Electrostatic Precipitator Market Analysis
Electrostatic precipitator is a device used to remove the dust and ash particles with the exhaust gases of power plants. Electrostatic precipitator uses electrostatic charges to separate particles from a dirty gas stream. The main types of electrostatic precipitators include plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator.
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.
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Electrostatic precipitator is a device used to remove the dust and ash particles with the exhaust gases of power plants. Electrostatic precipitator uses electrostatic charges to separate particles from a dirty gas stream. Moreover, it is designed to trap and remove the dust particles from the exhaust gas stream in the industries such as chemical, paper, and power, among others. The main types of electrostatic precipitators include plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator.
The key players of the 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.
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Electrostatic Precipitator Market Segmentation
Global electrostatic precipitator market has been segmented based on type, component, end-user, and region.
Based on type, the market has been classified into dry ESP and wet ESP. The dry ESP segment dominates the market as the growth of these types of electrostatic precipitators can be attributed to its ability to withstand high temperatures and high particulate volumes, low electricity consumption, and cost-effectiveness.
Based on component, the market is segmented as hardware, software & services. Hardware segment is estimated to dominate the market during the forecast period due to high requirement of hardware component in manufacturing several types of electrostatic precipitators.
Electrostatic Precipitator Regional Market Analysis:
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.
Scope of the Report
This report provides an in-depth analysis of the global Electrostatic Precipitator market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Electrostatic Precipitator market by its type, component, end-user, and region.
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