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. 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.
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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
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.
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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