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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339997
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339997
Electrostatic Precipitator Market Forecasts to 2030 - Global Analysis By Type (Wet and Dry), Verticial (Hardware & Software and Services), Design (Plate and Tubular), End Users and By Geography
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According to Stratistics MRC, the Global Electrostatic Precipitator Market is accounted for $15.16 billion in 2023 and is expected to reach $22.56 billion by 2030 growing at a CAGR of 5.9% during the forecast period. An electrostatic precipitator is a device for collecting particulate matter that uses the force of an electrostatic charge to remove carbon flakes and other particles from a gaseous flow. The particles are transferred from the flowing gas stream to the collector plates using electrostatic force. In addition to increasing collection efficiencies, these filters can manage substantial gas and dust loads.
According to an article published by the Natural Resource Defense Council (NRDC), the level of fine particulate matter in the air increased by 38% in India and China between 1960 and 2009.
Market Dynamics:
Driver:
- Increasing health awareness in urban regions.
- Growing health consciousness, particularly in urban areas, is a major factor anticipated to fuel market expansion. Further expected growth drivers for the target market in the near future include tightening government regulations aimed at reducing air pollution levels. Additionally, already-built power plants are outfitted with NOx catalytic control systems, which raise SO3 concentration levels. Over the forecast period, rising concerns about SO3 reduction are anticipated to fuel market expansion.
Restraint:
- High capital costs.
- Small-scale industries find it challenging to buy ESP systems due to the high initial capital investment needed. These precipitators are constructed from expensive, high-alloy stainless steel. Because of this, the cost of their installation and purchase is preventing the market from expanding.
Opportunity:
- Rising environmental concerns.
- Increasing industrialization in both developing and developed economies, as well as the imposition of strict government regulations to control the emission of hazardous gases, are all factors driving the industry forward. Additionally, a rise in demand for coal- and gas-fired power plants is likely to be advantageous for the market.
Threat:
- Inflexibility in operations.
- ESP systems also don't provide operational flexibility. This is due to the fact that it is challenging to relocate or change the ESP system's capacity once it has been installed. Therefore, before installing these systems, careful planning regarding capacity, type, and location is required. Additionally, because of the volatility of crude oil prices, geopolitical concerns, and high investment risks, many power plants are shifting their energy production toward using renewable sources. During the anticipated period, these factors are likely to limit the market for electrostatic precipitators.
COVID-19 Impact:
- Global industry verticals, including manufacturing, have reported being negatively impacted by the COVID-19 pandemic. Workers in the United States and abroad were advised to stay at home, especially during the pandemic's early stages, to help prevent the spread of the deadly virus. The installation of ESPs throughout the manufacturing and other end-use industries may have been hampered by these factors. However, industrial production has been returning to pre-pandemic levels since the second half of 2021, providing support for business growth in the near future.
- The power generation segment is expected to be the largest during the forecast period
- During the forecast period, the power generation segment is anticipated to generate the most revenue and hold the largest market share. The growth of power plants, where electrostatic precipitators are frequently used to reduce particulate matter from the exhaust gases of furnaces and boilers, has been accelerated by both the growing population and the rising per capita consumption of electricity. For instance, the India Brands Equity Foundation reported that by 2022, the country's power consumption is predicted to reach 1,897.4 terawatt-hours (TWh). This could stimulate the market for electrostatic precipitators in the power generation industry to expand.
- The dry segment is expected to have the highest CAGR during the forecast period
- It is anticipated that the dry electrostatic precipitator market will grow profitably, because of their ability to withstand high temperatures and large amounts of particulate matter, dry electrostatic precipitators are preferred by a large number of businesses. Additionally, compared to a wet electrostatic precipitator, the effectiveness is also greater.
