Electrostatic Precipitator Market Trends 6

Electrostatic
Precipitator Market Trends, Statistics & Growth Forecast 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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