Electrostatic Precipitator Market Analysis

Global Electrostatic Precipitator Market Overview:

Electrostatic Precipitator Market Size was valued at USD 7.49 billion in 2023. The Electrostatic Precipitator market industry is projected to grow from USD 7.79 Billion in 2024 to USD 10.25 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.49% during the forecast period (2024 - 2032). Increased awareness of air quality management and rapid industrialization in both developing & developed economies are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electrostatic Precipitator Market Trends

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  Increase in Regulation against Air Pollutionis driving the market growth

  
  

Due to the implementation of an act by the Environment Protection Agency (EPA) to maintain clean air quality, all industries are mandated to install electrostatic precipitators. Due to rapid industrialization, there is a significant increase in air pollution in urban areas. There is an increasing need to control air pollution due to several health-related issues that are caused due to bad air. The emission of harmful gasses from industries needs to be controlled due to which the demand for electrostatic precipitators will increase. This factor increases the market CAGR in the forecast period.

Additionally, the rapid rate of industrialization in both developed and emerging economies and the growing degree of awareness regarding the need to preserve high air quality is estimated to propel the electrostatic precipitator (ESP) market—the worsening air quality results from increased toxic emissions from industrial industries, power plants, and automobiles. The electrostatic precipitator (ESP) market is driven by this trend as more such solutions and products are used.

Additionally, the electrostatic precipitator (ESP) market is likely to see significant demand due to growing awareness about the detrimental impacts of poor air quality on the respiratory health of humans. The market is also expected to grow Electrostatic Precipitator market revenue due to the rising demand for electrical energy, which forces the major players in the power sector to optimize their energy-producing capabilities.         

Electrostatic Precipitator Market Segment Insights:

Electrostatic Precipitator Type Insights

The Electrostatic Precipitator market segmentation, based on type, includes Dry, Wet. The dry segment dominated the market to its ability to withstand high temperatures and high particulate volumes, cost-effectiveness, and low electricity consumption.

Figure1: Electrostatic Precipitator Market, byType, 2022&2032(USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electrostatic Precipitator Component Insights

Based on components, the Electrostatic Precipitator market segmentation includes Hardware, Software, and Services. The hardware offering market accounts for the largest share of the electrostatic precipitator market. The high requirement for hardware parts in several types of electrostatic precipitators has contributed to the leading position of the hardware segment in market size. Hardware components, such as discharge electrodes, high voltage electrical systems, collection electrodes, hoppers, rappers, and shells, are the building blocks of electrostatic precipitators and are elemental for their proper functioning.

August 2022: Pune-based startup Pi Green is creating technology-driven solutions for reducing particulate matter emitted by diesel gensets.

June 2022:Lesdi partnered with leading international technology company Fuel Tech and unpacked dual flue gas conditioning technology to improve electrostatic precipitator performance and presented several case studies of innovative Air Pollution Control (APC).

Electrostatic Precipitator End-User Insights

Based on end-user, the Electrostatic Precipitator market segmentation includes Power, Metals, Cement, and Chemicals. The power industry accounts for the largest share of the electrostatic precipitator market. Electrostatic precipitators are used by Power generation companies worldwide due to offered benefits in terms of better performance, improved particulate collection efficiency, and ability to handle large quantities of fly ash effectively. Implementing these systems in thermal power plants and petroleum refineries has filliped due to the enforcement of strict environmental laws and stringent emission standards, awarding the Power industry the top spot in terms of market size.

Electrostatic Precipitator Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Electrostatic Precipitator Market area will dominate this market; increasing air pollution due to particulate emission, rapid industrialization, and several thermal power plants and cement, steel, and chemical manufacturers in the Region have increased demand for electrostatic precipitators in this Region.Moreover, China’s Electrostatic Precipitator market held the largest market share, and the Indian Electrostatic Precipitator market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Electrostatic Precipitator Market Share By Region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Electrostatic Precipitator market accounts for the second-largest market share due to the increasing awareness of air quality management. Further, the German Electrostatic Precipitator market held the largest market share, and the UK Electrostatic Precipitator market was the fastest-growing market in the European Region.

North Americais expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income.