Region with largest share:
Due to its rapid industrialization and improved economic performance in developing nations like India, Bangladesh, and China, Asia-Pacific currently holds the largest market share for electrostatic precipitators worldwide. The government has mandated the installation of electrostatic precipitators in a maximum number of industries in order to combat the excessive air pollution in the nation. Therefore, government agencies and private organizations are implementing cutting-edge technology, which accelerates the electrostatic precipitator's growth in the Asia Pacific.
Region with highest CAGR:
North America is anticipated to significantly increase the electrostatic precipitator market share. The increase in crude oil exploration and production, as well as manufacturing and processing businesses that are investing in reducing air pollution by installing cutting-edge equipment like electrostatic precipitators that help to stop pollution, will increase the demand for electrostatic precipitators in North America.
Key players in the market:
Some of the key players profiled in the Electrostatic Precipitator Market include: AMEC Foster Wheeler, Babcock & Wilcox Enterprises Inc., Beltran Technologies Inc., Clean Tunnel Air International AS, Ducon Technologies, Durr AG, Envitech Inc., FLSmidth AS, Fujian Long king, Geeco Enercon Pvt. Ltd., General Electric, Hamon Group, John Wood Group PLC, Johnson Controls International Plc, KC Cottrell Co. Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd. and Thermax Global.
Key Developments:
In March 2023, New ORC module converts low-temperature waste heat into green electricity. Durr adds Cyplan® ORC 70 NT to ORC portfolio. The new Cyplan® ORC 70 NT now enables this in the lower-temperature segment, which is typical for hot-water networks, geothermal heat sources, and many industrial processes. The low-temperature system has a maximum possible gross output of 70 kWe.
In August 2023, GE Vernova's Digital business announced it has acquired Greenbird Integration Technology AS, a data integration platform company focused on utilities. This acquisition highlights GE Vernova's commitment to investing in technologies and talent that help accelerate the sustainable energy grid. The platform will accelerate GridOS®, the world's first software portfolio designed specifically for grid orchestration, adding new capabilities for connecting systems and integrating data across the grid more easily and at scale. The financial terms of the acquisition are not being disclosed.
In August 2022, Pune-based startup Pi Green is creating technology-driven solutions for the reduction of particulate matter emitted by diesel gensets.
Types Covered:
- Wet
- Dry
Verticals Covered:
- Hardware & Software
- Services
Designs Covered:
- Plate
- Tubular
End Users Covered:
- Cement
- Chemicals & Petrochemicals
- Manufacturing
- Marine
- Metal Processing & Mining
- Power Generation
- Pulp & Paper Mills
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC23704
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Electrostatic Precipitator Market, By Type
- 5.1 Introduction
- 5.2 Wet Type
- 5.3 Dry Type
6 Global Electrostatic Precipitator Market, By Vertical
- 6.1 Introduction
- 6.2 Hardware & Software
- 6.3 Services
7 Global Electrostatic Precipitator Market, By Design
- 7.1 Introduction
- 7.2 Plate
- 7.3 Tubular
8 Global Electrostatic Precipitator Market, By End User
- 8.1 Introduction
- 8.2 Cement
- 8.3 Chemicals & Petrochemicals
- 8.4 Manufacturing
- 8.5 Marine
- 8.6 Metal Processing & Mining
- 8.7 Power Generation
- 8.8 Pulp & Paper Mills
- 8.9 Other End Users
9 Global Electrostatic Precipitator Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 AMEC Foster Wheeler
- 11.2 Babcock & Wilcox Enterprises Inc.
- 11.3 Beltran Technologies Inc.
- 11.4 Clean Tunnel Air International AS
- 11.5 Ducon Technologies
- 11.6 Durr AG
- 11.7 Envitech Inc.
- 11.8 FLSmidth AS
- 11.9 Fujian Long king
- 11.10 Geeco Enercon Pvt. Ltd.
- 11.11 General Electric
- 11.12 Hamon Group
- 11.13 John Wood Group PLC
- 11.14 Johnson Controls International Plc
- 11.15 KC Cottrell Co. Ltd.
- 11.16 Mitsubishi Heavy Industries Ltd.
