Electrostatic Precipitator Market Size - By System (Dry, Wet), By Design (Plate, Tubular), By Emitting Industry (Power Generation, Chemicals and Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine), Regional Outlook & Forecast, 2024 – 2032

Electrostatic Precipitator Market Size - By System (Dry, Wet), By Design (Plate, Tubular), By Emitting Industry (Power Generation, Chemicals and Petrochemicals, Cement, Metal Processing & Mining, Manufacturing, Marine), Regional Outlook & Forecast, 2024 – 2032

Electrostatic Precipitator Market Size

Electrostatic Precipitator Market was valued USD 8.6 Billion in 2023 and is anticipated to grow at a CAGR of 6.4% from 2024 to 2032. It is an air pollution control device that removes particulate matter from exhaust gases by applying a high-voltage electrostatic charge to the particles, which are then attracted to and deposited on charged plates or other collection surfaces.

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Rising government regulations by regulatory bodies such as the U.S. Environmental Protection Agency (EPA), the European Union (EU), and various national agencies to control air pollution is set to propel the product adoption. Growing industries such as power generation, cement, steel, and chemicals along with their increasing particulate emissions create demand for effective particulate control technologies.
 

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Increasing advancements in ESP technology such as the development of more efficient and cost-effective systems will augment the industry landscape. Furthermore, rising innovations including improvements in electrode design, power supply efficiency, and the incorporation of digital controls for better performance monitoring and maintenance and rising integration of renewable energy sources into the energy mix will drive the business scenario.

Electrostatic Precipitator Market Trends

Growing awareness of the air pollution health impacts, particularly fine particulate matter (PM2.5 and PM10), which has been linked to respiratory and cardiovascular diseases is putting pressure on industries to reduce emissions, thereby increasing the product adoption. Rapid urbanization and economic growth, particularly in emerging economies, are contributing to increased industrial activity and energy consumption, thereby necessitating product demand. Shifting industries focus on retrofitting and upgrading their existing pollution control systems to meet newer and stricter emission standards are some factors driving the product penetration.

Electrostatic Precipitator Market Analysis

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Based on system, the dry segment is anticipated to grow over USD 12.4 billion by 2032. Increasing demand for systems with highly effective properties at capturing fine particulate matter, including PM2.5 and PM10 to meet stringent environmental regulations is set to influence the system adoption. Their lower operational and maintenance costs along with fewer moving parts, resulting in reduced wear and tear and lower maintenance expenses will complement the business landscape.

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Based on design, the tubular segment is set to grow at a CAGR of over 6.3% through 2032, on account of its high efficiency in particulate matter collection, achieved through the design's ability to evenly distribute the electric field along the length of the tubes, ensuring effective charging and collection of particles. Rising demand for compact designs to save valuable floor space and also allow for easier integration into existing industrial processes without major modifications will strengthen the market scenario.

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Asia Pacific electrostatic precipitator market size projected surpass USD 7.1 billion by 2032. Growing industrial sector, including power generation, cement production, steel manufacturing, and petrochemicals is driving demand for effective air pollution control technologies. Rising environmental regulations in countries such as China and India to mandate industries to adopt emission control technologies are stimulating the product demand. Increasing investments in developing advanced technology to enhance efficiency, reduce energy consumption, and improve operational reliability coupled with rising collaborations between international and local players will augment the business growth.

In the U.S. rising environmental regulations, enforced by agencies such as the Environmental Protection Agency (EPA) to mandate industries to control emissions of particulate matter and other pollutants will drive the product demand. The presence of key players in the region and expanding research activities to focus on enhancing technology to improve efficiency, reduce energy consumption, and optimize operational performance will bolster the industry growth.

Electrostatic Precipitator Market Share

Eminent players are prioritizing research and development to innovate and improve ESP technologies by investing in developing advanced ESP systems that offer higher efficiency, lower energy consumption, reduced maintenance requirements, and enhanced reliability. Increasing emphasis on sustainability is encouraging manufacturers to integrate environmental stewardship into their business strategies. This includes developing eco-friendly ESP designs, promoting energy-efficient solutions, and adhering to international environmental standards.

Electrostatic Precipitator Market Companies

Eminent players operating in the electrostatic precipitator industry are

• Babcock and Wilcox Enterprises, Inc.
• DUCON
• DÜRR Group
• FLSmidth
• Fuel Tech Inc.
• GEA Group Aktiengesellschaft
• GEECO Enercon Pvt Limited
• KC Cottrell India
• Mitsubishi Heavy Industries, Ltd.
• Monroe Environmental Corp.
• Sumitomo Heavy Industries Ltd.
• TAPC
• Trion
• Valmet
• Wood Plc

Electrostatic Precipitator Industry News

• In February 2024, Valmet announced to supply of electrostatic precipitators for the recovery boiler at Nordic Paper’s Bäckhammar mill in Sweden, with completion expected by the end of 2025. This initiative is part of Nordic Paper’s efforts to enhance sustainability and competitiveness at the Bäckhammar mill, which produces unbleached kraft papers mainly for packaging.
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• In February 2021, GEA has secured two contracts from CEPSA Spain for their La Rabida and San Roque refineries. The projects include planning, engineering, delivery, and installation of two Hot Electrostatic Precipitators (HESPs), along with dust transport and storage systems. These upgrades to CEPSA's FCC units aim to meet Spanish emission standards by 2024, with commissioning set for early 2023.

This electrostatic precipitator market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Billion)” from 2021 to 2032, for the following segments

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Market, By System

• Wet
• Dry

Market, By Design

• Plate
• Tubular

Market, By Emitting Industry

• Power Generation
• Chemicals and Petrochemicals
• Cement
• Metal Processing & Mining
• Manufacturing
• Marine
• Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Angola
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru