Electrostatic Precipitator Market Insights 2024-2033: Key Drivers and Research Report

Global electrostatic precipitator market size is expected to reach $9.26 billion by 2028 at a rate of 5.8%, segmented as by offering, hardware and software, services

Sep 4, 2024 - 14:00

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Electrostatic Precipitator Market Insights 2024-2033: Key Drivers and Research Report

The Electrostatic Precipitator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Electrostatic Precipitator Global Market Report 2024, The electrostatic precipitator market size is expected to see strong growth in the next few years. It will grow to $9.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to natural gas infrastructure development, expansion of refineries and petrochemicals, rising demand for electricity, rising health concerns, demand for pollution control equipment. Major trends in the forecast period include demand from food processing industry, technological innovations, rise in industrialization, expansion of power generation capacity, integration with IoT and AI.

Growing in the industrialization and construction sectors is expected to propel the growth of the electrostatic precipitator market going forward. The industrialization sector encompasses activities involved in the manufacturing and production of goods on a large scale, often utilizing mechanized processes. The construction sector involves the planning, development, and building of physical structures such as residential, commercial, and infrastructure projects. The demand for industrialization is increasing due to global economic growth, technological advancements driving automation, and increasing consumer demand for manufactured goods. As industrial and construction activities expand, so does the need for effective environmental management, making electrostatic precipitators crucial for mitigating pollutants and ensuring compliance with regulatory standards. For instance, in February 2022, according to the report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the construction sector saw an annual increase of 12.7% in 2021 compared to the previous year (2020). In December 2021, monthly construction output rose by 2.0%, primarily driven by an increase in new work. Therefore, growing in the industrialization and construction sectors is expected to propel the growth of the electrostatic precipitator market going forward.

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The electrostatic precipitator market covered in this report is segmented –

1) By Offering: Hardware And Software, Services

2) By Design: Plate, Tubular

3) By End User: Power Generation, Chemicals And Petrochemicals, Cement, Metal Processing And Mining, Manufacturing, Marine, Other End Users

Major companies operating in the electrostatic precipitator market are focusing on developing new advanced technologies in the marine industry to offer compact and efficient emission control systems. The marine industry refers to the various sectors and activities involved in the use of the oceans, seas, and waterways for commercial and recreational purposes. For instance, in May 2022, Valmet Oyj, a Finland-based manufacturer of process technologies, automation, and services, launched a new wet electrostatic precipitator for the marine industry to enhance emission control. The aim of Valmet's launch of a new wet electrostatic precipitator (WESP) for the marine industry is to enhance emission control and help vessels reduce harmful particulate matter emissions from their exhaust gases. This solution enables shipping companies to lower their particle matter and black carbon emission levels, tackle global warming, and comply with tightening regulations.

The electrostatic precipitator market report table of contents includes