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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