The report Electrostatic Precipitator Market (by product (Dry, Wet)-by Application (Chemical, Metal, Power Generation, Manufacturing, Cement) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ 15.12 Bn by 2026 at CAGR 5.6%
Electrostatic Precipitator Market are a filtration device used for removing fine particulate matter from an exhaust gas by means of an electrostatic force. The growth of coal-fired and gas-based power plants coupled with rigorous government regulations mandating the need to keep air pollution within limits in different economies are the factors responsible for the growth of the market. Rise in environment and health concerns are leading to efforts to reduce pollution content in flue gases. The electrostatic precipitator is used to maintain the amount of permissible ash particles & dangerous gases coming out of flue-gases from coal-fired plants. The emergence of different interchange &renewable energy sources for power plants is a factor to restrain the growth of the market. The industrialization era have significantly contributed to air pollution, especially in urban areas.
Dry electrostatic precipitator is one of the fastest growing technology segments and is anticipated to witness robust expansion over the forecast period
In terms of product, Dry electrostatic precipitator is one of the fastest growing technology segments and is anticipated to witness robust expansion over the forecast period. Dry electronic precipitator market share was valued at USD 4.5 billion in 2017 and is projected to witness a growth over 5%.
Cement industry was worth 13.25% of global revenue share in 2017 and is anticipated to witness gain at over 4% from 2018 to 2026
In terms of application, Cement industry was worth 13.25% of global revenue share in 2017 and is anticipated to witness gain at over 4% from 2018 to 2026. Increase in spending on infrastructure development will favour business growth. Exponential growth in industrialization and construction sectors across the world is estimated to contribute significantly to the growth of this segment in next few year. The manufacturing segment, in terms of value, is predicted to expand at a CAGR of 5.1% over the forecast period.
Asia Pacific is anticipated to lead the global market over the forecast period
In terms of region, Asia Pacific is anticipated to lead the global market over the forecast period. U.S. hold more than 60% of North America electrostatic precipitator market share in 2017, and is expected to record a revenue of more than US$ 1 billion by 2026. Europe is the second largest region, in terms of revenue, owing to high demand for pollution control equipment from several major end-use applications.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as GEECO Enercon Pvt. Ltd, Babcock & Wilcox Enterprises, Siemens AG, Clean Tunnel Air International AS, Ducon Technologies Inc., Mitsubishi Heavy Industries Mechatronics Systems, Fujian Longking Co., Ltd., Blacke-Durr GmbH, Total Air Pollution Control Pty. Ltd., Trion Inc., Mitsubishi Heavy Industries Mechatronics Systems, Hamon Corporation, Thermax Ltd.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the electrostatic precipitators market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Electrostatic Precipitator Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Electrostatic Precipitator Market positioning of competitors.
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