Power Generation Electrostatic Precipitator Market Size - By Design (Plate, Tubular), By System (Wet, Dry), Forecast, 2025 - 2034

Power Generation Electrostatic Precipitator Market Size

The global power generation electrostatic precipitator market was valued USD 3.4 billion in 2024 and is estimated to grow at a CAGR of 6% from 2025 to 2034. Rising stringent environmental regulations worldwide to combat pollution and climate change are poised to influence product adoption. According to IEA standards, coal-based power plants that installed units from January 2017 onward must adhere to the following emissions limits SO2 at 100 mg/nm3, PM at 30 mg/nm3, NOx at 100 mg/nm3, and Hg at 0.03 mg/nm3.
 

In developing countries, rising financial incentives or subsidies for adopting clean technologies are encouraging power plants to invest in systems, leading to propel industry statistics. Furthermore, rising demand for systems to enhance the overall operational efficiency of power plants by capturing ash and particulate matter that would otherwise cause wear and tear on equipment, stimulates the product penetration.
 

Growing improvements in ESP technology, including enhanced efficiency in high temperature and reduced maintenance, have made these systems more attractive for power generation, additionally driving the business scenario. For instance, Babcock & Wilcox provides dry and wet types of Electrostatic Precipitators (ESPs) with effectiveness at temperature not exceeding 800°F (427°C) suitable for different industrial processes.
 

The emerging economies are experiencing an increase in electricity consumption more than ever, which is leading the power companies to increase power generation. This creates ESPs demand to ensure that this growth does not come at the expense of environmental sustainability, leading to business expansion. Furthermore, increasing implementation of the new technologies equipped with smart controlling systems, high powered supplies, and better electrode designs will boost the growth of the product.
 

Increasing pollution concerns in highly polluted areas, including India has encouraged the country to boost the adoption of solutions that can reduce emissions coming out of different industries, power plants being the growing one. According to the Statista report, the Vijayanagar coal-fired power station has the highest emissions in India for the year 2023, emitting around 26 million metric tons of carbon dioxide equivalent. These escalated pollution challenges will develop profitable growth opportunities for the implementation of ESP in power generation systems.
 

Power Generation Electrostatic Precipitator Market Trends

• Growing adoption of renewable energy sources in power generation plants, driven by a commitment to environmental sustainability and alignment with the global shift toward sustainable energy, will boost the product uptake. Rising expansion of power generation infrastructure in emerging economies, where industrial growth is accompanied by increasing environmental regulations, drives product demand.
   
• Ongoing upgradation of older power plants with improved emission control systems to comply with modern environmental standards will bolster the product adoption. For instance, approximately 60% of India's coal-based thermal power plants are over 20 years old, indicating a substantial need for renovation and modernization to improve performance and reduce emissions, driving the product demand.
   
• Growing power plants transition to supercritical and ultra-supercritical technologies for higher efficiency and lower emissions, will make ESP a preferred choice due to their ability to handle high-temperature and high-pressure environments effectively, leading to industry growth. Furthermore, some power plants are adopting hybrid pollution control systems that combine ESPs with fabric filters to maximize particulate removal. This trend is increasing ESP adoption as part of multi-stage emission control strategies.
   
• Ongoing companies focus on helping retrofitting of old plants will enhance the product growth. For instance, in February 2023, Thermax Limited revealed that it clinched a contract valued at USD 29.3 million. The deal, inked with an Indian public sector power company, centers on overhauling the electrostatic precipitator system. Furthermore, aging power infrastructure, environmental mandates, and the need for cleaner energy will drive the business statistics.
   

Power Generation Electrostatic Precipitator Market Analysis

• The power generation electrostatic precipitator market was valued at USD 3.04 billion, USD 3.21 billion, USD 3.4 billion, in 2022, 2023 and 2024 respectively. The industry is segmented into plate and tubular based on design.
   
• Plate segment has shown significant growth owing to their high collection efficiency in capturing particulate matter. The large surface area provided by the plates enhances the electrostatic field, which improves the attraction and retention of dust and ash particles. Rising demand for cost-effective designs due to their simpler construction and lower initial investment drives product growth.
   
• Growing emissions from power plants have been a vital factor for ESP adoption in plate design. In 2023, the World Meteorological Organization reported that atmospheric CO? levels reached 420 parts per million (ppm), a 10% increase over two decades, largely due to persistent fossil fuel combustion, including emissions from power plants. These factors will improve the design adoption on account of its lower operational and maintenance expenses, as they are easier to clean and maintain.
   
• The tubular segment is set to grow at a CAGR of over 8% by 2034 due to its superior performance in capturing fine particulates (1 micron), making them ideal for power plants striving to meet stringent emission norms. Increasing demand for ESP offering enhanced performance in wet conditions will make them a preferred choice for power plants utilizing flue gas desulfurization (FGD) systems, driving the industry growth.
   

• Based on system, the power generation electrostatic precipitator market is segmented into wet and dry. The dry segment holds a market share of 86.3% in 2024 due to its minimal water usage, making it a cost-efficient choice compared to wet ESPs, particularly in regions facing water scarcity.
   
• Rising demand for ESP that can handle high temperatures up to 700 °C will make dry product an ideal option for coal-fired and biomass power plants. Additionally, the product can eliminate moisture-related corrosion issues, reducing maintenance costs and extending equipment lifespan, leading to business expansion.
   
