Electrostatic Precipitator Market Growth Outlook with Industry Review & Forecasts 2024- 2032
Electrostatic Precipitator Market is anticipated to grow substantially through 2032, owing to the growing replacement of existing systems with highly efficient systems across the globe. In addition, increasing measures taken by the government to reduce air pollution from thermal power plants, along with ongoing upgradation and industrialization across emerging nations, will positively influence the overall industry expansion. Besides, several product advantages such as high durability, low operating costs, and handling large gas volumes and heavy dust loads at low pressures are anticipated to spur its adoption in the coming future.
Key players operating in the electrostatic precipitator industry are incorporating strategic initiatives such as partnerships, mergers, acquisitions, and new product launches to strengthen their foothold in the market. For instance, in 2021, Valmet acquired EWK Umwelttechnik GmbH from Germany and ECP Group from Finland. With these acquisitions, Valmet seeks to expand its environmental technologies and related services.
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Overall, the electrostatic precipitator industry is segmented in terms of system, design, emitting industry, and region.
Based on the system, the wet segment is slated to expand considerably owing to the rising adoption of such systems for controlling acid mist, coupled with the capability of electrostatic precipitators to collect wet, flammable, sticky, and explosive particles at saturated gas conditions. Besides, wet precipitators are commonly used to remove liquid droplets, such as oil, tar, resin, and sulfuric acid mist, from gas streams in several industries.
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Considering the design, the tubular design segment is anticipated to demonstrate sturdy growth through 2032 owing to the wide application of tubular electrostatic precipitators chemical, gas, and steel industries, in a cost-effective manner. In addition, these ESPs remove sticky or wet particulate, offer minimal re-entrainment losses, and prevent material leakage, which is anticipated to escalate their adoption in the future.
By emitting industry, the metal processing & mining industry is anticipated to be valued at over USD 1.8 billion by 2032. The waste from such industries consists of unusable mining debris, coal waste, colliery spoil, colliery waste, coal mining waste, and coal mine tailings. Moreover, increasing mining activities and curbs imposed to reduce emissions will drive the demand for electrostatic precipitators in mining and processing industries.
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Regionally, the North America electrostatic precipitator market held accounted for over USD 1.4 billion market share in 2022. Increasing awareness regarding cutting down fine particle emissions coupled with the mounting construction activities in the region will augment the adoption of ESP systems. In addition, Europe ESP market trends are anticipated to be propelled by introducing beneficial laws and regulations and increasing public and private sector initiatives to install systems with cutting-edge monitoring and control methods.
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