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Asia Pacific Wet Electrostatic Precipitator Market Analysis

  • Report ID: GMI11343
  • Published Date: Sep 2024
  • Report Format: PDF

Asia Pacific Wet Electrostatic Precipitator Market Analysis

Based on design, the plate segment is anticipated to cross over USD 859.5 million by 2032, on account of its superior performance in high-moisture environments. Rising demand for designs requiring less maintenance, robust construction and effective cleaning mechanisms is set to influence the product demand. This low-maintenance benefit, combined with high collection efficiency, reduces operational downtime and ensures consistent pollution control will contribute to the business momentum aiming for both cost effectiveness and environmental compliance. Furthermore, growing corporate emphasis on sustainability is pushing industries to adopt cleaner technologies that offer long term environment benefits and reduced energy consumption.
 

Asia Pacific Wet Electrostatic Precipitator Market Share, By Emitting Industry, 2023

Based on emitting industry, the marine segment is set to grow at a CAGR of over 8.5% through 2032, owing to rising stringent marine emission regulations such as the International Maritime Organization’s (IMO) MARPOL Annex VI, to limit Emission Control Areas (ECAs). Growing shipping routes and ports, in China, Singapore and Japan have led to improved trade and economic activities coupled with growing marine emissions on air quality, particularly in coastal and port regions will stimulate the adoption of the wet electrostatic precipitator products.
 

China Wet Electrostatic Precipitator Market Size, 2022-2032 (USD Million)

China wet electrostatic precipitator market is projected to cross over USD 415 million by 2032. Rising strict air pollution control policies, particularly under the Air Pollution Prevention and Control Action Plan and the 13th Five-Year Plan to reduce particulate matter, sulfur dioxide (SO2), and nitrogen oxides (NOx), especially in heavily industrialized areas are driving the product demand. China's dual carbon goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060 will enable industries to adopt cleaner technologies. Furthermore, the presence of key players of WESP in the country, offering innovative and cost-effective solutions, will facilitate widespread product adoption.
 

In the U.S. many companies are embracing sustainable practices and corporate environmental responsibility initiatives, striving to reduce emissions beyond what regulations mandate, propelling product demand. Expanding investments in innovation, and the adoption of next-generation WESPs, with advancements such as lower maintenance requirements, better energy efficiency, and faster installation, additionally drive the industry statistics.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for wet electrostatic precipitator was worth over USD 543.1 million in 2023 and is anticipated to grow at a CAGR of 6.7% through 2032, due to rising enforcement of strict emission standards to combat air pollution.

The marine segment is set to record a CAGR of over 8.5% through 2032, owing to rising stringent marine emission regulations such as the International Maritime Organization’s (IMO) MARPOL Annex VI, to limit Emission Control Areas (ECAs).

China wet electrostatic precipitator market is anticipated to surpass USD 415 million by 2032, due to the rising strict air pollution control policies to reduce particulate matter, sulfur dioxide (SO2), and nitrogen oxides (NOx).

Babcock and Wilcox Enterprises, Inc., DÜRR Group, Duconenv, KC Cottrell India, Mitsubishi Heavy Industries, Ltd., PPC Industries, Sumitomo Heavy Industries Ltd., and Thermax among others.

Asia Pacific Wet Electrostatic Precipitator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 20
  • Countries covered: 6
  • Pages: 80
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