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Marine Electrostatic Precipitator Market Trends

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

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Marine Electrostatic Precipitator Market Trends

Growing demand for global shipping and the push for fleet modernization will contribute to the market growth. Increasing retrofitting of older vessels to meet new emission standards and rising new shipbuilding with cleaner technologies integration into ship exhaust systems to ensure long-term regulatory compliance will stimulate the industry landscape. Furthermore, rising concern about increasing air pollution from shipping coupled with growing pressure by governments and environmental groups on the maritime industry to reduce harmful emissions will bolster the product 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.