PUBLISHER: SkyQuest | PRODUCT CODE: 1250106
PUBLISHER: SkyQuest | PRODUCT CODE: 1250106
Global Electrostatic Precipitator Market size was valued at USD 7.21 billion in 2021 and is expected to reach USD 9.39 billion by 2028, at a CAGR of 4.2% during the forecast period (2022-2028).
Rapid industrialization and economic expansion have made air pollution worse to the point where it needs to be addressed right away in order to lower the rising carbon and GHG emissions. To stop the massive amount of particulate matter originating from smoke and darkness, an efficient solution is needed. The electrostatic precipitator is one of the most dependable and advanced devices for collecting particulate matter (ESP). The ESP is a particle collection device that extracts carbon flakes and other particles from a gaseous flow using the power of an induced electrostatic charge. The electrostatic force is used to transfer the particles from the moving gas stream to collecting plates.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Electrostatic Precipitator Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
On the basis of type, the global electrostatic precipitator market is segmented into Wet and Dry. On the basis of end-use, it is segmented into Power Generation, Chemicals, Metal, Petroleum Refineries, Cement, and Others. On the basis of design, it is segmented into Plate and Tubular. On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Driver
All industries are required to install electrostatic precipitators as a result of the Environment Protection Agency's (EPA) implementation of a law to protect the quality of clean air. Air pollution in metropolitan areas has significantly increased as a result of fast development. Due to several health problems brought on by poor air quality, there is a rising need to reduce air pollution. Due to the necessity to limit dangerous gas emissions from industries, electrostatic precipitators will become more and more popular.
Restraint
Small-scale enterprises have a tough time installing it because of the high implementation costs at the time of installation. Due to their very low capitalization, small-scale industries are losing market share.
Market Trends
HESPs (hybrid electrostatic precipitators) combine two or more different dust collecting techniques, such as wet scrubbing and electrostatic precipitation, to increase removal efficiency. Due to their superior performance over conventional ESPs, HESPs are growing in popularity.
New ESPs are being developed using nanomaterials like graphene and carbon nanotubes. By boosting the charge transfer between the particles and the collecting electrodes, these materials can considerably boost the performance of ESPs.
Smart electrostatic precipitators (SEP) have sensors and control mechanisms that enable devices to react automatically to changes in the composition or concentration of the gas stream. This trend is being driven by the demand for better process control and more efficient resource use.