Electrostatic Precipitator Market Impact of COVID-19, Process Outlook and Regional Scope

Felton, Calif., USA, Feb 01, 2022 — /EPR Network/ —

The global electrostatic precipitator market size is anticipated to reach USD 14.97 billion by 2025. It is anticipated to register growth with 3.3% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with the increasing health awareness prevailing among the millennial population and the need for curtailing environmental pollution.

Rising industrialization is contributing majorly to the pollution across urbana areas. This can be associated with the emission of harmful chemical fumes and gases from industrial and construction activities. As these electrostatic precipitators safeguard humans from severe illness, their demand is expected to surge up in the upcoming years.

Market Share Insights

The key players in this market are Mutares AG, ELEX AG, Babcock & Wilcox Enterprises, Inc., FLsmidth& Co. A/S, Hamon Group, Thermax Limited, Siemens Aktiengesellschaft, and KC Cottrell Co., Ltd.These players are focusing to develop mobile apps and similar mechanisms for providing easy access to pollution control units. The key players hold a major share across the global market, especially in Europe and North America.

They are also engaged in developing several marketing strategies like cost-effective pricing and expansion to gain a competitive advantage over other players. Several players have started investing hugely for carrying out R&Ds for product expansion and to widen their product reach.

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Technology Insights

The global electrostatic precipitators market can be segmented into wet and dry technology. In 2017, the dry technological segment held the largest share across the global market and generated revenue of USD 9.66 Billion. It is anticipated to register the highest growth during the forecasted years, 2018 to 2025.

The wet type of electrostatic precipitators is considered to be conventional. It is largely used for carrying out the functioning of critical industrial processes like sulfuric acid droplets and mists removal from the gas streams.

Application Insights

The global electronic precipitator market can be segmented into metal, chemical, cement, power generation, manufacturing, and others based on the applications. The application segment if manufacturing is projected to register 4.9% CAGR during the forecasted years, 2018 to 2025.

This growth can be attributed to surging growth across infrastructure and construction activities. Moreover, rapid industrialization across the globe is projected to drive the market growth for electrostatic precipitators in the upcoming years.

Regional Insights

In 2017, the Asia Pacific is projected to hold the highest share across the global electrostatic precipitators market. This can be attributed to the rapid technological advances being made across developing countries like China and India. But, surging population rise and health issues are anticipated to hinder the market growth in the upcoming years. 

Europe held the second-largest share across the global market in 2017. This can be attributed to the rising demand for equipment to control pollution across this region. Countries such as Germany, Italy, U.K, Russia, Spain, and Central and European countries are projected to create a requirement for electrostatic precipitators.

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