Electrostatic Precipitator Market Overview

The market for electrostatic precipitators was worth US$ 13.47 Billion in 2021. It is projected to grow at a CAGR of 3.9% between 2023 and 2032.

Market expansion will be further fueled by rising awareness and population growth, especially in urban areas. As a result, strict regulations are expected to reduce air pollution and increase the use of such equipment. This will be a factor that is likely to support growth over the forecast period. Every year, efforts are made to create a clean environment. Market growth is expected to be driven by increasing awareness of health in developed regions like Europe and North America, as well as developing regions like the Asia Pacific.

Global Electrostatic Precipitator Market Scope:

Technology Analysis

The dry electrostatic precipitator is one of the fastest-growing segments of technology and is expected to see strong growth over the forecast period. In 2021, the market for dry-type electrostatic precipitators was valued at US$ 9,230 million. Based on their functionality, traditional wet-type electrostatic precipitators can be used in critical industrial processes like the removal of sulfuric acid droplets and mist from gas streams.

Application Analysis

The market for electrostatic precipitators has been divided into several applications: chemical, metals, power generation, cement, and manufacturing. In terms of revenue, the manufacturing segment is expected to grow at a CAGR of 4.1% during the forecast period. This segment is expected to grow significantly due to an increase in the industrialization and construction sectors around the globe.

Key Market Segments:

By Technology

• Dry
• Wet

By Application

• Chemical
• Power Generation
• Metal
• Manufacturing
• Cement
• Other Applications

Market Dynamics:

The Clean Air Act, of 1970 has established standards by the Environment Protection Agency (EPA), for improving and maintaining air quality. Many programs are also implemented by the EPA to reduce pollution levels. These policies and regulations will continue to drive the U.S. market for electrostatic precipitators over the next eight years. Air pollution has been greatly affected by industrialization, particularly in urban areas.

The air is unsafe to breathe because of the uncontrolled release of chemicals and fumes from industrial, construction, and automotive activities. This is expected to be a positive factor for market growth over the next years. Due to increasing automation, rapid industrialization, and strict government regulations to reduce pollution, regions such as North America, Asia Pacific, and Europe are expected to see substantial demand. Protecting human lives and protecting them from illness caused by a polluted atmosphere is an important function of electrostatic precipitators.

Regional Analysis

The Asia Pacific was the dominant market for electrostatic precipitators in 2021, accounting for 38.7% of total revenue. This growth is expected to be driven by China’s economic performance, large investments in research and technology, and rising technological support. China is experiencing massive changes in terms of economic disparities in rural and urban populations, urbanization, and air pollution control. The country’s market growth will be limited by the ongoing rise in pollution and other health problems. Germany, Russia, and Spain are the top markets for electrostatic precipitators in Europe. Europe was second in revenue due to the high demand for pollution control equipment.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Many manufacturers of electrostatic precipitators are now focusing their efforts on mobile apps and other advanced technologies to make remote areas accessible. Market growth is expected to be aided by this factor over the forecast period. Multinational companies dominate the market, and they have made a significant impact on North America and Europe. The top players are key to pricing and other market strategies. Manufacturers of electrostatic precipitators are focusing more on product development to strengthen their market position. Research and development is a major focus of companies. This allows manufacturers to create unique products and gives them a competitive advantage.

Market Key Players:

• Siemens AG
• General Electric
• Mitsubishi Hitachi Power
• Babcock & Wilcox
• AMEC Foster Wheeler
• Thermax Global
• Ducon Technologies
• Fujian Long king
• Hamon Group
• Other Key Players

For the Electrostatic Precipitator Market research study, the following years have been considered to estimate the market size: