Global Electrostatic Precipitator Market, Latest Innovations, Research, Segment, Progress, Growth Rate, and Global Forecast 2023
Global electrostatic precipitator market has been segmented based on type, component, end-user, and region.
411028(firmenpresse) - Global Electrostatic Precipitator Market Scope
The ‘global electrostatic precipitator market’ analysis is a specific and in-depth study of the electrostatic precipitator that have a particular focus on the comprehensive trend analysis. Market Research Future study depicts that the market would experience substantial growth at a CAGR of 4.00% during the forecast period 2016–2023. The study further provides key data on the market by analyzing the factors that drive, segmentation, and regional analysis to understand the market dynamics in the future.
Market Dynamics: Drivers & Challenges
The global market for electrostatic precipitators is expanding considerably due to the grossing factors such as tightening air pollution control regulations. It has been one of the critical factors that influenced the market in building its position for past years. It is now on the verge of expansion to a great extent. Similarly, the growth of coal-fired power plants and the development of the cement industry also present some of the most extensive opportunities for the electrostatic precipitator market during its growth period.
It is the Asia Pacific region that has observed collaboration with China’s Ministry of Environmental Protection (MEP) that focuses on critical areas such as improving environmental enforcement, reducing water pollution, advancing air quality, and enhancing environmental cooperation. These have been sponsors for the market’s growth. In line with such an initiative, in August 2017, a two-day workshop was organized on environmental inspections. By this, it could be expected that the global market for electrostatic precipitator can achieve a higher valuation during the assessment period and make a robust position in the energy and power industry, globally.
Global Electrostatic Precipitator Market Segmentation
The Global Electrostatic Precipitator Market, as per the study, has been segmented by type, component, and end-user.
In terms of type: Dry ESP and wet ESP are the segments. Wherein, the dry ESP segment leads the market. The reason behind the growth of these types of electrostatic precipitators are attributed to its ability to withstand high temperatures and high particulate volumes, low electricity consumption, and cost-effectiveness.
In terms of Component: Hardware and software & services are the segments.
In terms of end-user: Power, metals, cement, chemicals and more are the segments.
Regional Framework
Region-specific approach to the electrostatic precipitator market reveals key regions such as North America, Europe, Asia-Pacific, and the rest of the world.
Global Electrostatic Precipitator market is expected to witness a moderate growth during the forecast period in Asia Pacific region due to tightening air pollution control regulations. Government regulations in Asian countries associated to environment conservation are prospective to drive the demand for electrostatic precipitator to a great extent. In case of point, Beijing sets the target for improving the air to 80%, which is driving the market for new Electrostatic Precipitator in this region. On the other hand, China’s ministry surpassed its target set for air pollution action plan in 2013. Similarly, in its five-year plan until 2020, China’s national air pollution plan has brought incredible reductions in pollution levels that impacted the rising number of health risks to minimum.
Further, North America region is estimated to register substantial demand in the coming years owing to rising automation, rapid industrialization, and stringent government framework having an aim to curb pollution levels. Electrostatic precipitators play a pivotal role in protecting human life and safeguarding it from illnesses caused by polluted air which is the booster for the market in this region.
Market Players
The well-known players of global Electrostatic Precipitator market are listed as Babcock & Wilcox (US), General Electric (US), Hamon Group (Belgium), Fujian Longking (China), Mitsubishi Hitachi Power Systems (Japan), Ducon Technologies (US), AMEC Foster Wheeler (UK), Thermax Global (India), Siemens AG (Germany), and Trion (US) and to name a few.
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Datum: 07.02.2020 - 07:59 Uhr
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Typ of Press Release: Financial
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Date of sending: 7/2/2020
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