Monday, 29 April 2019

Electrostatic Precipitator Market Growth Factors, Business Investments, Size, Share Report and Global Forecast to 2023


The Global Electrostatic Precipitator Market is estimated to expand at ~4.00% CAGR during the forecast period. Electrostatic precipitator is a particle control device used in industries in order to minimize air pollution. It uses electrical forces to move the particles out of the flowing gas stream and onto collector plates. The electrostatic precipitator works on electrostatic attraction function and can handle large gas volumes with a range of inlet temperatures, dust volumes, pressures, and acid gas conditions. It can also collect particles of varying sizes in dry as well as wet states. There are various component of an electrostatic precipitator including inlet, insulator chamber, collecting rapping, inspection door, screw conveyor, rapper drive station, among others.  


The global Electrostatic Precipitator market is projected to grow at a moderate growth rate during the forecast period, mainly due to growing environmental concerns. For instance, in October 2016, Manila Declaration on Health and Environment was signed in order to commit and take the action to address environment and health in the context of the sustainable development goals. All these factors are likely to drive the demand for Electrostatic Precipitator. 
The growing demand for electrostatic precipitator is attributed to growth in coal-fired power plants and growing environmental concerns. Moreover, tightening air pollution control regulations is also driving the market for electrostatic precipitator. One of the major restraints of the electrostatic precipitator is high deployment cost which can hinder the market.  

Key Plyers:
The key players of global Electrostatic Precipitator market are Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US), among others.


Industry Segmentation:
The market for electrostatic precipitator is segmented based on end-user as power, metals, cement, chemicals, and others. The power segment dominates the market due the fact that the electrostatic precipitator are used in many power companies across the globe owing to the advantages offered by these precipitators such as improved particulate collection efficiency, better performance, and ability to handle large quantities of fly ash effectively.

Regional Outlook:
Region wise, Asia-Pacific held the largest market share of the global Electrostatic Precipitator market in 2017. Increasing air pollution due to particulate emission, growing industrialization, and presence of many thermal power plants will drive the demand for electrostatic precipitator in Asia-Pacific region. Moreover, increasing implementation of electrostatic precipitators in industries such as steel, cement, and chemical in the Asian region is also going to drive the market for electrostatic precipitator.

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