Global Electrostatic Precipitator Market: Electrostatic precipitator market will witness an appreciable growth on account of rising measures toward reducing the air emissions.

Published Date: 12/05/2021

The overall electrostatic precipitator market is expected to grow from USD 6.26 billion in 2020 to USD 8.22 billion by 2027, at a CAGR of 4.0 %. Electrostatic Precipitators (ESPs) are a filtration device used for removing fine particulate matter from an exhaust gas by means of an electrostatic force. ESPs possess high collection efficiency and can handle large gas volumes at high temperatures. This renders them vital to heavy industries such as steel mills & cement plants, and especially to thermal power plants. Combustion processes in coal-fired power plants receive a performance boost with the use of ESPs. They also act as conditioning systems for the fly ash and flue gases produced during the process.

Environmental, Health, & Safety guidelines emphasize the need for better air quality & air pollution control, something achievable to a great extent with the use of ESPs. This industry is aiming towards higher efficiency numbers, especially in coal-fired electricity generation. Increased adoption of newer technologies & subsequent renovation by existing power plants proves to be very attractive opportunities for this market in the future. Since demand for thermal power generation is not going to recede, the threat level for the ESP industry is minimal.

The technological segmentation of ESPs is done depending on the characteristics of particulate matter involved and volume of the exhaust gas. Based upon whether steam is used, the classification is done as wet ESP and dry ESP. The primary segmentation for ESP’s is done on the basis of the components. The earlier design of the parallel plate-weighted wire has now been replaced by modern versions including the pipe-frame design.

Increasing government measures to curb particulate matter owing to rising air borne health issues will accelerate the electrostatic precipitator industry growth. Adoption of various emission control measures including tax burdens and the need to upgrade existing systems will further complement the business landscape. As per ICIS, the government of China aims to reduce NOx and SO2 levels by 3% in 2018 along with achieving decline in particulate matter (PM2.5) concentration.

A few major companies in the electrostatic precipitator market are: General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Siemens (Germany), Amec Foster Wheeler (UK), Babcock & Wilcox (US), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US)

The U.S. electrostatic precipitator market will witness a steady growth up to 2027. On-going construction activities and rising awareness among industry players toward adopting emission control technologies will stimulate the market statistics. In addition, heavy investments toward various infrastructural projects will fuel the installation and up gradation of these systems.

European market share is expected to surpass USD 1.6 Billion by 2024. Surging mining activities owing to rising demand for precious metals along with growing focus toward sustainable development will complement the business landscape. Accelerated exports in the metal processing sector owing to augmented demand from automotive industry will further boost the product penetration.

Asia is the market leader for new systems as well as the repair & upgrade of existing ESPs. This is mainly due to addition of a large number of power plants in China and other emerging economies in this region. Major demand is also expected in India, where coal-fired generation occupies a majority segment of the overall power generation mix. Meanwhile, the new market for ESPs is likely to be small in Western Europe and North America. The regional segmentation will be done as North America, Europe, Asia Pacific, and Rest of the World (ROW).