Electrostatic Precipitator Market 2019-2025

Electrostatic Precipitator Market Size, Share & Trends Analysis Report, by Type (Dry and Wet Electrostatic Precipitator), by End - User (Power and Electricity, Metals, Cement, Chemicals, and Other Industries), and Forecast, 2019 - 2025.

The electrostatic precipitator is an air filtration device which works on electric energy for removing the impurities and dust particles from the exhaust gases. Electrostatic precipitator finds its application in various industry verticals such as power generation, power plants, chemical, metal, and cement. Growing health concerns and rising chronic respiratory diseases due to polluted air tends to drive the growth of the electrostatic precipitator market. Stringent government regulations to implement an air filtering device in the power plants to treat exhaust gases has surged the demand for electrostatic precipitators across the globe.

The global electrostatic precipitator market is segmented based on type and end - user. Based on the type, the market is segmented into dry and wet electrostatic precipitator. A dry electrostatic precipitator is expected to register significant market share over the forecast period owing to the capability to withstand at high temperature and high particulate volume. Based on end - user, the market is segmented into power generation, metals, cement and chemicals, and others. Power generation is expected to show considerable growth over the forecast period owing to stringent government regulations to filter out exhaust gases. Moreover, rising concern about health among population tends to increase the market share of the power generation segment.

Geographically, the market is further segmented on the basis of major regions that include North America, Europe, Asia - Pacific and Rest of the world (RoW). North America is expected to register significant growth over the forecast period owing to the presence of major players in the region. Stringent government regulations to improve the air quality in the region has led to the adoption of electrostatic precipitator across various industry verticals such as power generation, cement, metals along with many other industries. Additionally, the Europe government has launched the Clean Air program to improve air pollution in the region which will create enormous opportunities for electrostatic precipitator market.

Some of the major players in the field of the market include Babcock & Wilcox Enterprises, Inc., Siemens AG, Thermax Ltd., General Electric Co., Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd., along with many others. These companies are adopting several strategies, such as merger and acquisitions, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in June 2018, Mitsubishi Hitachi Power Systems, Ltd. along with its subsidiary Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd. has received an order to upgrade the Boryeong Power Station operated by Korea Midland Power Co., Ltd. (KOMIPO). The upgrade was aimed to revamp the electrostatic precipitator to enhance the particulate removal rate and was targeted to reduce the emission of sulfur oxide (SOx), nitrogen oxide (NOx) and particulates in line with the Korean Government's drive to curb air pollution caused by the nation's coal - fired power plants.

Research Methodology

The market study of the electrostatic precipitator market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research - papers, and news blogs.
• Company websites and their catalog.

The report is intended for power generation, cement, metal, and mining industry for overall market analysis and competitive analysis. The report provides in - depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360 - degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Electrostatic Precipitator Market Research and Analysis by Type
2. Global Electrostatic Precipitator Market Research and Analysis by End - User

The Report Covers

• Comprehensive research methodology of the electrostatic precipitator market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the electrostatic precipitator market.
• Insights about market determinants which are stimulating the electrostatic precipitator market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.