About Electrostatic Precipitator Systems
An electrostatic precipitator (ESP) is a filtration device that removes fine dust and smoke particles from gas stream. This electrostatic precipitator (ESP) devices use the force which is induced by electrostatic charge. Electrostatic precipitator (ESP) uses electrical energy to charge dust and smoke particles. The electrically charged dust or smoke particles are accumulated on the electrode by an electrical field. This participator are designed for air pollution control as it mainly removes particles from waste gases. It is mainly used at petrochemical industrial facilities and power-generating stations. This electrostatic participator require to control particulate size and to control particulate matter emissions. Hence it has huge demand at cement plants, fossil fuel-fired boilers, steel mills, municipal waste incinerators, petroleum refineries, pulp and paper mills, hazardous waste incinerators, metal smelters. Low operating cost, ability to collects dry and wet impurities, and control over very small size particulates are responsible for increasing demand for Electrostatic precipitator (ESP). Further, increasing industrial activities and strengthen government norms and regulations providing more opportunity for market growth. Geographically, Asia-pacific is expected to dominate the market with highest growth rate. Increasing industrialisations across emerging counties like china and India, rigorous government norms due to declined air quality impacting on the demand in positive manner. According to the World Air Quality Index project 2020, China and India are ranked top 5 with an Air Quality Index (AQI) of 168 and 185 respectively which are considered in lowest air quality in world. Thus, the demand for Electrostatic precipitator (ESP) in Asia-Pacific region is continue to rise followed by North America and Europe.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are operating in the market and market is highly dominated with the presence of large number of market players. This market players are operating through their national and international locations. Increased demand due to government measures regarding air borne particulate size is impacting on the market in positive manner. Hence to grab the opportunity associated with the market, many new market players are entering to the market. Product portfolio expansion, innovative product launch and Mergers & Acquisitions (M&A) are the prominent strategies adopted by key market players to consolidate their positions in the market. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GENERAL ELECTRIC (United State), Anguil Environmental Systems, Inc. (United State), Durr Systems, Inc. (United State), CR Clean Air Group. (United State), Intellishare Environmental Inc. (United State), Kono Kogs, Inc (United State), Thermax Limited. (India), Isgec Heavy Engineering Ltd. (India), GEA Group Aktiengesellschaft (Germany), Fujian Longking Co., Ltd. (China), Elex AG (Switzerland), Kelin Environmental Protection Equipment Co., Ltd. (China) and Bharat Heavy Electricals Limited(India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zhejiang Feida Environmental Science & Technology Co., Ltd. (China) and Total Air Pollution Control Pty Ltd.(Australia).
Segmentation Overview
AMA Research has segmented the market of Global Electrostatic Precipitator Systems market by Type (Dry ESP, Wet ESP, Wire-Plate ESP and Wire-Pipe ESP), Application (Chemicals and Petrochemicals, Metal Processing & Mining, Power Generation, Cement, Marine and Others) and Region.
On the basis of geography, the market of Electrostatic Precipitator Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Plate will boost the Electrostatic Precipitator Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness Regarding Environmental Concerns
Market Growth Drivers:
Rigorous Government Regulations for Coal-Fired and Gas-Based Power Plants to Limits Their Air Borne Particulates Size and Co2 Emission Demanding For Electrostatic Precipitator (ESP) System, Rising Electricity Demand and Industrial Operations and Augmenting Demand for Electrostatic Precipitator (ESP) System at Petrochemical and Cement Manufacturing Plants
Challenges:
Increasing Popularity of Substitutes like Fabric Filters and Decreasing Number of Coal Fired Power Plants across Globe
Restraints:
Acceptance of Renewable Energy Sources for Power Plants Is Impacting Coal Fired Power Generation Which May Hamper the Demand for Electrostatic Precipitator (ESP) System
Opportunities:
Growing Government Measures to Control Particulate Size Due to Raised Health Issues Associated With Air Borne Particles
Market Leaders and their expansionary development strategies
In December 2023, Siemens Energy collaborates with a software developer to create cloud-based platforms for predictive maintenance and remote monitoring of ESP performance across geographically dispersed facilities.
In November 2023, Siemens Energy unveils the Enviro ESP G4, featuring advanced control systems and cloud-based data management for real-time performance monitoring and predictive maintenance.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Filtration Devices Manufacturers, Suppliers and Distributors, Government Regulatory and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.