• Wet is set to grow at a CAGR of over 6.6% by 2034 on account of their ability to handle very small particles and mist, making them suitable for environments where fine particulate control is critical, such as in power plants with high sulfur content in their flue gases. Moreover, their capacity to manage substantial dust loads without a notable drop in performance, even in the presence of liquid ensures consistent collection efficiency and acts as an advantageous factor for power plants that have flue gases rich in ash content, leading to boost business growth.
   

• North America holds 18.1% of the market share in 2024, which is expected to improve further by 2034. The U.S. power generation electrostatic precipitator market was valued at USD 372.9 million, 392 million, 413 million in 2022, 2023 and 2024, respectively.
   
• In the U.S. rising aging infrastructure that requires modernization is improving the adoption of advanced ESP systems to enhance efficiency and meet current emission standards. Growing government support in reducing carbon emissions from power plants will improve the product adoption. In February 2023, the U.S. Department of Energy (DOE) allocated USD 2.5 billion to support two carbon management programs aimed at significantly reducing carbon emissions from power generation and hard-to-abate industrial sectors.
   
• Increasing emphasis on corporate social responsibility and environmental stewardship in the U.S. is encouraging power companies to adopt ESPs to not only comply with regulations but also to bolster their sustainability credentials and meet consumer and stakeholder expectations for cleaner energy production, driving the industry growth.
   
• Asia Pacific power generation electrostatic precipitator market is anticipated to grow over USD 2,900 million by 2034. Rising stringent environmental regulations, coupled with the presence of significant coal-based power generation in countries such as China and India are fostering product adoption. As per Statista's 2024 study, in China, currently, there are more than 1,100 coal base plants, whereas in India, the number is close to 280. These numbers are expected to improve further even after rising deployment of renewable power sources, which will foster the business statistics.
   
• Additionally, the expansion of power plants necessitates the adoption of advanced pollution control technologies to mitigate the environmental impact and address public health concerns, thereby boosting business growth. Furthermore, many governments in the region offer incentives, subsidies, or favorable policies to encourage the adoption of cleaner technologies, making ESPs more attractive to power plants seeking to improve their environmental footprint, thereby complementing product growth.
   

Power Generation Electrostatic Precipitator Market Share

• Top three players, including DANDRITZ GROUP, Babcock and Wilcox Enterprises and Thermax Group account for nearly 33.4% of the power generation electrostatic precipitator market. These enterprises are investing in research and development to innovate and improve ESP designs, such as enhancing collection efficiency, reducing energy consumption, and integrating new materials that resist corrosion and high temperatures.
   
• Eminent market participants are deploying personalized system solutions for various fuel types and power plants that meet the emission needs of each plant. In addition, the recent expansion towards new markets in Asia Pacific, Africa and Latin America where industrialization and emission standards increase the need for advanced control technologies.
   
• Firms are expanding capabilities through mergers and acquisitions, such as Valmet’s acquisition of ECP Group for enhanced ESP solutions. Additionally, collaborations with power plant operators allow companies to provide tailored retrofit solutions and ensure long-term service agreements.
   

Power Generation Electrostatic Precipitator Market Companies

Eminent players operating in the power generation electrostatic precipitator industry are:

• ANDRITZ GROUP
• Babcock and Wilcox Enterprises
• Enviropol Engineers
• FLSmidth
• Hitachi Power Systems
• Isgec Heavy Engineering
• KC Cottrell India
• PPC Industries
• Sumitomo Heavy Industries
• Thermax Group
• TAPC
• VT Corp
• Wood PLC
   
• Babcock and Wilcox Enterprises, reported consolidated revenues of about USD 209.9 million for the third quarter of 2024 and an adjusted EBITDA of USD 22.3 million. For the power generation sector, they provide both dry and wet ESP systems aimed at controlling particulate emissions. Their ESPs have been shown to be highly efficient and reliable in meeting emissions compliance for the most demanding regulatory environments.
   
• Valmet Oyj reported revenues of around USD 4.5 billion for the fiscal year 2024, with an adjusted EBITDA of USD 600 million, showcasing strong operational efficiency. Their ESP offerings are designed to efficiently remove dust particles and other pollutants from flue gases, ensuring compliance with stringent environmental regulations. Valmet's ESP technologies include both dry and wet systems, tailored to accommodate various plant sizes and operational requirements.
   

Power Generation Electrostatic Precipitator Industry News:

• In February 2024, at a Sambalpur event, India's Prime Minister inaugurated the NTPC Darlipali Thermal Power Station and the NSPCL Rourkela PP-II Expansion Project. He also laid the foundation for the Stage-III NTPC Talcher Thermal Power Project, which will feature advanced environmental technologies such as efficient electrostatic precipitators, biomass co-firing, flue gas desulphurization, and covered coal storage. These upgrades are designed to reduce coal consumption and lower CO2 emissions.
   
• In March 2023, ISGEC Heavy Engineering Ltd won a USD 23 million contract with the Maharashtra State Power Generation Company Ltd for upgrading and refurbishing the ESPs for the 2×500 MW Chandrapur thermal power station in Maharashtra. The purpose of the project is to modify existing ESPs and improve them to better capture particulate contaminants in line with current emissions standards for thermal power plants.
   

The power generation electrostatic precipitator market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Million)” from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Design

• Plate
• Tubular

Market, By System

• Dry
• Wet

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Angola
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru