Electrostatic Precipitator System Market by Type and Geography - Forecast and Analysis 2022-2026

The electrostatic precipitator system market is projected to grow by USD 390.04 million with a CAGR of 1.77% during the forecast period 2021 to 2026.

This electrostatic precipitator system market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the electrostatic precipitator system market segmentation by type (wet EPS and dry EPS) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The electrostatic precipitator system market report also offers information on several market vendors, including Babcock & Wilcox Enterprises Inc., Beltran Technologies Inc., Clean Tunnel Air International AS, Ducon, Durr AG, Envitech Inc., FLSmidth AS, GEECO Enercon Pvt. Ltd., General Electric Co., Hamon S.A., John Wood Group PLC, Johnson Controls International Plc, KC Cottrell Co. Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., and Thermax Ltd. among others.

What will the Electrostatic Precipitator System Market Size be During the Forecast Period?

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Electrostatic Precipitator System Market: Key Drivers, Trends, and Challenges

Their use in the removal of pollutants is notably driving the electrostatic precipitator system market growth, although factors such as high capital cost and inflexibility in operation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the electrostatic precipitator system market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electrostatic Precipitator System Market Driver

 

Their use in the removal of pollutants is one of the key drivers supporting the electrostatic precipitator (ESP) system market growth. Dry ESPs generally operate above the dew point of the gas stream to remove impurities from smoke and dust. ESP systems are used by end-user industries, such as chemical and constriction, for the removal of particulate matter from polluted air. ESP systems ionize the air by applying high voltage to the electrodes, wherein dust particles get charged by the ionized air and then are collected on the oppositely charged collecting plates. Since ESP systems actively remove dust and smoke from the gas, these systems work well for a wide variety of biomass types, including wood and feces, and low-quality coal, which produces a lot of smoke. Thus, their widespread use in the removal of pollutants will drive the electrostatic precipitator (ESP) system market growth during the forecast period.

Key Electrostatic Precipitator System Market Trend

Stringent regulations to control increasing air pollution levels are one of the key electrostatic precipitator (ESP) system market trends contributing to market growth. Governments across the world are making the necessary efforts for the mitigation of air pollution. For instance, the Government of India has taken a number of regulatory measures for the prevention, control, and abatement of air pollution in the country. The Government of India launched the National Clean Air Programme (NCAP) in 2019 under the Central Sector Control of Pollution Scheme to tackle the problem of air pollution problem across the country with the aim of achieving a 20%-30% reduction in the levels of particulate matter 10 (PM10) and particulate matter 2.5 (PM2.5) by 2024, keeping 2017 as the base year. The new WHO Global Air Quality Guidelines (AQGs) laid down in 2021 provide clear evidence of the negative impact of air pollution on human health. Such guidelines will propel the electrostatic precipitator (ESP) system market growth during the forecast period.

Key Electrostatic Precipitator System Market Challenge

High capital cost and inflexibility in operation are some of the factors challenging the electrostatic precipitator (ESP)  system market growth. High initial capital investment is required to buy ESP systems, which makes it difficult for small-scale industries to purchase them. These precipitators are made from high-alloy stainless steel, which is typically costly. Hence, their purchase and installation are expensive. In addition, ESP systems do not offer flexibility in operation. This is because once they are installed, it is difficult to change the capacity of the ESP system or move it to a different location. Therefore, proper planning needs to be done regarding the capacity, type, and location before installing these systems. Therefore, these factors are expected to hinder the growth of the global ESP system market during the forecast period.

This electrostatic precipitator system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electrostatic precipitator (ESP) system market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electrostatic precipitator system market during the forecast period.

Who are the Major Electrostatic Precipitator System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Babcock & Wilcox Enterprises Inc.
• Beltran Technologies Inc.
• Clean Tunnel Air International AS
• Ducon
• Durr AG
• Envitech Inc.
• FLSmidth AS
• GEECO Enercon Pvt. Ltd.
• General Electric Co.
• Hamon S.A.
• John Wood Group PLC
• Johnson Controls International Plc
• KC Cottrell Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Siemens AG
• Sumitomo Heavy Industries Ltd.
• Thermax Ltd.

 

This statistical study of the electrostatic precipitator system market encompasses successful business strategies deployed by the key vendors. The electrostatic precipitator system market is fragmented, and the vendors are deploying growth strategies, such as offering ESP systems at competitive prices to compete in the market.

Product Insights and News

• Babcock.com - The company offers electrostatic precipitator systems for the power generation, waste-to-energy, cement, chemical, oil and gas, pulp and paper, metals, and other industries.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The electrostatic precipitator system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electrostatic Precipitator System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electrostatic precipitator system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global electrical equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Electrostatic Precipitator System Market?

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57% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the electrostatic precipitator system market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Their use in the removal of pollutants will facilitate the electrostatic precipitator system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 slowed down the growth of the regional market. However, in H2 2020, due to the availability of vaccines, the number of COVID-19 cases in the region declined, and restrictions were lifted. Due to the reopening of factories and the availability of workers, supply chain challenges in the market decreased owing to the lifting of lockdown restrictions in Q4 2020. This, in turn, will drive the regional ESP system market during the forecast period.

What are the Revenue-generating Type Segments in the Electrostatic Precipitator System Market?

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The electrostatic precipitator system market share growth in the wet EPS segment will be significant during the forecast period. Wet ESP systems are used for wet gas streams. These electrostatic precipitator systems are also good for smaller particles that cannot be captured by dry precipitators. As they come into contact with water and corrosive gases, they must be designed from highly expensive corrosive-resistant materials. Particulate matter that is captured using wet ESP systems is in the form of a slurry and not a dry solid, which means that they are unsuitable for recycled materials. Owing to these applications and benefits, the demand for wet ESP systems is expected to increase, which is thereby anticipated to drive the ESP system market's growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electrostatic precipitator system market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Electrostatic Precipitator System Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 1.77%
Market growth 2022-2026	$390.04 million
Market structure	Fragmented
YoY growth (%)	1.42
Regional analysis	APAC, North America, Europe, the Middle East and Africa, and South America
Performing market contribution	APAC at 57%
Key consumer countries	US, China, India, Japan, and Russia
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Babcock & Wilcox Enterprises Inc., Beltran Technologies Inc., Clean Tunnel Air International AS, Ducon, Durr AG, Envitech Inc., FLSmidth AS, GEECO Enercon Pvt. Ltd., General Electric Co., Hamon S.A., John Wood Group PLC, Johnson Controls International Plc, KC Cottrell Co. Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., and Thermax Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electrostatic Precipitator System Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electrostatic precipitator system market growth during the next five years
• Precise estimation of the electrostatic precipitator system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electrostatic precipitator system industry across APAC, North America, Europe, the Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electrostatic precipitator system market vendors

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