Electrostatic Precipitator Market worth over $15 Bn by 2032

Electrostatic Precipitator Market size is anticipated to reach USD 15 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The industry growth is attributed to the rising installation of air filtration systems to combat industrial pollution. To limit health hazards associated with emissions, stringent regulations are also being imposed. For example, EU Member State permitting authorities will be required to adopt tight industrial emission limit values when setting new or revising permit conditions. Such initiatives will foster the reliance on electrostatic precipitator equipment to remove ash and soot from exhaust fumes in manufacturing and other end-use industries.
 

Wet ESPs to gain traction due to high effectiveness in submicron & flammable particle capture

The electrostatic precipitator market from wet system segment is set to register more than 7% CAGR through 2032. This growth is credited to the capability of wet electrostatic precipitators to control acid mists and collect flammable, wet, explosive, and sticky particles at saturated gas conditions. ESPs are also effective in capturing submicron particles with up to 99.9% efficiency. Such product attributes are contributing to extensive product adoption across manufacturing and chemical industries.
 

Cost-effectiveness & other key attributes drive tubular electrostatic precipitator development

Electrostatic precipitator industry from the tubular segment valued at over USD 1 billion in 2022, on account of its application scope in the gas, chemical, and steel industries. Tubular ESPs have also emerged as a cost-effective emission reduction solution. It can remove wet or sticky particulate, ensure minimal re-entrainment losses, and prevent the leakage of materials, thereby gaining widespread acceptance in steel and other industrial plants.
 

Reliance on coal-fired electricity to stimulate electrostatic precipitator installation

In terms of emitting industry, the power generation segment in the electrostatic precipitator market will exhibit nearly 6% gains through 2032. The implementation of strict measures to control pollution in power plants and the emphasis on existing power system upgrades are among the growth drivers. In recent years, the increasing price of natural gas amid the global energy crisis has boosted reliance on coal for power generation. The increasing adoption of coal-fired electricity generation practices and investment in exhaust pollution control systems will thus escalate product usage in power generation applications.
 

Browse key industry insights spread across 260 pages with 455 market data tables & 32 figures & charts from the report, “Electrostatic Precipitator Market Size By System (Dry, Wet), By Design (Plate, Tubular), By Emitting Industry (Power Generation, Chemicals and Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2023– 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electrostatic-precipitator-market
 

Increasing investment in manufacturing sites will fuel electrostatic precipitator construction in Europe

Europe electrostatic precipitator market size is slated to surpass more than USD 2.5 billion by 2032, owing to the rising emphasis on industrial equipment retrofitting and modernization. In recent years, investment in manufacturing facilities has increased significantly, especially in the European Union. In addition, the robust supply chain networks and the introduction of strict mandates pertaining to emissions will bolster the installation of efficient industrial systems and strengthen the regional industry outlook.
 

Product range expansion strategies to complement global industry dynamics

Key participants operating in electrostatic precipitator market are GEECO Enercon Pvt. Ltd., Fuel Tech Inc., DUCON, KC Cottrell India, Wood Plc, Sumitomo Heavy Industries Ltd., KLEAN Environmental Technology Co., Ltd, Mitsubishi Heavy Industries, Ltd., Babcock and Wilcox Enterprises, Inc., Thermax Limited, and General Electric. These companies are focusing on product range expansion strategies to gain a competitive edge over rivals in the global industry.
 

For instance, in May 2022, Valmet launched a new range of wet electrostatic precipitators for marine applications to curb emission levels. The modern system was designed and tested to remove harmful particulate matter and black carbon from the exhaust gas flow by up to 99% in marine diesel engines. This initiative was meant to enable the company to enhance its position across the industry.