Electrostatic Precipitator Market share to reach $8bn by 2024 - PowerPoint PPT Presentation

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Electrostatic Precipitator Market share to reach $8bn by 2024

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More Information @ Power plant applications were valued at over USD 1 billion in 2015. Increasing electricity demand from developing counties will favor the business growth. It is one of the highest pollutant emitting industry where several measures have been adopted to control the emission. Chemical and petrochemical industry application contributed over 20% of global electrostatic precipitator market size in 2015. Growing demand for refined petroleum products such as diesel, lubricant, asphalt and LPG may further compliment the industry outlook. – PowerPoint PPT presentation

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Title: Electrostatic Precipitator Market share to reach $8bn by 2024


1
Electrostatic Precipitator Market share to reach
8bn by 2024 Global Market Insights Inc.
2
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.

3
  • 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.

4
  • 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.

5
U.S. Electrostatic Precipitators (ESP) Market
Size, by application 2013-2024 (USD Million)

6

Browse Full Market Research Report Of
Electrostatic Precipitators Market _at_
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request-sample/detail/798
7
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