Electrostatic Precipitator Market Size & Share, by Type (Dry, Wet); Application (Power & Electricity, Metals, Chemicals); Conditioning Agent (Sulfur Trioxide, Ammonium Sulfate, Triethylamine, Sodium Compounds, Transition Metals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3589
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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 annuallyAmbient 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. 


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Electrostatic Precipitator Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Awareness amongst Public to Reduce Pollution
  • Rising Government Initiatives to Curb Air Pollution

Challenges

  • Competition from Cheaper Alternatives
  • High Cost of Installing and Maintaining Electrostatic Precipitator

Electrostatic Precipitator Market: Key Insights

Base Year

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Electrostatic Precipitator Segmentation

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

  • Dry ESP
  • Wet ESP

             Application

  • Power & Electricity
  • Metals
  • Chemicals
  • Others

 

 

           Conditioning Agent

  • Sulfur Trioxide
  • Ammonium Sulfate
  • Triethylamine
  • Sodium Compounds
  • Transition Metals
  • Others

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Electrostatic Precipitator Industry - Regional Synopsis

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.

Research Nester
Electrostatic-Precipitator-Market-Share
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Companies Dominating the Electrostatic Precipitator Landscape

    • Fujian Longking Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • DUCON
    • S.A. Hamon
    • Trion Solutions, Inc.
    • Babcock & Wilcox Enterprises Inc.
    • Amec Foster Wheeler
    • Thermax Limited
    • Siemens AG
    • Mitsubishi Power, Ltd.
    • General Electric Company

In the News

  • 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


  • Report ID: 3589
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing level of industrial air pollution is primarily estimated to boost the market growth.

The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.

High cost and competition from cheaper alternatives are estimated to hamper the market growth.

The market in the North America region is estimated to gain the largest market share over the forecast period owing to the growing pollution level in the region.

The major players in the market are DUCON, S.A. Hamon, Trion Solutions, Inc., Babcock & Wilcox Enterprises Inc., Amec Foster Wheeler, Thermax Limited, Siemens AG, Mitsubishi Power, Ltd., and others.
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