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Home ➤ Manufacturing ➤ Engineering | Equipment and Machinery ➤ Electrostatic Precipitator Market
Electrostatic Precipitator Market
Electrostatic Precipitator Market
Published date: April 2023 • Formats:
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  • Home ➤ Manufacturing ➤ Engineering | Equipment and Machinery ➤ Electrostatic Precipitator Market

Global Electrostatic Precipitator Market By Type (Dry Electrostatic Precipitator, and Wet Electrostatic Precipitator), By Application , By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028

  • Published date: April 2023
  • Report ID: 28357
  • Number of Pages: 261
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Electrostatic Precipitator Market Overview
    • Global Electrostatic Precipitator Market Scope:
    • Key Market Segments:
    • Market Dynamics:
    • Regional Analysis
    • Key Regions and Countries covered in the report:
    • Market Share & Key Players Analysis:
    • Market Key Players:

    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.

    Electrostatic Precipitator Market

    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.

    Electrostatic-precipitator-market value regional hare

    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.

    Electrostatic precipitator Market Company Share Analysis

    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:

    AttributeReport Details

    Market Size in 2022

    13.47 Billion

    Growth Rate

    3.9%

    Forecast Value in 2032

    21.32 Billion

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    What is the size of the Electrostatic Precipitator market in 2021?

    The Electrostatic Precipitator market size is US$ 13,471.6 million in 2021.

    What is the projected CAGR at which the Electrostatic Precipitator market is expected to grow at?

    The Electrostatic Precipitator market is expected to grow at a CAGR of 3.9% (2023-2032).

    List the segments encompassed in this report on the Electrostatic Precipitator market?

    Market.US has segmented the Electrostatic Precipitator Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By technology, the market has been segmented into Dry & Wet; by application, the market has been segmented into Chemical, Metal, Power Generation, Cement, Manufacturing, & Other Applications.

    List the key industry players of the Electrostatic Precipitator market?

    Siemens AG, General Electric, Mitsubishi Hitachi Power, Babcock & Wilcox, AMEC Foster Wheeler, Thermax Global, Ducon Technologies, Fujian Longking, Hamon Group, Other Key Players, are engaged in the Electrostatic Precipitator market.

    Which region is more appealing for vendors employed in the Electrostatic Precipitator market?

    Asia Pacific accounted for the highest revenue share of 38.7%. Therefore, the Electrostatic Precipitator industry in Asia Pacific is expected to garner significant business opportunities over the forecast period.

    Name the key areas of business for the Electrostatic Precipitator Market.

    The U.S., Canada, The U.K., Germany, Italy, Russia, Spain, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, and UAE, etc., are leading key areas of operation for Electrostatic Precipitator Market.

    Which segment accounts for the greatest market share in the Electrostatic Precipitator industry?

    With respect to the Electrostatic Precipitator industry, vendors can expect to leverage greater prospective business opportunities through the Dry segment, as this area of interest accounts for the largest market share.

    Electrostatic Precipitator Market
    Electrostatic Precipitator Market
    Published date: April 2023
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    • Siemens AG
    • General Electric
    • Mitsubishi Hitachi Power
    • Babcock & Wilcox
    • AMEC Foster Wheeler
    • Thermax Global
    • Ducon Technologies
    • Fujian Long king
    • Hamon Group
    • Other Key Players
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