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Marine Electrostatic Precipitator Market Analysis

  • Report ID: GMI11910
  • Published Date: Oct 2024
  • Report Format: PDF

Marine Electrostatic Precipitator Market Analysis

Based on system, the dry segment is set to reach over USD 300 million by 2032, owing to their lower operational and maintenance costs compared to alternative systems. Growing demand for systems with simpler designs and fewer components that require less frequent maintenance, reduced downtime and overall costs for ship operators will strengthen the product adoption. Increasing space constraints, especially in older vessels necessitates demand for compact and easy to integrate into existing ship infrastructure systems leading to industry growth.
 

Marine Electrostatic Precipitator Market Share, By Design, 2023

Based on design, the plate segment is set to grow at a CAGR of over 8% through 2032, on account of their high efficiency in capturing fine particulate matter, particularly important in marine applications, where the exhaust gases from large engines and diesel generators contain significant amounts of particulate matter. Growing demand for equipment offering high durability and minimal maintenance due to the harsh operating conditions, including exposure to saltwater, humidity, and corrosive exhaust gases will complement the plate design adoption.
 

Additionally, their robust construction and ability to manage large volumes of exhaust without frequent cleaning or replacement will make them ideal for maritime use, reducing operational downtime and overall maintenance costs.
 

Asia Pacific Marine Electrostatic Precipitator Market Size, 2022-2032 (USD Million)

Asia Pacific marine electrostatic precipitator market is predicted to hit USD 170 million by 2032. Rising adoption of stricter environmental regulations to combat air pollution and reduce greenhouse gas emissions coupled are encouraging companies to invest in advanced emissions control technologies, leading to industry growth. Increasing maritime trade and investments of key players in developing advanced technology with improvements in efficiency and reductions in size and cost will promote product demand. Furthermore, rising government incentives and funding for adopting green technologies in the shipping industry will boost the industry outlook.
 

In the U.S. rising strict regulations governing air quality, particularly through the Environmental Protection Agency (EPA) and state-level agencies, necessitates the adoption of effective emissions control technologies. U.S. shipping companies increasing focus on adopting sustainable practices in their operations coupled with rising research on technology development specialized in emissions control systems will augment the product penetration.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for marine electrostatic precipitator was reached USD 170.8 million in 2023 and is estimated to grow at a CAGR of 8.5% from 2024 to 2032, driven by the reduction in black carbon emissions and stricter environmental regulations.

The dry marine electrostatic precipitator segment is anticipated to cross over USD 300 million by 2032, due to their lower operational and maintenance costs compared to alternative systems.

The plate design segment is set to grow at a CAGR of over 8% through 2032, owing to their high efficiency in capturing fine particulate matter and their robust construction suitable for harsh marine conditions.

The Asia Pacific market for marine electrostatic precipitator is likely to exceed USD 170 million by 2032, propelled by stricter environmental regulations and increasing investments in advanced emissions control technologies.

Key players in the marine electrostatic precipitator industry include ANDRITZ GROUP, Fuji Electric, GEA Group, KC Cottrell India, Kraft Powercon, Mitsubishi Heavy Industries, McGill AirClean, Sumitomo Heavy Industries, Siemens Energy, and Valmet.

Marine Electrostatic Precipitator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 20
  • Countries covered: 26
  • Pages: 70
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