chapter 5 Electrostatic Precipitator Market, By Design
Chapter 6 Electrostatic Precipitator Market, By Emitting Industry
Chapter 7 Electrostatic Precipitator Market, By Region
Chapter 8 Company Profile

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