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Electrostatic Precipitator Market

Rising Pollution Levels and Implementation of Stringent Emission Regulations Spurring Electrostatic Precipitator Market Demand!

Electrostatic Precipitator by Product Type (Plate Wire, Flat Plate, Tubular, Wet, Two Stage)

Electrostatic Precipitator Market Outlook (2022 to 2032)

Global Electrostatic Precipitator (ESP) Market sales in 2021 totaled a valuation of US$ 6.9 billion. The global electrostatic precipitator market size is set to increase from US$ 7.2 billion in 2022 to US$ 13 billion by 2032. Over the next ten years, electrostatic precipitator demand will soar at 6.1% CAGR.

Demand for electrostatic precipitators remains particularly high in power generation sector. This is due to rising adoption of electrostatic precipitators for removing harmful particulates during power generation activities. Power generation segment is likely to expand at 5.7% CAGR from 2022 to 2032.

Key Trends Propelling Electrostatic Precipitator Demand:

  • Growing concerns towards increasing air pollution levels is driving the electrostatic precipitators market
  • Implementation of stringent emission regulations across diverse industries will propel electrostatic precipitator demand
  • Rising need for proper air quality management will foster electrostatic precipitator sales
  • Increasing awareness about the benefits of electrostatic precipitators will encourage their adoption
  • Rapid penetration of industrialization across developing nations will support market expansion

Over the years, rising concerns regarding increasing pollution levels has prompted industries to reduce their emissions. This has put electrostatic precipitators market into the spotlight.

Filter-less systems or devices that use electric energy/charge to remove fine particles such as smoke and dust from flowing gas are called electrostatic precipitators (ESPs). These precipitators have gained immense traction in air pollution control and management.

Electrostatic precipitators are used in industries such as power generation, steel plants, etc. Hence, expansion of these industries will continue to fuel electrostatic precipitator demand.

Electrostatic precipitators offer several advantages. For instance, they are durable and can hold large gas volumes and heavy dust loads. They can be used for the collection of both wet and dry impurities. These devices also incur low operating costs.

Robust growth of power generation sector due to growing energy demand is acting as a catalyst triggering electrostatic precipitator sales. Thermal power plants release various pollutants during electricity generation. To trap and remove those impurities, electrostatic precipitators are being employed.

Demand for electrostatic precipitators is especially rising across emerging nations due to expansion of thermal plants. India has one of the largest populations in the world. As a result, energy demand is significant in the country.

India is also a significant manufacturing hub for a variety of industries that require huge amounts of energy. The country has a total installed capacity of about 407,800 MW with around 32,285 MW under construction in 2021. Fossil fuels accounted for around 57% of the total energy production.

With the rising demand for power in the country the production capacity has also increased. About 57 % of energy is produced using fossil fuels. This has increased the pollution levels within the country. Driven by this, demand for electrostatic precipitators will surge during the assessment period.

Introduction of new emission regulations by governments and regulatory bodies will create lucrative opportunities for electrostatic precipitator manufacturers. In order to reduce air pollution, governments worldwide are introducing new rules and regulations. This is creating a favorable environment for the growth of electrostatic precipitator industry.

Rising applications in healthcare, chemicals, petroleum, cement, and metallurgical industries will further boost electrostatic precipitators.

Besides this, development of new products will expand the global electrostatic precipitator industry. Leading electrostatic precipitator companies are constantly launching new products into the market. For instance, in May 2022, new wet ESP was launched by Valmet for marine industry.

Attributes Key Insights
Electrostatic Precipitator Market Size in 2022 US$ 7.2 billion
Projected Market Size (2032) US$ 13.0 billion
Value-based CAGR (2022 to 2032) 6.1%
USA Market CAGR (2022 to 2032) 5.0 %
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2017 to 2021 Electrostatic Precipitator Sales Outlook Compared to Demand Forecast from 2022 to 2032

Global sales of electrostatic precipitators grew at around 4.1% CAGR between 2017 and 2021. Over the next decade, the global market for electrostatic precipitators will rise at 6.1% CAGR. An absolute $ opportunity of US$ 5.8 billion will be generated by the global electrostatic precipitator industry.

An electrostatic precipitator is a particle control apparatus utilized to reduce emissions in industries. The global electrostatic precipitator market is likely to expand owing to increasing awareness of the effects of air quality on health.

The ESP (electrostatic precipitator) is an ideal choice for various sectors such as power generation and the manufacturing industry. This is due to its ability to remove harmful matter and keep emissions in check.

Rapid industrialization as well as growth in construction operations has caused the air to become unhealthy due to unregulated emissions. Due to this, governments across the world are implementing strict regulations to reduce pollution levels.

With the rapid expansion in industrialization and stricter government regulations on emission norms, electrostatic precipitator sales are set to rise at a robust pace.