- 11.17 Siemens AG
- 11.18 Sumitomo Heavy Industries Ltd.
- 11.19 Thermax Global
Product Code: SMRC23704
List of Tables
- Table 1 Global Electrostatic Precipitator Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 4 Global Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 5 Global Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 6 Global Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 7 Global Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 8 Global Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 9 Global Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 10 Global Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 11 Global Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 13 Global Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 14 Global Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 15 Global Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 16 Global Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 17 Global Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 18 Global Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 19 Global Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 20 North America Electrostatic Precipitator Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 22 North America Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 23 North America Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 24 North America Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 25 North America Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 26 North America Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 27 North America Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 28 North America Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 29 North America Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 30 North America Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 31 North America Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 32 North America Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 33 North America Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 34 North America Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 35 North America Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 36 North America Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 37 North America Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 38 North America Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 39 Europe Electrostatic Precipitator Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 41 Europe Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 42 Europe Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 43 Europe Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 44 Europe Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 45 Europe Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 46 Europe Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 47 Europe Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 48 Europe Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 49 Europe Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 50 Europe Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 51 Europe Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 52 Europe Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 53 Europe Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 54 Europe Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 55 Europe Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 56 Europe Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 57 Europe Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 58 Asia Pacific Electrostatic Precipitator Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 60 Asia Pacific Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 61 Asia Pacific Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 62 Asia Pacific Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 63 Asia Pacific Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 64 Asia Pacific Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 65 Asia Pacific Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 66 Asia Pacific Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 67 Asia Pacific Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 68 Asia Pacific Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 69 Asia Pacific Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 70 Asia Pacific Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 71 Asia Pacific Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 72 Asia Pacific Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 73 Asia Pacific Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 74 Asia Pacific Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 75 Asia Pacific Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 76 Asia Pacific Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 77 South America Electrostatic Precipitator Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 79 South America Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 80 South America Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 81 South America Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 82 South America Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 83 South America Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 84 South America Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 85 South America Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 86 South America Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 87 South America Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 88 South America Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 89 South America Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 90 South America Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 91 South America Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 92 South America Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 93 South America Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 94 South America Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 95 South America Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 96 Middle East & Africa Electrostatic Precipitator Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Electrostatic Precipitator Market Outlook, By Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Electrostatic Precipitator Market Outlook, By Wet (2021-2030) ($MN)
- Table 99 Middle East & Africa Electrostatic Precipitator Market Outlook, By Dry (2021-2030) ($MN)
- Table 100 Middle East & Africa Electrostatic Precipitator Market Outlook, By Vertical (2021-2030) ($MN)
- Table 101 Middle East & Africa Electrostatic Precipitator Market Outlook, By Hardware & Software (2021-2030) ($MN)
- Table 102 Middle East & Africa Electrostatic Precipitator Market Outlook, By Services (2021-2030) ($MN)
- Table 103 Middle East & Africa Electrostatic Precipitator Market Outlook, By Design (2021-2030) ($MN)
- Table 104 Middle East & Africa Electrostatic Precipitator Market Outlook, By Plate (2021-2030) ($MN)
- Table 105 Middle East & Africa Electrostatic Precipitator Market Outlook, By Tubular (2021-2030) ($MN)
- Table 106 Middle East & Africa Electrostatic Precipitator Market Outlook, By End User (2021-2030) ($MN)
- Table 107 Middle East & Africa Electrostatic Precipitator Market Outlook, By Cement (2021-2030) ($MN)
- Table 108 Middle East & Africa Electrostatic Precipitator Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
- Table 109 Middle East & Africa Electrostatic Precipitator Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 110 Middle East & Africa Electrostatic Precipitator Market Outlook, By Marine (2021-2030) ($MN)
- Table 111 Middle East & Africa Electrostatic Precipitator Market Outlook, By Metal Processing & Mining (2021-2030) ($MN)
- Table 112 Middle East & Africa Electrostatic Precipitator Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 113 Middle East & Africa Electrostatic Precipitator Market Outlook, By Pulp & Paper Mills (2021-2030) ($MN)
- Table 114 Middle East & Africa Electrostatic Precipitator Market Outlook, By Other End Users (2021-2030) ($MN)
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