Electrostatic Coalescers Market Size

Electrostatic Coalescers Market size is predicted to reach USD 5.4 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of electrostatic coalescers was over USD 3 Billion.

The rising demand for clean energy sources from the rapidly increasing population such as wind and solar power is driving the adoption of electrostatic coalescers. As per the International Energy Agency, the supply of renewable energy from the sun, wind, hydropower, geothermal, and ocean increased by over 8% in 2022.

Further, expanding oil & gas exploration, production, and refining activities worldwide increases the need for efficient separation technologies to enhance production processes and ensure product quality. Regional differences in demand structure, infrastructural preparation, technology acceptance, regulatory regulations, and socioeconomic considerations are reflected in the simultaneous expansion of petroleum-powered vehicles and electric vehicles. All these factors, cumulatively bring- up the electrostatic coalescers market growth.