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Electrostatic Precipitator Market Trends

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

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Electrostatic Precipitator Market Trends

Growing awareness of the air pollution health impacts, particularly fine particulate matter (PM2.5 and PM10), which has been linked to respiratory and cardiovascular diseases is putting pressure on industries to reduce emissions, thereby increasing the product adoption. Rapid urbanization and economic growth, particularly in emerging economies, are contributing to increased industrial activity and energy consumption, thereby necessitating product demand. Shifting industries focus on retrofitting and upgrading their existing pollution control systems to meet newer and stricter emission standards are some factors driving the product penetration.

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.