Electrostatic Precipitator Market size was valued at USD 8.5 billion in 2015, and will grow at over 9% CAGR estimation to reach USD 18 billion by 2024. Key players in the global electrostatic precipitator market include Babcock & Wilcox., Balcke-Durr, Alstom, Siemens, Trion, Total Air Pollution Control, and Clean Tunnel Air International.

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Electrostatic Precipitator Market
Size, Share, Industry Outlook & Forecast
2016-2024
Electrostatic Precipitator Market size will grow at
over 9% CAGR estimation by 2024

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 Electrostatic Precipitator Market size was valued at USD 8.5 billion in 2015, and will grow at over
9% CAGR estimation to reach USD 18 billion by 2024.
Rising environmental, safety, and health concerns in reducing air pollution will fuel industry growth
through 2024. Factors, such as low operational cost, high efficiency, and the ability to operate across wide
temperature ranges, will catalyze electrostatic precipitator market size.
These products offer high efficiency & capability to handle large gas volumes at extreme temperatures
and also provide coal-fired power plants with a performance boost. Effective use of these products helps in
preventing water & soil acidification, respiratory or cardiovascular diseases, cancer and fertility problems,
and ground level ozone. This will play a vital role in various heavy industries, such as steel mills, cement
plants, and thermal power stations, over the forecast timeline.
Global Market Scenario of Electrostatic Precipitator Industry

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 The industry is predicted to witness potential opportunities owing to rising thermal power plant
construction & renovation across the globe. In addition, attributes offered by these systems, such
as silent operation and high response time, catalyze the product demand.
 Furthermore, its ability to eliminate the need for additional air compression systems helps in
avoiding the auxiliary cost and this may positively impact electrostatic precipitator market share
through 2024. The escalating need for reducing air pollution levels and stringent environmental
norms could be a key reason for its penetration across developed and developing nations.
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Research Methodology

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The cement manufacturing sector may exhibit high growth prospects owing to its swift
implementation for minimizing greenhouse gas emissions such as hydrocarbons, Sox, NOx, and
particulates from the industries. Rising R&D investments to produce advanced solutions, such as
fabric filters, to improve the product efficiency will offer a massive growth potential over the forecast
timeline.
Wet electrostatic precipitators are the preferred technology owing to their substantial operational
efficiency with saturated gas conditions and gas moisture. It can be designed as horizontal or vertical
flow configurations based on the cost and arrangement required.
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Products Insights

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 Key players in the global electrostatic precipitator market include Babcock & Wilcox., Balcke-Durr,
Alstom, Siemens, Trion, Total Air Pollution Control, and Clean Tunnel Air International. Rising focus
on research and development while manufacturing superior products by industry players may offer a
competitive edge over the forecast period.
Competitive Insights

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Regional Analysis
 Asia pacific electrostatic precipitator market is predicted to experience a substantial growth owing to the
rising demand for device installation in industrial boilers and other machinery.
 China is expected to contribute a major industry share owing to the presence of a large number of
manufacturing industries across the region. Furthermore, South Korea is likely to exhibit a massive
growth potential owing to the rising consciousness regarding benefits offered by these devices.
 U.S. electrostatic precipitator market share is forecast to witness consistent growth due to strict
government policies for reducing environmental pollution throughout the region. Escalating industrial
investments that focus on the improvisation of gas filtration efficiency in the U.S. will drive product
demand from 2016 to 2024.
 The Europe electrostatic precipitator market size may witness moderate growth prospects due to
decreasing industrial revenues in coal-fired generators as well as steel mills.
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