Dec 10, 2018   SOURCE: BusinessWire

Worldwide Electrostatic Precipitator Market by Type, Vertical, Offering and Geography - Forecast to 2023 - ResearchAndMarkets.com

The "Electrostatic Precipitator Market by Type (Dry Electrostatic Precipitator and Wet Electrostatic Precipitator), Vertical (Power & Electricity, Metals, Cement, Chemicals), Offering, and Geography - Global Forecast 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The overall electrostatic precipitator market is expected to grow from USD 5.8 billion in 2018 to USD 7.0 billion by 2023 at a CAGR of 3.97%.

Tightening air pollution control regulations, growth in coal-fired power plants, and growing environmental concerns are the key factors driving the growth of this market. However, high deployment cost of electrostatic precipitators restraints the market's growth.

Others end-user category is likely to grow at the highest CAGR during the forecast period

The market for others end-user category is expected to grow at the highest CAGR during the forecast period. High volume of pollutant released into the environment by pulp and paper, glass, and mining companies has resulted in higher adoption of electrostatic precipitators in this category.

Over the years, several prominent market players have delivered electrostatic precipitators for these end users. For instance, in November 2017, General Electric (US) delivered an electrostatic precipitator to replace an old air filtration system at a copper mine in Australia.

APAC is expected to hold a significant share of the electrostatic precipitator market by 2023

APAC is expected to account for the largest share of the electrostatic precipitator market. Increasing air pollution due to particulate emission, rapid industrialization, and presence of several thermal power plants and cement, steel, and chemical manufacturers in the region have led to increased demand for electrostatic precipitators in APAC. China, India, and Japan are some of the major contributors to the growth of the electrostatic precipitator market in the region.

Market Dynamics

Drivers

  • Tightening Air Pollution Control Regulations
  • Growth in Coal-Fired Power Plants
  • Growing Environmental Concerns

Restraints

  • High Deployment Cost

Opportunities

  • Growth in Cement Industry

Challenges

  • Growing Demand for Alternative Energy Sources
  • Disadvantages in Terms of Functionalities

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Electrostatic Precipitator Market, By Type

7 Electrostatic Precipitator Market, By Offering

8 Electrostatic Precipitator Market, By End User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • AMEC Foster Wheeler
  • Babcock & Wilcox
  • Balcke-Durr
  • Bhel
  • Ducon Technologies
  • Feida
  • Flsmidth
  • Fuel Tech
  • Fujian Longking
  • General Electric
  • Hamon Group
  • IS Saveenergy
  • KC Cottrell
  • Mitsubishi Hitachi Power Systems
  • PPC Industries
  • Siemens
  • Sinoma-Tec
  • Sumitomo Heavy Industries
  • Thermax Global
  • Trion

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