Electrostatic Precipitator Market to Grow at a Significant Rate through 2026
Need for improved air
quality and environmental concerns are expected to drive the demand for global electrostatic
precipitator market in forecast period.
According to TechSci Research report, “Global Electrostatic
Precipitator Market By Technology (Dry and Wet), By Design (Plate, and
Tubular), By End User (Chemicals & Petrochemicals, Metals & Mining,
Power Generation, Manufacturing, Cement, Marine, and Others), By Offering
(Hardware & Software (Discharge Electrodes, High Voltage Electrical
Systems, Collection Electrodes, Hoppers, Rappers, Shell) and Services), By
Company, By Region, Forecast & Opportunities, 2026”, is expected to witness
significant growth in the next five years owing to adoption of technologies
aiding in lowering carbon footprint from the environment. Ability of
electrostatic precipitators to upgrade existing technologies and to lower
maintenance costs are the contributing factors for the market growth.
Technological advancements such as smart control units foster the global
electrostatic precipitator market. Industrialization is majorly releasing the
pollutants and chemical emissions near urban areas which is fostering the
global electrostatic precipitator market growth.
However, higher initial cost for installations create
difficulty for small-scale industries and requirement of larger space to set up
electrostatic precipitator may create hindrance in the growth of the global electrostatic
precipitator market.
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Global
electrostatic precipitator market is segmented based on technology, design, end
user, offering, region, and company. Based on technology, the market is
bifurcated into wet and dry technology. Dry
technology dominated the market in 2020 and is expected to hold major market
share throughout the forecast period as well. Low maintenance, higher
separating efficiency, wide range performance are the benefits associated with
popularity of dry electrostatic precipitator. High operating efficiency over
wide range of exhaust gases aids in growing demand for dry electrostatic
precipitator. Dry electrostatic precipitator finds application in thermal
plants to clean air for ventilation process. By design, the market is bifurcated
into plate and tubular design. Plate design finds application in industries
associated with organic emissions such as heat-treatment industries and food
processing industries. These are associated with large volumes of wet dust
collection. Based on end user, the market is mainly divided into chemicals
& petrochemicals, metals & mining, power generation, manufacturing,
cement, marine, and others. Power generation industry is expected to hold a
major share in the next five years due to surge in demand for power consumption
from around the globe. Stringent policies regarding maintaining emission
standards and environmental laws are driving the growth of the global
electrostatic precipitator industry. Also, higher collection efficiency and
ability to collect fly ash makes electrostatic precipitator suitable for
petroleum refineries and thermal power plants is fueling the market growth.
Babcock
& Wilcox Enterprises, Inc., Mutares AG, ELEX AG, FLsmidth & Co. A/S,
Feida Group Company Limited, KC Cottrell Co., Ltd., Hamon Group, Beltran
Technologies Inc., Mitsubishi Hitachi Power Systems, Ltd, Thermax Limited are the
leading players operating in global electrostatic precipitator market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market.
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“Adoption
of new technologies for upgradation of microelectronic controllers is a major
driving factor for the growth of the global electrostatic precipitators market.
Strict air pollution rules and presence of catalytic control systems in
existing industries is contributing to harmful sulphur emissions which is
considered a major factor for the growth of the global precipitator market till
2026” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Electrostatic
Precipitator Market By Technology (Dry and Wet), By Design (Plate and Tubular),
By End User (Chemicals & Petrochemicals, Metals & Mining, Power
Generation, Manufacturing, Cement, Marine, and Others), By Offering (Hardware
& Software (Discharge Electrodes, High Voltage Electrical Systems,
Collection Electrodes, Hoppers, Rappers, Shell) and Services), By Company, By
Region, Forecast & Opportunities, 2026” has
evaluated the future growth potential of global electrostatic precipitator
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global electrostatic
precipitator market.
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