Electrostatic Precipitator Market size was over USD 7.67 billion in 2023 and is poised to cross USD 16.97 billion by the end of 2036, witnessing more than 6.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electrostatic precipitator is estimated at USD 8.06 billion.
The growth of the market can be attributed to the increasing level of air pollution across the globe, along increasing industrial activities emitting toxic pollutants in the air. According to the data by the World Health Organization, 91% of the global population lives in areas exceeding WHO guideline limits of air pollutants. According to the data by the World Bank, the health damage from ambient air pollution costs over $5.7 trillion globally, equivalent to 4.8% of global GDP, as of 2020.
Electrostatic precipitator uses electricity to charge the particles present in smokes or fumes, and collects these particles on anode or cathode plates. This way, toxic particles present in industrial smoke are not emitted in the atmosphere, in turn, reducing the level of ambient pollution. According to the data by the WHO, over 7 million deaths are caused by air pollution annually. Ambient air pollution causes approximately 4.2 million deaths worldwide.
Growing concerns amongst authorities, regarding the increasing air pollution level, is estimated to increase the demand for electrostatic precipitator. The growing adoption of electrostatic precipitator amongst various end-users, including thermal power plants, cement factories, and chemical industries, is estimated to boost the market growth. Moreover, rising government initiatives to reduce pollution is estimated to boost the market growth.
In the past few decades, the level of pollution has significantly decreased, owing to the rising awareness amongst the public. According to the data by the Environment Protection Agency (EPA), the level of carbon monoxide had decreased from -81 percentage points during the period 1980 vs 2020 to -12 percentage points during the period 2010 vs 2020.
Growth Drivers
Challenges
2023 |
|
Forecast Year |
2024–2036 |
CAGR |
6.3% |
Base Year Market Size (2023) |
USD 7.67 billion |
Forecast Year Market Size (2036) |
USD 16.97 billion |
Regional Scope |
|
The market is segmented by application into power & electricity, metals, chemicals, and others out of which, the power & electricity segment is anticipated to hold the notable share in the global electrostatic precipitator market over the forecast period as electricity generation creates large amount of smoke and other greenhouse gases. The growing adoption of electrostatic precipitator in thermal power plants, is estimated to fuel the segment growth.
Our in-depth analysis of the global market includes the following segments:
Type |
|
Application |
|
Conditioning Agent |
|
On the basis of geographical analysis, the global electrostatic precipitator market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is estimated to hold largest revenue share by 2036, propelled by growing industrial pollution in the region. Moreover, growing government initiatives to curb air pollution in the region, is estimated to boost the market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high pollution level, backed by rapid industrial advancement in the region. As per the data by the US Environment Protection Agency, about 68 million tons of polluted air was emitted into the atmosphere in the United States, in 2020. The growing awareness amongst the public in the region, is estimated to boost the market growth.
January 27, 2021: Hamon to design and deliver one of the biggest sea water Flue Gas Desulfurization systems in Tanjung Jati, Indonesia.
Author Credits: Dhruv Bhatia
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