Home > Industrial Machinery > Industrial Equipment > Marine Electrostatic Precipitator Market

Marine Electrostatic Precipitator Market Size

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

Marine Electrostatic Precipitator Market Size

The global marine electrostatic precipitator market was valued at USD 170.8 million in 2023 and is estimated to grow at a CAGR of 8.5% from 2024 to 2032. It is an air pollution control device used on ships and other marine vessels to remove fine particulate matter, such as soot, ash, and heavy metals, from exhaust gases. It works by charging particles in the exhaust stream with an electrical field and then collecting them on oppositely charged plates or electrodes. This process significantly reduces harmful emissions, including black carbon, improving air quality and helping vessels comply with environmental regulations.

 

Increasing stringency of global environmental regulations including the IMO 2020 sulfur cap mandates that the sulfur content in marine fuel be reduced to 0.5%, significantly lower than the previous 3.5% limit will propel product adoption. In addition, rising regulations regarding particulate emissions, especially in Emission Control Areas (ECAs), where more stringent air quality standards are applied will augment the product penetration.

Growing global focus on climate change and the environmental impact of shipping will foster product demand to reduce black carbon emissions, especially in sensitive regions such as the Arctic will complement the business scenario. Shifting trend of the shipping companies on sustainability and reducing their environmental footprint will create lucrative opportunities for ESP adoption.

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

Buy Now


Premium Report Details

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