Report Overview

The Global "Electrostatic Precipitator Market" is expected to grow at a CAGR of 1.2% during the forecast period (2024-2031).

An electrostatic precipitator is a machine that uses an electric charge to remove certain impurities, solid particles, and liquid droplets from the air or other gases in chimneys and other flues. The precipitator functions by applying energy only to the particulate matter without significantly blocking the flow of gases.

Electrostatic precipitators are originally designed to recover valuable industrial-process material. They are extensively used for air pollution control, particularly for removing harmful particulate matter from waste gases at industrial facilities and power-generating stations. An electrostatic precipitator can capture fine particles, i.e., smaller than 2.5 microns in diameter, which are especially dangerous if released because they can be drawn deep into the lungs and can trigger inflammatory reactions.

Market Scope

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Source: DataM Intelligence Analysis (2023)

Market Dynamics

The stringent regulations over air pollution by government and regulatory bodies are expected to drive the market. However, the high initial capital cost will hinder the electrostatic precipitator market growth.

The stringent regulations over air pollution by government and regulatory bodies are expected to drive the market

Air pollution is one of the greatest natural dangers to human well-being, close to environmental change. Further developing air quality can upgrade environmental change alleviation endeavors while decreasing discharges, thus further developing air quality. By accomplishing these rule levels, nations will ensure their well-being and relieve global environmental change.

Exposure to air pollution causes 7 million unexpected losses and results in the deficiency of millions more sound-long stretches of life. It could incorporate diminished lung development and capacity in kids, respiratory contaminations, and exasperated asthma. Besides, in grown-ups, ischaemic coronary illness and stroke are the most well-known reasons for unexpected passing inferable from outside air contamination. The proof is likewise arising of different impacts like diabetes and neurodegenerative conditions. As a result, this puts the weight of infection from air contamination on a standard with other major global well-being dangers, such as undesirable eating regimens and tobacco smoking.

New WHO Global Air Quality Guidelines (AQGs) give obvious proof of air pollution's harm to human well-being at even lower focuses than recently comprehended. The rules prescribe new air quality levels to secure the well-being of populaces by decreasing degrees of key air toxins, some of which likewise add to environmental change.

Therefore, stringent regulation over air pollution can increase the growth of electrostatic precipitators. Electrostatic precipitators can capture fine particles, i.e., smaller than 2.5 microns in diameter, which are especially dangerous if released because they can be drawn deep into the lungs and trigger inflammatory reactions. In April 2018, General Electric and its subsidiary Alstom Power Systems based in France, received the contract as the lead EPC to construct a coal power plant in Ostroleka C, Poland, involving an electrostatic delivery precipitator.

High initial capital cost is anticipated to hinder the electrostatic precipitator market growth

Electrostatic precipitators have a high deployment cost, making them prohibitive for small and medium-scale industries. The precipitators are expensive to purchase and install and thus result in increased deployment. Apart from being costly, they require ample space to be set up. Therefore, the value proposition for industries gets reduced as they are costly and need a lot of space to be set up.

Moreover, electrostatic precipitators do not offer the versatility of operation. Once installed, it is challenging to change the size of the ESP, move it, or relocate it. Therefore, proper planning needs to be done regarding the size, type, and location for installing the ESP.

COVID-19 Impact on Electrostatic Precipitator Market Growth

Studies have shown that air pollution might contribute to the COVID-19 pandemic and be linked to increased pandemic severity and lethality by impacting chronic diseases, such as diabetes and cardiopulmonary diseases. Experimental studies have shown that vulnerability to air pollution results in a decreased immune response, thus promoting viral penetration and replication. The harmful interaction of air pollution with the pandemic has resulted in air pollution control regulation and is expected to support the market.

However, electrostatic precipitators' initial cost and deployment are difficult to install for many small-scale industries.

Market Segmentation

The global electrostatic precipitator market is segmented into power & electricity, metal, cement, chemical, and others based on end-user.

The power & electricity industry dominates the electrostatic precipitator market. Power & electricity generation companies use electrostatic precipitators globally because of improved particulate collection efficiency and better performance. In addition, the implementation of these systems in thermal power plants and petroleum refineries has filliped owing to the enforcement of stringent environmental laws and stringent emission standards, awarding the power & electricity industry the top spot in market size.

For instance, In June 2018, Mitsubishi Hitachi Power Systems, Japan-based, received a contract to upgrade the environmental system at Boryeong Power Station. Boryeong Power Station is managed by Korea Midland Power Co., Ltd., South Korea. Moreover, in August 2017, the company received an order to supply an electrostatic precipitator, gas turbine, and power generator to a power plant of Anshan Iron and Steel Group, a China-based steel manufacturer.

Source: DataM Intelligence Analysis (2023)

Market Geographical Share

The global electrostatic precipitator market is segmented into North America, Europe, South America, Asia-Pacific, and the Middle East & Africa based on geography.

With rapid industrialization and several thermal power plants; and cement, steel, and chemical manufacturers, Asia-Pacific has increased air pollution. According to the United Nations, air pollution is responsible for more than 6.5 million deaths annually, the bulk of which 70% occurs in Asia-Pacific. Apart from health hazards, air pollution is a menace to the region's economy, food & water security, and climate systems.

With the growing concerns for ecology, the government and companies in the region are taking necessary steps to control and manage air pollution. For instance, in December 2019, KraftPowercon, an India-based company, acquired a 100% stake in Marsulex Environmental Technologies Corporation (MET). The acquisition would enable Marsulex Environmental Technologies Corporation (MET) to introduce cost-efficient electrical upgrades to electrostatic precipitators in India using KraftPowercon's 'MicroPulse' power supplies and advanced technology 'SmartKraft.'

Source: DataM Intelligence Analysis (2023)

Companies and Competitive Landscape

The global electrostatic precipitator market is moderately competitive with several end-use industries such as power & energy companies, resulting in high investment by multinational and local companies, contributing to the major share in the market growth. In addition, major players contributing to the market's growth are General Electric Company, Mitsubishi Hitachi Power Systems, Siemens, Amec Foster Wheeler, Babcock & Wilcox, Thermax Global, Ducon Technologie, Fujian, Hamon Group, Trion, and others. Further, the companies are adopting growth strategies such as expansions, acquisitions, product launches, and collaborations, contributing to the market growth globally.

General Electric Company

Overview: General Electric Company is a high-tech, American multinational conglomerate. It is headquartered in Boston, Massachusetts, U.S. In addition, the company operates globally through its four industrial segments: Aviation, Healthcare, Power, and Renewable Energy, and its financial services segment, Capital.

Product Portfolio: General Electric Company offers an electrostatic precipitator integrated controller (EPIC), and an ESP bus-section controller for transformer rectifier sets. It uses software algorithms such as electrostatic precipitator optimizing of charge (EPOQ) and opacity optimization to obtain enhanced performance from an electrostatic precipitator.

Key Development:

• In November 2017, General Electric Company delivered an electrostatic precipitator to replace an old air filtration system at a copper mine in Australia.

Why Purchase the Report?

• Visualize the composition of the electrostatic precipitator market segmentation by type, offering, application, end-user, and region, highlighting the key commercial assets and players.
• Identify commercial opportunities in the electrostatic precipitator market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of electrostatic precipitator market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global electrostatic precipitator market report would provide access to approx. 69 market data tables, 64 figures, and 180 pages.

Target Audience

• Manufacturers of Electrostatic Precipitator
• Power & Electricity Companies
• Chemical Manufacturers
• Traders, Distributors, and Suppliers of Electrostatic Precipitator
• Investment Research Firms