Electrostatic Precipitator Market share to reach $8bn by 2024

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Electrostatic Precipitator Market share to reach
8bn by 2024 Global Market Insights Inc.
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Industry Overview

• Electrostatic Precipitator Market size will
  exceed USD 8 billion by 2024 driven by huge
  potential in power plants for reducing SO3
  emissions.
• The global aim to control pollutant emissions
  occurring due to the rapid industrialization will
  tend to electrostatic precipitator market gaining
  considerable traction in the years to come.
  Leading providers of electrostatic precipitators
  are constantly attempting to improvise on the
  product offering to combat the rising carbon
  footprints in the atmosphere. For instance,
  recently GE Power India received a contract worth
  more than USD 2.37 billion from GE Power AG, to
  supply electrostatic precipitator components and
  CFB boiler of capacity 150 MW. Strict government
  directives imposed on industries to control the
  pollutant emission levels will act as a major
  driver for global electrostatic precipitator
  industry.
• High consumer spending capacity in the emerging
  economies is likely to boost the growth of the
  construction and infrastructural sector in the
  region, which in turn will fuel electrostatic
  precipitator market. The high demand for
  uninterrupted power supply has led to the
  implementation of myriad power projects. However,
  the growing awareness regarding the harmful
  inhalation of Sulphur trioxide and other
  pollutants has also prompted power companies to
  look out for measures to control these emissions,
  which will drive electrostatic precipitator
  industry trends.

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• Developing economies such as India and China are
  powerhouses for the growth of the construction
  and industrial sectors. This in itself is a
  strong driver for APAC electrostatic precipitator
  industry. Speaking of APAC, China held 3 of the
  regional share in 2015 and is anticipated to grow
  significantly over the period of 2016-2024,
  primarily driven by the rising implementation of
  coal fired power plant projects. To fulfill the
  demand for power supply, China plans to increase
  its electricity manufacturing capacity by 19
  over the coming five years, which will claim the
  establishment of more power plants. This in turn,
  will stimulate the demand for precipitators,
  thereby fueling China electrostatic precipitator
  market.
• Chile has begun to endorse mining activities for
  the development of the regional metal industry,
  which prompts the usage of electrostatic
  precipitators to absorb dust particles and metal
  shrapnel. Having held a value of over USD 30
  million in 2015, Chile electrostatic precipitator
  market is expected to grow steadily over
  2016-2024.
• With a contribution of more than 60 toward the
  regional share to boast of, U.S. electrostatic
  precipitator industry is projected to observe a
  reasonable growth over the years. The key factors
  that will account for this growth include the
  existence of strong market players in the region
  and the high demand for renovation projects.

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• Prime participants of electrostatic precipitator
  industry include Fujian Longking Co., Ltd.,
  Mitsubishi Heavy Industries Mechatronics Systems,
  Siemens AG, GEECO Enercon Pvt. Ltd, Total Air
  Pollution Control Pvt. Ltd., Blacke-Durr GmbH,
  Trion Inc., Babcock Wilcox Enterprises, Ducon
  Technologies Inc., Clean Tunnel Air International
  AS, Thermax Ltd., and Hamon Corporation. These
  companies aim to efficiently control the rising
  pollution levels by improving the product
  standards.
• The ever-rising requirement for petroleum
  products such as LPG, asphalt, and diesel will
  push electrostatic precipitator market from
  chemical petrochemical applications, which
  contributed to 20 of the overall share in 2015.
• With the governments across the globe working in
  tandem to eliminate harmful pollutant emissions,
  global electrostatic industry is bound to witness
  an upsurge. Constant efforts by market players to
  introduce efficient ESPs will also change the
  market dynamics over the coming seven years.

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

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