The global carbon emissions in 2018 were around 36 billion metric tons which rose to around 37 billion metric tons in 2021. Global carbon emissions are likely to rise due to high penetration of industrialization. This will elevate electrostatic precipitator demand globally over the next ten years.

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Which Region Will Create Lucrative Growth Prospects for the Global Electrostatic Precipitator Market?

Asia Pacific is set to create lucrative growth prospects for the global market through 2032. In 2022, Asia Pacific electrostatic precipitator market size reached US$ 3.5 billion in 2022. By the end of 2032, Asia Pacific market will reach a valuation of US$ 6.5 billion.

Asia Pacific is a prominent region for manufacturing in the world. It accounts for around 48% of the global manufacturing output. Countries such as China and India have seen a rapid rate of industrial expansion during the last decade.

The rise in industrialization has caused a surge in the overall emissions in the region. The air quality has significantly gotten worse during the last few years. Studies reveal that the 10 most polluted cities in terms of air quality are in Asia Pacific region with an average air quality index of around 206.

Air pollution in China alone caused around 2 million deaths in 2021. To address this, Asia Pacific countries are introducing strict emission regulations. This will continue to elevate demand for electrostatic precipitators across Asia Pacific.

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Country-wise Insights:

What is the Demand Outlook for the United States Electrostatic Precipitator Market?

Electrostatic precipitator demand in the United States grew at 1.1% CAGR from 2017 to 2021. Between 2022 and 2032, electrostatic precipitator sales in the United States will rise at 5.0% CAGR. This will result in an absolute $ opportunity of US$ 723.8 million.

The United States of America electrostatic precipitator market size is forecast to reach US$ 1.9 billion by 2032. Rising pollution levels due to rapid expansion of manufacturing sector is a key factor driving the United States of America market. Besides this, implementation of stringent emission regulations by government is elevating electrostatic precipitator demand.

The United States is one of the prominent manufacturing countries in the world just behind China. The manufacturing output of the United States in 2020 was around US$ 2.2 trillion. This output rose to US$ 2.4 trillion in 2021. The expansion of the manufacturing sector has also resulted in an increase in pollution from the industries.

A significant amount of pollutants is released from the country’s energy sectors. The United States generated about 12,000 kWh of electricity in 2020. Out of this around 7,000 kWh was produced using fossil fuels.

This rise in manufacturing output and the dependence on fossil fuels for the generation of power in the country has resulted in the emission of around 14.8 tonnes of carbon dioxide in the year 2021.

With the rise in the amount of emission of carbon dioxide into the atmosphere through manufacturing and power generation, demand for electrostatic precipitators is rising at a significant pace across the United States of America.

Electrostatic precipitators reduce the amount of particulate matter emitted into the air. Hence, they are being employed across industries such as power generation and cement. This will continue to trigger electrostatic precipitator sales.

Why is China Emerging as a Prominent Market for Electrostatic Precipitators?

The electrostatic precipitator market in China is forecast to exceed a valuation of US$ 3.4 billion by 2032. Over the projection period, China market will generate an absolute $ opportunity of US$ 1.8 billion.

Electrostatic precipitator sales in China increased at a CAGR of 6.1% from 2017 to 2021. However, between 2022 and 2032, the market will exhibit a CAGR of 7.6%.

China is a leading manufacturing hub in the world. It is also one of the most populated countries in the world. China had a manufacturing output of around US$ 3.8 trillion in 2018 which rose to about US$ 4.8 trillion in 2021.

China is also the largest producer of energy in the world. China produced around 6.9 million GWh in 2018 which increased to about 7.6 million GWh. It produces almost 70% of its energy using coal. Therefore, due to the dependence on coal for energy production and the rise in manufacturing output, the pollution in the country has gotten worse in recent years. This has escalated demand for electronic precipitators and the trend is likely to continue through 2032.

How is Japan Electrostatic Precipitator Market Shaping?

Japan electrostatic precipitator market size is set to reach US$ 2.3 billion in 2032. It will generate an absolute $ growth of US$ 1.1 billion during the assessment period. Electrostatic precipitator demand in Japan has grown at a CAGR of 5.1% from 2017 to 2021. From 2022 to 2032, Japan market will thrive at a 6.4% CAGR.

Japan is a significant consumer of fossil fuels in the world. The country heavily relies on fossil fuels for its energy production and needs. Around 40% of Japan’s energy is currently being produced using oil and natural gas.

This high dependence on fossil fuels has increased the amount of dangerous particulate matter which is affecting the health of the residents in the country.

In 2019 around 42 thousand deaths in Japan were attributed to air pollution. Due to the rise in air pollution in the country, there is a need to control the number of pollutants emitted into the atmosphere.

