Electrostatic Precipitator Market Forecast 2024: Key Players are Babcock & Wilcox, Mitsubishi Heavy Industries, Siemens, Thermax Limited, Sumitomo Electric Wiring Systems, Inc., Cottrell Inc., Total Air Pollution Control, GEECO Enercon Private Limited

Electrostatic Precipitator Market size will be driven by increasing regulatory measures pertaining to reducing SO3 emissions. 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.

Electrostatic Precipitator Market will surpass USD 8 Billion by 2024.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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The U.S. electrostatic precipitator market will witness a steady growth on account of favorable government regulations pertaining to limit industrial air pollution. Increasing demand for precious metals along with abundance of mineral resources will further accelerate the mining activities, thus increasing the product adoption.

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.

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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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Siemens
2. Ducon Technologies
3. GEECO Enercon
4. Mitsubishi Heavy Industries
5. Sumitomo
6. Fujian Longking
7. Trion
8. Babcock & Wilcox
9. Thermax
10. Blacke-Durr
11. Cottrell
12. Mechatronics Systems
13. Total Air Pollution Control

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.

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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.

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