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Electrostatic Precipitator (ESP) Market - Rapid Growth
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Market Highlights
The global Electrostatic Precipitator market size is expected to grow at ~ 4.00% CAGR during the forecast period.
Based on component, the global electrostatic precipitator (ESP) market analysis is segmented as hardware, software & services. Hardware segment is estimated to dominate the market during the forecast period due to high requirement of hardware component in manufacturing several types of electrostatic precipitators. Hardware component such as high voltage electrical systems, discharge electrodes, collection electrodes, rappers, and shell are an integral part of electrostatic precipitators. Considering the type segment, the market is segmented into dry ESP and wet ESP. Dry ESP segment is expected to lead the electrostatic precipitator market in 2019. This high market share can be attributed to its ability to withstand high temperatures and high particulate volumes, low electricity consumption, and cost-effectiveness.
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Electrostatic precipitator is a device used to remove the dust and ash particles with the exhaust gases of power plants. Electrostatic precipitator uses electrostatic charges to separate particles from a dirty gas stream. Moreover, it is designed to trap and remove the dust particles from the exhaust gas stream in the industries such as chemical, paper, and power, among others. The main types of electrostatic precipitators include plate-wire precipitator, flat plate precipitator, tubular precipitator, wet precipitator, and two-stage precipitator.
Market Research Analysis
Asia-Pacific is estimated to dominate Electrostatic Precipitator Market
Region wise, Asia-Pacific held the largest market share of the global Electrostatic Precipitator market in 2017. Increasing air pollution due to particulate emission, growing industrialization, and presence of many thermal power plants will drive the demand for electrostatic precipitator in Asia-Pacific region. Moreover, increasing implementation of electrostatic precipitators in industries such as steel, cement, and chemical in the Asian region is also going to drive the electrostatic precipitator market.
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Scope of the Report
This report provides an in-depth of the global Electrostatic Precipitator (ESP) market analysis, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Electrostatic Precipitator market by its type, component, end-user, and region.
Key Players
The key players of the global Electrostatic Precipitator market are Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US), among others.
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