Electrostatic Precipitator Market size to exceed revenue of $8bn by 2024

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Electrostatic Precipitator Market size to exceed
$8bn by 2024: Global Market Insights Inc.
Electrostatic Precipitator Market size will exceed USD 8 billion by 2024, as per the
latest report from Global Market Insights, Inc.
Government measures toward air pollution with growing concern relate d to carbon
emission will drive global electrostatic precipitator market size. In the U.S., various
standards towards emission including new source performance standard, under
clean air act has been imposed on manufacturing industries to regulate industrial
emission. Strict regulations against emissions has spurred the demand for new and
improved electrostatic precipitator systems over existing systems.
Increasing concerns to reduce SO3 concentration emitted by coal fired power plan ts
will stimulate the electrostatic precipitator market growth. Growing energy demand
subject to increasing investment in residential, construction and infrastructure sector
by developing countries such as, India and China may further complement the
industry outlook. Increasing adoption of fabric filters as they offer high collection
efficiency may hinder industry growth over forecast period.
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Browse key industry insights spread across 119 pages with 238 market data tables &
10 figures & charts from the report, “Electrostatic Precipitator Market Size By
Product (Dry, Wet), By Application (Power Plants, Chemicals And
Petrochemicals, Cement, Metal, Manufacturing), Industry Analysis Report,
Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Spain, Italy,
Netherlands, Russia, Ukraine, Belarus, China, India, Japan, South Korea,
Indonesia, Australia, Saudi Arabia, UAE, South Africa, Nigeria, Angola, Brazil,
Argentina, Venezuela, Chile, Peru), Price Trends, Growth Potential,
Competitive Market Share & Fore cast, 2016 2024” in detail along with the table
of contents:
U.S. electrostatic precipitator market size is expected to exceed USD 1 billion
by 2024. Rising demand for infrastructure renovation will foster the industry.
China contributed over 3% of regional electrostatic precipitator market share
in 2015 and is expected to witness steady growth in future owing to increasing
installation of coal fired power plants. Presence of large number of
manufacturing industries will further complement regional demand.
Wet electrostatic precipitator market was valued over USD 500 million in 2015
and is expected to witness a substantial growth over forecast period owing to
its potential to capture submicron particle with more than 90% efficiency over
dry electrostatic precipitator. It has wide application in sulfuric acid
manufacturing, paper, cement and textile industry.
Renovation of existing manufacturing industry will stimulate the Europe
electrostatic precipitator market size growth during the forecast period.
Germany was valued over USD 240 million in 2015 and is expected to grow
over 5%.
Cement industry was worth 13% of global revenue share in 2015 and is
expected to witness gain at over 4% from 2016 to 2024. Increasing spending
on infrastructure development will favor business growth.
Industry participants focus on providing advanced solutions to improve
conventional systems efficiency and reduce energy costs is anticipated to
drive the South Korea electrostatic precipitator market share in future.
Key Insights of Electrostatic Precipitator Market:
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Electrostatic precipitators market deployed at metal industry should see
revenue in excess of USD 1 billion in 2024. Rapid industrialization and
urbanization coupled with growing demand for steel may positively encourage
the metal industry.
Major participants in the industry are GEECO Enercon Ltd, Siemens AG,
Ducon Technologies Inc., Fujian Longking Co. Ltd., Total Air Pollution Control,
Thermax Ltd. (India), Hamon Corporation (U.S.), Babcock & W ilcox
Enterprises, Clean Tunnel Air International AS, Mitsubishi Hitachi Power
System and Trion Inc.
Electrostatic precipitator market research report includes in-depth coverage of the
industry with estimates & forecast in terms of revenue in USD million from 2013 to
2024, for the following segments:
Global Electrostatic Precipitator Market by Product
Global Electrostatic Precipitator Market by Application
Power Plants
Chemicals and Petrochemicals Industry
Cement Industry
Metal Industry
Manufacturing industry
The above information is provided on a regional and country basis for the
North America
o U.S.
o Canada
o Mexico
o Germany
o UK
o France
Segmentation of Electrostatic Precipitator Market: