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Electrostatic Precipitator Market Growth Analysis trends To 2024 - Ducon Technologies, GEECO Enercon, Mitsubishi Heavy Industries, Sumitomo, Fujian Longking, Trion, Babcock & Wilcox, Thermax, Blacke-Durr, Cottrell, Mechatronics Systems
Electrostatic Precipitator Growing stringency of emission control standards owing to increasing concerns to limit NOx and Sulphur emissions will create a favorable business scenario. In addition, replacement and upgrade of the existing systems across the power generation and construction sector will further complement the market.
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Increasing regulatory measures pertaining to reducing SO3 emissions will fuel the electrostatic precipitator market. Growing electricity demand across the emerging economies on account of rapid industrialization and urbanization will further create opportunities for the industry. In 2017, the world electricity demand increased by 3.1% as compared to 2016.
Dry electrostatic precipitator market will grow on account of its ability to provide improved collection efficiency through integration with acid gas scrubbers and wet ESP?s. High filtration efficiency and limited capital cost are some of the underlying features increasing the product deployment. Furthermore, operating efficiency over extensive range of exhaust temperatures will increase the product penetration.
China electrostatic precipitator market will witness growth on account of various emission control measures and tax burdens imposed by the state and the central government. In addition, increasing focus toward restraining air borne related health issues will create new opportunities for the ESP industry . In January 2018, China implemented the environmental protection tax that includes a bundle of policies aimed at limiting pollution.
Rising policy adoptions to limit the carbon footprint complemented by implementation of specific engine design standards will drive the marine ESP industry. IMO approved initial emission control strategy in April 2018, with an aim to limit overall annual greenhouse gas emission level by 50% by 2050 as compared to the 2008 levels.
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Europe electrostatic precipitator market will witness growth on account of increasing investments across the chemicals and petrochemicals industry coupled with favorable regulatory framework. Extensive adoption of superior petrochemicals across various industries along with expanding exporting activities will complement the business landscape.
Robust spending toward refurbishment and construction activities will increase the ESP deployment across the cement industry. In addition, introduction of various large scale infrastructural projects will accelerate the electrostatic precipitator market. According to the IEA, in 2017, cement remained the second largest industrial emission generating sector, accounting for around 6% of the emission globally.
Notable industry players operating across the electrostatic precipitator market include Siemens, Ducon Technologies, GEECO Enercon, Mitsubishi Heavy Industries, Sumitomo, Fujian Longking, Trion, Babcock & Wilcox, Thermax, Blacke-Durr, Cottrell, Mechatronics Systems, Total Air Pollution Control amongst others.
Complete report for 2018-2024 on Electrostatic Precipitator market is now available at https://www.marketstudyreport.com/reports/electrostatic-precipitator-market
Related Report:
Electrostatic Precipitator (ESP) Sales Market Report 2018
Electrostatic Precipitator Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.
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