Market Insights
Global “Electrostatic Precipitator Market” trend analysis report 2020 aims to provide in-depth information about the Electrostatic Precipitator industry with market overview, key trends, business plans, and future prospects of the industry. An electrostatic precipitator (ESP) is a device which filters fine particles such as smoke and dust from flowing gas. ESP is particularly used in industrial applications to reduce air pollution. The global electrostatic precipitator market is predicted to witness market expansion at a CAGR of 4% during the assessment period. Market Research Future has surveyed the entirety of the market for its market report on the subject. Another vital application of ESP is as a filtration device in industries like chemical, power, and paper among others.
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Top Drivers and Key Barriers
Huge efforts are being given all around the world in order to curb the increasing pollution level. Government initiatives are aimed at facilitating environment safety. One instance of such an initiative is by the Environment Protection Agency (EPA), with the main objective being the improvement as well as maintenance of the air quality, which comes under the Clean Air Act, 1970. The EPA has also come up with several programs that work on reducing pollution levels. Such programs along with regulations and policies are helping the electrostatic precipitator market size expand substantially all across the globe.
Rapidly expanding population, especially in urban areas and the mounting health awareness is resulting in considerable market expansion. Rigid regulations aimed at curbing the air pollution levels are working in favor of the electrostatic precipitator market. A variety of industries has varying efficiency requirements. The electrostatic precipitator efficiency depends on its ability to gather dust from the flue gases. Its efficiency also depends on the particle size of the aerosol, such as dust, mist, and others that need to be collected. Based on these requirements, different industries are adopting electrostatic precipitators with high quality and this is projected to benefit the global market during the evaluation period. The efficient electrostatic design needs to be flexible, temperature-wise, which also boosts its demand across various industries.
Top Companies
Top companies that are inducing expansion of the worldwide Electrostatic Precipitator Industry are Babcock & Wilcox (US), Mitsubishi Hitachi Power Systems (Japan), Thermax Global (India), AMEC Foster Wheeler (UK), Siemens AG (Germany), Trion (US), Fujian Longking (China), Hamon Group (Belgium), Ducon Technologies (US), General Electric (US), among others.
Electrostatic Precipitator Market Segmentation
The electrostatic precipitator market has been split into the segments of type, component, and end-user.
With respect to type, the market can be considered for dry ESP and wet ESP. The dry ESP segment is leading the global market, as these types of electrostatic precipitators enjoy high demand. The high demand is the result of their ability to withstand high particulate volumes and high temperatures, low electricity consumption along with their cost-effectiveness.
The market, depending on the component, includes hardware, software & services. The hardware segment is projected to gain the top spot in the market in the years to come. The segment’s significant growth in the market is in response to the rising demand for hardware component for manufacturing different types of electrostatic precipitators.
The end-users mentioned in the MRFR report include power, metals, cement, chemicals, and others.
Regional Analysis
Globally, the emerging market in the Asia Pacific is expected to make a big splash in the global ESP market. Government regulations in the rapidly developing economies in the APAC are expected to drive the demand for electrostatic precipitators. For example, Beijing has set a target to improve air quality by up to 80%. One of the most heavily polluted cities in the world, Beijing’s government has also requested cement and steel plants to suspend or lower production to help improve pollution levels. Consistent and frequent environmental inspections of such plants by local authorities are also expected to drive the adoption of ESP. On the whole, the Chinese government has been rigorously following a plan to improve high pollution levels by incorporating changes into its 5-year-plan till 2020.
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