Global Electrostatic Precipitator Market

The global electrostatic precipitator market is likely to grow remarkably on account of the rise in replacement and upgradation activities of environment control equipment by market players. Fortune Business Insights analyses the market in details in its report titled, "Electrostatic Precipitator Market Size, Share and Global Trend By Type (Dry, Wet), By Design (Plate, Tubular), By End-User (Pulp and paper mills, Chemical Industry, Cement Kiln & Steel Plant, Thermal Power Plant, Petroleum Industry, Others) and Geography Forecast till 2026".

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https://www.fortunebusinessinsights.com/industry-reports/electrostatic-precipitator-market-101339

The report offers a comprehensive overview of the electrostatic precipitators market, primarily focusing on growth drivers, restraints, and trends and opportunities. It also maps the supply chain trends prevalent in the market along with significant players. The report also lists the major financial, and structural strategies adopted by players and recent developments that will help the business expand through major geographies. Besides this, the report presents the segments of the market based on various aspects such as end user, type, design, along with regional segmentation.

Increasing Emission of Carbon into Atmosphere to Promote Growth

An electrostatic precipitator or ESP is a device that helps to remove suspended dust particles from exhaust or gas. This is done with the help of a high-voltage electrostatic charge by accumulating the particles on charged plates. The most important factors promoting the electrostatic precipitator market growth are the increasing air pollution and the need to mitigate the rise in the emission of greenhouse gases and carbon into the atmosphere.

On the contrary, the rise in demand for alternative energy sources may act as a restraint to the market. Besides this, electrostatic precipitators have other dysfunctionalities. Firstly, the collector in the system cannot maintain its efficiency if the gas velocity exceeds its limitations set by the plant design. Secondly, with the rise in the velocity of the gas, the dust carried with the gas also increases. Such disadvantages may have a negative impact on the overall electrostatic precipitator market size in the forecast duration.

Asia Pacific to Emerge as Fastest Growing Market on Account of Mass Use of Coal-fired Power Plants for Generating Electricity

Geographically, the market is widespread in five major regions such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these, North America electrostatic precipitator market size is anticipated to be the highest on account of increase in the production of crude oil. The surge in manufacturing and exploration activities, coupled with the rapid installation of high-end ESP technology as they help to suspend particles from going to the air, is likely to help boost the market. The increasing popularity of ESP in developed nations of North America will help the regional market witness the highest electrostatic precipitator market revenue.

Asia Pacific market, on the other side, is considered on the top of the air pollution-contributing nations list because of the excess amount of carbon emission from various industries and coal power plants. Countries such as India and China use coal at a massive rate to produce steam for generating electricity where particulate matters and carbon flakes are released into the atmosphere, thus polluting the air. In order to control these harmful emissions, governments have started adopting advanced electrostatic precipitator technology. The rate of adoption is likely to increase in the coming years thus, making this region emerge as the fastest growing one.

Launch of New Precipitators with Advanced Technology to Intensify Market Competition

Various strategies are adopted by electrostatic precipitator market manufacturers in order to maintain a strong foothold in the competition. These strategies include mergers and acquisitions, company collaborations, new precipitator system launches, contracts, and others. Some of the recent innovations in the electrostatic precipitator market include:

April 2019 – A Rs 137 Crore contract was secured by BHEL from NTPC in April for renovation and modernization (R & M) of electrostatic precipitator in Ramagundam super thermal power station, Telangana, India. This contract mainly consists of the R & M of electrostatic precipitator systems of three units with a capacity of 200 MW.

July 2019 – Bionomic Industries, the leading producer of heat recovery technology, and air pollution abatement, announced the launch of the new Electrostatic precipitator system in July called High Energy Ionizer wet electrostatic precipitator. They are capable of arresting the minute particles present in the air by discharging a unique electrode technology.

Some of the significant players operating in the electrostatic precipitators market include:

• Mitsubishi Hitachi Power Systems, Ltd.
• Hamon Corporation
• BHEL
• Lonjing Environment Technology
• Enviropol Engineers Pvt.Ltd.
• Babcock & Wilcox
• Trion IAQ / Envirco
• Environment Technology
• IONFILTRA
• Amec Foster Wheeler

Rahul Gdave Fortune Business Insight Writer