Electrostatic Precipitator Products Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Electrostatic Precipitator market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The electrostatic precipitator products industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Electrostatic Precipitator industry to benefit clients and increase the market sector. The Electrostatic Precipitator industry has offered some of the most significant advantages in recent years. Major players in the Electrostatic Precipitator market, including Siemens AG (Germany), General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Babcock & Wilcox (US), AMEC Foster Wheeler (UK), Thermax (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US)., and others, are attempting to increase market demand by investing in research and development operations.

Babcock & Wilcox is an active American energy technology and service provider with operations in many international markets across the globe, with its headquarters in Akron, Ohio, USA. Historically, the company is best known for its steam boilers.Babcock & Wilcox (US) acquired Universal Acoustic & Emission Technologies, a US-based acoustic and filtration solution provider, enabling the company to strengthen its environmental solution offering. Babcock & Wilcox has positioned itself to continue diversifying and expanding its product portfolio, thereby expanding its reach.

General Electric Company is an American multinational conglomerate founded in 1892, incorporated in New York State, and headquartered in Boston. The company operates in aviation, Power, renewable energy, digital industry, additive manufacturing, and venture capital and finance., General Electric (US), along with its subsidiary Alstom Power Systems (France), received the contract as the lead EPC (engineering, procurement, and construction) to construct a coal power plant in Ostroleka C, Poland, involving delivery of electrostatic precipitator. Similarly, in November 2017, the company delivered an electrostatic precipitator to replace an old air filtration system at a copper mine in Australia. Moreover, the company has adopted inorganic growth strategies to strengthen its position in the electrostatic precipitator market.

Key Companies in the electrostatic precipitator market include

• Siemens AG (Germany)


• General Electric (US)


• Mitsubishi Hitachi Power (Japan)


• Babcock & Wilcox (US)


• AMEC Foster Wheeler (UK)


• Thermax (India)


• Ducon Technologies (US)


• Fujian Longking (China)


• Hamon Group (Belgium)

Electrostatic precipitator Industry Developments

June 2018: Mitsubishi Hitachi Power Systems (Japan) received a contract to upgrade the environmental system at Boryeong Power Station, managed by Korea Midland Power Co., Ltd., South Korea. Similarly, in August 2017, the company received an order to supply an electrostatic precipitator, gas turbine, and power generator to a power plant owned by Anshan Iron and Steel Group, a Chinese steel manufacturer.

January 2017: Babcock & Wilcox (US) acquired Universal Acoustic & Emission Technologies, a US-based acoustic and filtration solution provider, enabling the company to strengthen its environmental solution offering. Babcock & Wilcox has positioned itself to continue diversifying and expanding its product portfolio, thereby expanding its reach.

March 2024

The 1320 MW Talcher Thermal Power Project (TTPP) is now under built according to plan, and the first unit is expected to be commissioned by November 2026, according to TTPP executive director Goutam Deb.

Thanks to the installation of a highly effective electrostatic precipitator, the plant will produce far less carbon dioxide than competing facilities. Deb elaborated that there would be little sulfur dioxide emissions and that the ash slurry will be sent to the empty coal mine at Talcher for disposal.

Speaking to reporters on Saturday, the ED said that the project's first unit would be operational in November 2026 and the second in May 2027. He said that the power project will cost a total of Rs 11,843 crore, with 30% coming from equity and 70% from loans.

The National Thermal Power Corporation's (NTPC) power project calls for the construction of two 660 MW ultra super critical units.

According to the ED, this power facility is among the most cutting-edge power plants in the world, posing very little risk of contamination. Important fronts, such as the boiler, chimney, and DM Plant, are now undergoing renovation.

According to the ED, half of the electricity produced by this facility would go to Odisha, while the other states of Assam, Gujarat, and Tamil Nadu will each get more than 11%. "Consumers will get 15% of the unallocated electricity with TTPP, per directive from the central government. In addition, he said that the project's electricity costs per unit would be around Rs 3.76.

The power station is set to take around 5.5 million metric tons of coal per year from Talcher Coalfields, according to the water and coal connection. The water for the project will come from the neighboring Brahmani river. Attendees at the news conference included senior TTPP general managers.

Electrostatic Precipitator Market Segmentation:

Electrostatic precipitator Type Outlook

• Dry


• Wet

Electrostatic precipitator Component Outlook

• Hardware and Software


• Services

Electrostatic precipitator End-User Outlook

• Power


• Metals


• Cement


• Chemicals

Electrostatic precipitator Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America