Electrostatic Precipitator Market Size, Share & Trends Analysis Report by Technology (Dry, Wet), By Application (Chemical, Metal, Power Generation, Manufacturing, Cement), And Segment Forecasts, 2018 - 2025

Industry Insights

The global electrostatic precipitator market size was valued at USD 11.56 billion in 2017. It is expected to expand at a CAGR of 3.3% by 2025 owing to growing air pollution. Population rise especially in urban areas coupled with rising health awareness will further fuel market expansion. Stringent regulations to curb increasing air pollution levels; along with growing health awareness is expected to enhance the adoption of such equipment. This factor is expected to favor growth during the forecast period. Efforts towards a pollution-free environment are rising every year. Growing health awareness in developed regions such as Europe and North America along with developing regions like Asia Pacific is projected to drive market growth in the forthcoming years.

The Environment Protection Agency (EPA) has set standards for improving and maintaining the quality of air in the Clean Air Act, 1970. The EPA also implements numerous programs to control pollution levels. Such programs, policies, and regulations are anticipated to continue driving the market for electrostatic precipitators in the U.S. over the next eight years. The industrialization era has significantly contributed to air pollution, especially in urban areas.

Unsupervised emission of chemical gases and fumes from construction, industrial, and automotive activities has rendered the air unfit to inhale. This factor is projected to bode well for overall market growth in the years to come. Regions such as North America and Asia Pacific are anticipated to register substantial demand in the near future owing to rising automation, rapid industrialization, and stringent government framework to curb pollution levels. Electrostatic precipitators play an important role in protecting human life and safeguarding it from illnesses caused by polluted air.

Technology Insights

A dry electrostatic precipitator is one of the fastest-growing technology segments and is expected to witness robust expansion over the forecast period. Dry-type was estimated to be USD 9.66 billion in 2017. Based on functionality, conventional wet-type electrostatic precipitators are used in critical industrial processes such as removal of sulfuric acid mist and droplets and others from gas streams.

Application Insights

In terms of applications, the electrostatic precipitator market has been classified into chemical, metal, power generation, cement, manufacturing, and others. The manufacturing segment, in terms of revenue, is predicted to expand at a CAGR of 4.9% over the forecast period.

Exponential growth in industrialization and construction sectors across the world is expected to contribute significantly to the growth of this segment in near future.

Regional Insights

Asia Pacific is estimated to lead the global market over the forecast period. The uptick in the economic performance of China, huge investments in research and development along with rising technological support are anticipated to propel this growth. China is undergoing massive changes in terms of economic disparity in urban and rural population, urbanization, and air pollution control.

However continual rise in air pollution and related health issues are anticipated to pose challenges to market growth in the country. The Europe market for electrostatic precipitators includes Germany, Russia, the U.K., Spain, Italy, and other Eastern and Central European countries. Europe was the second largest region, in terms of revenue, owing to the high demand for pollution control equipment from several major end-use applications.

Electrostatic Precipitator Market Share Insights

Numerous electrostatic precipitator manufacturers are focusing on developing mobile apps and other technologically advanced mechanisms to make pollution control units accessible for remote areas. This factor is anticipated to favor market growth over the forecast period. Various multinational companies dominate the market and have majorly marked their presence in North America and Europe. Pricing and several other strategic market initiatives largely depend on the top players.

Electrostatic precipitator manufacturers focus more on product developments to consolidate their market position. Companies are making significant investments in R&D and are technological and design innovations. This factor allows manufacturers to offer unique products and to have a competitive edge.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global electrostatic precipitator market report based on technology, application, and region:

• Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • Dry

  • Wet

• ApplicationOutlook (Revenue, USD Million, 2014 - 2025)

  • Chemical

  • Metal

  • Power Generation

  • Cement

  • Manufacturing

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • Russia

    • The U.K.

    • Spain

    • Italy

  • Asia Pacific

    • China

    • Japan

    • South Korea

    • India

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE

    • Saudi Arabia