What Is The Current and Historic Market Size Analysis Of The Electrostatic Precipitator Market?
The electrostatic precipitator market has seen considerable growth due to a variety of factors.
• The electrostatic precipitator market is also experiencing steady growth. It will grow from $7.66 billion in 2024 to $8.15 billion in 2025, at a CAGR of 6.5%.
The expansion is driven by environmental regulations, economic growth, government incentives, supportive economic policies, and public-private partnerships.
What Are The Predictions for The Electrostatic Precipitator Market in the Coming Years?
The electrostatic precipitator market is expected to maintain its strong growth trajectory in upcoming years.
• The electrostatic precipitator market is expected to experience significant growth, reaching $10.33 billion by 2029 at a CAGR of 6.1%.
This growth is attributed to the development of natural gas infrastructure, refinery and petrochemical expansion, higher electricity demand, health concerns, and a rising need for pollution control equipment. Trends include demand from the food processing industry, technological innovations, industrial growth, power generation expansion, and the integration of IoT and AI.
Which Drivers Are Accelerating Growth In The Electrostatic Precipitator Market?
The expansion of industrialization and construction sectors is expected to boost the growth of the electrostatic precipitator market. The industrialization sector is growing due to global economic expansion and technological innovations, while the construction sector benefits from rising demand for physical infrastructure. As these sectors grow, the need for environmental management solutions like electrostatic precipitators increases to mitigate pollutants. In September 2024, the U.S. Census Bureau reported an 8.8% increase in construction spending, signaling growth in these sectors. This expansion will drive the electrostatic precipitator market forward.
What Are The Core Segments Of The Global Electrostatic Precipitator Market?
The electrostatic precipitator market covered in this report is segmented –
1) By Offering: Hardware And Software, Services
2) By Design: Plate, Tubular
3) By End User: Power Generation, Chemicals And Petrochemicals, Cement, Metal Processing And Mining, Manufacturing, Marine, Other End Users
Subsegments:
1) By Hardware And Software: Electrostatic Precipitator Systems (Hardware), Plate Type Electrostatic Precipitators, Tubular Electrostatic Precipitators, Control And Monitoring Software, Automation And Process Control Software, Monitoring And Diagnostic Software, Emission Control Software
2) By Services: Installation Services, Maintenance And Repair Services, System Upgrades And Retrofitting Services, Consulting And Design Services
Pre-Book The Electrostatic Precipitator Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Electrostatic Precipitator Market?
Companies in the electrostatic precipitator market are introducing new technologies in the marine industry to provide compact and efficient emission control systems. For example, in May 2022, Valmet Oyj, a Finnish process technology manufacturer, launched a new wet electrostatic precipitator for the marine industry to control emissions. This system helps shipping companies reduce harmful particulate matter and black carbon emissions from exhaust gases, aiding in global warming mitigation and regulatory compliance.
Who Are the Key Players In The Electrostatic Precipitator Market?
Major companies operating in the electrostatic precipitator market are:
• Siemens AG
• General Electric
• Mitsubishi Hitachi Power Ltd.
• Sumitomo Heavy Industries Ltd.
• GEA Group AG
• Valmet
• John Wood Group PLC
• Bharat Heavy Electricals Limited
• FLSmidth Cement A/S
• SEI-GROUP
• Rieco Industries
• SPX Corporation
• Thermax Limited
• Fujian Longking Co. Ltd.
• Balcke-Dürr GmbH
• Babcock & Wilcox Enterprises Inc.
• Ducon Technologies Inc.
• Monroe Environmental Corp.
• Envitech Inc.
• TSI Incorporated
What Are The Regional Insights Into The Electrostatic Precipitator Market?
Asia-Pacific was the largest region in the electrostatic precipitator market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electrostatic precipitator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
