Electrostatic Precipitator Market PDF

Electrostatic Precipitator Market size estimation to reach
USD 18 billion by 2024: Global Market Insights, Inc.
Electrostatic Precipitator Market size was valued at USD 8.5 billion in 2015, and will grow at
over 9% CAGR estimation to reach USD 18 billion by 2024.
Rising environmental, safety, and health concerns in reducing air pollution will fuel industry
growth through 2024. Factors, such as low operational cost, high efficiency, and the ability
to operate across wide temperature ranges, will catalyze electrostatic precipitator market
size.
These products offer high efficiency & capability to handle large gas volumes at extreme
temperatures and also provide coal-fired power plants with a performance boost. Effective
use of these products helps in preventing water & soil acidification, respiratory or
cardiovascular diseases, cancer and fertility problems, and ground level ozone. This will play
a vital role in various heavy industries, such as steel mills, cement plants, and thermal power
stations, over the forecast timeline.
Key players in the global electrostatic precipitator market include Babcock & Wilcox.,
Balcke-Durr, Alstom, Siemens, Trion, Total Air Pollution Control, and Clean Tunnel Air
International.
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Browse industry report in detail:
https://www.gminsights.com/industry-analysis/electrostatic-precipitator-market
The industry is predicted to witness potential opportunities owing to rising thermal power
plant construction & renovation across the globe. In addition, attributes offered by these
systems, such as silent operation and high response time, catalyze the product demand.The
escalating need for reducing air pollution levels and stringent environmental norms could be
a key reason for its penetration across developed and developing nations.
High raw material cost and initial investment required to manufacture and install these
devices could hamper electrostatic precipitator market size over the next eight years. In
addition, tremendous maintenance requirements associated with these systems may
negatively impact the product demand. The U.S. Environmental Protection Agency (EPA) has
developed many regulatory guidelines and emission parameters pertaining to the device
usage in various industrial applications such as coal-fired boilers.
Wet electrostatic precipitators are the preferred technology owing to their substantial
operational efficiency with saturated gas conditions and gas moisture. It can be designed as
horizontal or vertical flow configurations based on the cost and arrangement required.
Regional & Competitive Analysis:
Asia pacific electrostatic precipitator market is predicted to experience a substantial growth
owing to the rising demand for device installation in industrial boilers and other machinery.
Increasing construction of power plants across the region will also fuel product demand
over the forecast timeline. China is expected to contribute a major industry share owing to
the presence of a large number of manufacturing industries across the region.
U.S. electrostatic precipitator market share is forecast to witness consistent growth due to
strict government policies for reducing environmental pollution throughout the region.
Escalating industrial investments that focus on the improvisation of gas filtration efficiency
in the U.S. will drive product demand from 2016 to 2024.
The Europe electrostatic precipitator market size may witness moderate growth prospects
due to decreasing industrial revenues in coal-fired generators as well as steel mills.
Key players in the global electrostatic precipitator market include Babcock & Wilcox.,
Balcke-Durr, Alstom, Siemens, Trion, Total Air Pollution Control, and Clean Tunnel Air
International. Rising focus on research and development while manufacturing superior
products by industry players may offer a competitive edge over the forecast period.
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