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Electrostatic Precipitator Market Size

Report ID: GMI798
Published Date: Jun 2024
Report Format: PDF

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Electrostatic Precipitator Market Size

Electrostatic Precipitator Market was valued USD 8.6 Billion in 2023 and is anticipated to grow at a CAGR of 6.4% from 2024 to 2032. It is an air pollution control device that removes particulate matter from exhaust gases by applying a high-voltage electrostatic charge to the particles, which are then attracted to and deposited on charged plates or other collection surfaces.

Electrostatic Precipitator Market

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Rising government regulations by regulatory bodies such as the U.S. Environmental Protection Agency (EPA), the European Union (EU), and various national agencies to control air pollution is set to propel the product adoption. Growing industries such as power generation, cement, steel, and chemicals along with their increasing particulate emissions create demand for effective particulate control technologies.

Electrostatic Precipitator Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electrostatic Precipitator Market Size in 2023:	USD 8.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.4%
2032 Value Projection:	USD 15 Billion
Historical Data for:	2021 – 2023
No. of Pages:	40
Tables, Charts & Figures:	25
Segments covered:	System, Design, Emitting Industry and Region
Growth Drivers:	Replacement and upgradation of existing technological systems Huge potential in power plants for reducing SO3 emissions Stringent environmental regulations
Pitfalls & Challenges:	Increasing acceptance of fabric filters

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Increasing advancements in ESP technology such as the development of more efficient and cost-effective systems will augment the industry landscape. Furthermore, rising innovations including improvements in electrode design, power supply efficiency, and the incorporation of digital controls for better performance monitoring and maintenance and rising integration of renewable energy sources into the energy mix will drive the business scenario.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of electrostatic precipitator was worth over USD 8.6 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, led by increasing particulate emissions.

The electrostatic precipitator market share from the dry system segment is projected to surpass USD 12.4 billion by 2032, owing to the highly effective properties of dry electrostatic precipitators at capturing fine particulate matter, including PM2.5 and PM10 to meet stringent environmental regulation.

The tubular design segment in the electrostatic precipitator industry is projected to grow at over 6.3% CAGR between 2024 and 2032, on account of its high efficiency in particulate matter collection.

Asia Pacific electrostatic precipitator industry is estimated to exceed USD 7.1 billion by 2032, led by the growing industrial sector, including power generation, cement production, steel manufacturing, and petrochemicals across the region.