The global electrostatic precipitators market is growing at a CAGR of 4.2% owing to its increasing application in various industries such as power and electricity, cement, power plants, and more. The devices are primarily applied in heavy industries such as steel mills and cement plants to remove particulate matter from gases at high temperatures. Additionally, the increasing environmental concerns and health issues increase the necessity for better air quality and air pollution control systems. Rapid industrialization and urbanization increase air pollution in urban areas contributing to market growth. Furthermore, the increasing demand for electrostatic precipitators in coal-fired and gas-based power plants coupled with stringent government regulations filter out the exhaust gases to drive the electrostatic precipitator industry.
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The global electrostatic precipitators market is segmented by type (into dry and wet electrostatic precipitators), by end-user (into power and electricity, metals, cement, chemicals, and other industries), and by geography (into North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa).
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Market Dynamics
- The dry segment is expected to hold a significant market share during the forecast period, owing to increasing demand from cement, power generation, and coal-fired power plants to filter out exhaust gases.
- The power and electricity segment is expected to register a significant growth rate over the forecast period owing to the stringent government regulations for power plant operators to meet the federal guidelines regarding the release of particulate matter.
- Asia-Pacific region is expected to register considerable growth over the forecast period owing to the increased level of air pollution in the region. Additionally, the rising construction activities in the region and increasing demand for power generation in emerging economies are propelling the regional market during the forecast period.
The major players in the global electrostatic precipitators market include Babcock & Wilcox Enterprises, Inc., Siemens AG, Thermax Ltd., General Electric Co., Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd., and others. The market players are contributing significantly to the market growth by the adoption of various business strategies, such as product development, mergers and acquisitions, partnerships, and more.
Recent Developments
- In February 2024, Valmet announced the delivery of electrostatic precipitators (ESP) to Nordic Paper’s Bäckhammar mill in Kristinehamn, Sweden. The product would be delivered for the existing recovery boiler. The takeover is scheduled to be at the end of 2025.
- In September 2023, Valmet announced the delivery of ESP for the recovery boiler in Shandong Huatai Paper’s. The product would be delivered 700,000 tons chemical pulp project in Shandong province, China. The delivery is scheduled for January 2025.
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