Global Electrostatic Precipitator Market size to exceed $8bn by 2024 - PowerPoint PPT Presentation

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Global Electrostatic Precipitator Market size to exceed $8bn by 2024

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Increasing concerns to reduce SO3 concentration emitted by coal fired power plants will stimulate the electrostatic precipitator market growth. Growing energy demand subject to increasing investment in residential, construction and infrastructure sector by developing countries such as, India and China may further complement the industry outlook. Increasing adoption of fabric filters as they offer high collection efficiency may hinder industry growth over forecast period. – PowerPoint PPT presentation

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Title: Global Electrostatic Precipitator Market size to exceed $8bn by 2024


1
Electrostatic Precipitator Market size forecast
to grow over 5 from 2016 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Electrostatic Precipitator
Market
  • U.S. electrostatic precipitator market size is
    expected to exceed USD 1 billion by 2024. Rising
    demand for infrastructure renovation will foster
    the industry.
  • China contributed over 3 of regional
    electrostatic precipitator market share in 2015
    and is expected to witness steady growth in
    future owing to increasing installation of coal
    fired power plants. Presence of large number of
    manufacturing industries will further complement
    regional demand.
  • Wet electrostatic precipitator market was valued
    over USD 500 million in 2015 and is expected to
    witness a substantial growth over forecast period
    owing to its potential to capture submicron
    particle with more than 90 efficiency over dry
    electrostatic precipitator. It has wide
    application in sulfuric acid manufacturing,
    paper, cement and textile industry.
  • Renovation of existing manufacturing industry
    will stimulate the Europe electrostatic
    precipitator market size growth during the
    forecast period. Germany was valued over USD 240
    million in 2015 and is expected to grow over 5.

3
Continued...
  • Cement industry was worth 13 of global revenue
    share in 2015 and is expected to witness gain at
    over 4 from 2016 to 2024. Increasing spending on
    infrastructure development will favor business
    growth.
  • Industry participants focus on providing advanced
    solutions to improve conventional systems
    efficiency and reduce energy costs is anticipated
    to drive the South Korea electrostatic
    precipitator market share in future.
  • Electrostatic precipitators market deployed at
    metal industry should see revenue in excess of
    USD 1 billion in 2024. Rapid industrialization
    and urbanization coupled with growing demand for
    steel may positively encourage the metal
    industry.
  • Major participants in the industry are GEECO
    Enercon Ltd, Siemens AG, Ducon Technologies Inc.,
    Fujian Longking Co. Ltd., Total Air Pollution
    Control, Thermax Ltd. (India), Hamon Corporation
    (U.S.), Babcock Wilcox Enterprises, Clean
    Tunnel Air International AS, Mitsubishi Hitachi
    Power System and Trion Inc.

4
U.S. Electrostatic Precipitators (ESP) Market
Size, by application 2013-2024 (USD Million)

5

Browse Full Market Research Report On
Electrostatic Precipitator Market_at_
https//goo.gl/L2PULR Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/798
6
360 Analysis
  • Product Trends
  • Dry electronic precipitator market share was
    valued at USD 4 billion in 2015 and is expected
    to witness a growth over 5. It offers 99.9
    collection efficiency with low maintenance and
    operating cost. It is used to collect dry pollute
    particle.
  • Wet ESP market could witness moderate growth from
    2016 to 2024. It is designed to operate in
    saturated gas condition and used to collect
    sticky, wet, explosive, flammable as well as high
    resistive particle.
  • Regional Trends
  • Rapid industrialization with increasing
    construction spending is likely to favor the
    overall industry growth. India electrostatic
    precipitators market size is anticipated to
    exceed USD 800 million by 2024.
  • With respect to Europe electrostatic precipitator
    market size, UK will grow at handsome rate of
    over 6 from 2016 to 2024. Large industrial power
    projects coupled with government norms toward air
    pollution may boost the business in future.
  • Competitive Market Share
  • Major participants of the electrostatic
    precipitator industry are GEECO Enercon Pvt. Ltd,
    Babcock Wilcox Enterprises, Siemens AG, Clean
    Tunnel Air International AS, Ducon Technologies
    Inc., Mitsubishi Heavy Industries Mechatronics
    Systems, Fujian Longking Co., Ltd., Blacke-Durr
    GmbH, Total Air Pollution Control Pty. Ltd.,
    Trion Inc., Mitsubishi Heavy Industries
    Mechatronics Systems, Hamon Corporation (U.S.),
    Thermax Ltd. (India).


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