Electrostatic Precipitator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Electrostatic Precipitator Market - Snapshot
In urban areas, pollution levels are increasing with the rise in population. The presence of various air pollutants, such as SO2, NOx, acid mists, and dust particles, etc. is driving the electrostatic precipitator market. The growing trend of industrialization has also contributed to air pollution in urban areas. So the growing health concern will fuel the electrostatic precipitator market. Rigorous regulations with electrostatic precipitators are expected to curb the level of increasing air pollution. Electrostatic precipitators are filtration devices that use electrostatic induction to remove harmful particles. Compared to conventional industrial filters, these electrostatic precipitators work efficiently to remove pollutants and collect wet impurities. The durability and low operating and maintenance cost will boost the electrostatic precipitator market. As a result, various industries such as metal processing, marine, chemicals and power generation, etc. are installing electrostatic precipitators.
Construction, automotive, and industrial activities are emitting uncontrolled chemical fumes and gases, thus making air unfit for respiration. The rising pollution will help in the growth in the electrostatic precipitators market shortly. Various electrostatic precipitator manufacturers are developing mobile applications and technologically advanced mechanisms. The purpose of this development is to make the pollution control system accessible to remote locations. A variety of multinational companies are dominating the electrostatic precipitators market. These big companies are influencing market prices and other initiatives. This product development is planned for a larger run. Organizations are investing a significant amount in the electrostatic precipitator market for R&D, innovations, and technological advancements. This approach gives manufacturers a strong market hold with advanced products. They can also enjoy a competitive lead among other market players. The growth in the coal-fired power plant and cement industry will lead to the expansion in the electrostatic precipitator market.
An electrostatic precipitator, also known as electrostatic air cleaner uses electric charge to eradicate certain impurities from air or other gases in smokestacks. Originally developed for recovery of valuable industrial-process materials, the electrostatic precipitators are currently gaining significant traction for air pollution control. Electrostatic precipitators are ubiquitous today, especially in thermal power plants, owing to burgeoning concerns related to environmental pollution. The electrostatic precipitators are primarily used for removing particles from waste gases across power-generating stations and industrial facilities.
As electrostatic precipitators are highly effective at reducing particle pollution, including small particles, roughly 1 micron in diameter, as well as particles 0.01 micron in diameter in some cases, their adoption is accelerating at a fast pace. Industries are increasingly utilizing electrostatic precipitators for cleaning up flue gases. Growing stringency of international standards to reduce air emissions coupled with rapid industrialization in the emerging economies is driving growth in electrostatic precipitator market. Such factors pushed the electrostatic precipitator market to reach a value roughly US$ 6 billion in 2018.
Electrostatic Precipitator Market - Notable Developments
Notable developments in the competitive landscape of electrostatic precipitator market include:
Some of the most prominent competitors operating in the competitive landscape of global electrostatic precipitator market include –
Stringent Regulations on Industrial Emissions Strengthening Growth in Electrostatic Precipitator Market
Burgeoning government measures to limit particulate matter, due to the rising air borne health issues is driving growth in electrostatic precipitator market. Adoption of numerous emission control measures, such as tax burdens and the need to upgrade prevailing systems will further complement the electrostatic precipitator industry landscape. For instance, the U.S. based manufacturing as well as industrial units need to comply with the emission regulations imposed by the National Emission Standard for Hazardous Air Pollutants. As a result of such regulations, manufacturers are utilizing industrial emission control systems, such as electrostatic precipitators. These growing emission regulations, coupled with a proliferating industrial sector is underpinning growth in the electrostatic precipitators market.
Dry Electrostatic Precipitator System Expected to Gain Significant Share in Market
The adoption of dry electrostatic precipitators has grown significantly in recent years, on the back of their ability to withstand extreme temperatures and high particulate volumes, low power consumption, and low cost. These properties have made dry electrostatic precipitators ideal for installations across cement, pulp & paper, glass manufacturing, thermal power & electricity, and metals processing plants. Furthermore, as dry electrostatic precipitators are highly cost-effective and consume low electricity they reduce the overall operational cost considerably, which is driving their adoption across industries.
Extensive Industrial Applications of Electrostatic Precipitators Boosting their Sales
Electrostatic precipitators are widely used to remove dirt from flue gases in steam plants, oil mists in machine shops, acid mists in chemical process plants, and to purify air in ventilation and air conditioning systems. Such growing applications of electrostatic precipitators in the industrial landscape are driving growth in the market.
High Capital Cost and Lack of Operational Flexibility Restricting Market Growth
Electrostatic precipitators have a significant initial capital cost. As these industrial emission control systems are expensive to purchase and install, small-scale industries don’t buy them. Additionally, their set up needs large space. Also, electrostatic precipitators don’t offer operational flexibility as their capacity can’t be changed once they are installed.
Electrostatic Precipitator Market - Segmentation
Based on system the electrostatic precipitator market is segmented into:
Based on design the electrostatic precipitator market is segmented into:
Based on technology the electrostatic precipitator market is segmented into:
Based on emitting industry the electrostatic precipitator market is segmented into:
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report