Enjoy complimentary customisation on priority with our Enterprise License!
The electrostatic precipitator system market is projected to grow by USD 390.04 million with a CAGR of 1.77% during the forecast period 2021 to 2026.
This electrostatic precipitator system market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the electrostatic precipitator system market segmentation by type (wet EPS and dry EPS) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The electrostatic precipitator system market report also offers information on several market vendors, including Babcock & Wilcox Enterprises Inc., Beltran Technologies Inc., Clean Tunnel Air International AS, Ducon, Durr AG, Envitech Inc., FLSmidth AS, GEECO Enercon Pvt. Ltd., General Electric Co., Hamon S.A., John Wood Group PLC, Johnson Controls International Plc, KC Cottrell Co. Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., and Thermax Ltd. among others.
Download Report Sample to Unlock the Electrostatic Precipitator System Market Size for the Forecast Period and Other Important Statistics
Their use in the removal of pollutants is notably driving the electrostatic precipitator system market growth, although factors such as high capital cost and inflexibility in operation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the electrostatic precipitator system market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Electrostatic Precipitator System Market Driver
Their use in the removal of pollutants is one of the key drivers supporting the electrostatic precipitator (ESP) system market growth. Dry ESPs generally operate above the dew point of the gas stream to remove impurities from smoke and dust. ESP systems are used by end-user industries, such as chemical and constriction, for the removal of particulate matter from polluted air. ESP systems ionize the air by applying high voltage to the electrodes, wherein dust particles get charged by the ionized air and then are collected on the oppositely charged collecting plates. Since ESP systems actively remove dust and smoke from the gas, these systems work well for a wide variety of biomass types, including wood and feces, and low-quality coal, which produces a lot of smoke. Thus, their widespread use in the removal of pollutants will drive the electrostatic precipitator (ESP) system market growth during the forecast period.
Key Electrostatic Precipitator System Market Trend
Stringent regulations to control increasing air pollution levels are one of the key electrostatic precipitator (ESP) system market trends contributing to market growth. Governments across the world are making the necessary efforts for the mitigation of air pollution. For instance, the Government of India has taken a number of regulatory measures for the prevention, control, and abatement of air pollution in the country. The Government of India launched the National Clean Air Programme (NCAP) in 2019 under the Central Sector Control of Pollution Scheme to tackle the problem of air pollution problem across the country with the aim of achieving a 20%-30% reduction in the levels of particulate matter 10 (PM10) and particulate matter 2.5 (PM2.5) by 2024, keeping 2017 as the base year. The new WHO Global Air Quality Guidelines (AQGs) laid down in 2021 provide clear evidence of the negative impact of air pollution on human health. Such guidelines will propel the electrostatic precipitator (ESP) system market growth during the forecast period.
Key Electrostatic Precipitator System Market Challenge
High capital cost and inflexibility in operation are some of the factors challenging the electrostatic precipitator (ESP) system market growth. High initial capital investment is required to buy ESP systems, which makes it difficult for small-scale industries to purchase them. These precipitators are made from high-alloy stainless steel, which is typically costly. Hence, their purchase and installation are expensive. In addition, ESP systems do not offer flexibility in operation. This is because once they are installed, it is difficult to change the capacity of the ESP system or move it to a different location. Therefore, proper planning needs to be done regarding the capacity, type, and location before installing these systems. Therefore, these factors are expected to hinder the growth of the global ESP system market during the forecast period.
This electrostatic precipitator system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global electrostatic precipitator (ESP) system market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electrostatic precipitator system market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the electrostatic precipitator system market encompasses successful business strategies deployed by the key vendors. The electrostatic precipitator system market is fragmented, and the vendors are deploying growth strategies, such as offering ESP systems at competitive prices to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The electrostatic precipitator system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the electrostatic precipitator system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global electrical equipment market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.