As electrostatic precipitators are useful in reducing the amount of particulate matter emitted into the air, the market for electrostatic precipitators is projected to expand at a robust pace.

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Category-wise Insights:

Which Type of Electrostatic Precipitator Will Remain Highly Sought-After?

As per Persistence Market Research (PMR), demand will remain high for plate wire electrostatic precipitators. This is due to rising adoption of this electrostatic precipitator type across various industries.

Plate wire electrostatic precipitator segment expanded at a CAGR of 4.0% from 2017 to 2021. Over the next ten years (2022 to 2032), it will rise at 5.9% CAGR.

Plate wire electrostatic precipitator is one of the most commonly used types globally. It uses plate wires to trap and remove airborne particles. Growing usage of plate wire electrostatic precipitators across power generation, cement, and other industries will boost growth of the target segment.

Which is the Leading Industry for Electrostatic Precipitators?

Adoption rate of electrostatic precipitators is forecast to remain high in power generation sector. This is due to rapid expansion of power generation sector and growing need for removing harmful particulates in this industry.

From 2017 to 2021, power generation segment grew at a CAGR of 3.9%. Over the next ten years, electrostatic precipitator demand in power generation segment will rise at 5.7% CAGR.

The world has witnessed significant growth in power consumption in recent years. This is due to rapid growth in the population. The power sector uses a significant amount of fossil fuels to generate electricity.

Around 80% of the power generated in the world is derived using fossil fuels such as coal and oil. When burned these fossil fuels produce a lot of smoke that is harmful to the environment as well as to humans.

Electrostatic precipitators are widely utilized to reduce the particulate matter emission from the furnace and boiler exhausts. Growing demand for power will continue to boost the global electrostatic precipitators market through 2032.

Competitive Landscape:

Leading electrostatic precipitator manufacturers include Babcock & Wilcox, FLSmidth, DUCON, General Electric, John Wood Group plc, Mitsubishi Power Ltd., Hamon, Siemens AG, Thermax Ltd, and Trion IAQ.

These companies are focussing on developing new technologies to reduce emissions. They are also embracing strategies such as mergers, acquisitions, and partnerships to improve their revenue share.

Recent Developments:

  • In August 2021, Ecospray introduced a Wet electrostatic precipitator. This novel technology removes particulate matter and black smoke that is emitted by passenger ships and other boats.
  • In June 2022, to develop clean energy solutions, Lesedi and Fuel Tech partnered. They announced Dual Flue Gas Conditioning Technology that improves ESP (electrostatic precipitator) performance in reducing the particulate matter in emissions.
  • In April 2018, to renovate and modernize electrostatic precipitators at Ramagundam super thermal power station, NTPC gave a 137 crore contract to BHEL.

Scope of the Report:

Attribute Details
Estimated Market Size (2022) US$ 7.2 billion
Projected Market Size (2032) US$ 13.0 billion
Anticipated Growth Rate (2022 to 2032) 6.1% CAGR
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis
  • US$ Million for Value
  • MT for Volume
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa
Key Countries Covered
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Nordic
  • Russia
  • Poland
  • China
  • India
  • Thailand
  • Indonesia
  • Australia and New Zealand
  • Japan
  • GCC countries
  • North Africa
  • South Africa
  • Others
Key Segments Covered
  • Product Type
  • End Use
  • Region
Key Companies Profiled
  • Babcock & Wilcox
  • FLSmidth
  • General Electric
  • John Wood Group plc
  • Mitsubishi Power Ltd.
  • Hamon, Siemens AG
  • Thermax Ltd
  • Trion IAQ
Report Coverage
  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Drivers Restraints Opportunity Trends Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Global Electrostatic Precipitator Market Segmentation:

By Product Type:

  • Plate Wire
  • Flat Plate
  • Tubular
  • Wet
  • Two Stage

By End Use:

  • Power Generation
  • Chemicals
  • Metals
  • Petroleum Refineries
  • Cement

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Babcock & Wilcox
  • FLSmidth
  • General Electric
  • John Wood Group plc
  • Mitsubishi Power Ltd.
  • Hamon
  • Siemens AG
  • Thermax Ltd
  • Trion IAQ

- Frequently Asked Questions -

The global electrostatic precipitator market valuation reached US$ 7.2 billion in 2022.

By 2032, the global electrostatic precipitator industry is set to reach a valuation of US$ 13 billion.

The worldwide market for electrostatic precipitators exhibited a CAGR of 4.1% from 2017 to 2021.

Global electrostatic precipitator demand is forecast to rise at 6.1% CAGR from 2022 to 2032.

Power generation will remain the leading end-use industry for electrostatic precipitators.

Electrostatic precipitator sales in Korea are set to rise at 6.6% CAGR through 2032.

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