Electrostatic
Precipitator (ESP) Market Insights
An
electrostatic precipitator (ESP) is a device which filters fine particles such
as smoke and dust from flowing gas. ESP is particularly used in industrial
applications to reduce air pollution. The global electrostatic precipitator
market is predicted to witness market expansion at a CAGR of 4% during the
assessment period. Market Research Future has surveyed the entirety of the
market for its market report on the subject. Another vital application of ESP
is as a filtration device in industries
like chemical, power, and paper among
others.
Pollution
control has become a priority in many urban areas of the world, and growing
environmental consciousness has resulted
in the implementation of increasingly stringent regulations. This is expected
to impact the global electrostatic precipitator market in a positive manner to
a large degree. Certain countries in the world have achieved incredibly high pollution
rates due to industrialization, urbanization and the growth of the automotive
industry among other reasons. Such countries are actively implementing stringent laws that support and encourage the
adoption of ESPs. Moreover, the growth of the cement industry as well and the
growth of coal-fired power plants is expected to present the market with ample
room for growth as the use of ESP is likely to increase considerably. In October 2016, Manila Declaration on Health and Environment was signed in an effort to address the
environmental impact of pollution and its
further impact on health. With increasing focus on reducing water pollution,
improving environmental enforcement, and increase environmental conservation is expected to drive the market as well
as produce opportunities which aid the demand and growth of the global
electrostatic precipitator market.
Electrostatic
Precipitator (ESP) Market Segmentation
MRFR
has segmented the global electrostatic precipitator market on the basis of
type, component, end-user, and region. Type
has been segmented primarily into dry ESP, and wet ESP. The dry ESP segment
accounts for the most significant segment by type and the growth of this
segment is largely due to the ability of
dry ESP to handle high temperatures and high particulate volumes while consuming low power and remaining
cost effectiveness.
Component has been segmented into hardware,
and software & services.
End-users
have been segmented to include metals,
cement, power, chemicals, and others. The growth of these end-use industries is
expected to have a significant impact on
the adoption and growth of the global ESP market.
Regional Analysis
Globally,
the emerging market in the Asia Pacific is expected to make a big splash in the global
ESP market. Government regulations in the rapidly developing economies in the APAC are expected to drive the demand
for electrostatic precipitators. For example, Beijing has set a target to
improve air quality by up to 80%. One of
the most heavily polluted cities in the world, Beijing's government has also requested cement and steel
plants to suspend or lower production to help improve
pollution levels. Consistent and frequent
environmental inspections of such plants by local authorities are also expected to drive the adoption of ESP.
On the whole, the Chinese government has been rigorously
following a plan to improve high pollution levels by incorporating changes into
its 5-year-plan till 2020. This plan has resulted in a significant reduction in pollution levels and the associated health
risks of pollution.
Key Players
Trion
(US), AMEC Foster Wheeler (UK), Thermax Global (India), Ducon Technologies
(US), Siemens AG (Germany), Babcock & Wilcox (US), General Electric (US),
Mitsubishi Hitachi Power Systems (Japan), Hamon Group (Belgium), and Fujian
Longking (China) are among the leading competitors that have been observed for
their roles in the global electrostatic precipitator market.
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