Global Electrostatic Precipitators Markets to 2023: Opportunities Arise as the Cement Industry Grows

Monday, 10. December 2018 11:31

Dublin, Dec. 10, 2018 (GLOBE NEWSWIRE) -- 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 global electrostatic precipitator market was valued at USD 5,577.2 million in 2017 and is expected to reach USD 7,045.9 million by 2023, at a CAGR of 3.97% from 2018 to 2023.

Growing environmental concerns worldwide, increasing utilization of coal for electricity generation, and tightening air pollution control regulations are some of the major factors driving the growth of the electrostatic precipitator market.

However, the high deployment cost of electrostatic precipitators is restraining the growth in this market. Factors such as the growth in the cement industry are likely to create huge growth opportunities for market players.

On the other hand, growing demand for alternative energy sources and disadvantages in terms of functionalities of electrostatic precipitator pose major challenges for the players in the electrostatic precipitator market.

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.

Prominent dry ESP providers are Amec Foster Wheeler plc (UK), Thermax Global, and Ducon Technologies Inc. (US). Companies offering wet ESP include General Electric Company (US), Babcock & Wilcox Enterprises, Inc. (US), and Mitsubishi Hitachi Power Systems, Ltd. (Japan).

Key Topics Covered

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Breakdown of Primaries
2.1.3.3 Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Electrostatic Precipitator Market
4.2 Electrostatic Precipitator Market in APAC, By Country and End-User Industry
4.3 Electrostatic Precipitator Market, By Offering
4.4 Electrostatic Precipitator Market, By Type
4.5 Electrostatic Precipitator Market, By End-User Industry
4.6 Electrostatic Precipitator Market, By Country

5 Market Overview
5.1 Introduction
5.2 Electrostatic Precipitator Market Dynamics
5.2.1 Drivers
5.2.1.1 Tightening Air Pollution Control Regulations
5.2.1.2 Growth in Coal-Fired Power Plants
5.2.1.3 Growing Environmental Concerns
5.2.2 Restraints
5.2.2.1 High Deployment Cost
5.2.3 Opportunities
5.2.3.1 Growth in Cement Industry
5.2.4 Challenges
5.2.4.1 Growing Demand for Alternative Energy Sources
5.2.4.2 Disadvantages in Terms of Functionalities
5.3 Value Chain Analysis

6 Electrostatic Precipitator Market, By Type
6.1 Introduction
6.2 Dry ESP
6.2.1 Dry ESP is Ideal for Handling High Temperature and High Ash Particulate Volumes, Which Drives Its Demand From Several Industries
6.3 Wet ESP
6.3.1 Ability to Filter Heavy Metals Drives Demand for Wet ESP

7 Electrostatic Precipitator Market, By Offering
7.1 Introduction
7.2 Hardware & Software
7.2.1 Discharge Electrodes
7.2.1.1 Discharge Electrodes are Used in an ESP to Provide Voltage and Emit Charging Current for Generating an Electric Field
7.2.2 High Voltage Electrical Systems
7.2.2.1 High Voltage Electrical Systems Provide Electrical Field Between Collection and Discharge Electrodes
7.2.3 Collection Electrodes
7.2.3.1 Collection Electrodes in an ESP are Used for Receiving and Retaining Precipitated Dust Particles
7.2.4 Hoppers
7.2.4.1 Hoppers are Used to Collect and Store Precipitated Dust Particles Removed During Rapping
7.2.5 Rappers
7.2.5.1 Rappers are Used for Imparting Vibrations to Electrodes for Removing Accreted Dust Particles
7.2.6 Shell
7.2.6.1 Shell is Base Structure, Which Supports ESP
7.3 Services
7.3.1 Requirement for Upgrading Emission Control Equipment, Including ESP, Drives Demand for Servicing

8 Electrostatic Precipitator Market, By End User
8.1 Introduction
8.2 Power & Electricity
8.2.1 Coal Power Plant
8.2.1.1 High Pollutant Emission From Thermal Power Plants Using Coal Will Drive Demand for ESP
8.2.2 Petroleum Refineries and Power Plants
8.2.2.1 an Array of Particulate Matters Released From Firing Boilers to Generate Steam for Electricity Production to Support in Adoption of ESP By Petroleum Refineries and Power Plants
8.3 Metals
8.3.1 Foundries
8.3.1.1 Relatively Old and Smaller Foundries Operating Obsolete Equipment Responsible for High Carbon Particle Emissions to Drive Demand for ESP in Foundries
8.3.2 Iron and Steel Manufacturing
8.3.2.1 Release of Several Pollutants has Led to Adoption of Different Regulations By Several Countries, Driving Demand for ESP From Iron and Steel Companies
8.3.3 Aluminum Smelting
8.3.3.1 Aluminum Extraction From Bauxite Releasing Large Amount of Carbon to Support Growing Demand for ESP From Aluminum Smelting Companies
8.3.4 Nonferrous Metal Production and Processing
8.3.4.1 Metal Production and Processing of Non-Ferrous Metals Generates Considerable Amount of Pollutants, Boosting Demand for ESP From Nonferrous Metal Production and Processing Companies
8.4 Cement
8.4.1 Emission of Several Pollutants, Including Particulate Matter, Heavy Metals, and Gases, to Support Growing Demand for ESP From Cement Companies
8.5 Chemicals
8.5.1 Basic Chemicals Manufacturers
8.5.1.1 Manufacturing Basic Chemicals, Such as Caustic Soda, Ammonia, Chlorine, Sulfuric Acid, Methanol, and Xylenes, Generates an Array of Pollutants, Driving Demand for ESP
8.5.2 Specialty Chemicals Manufacturers
8.5.2.1 High Demand for Specialty Chemicals has Resulted in Increased Production, Which has Also Increased Amount of Pollutant Released, Ultimately Driving ESP Adoption
8.5.3 Consumer Chemical Manufacturers
8.5.3.1 Consumer Chemicals Manufacturing Involves Several Processes Including Blending, Mixing, Or Diluting Basic Chemicals, Which Generates Large Amount of Particulates, Boosting Growth of ESP Market
8.6 Others
8.6.1 Others End Users, Including Pulp and Paper, Mining, and Glass Industries, Releasing Pollutants Into Environment has Boosted Demand for ESP

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Coal- and Gas-Fired Power Plants Being Main Sources of Power Generation in the US has Contributed in Growth of ESP Market
9.2.2 Canada
9.2.2.1 Presence of A Large Number of Manufacturing Facilities and Tightening Particulate Emission Control Regulations By Government has Boosted Demand for ESP
9.2.3 Mexico
9.2.3.1 Country's Evolution as A Major Industrial Hub for Companies Drives Demand for ESP
9.3 Europe
9.3.1 Germany
9.3.1.1 Presence of Prominent Cement, Glass, and Chemical Companies is Expected to Boost Growth of ESP Market in Germany
9.3.2 The UK
9.3.2.1 Several Companies Establishing Manufacturing Units Here has Boosted Demand for ESP
9.3.3 France
9.3.3.1 Rising Environmental Concerns Among Manufacturers and French Government has Contributed to Growth in Demand for ESP
9.3.4 Rest of Europe
9.3.4.1 Large-Scale Industrialization Led to Increased Demand for ESP in Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Air Pollution Because of Dust Particles in Several Major Chinese Cities has Contributed to Growth in Demand for ESP
9.4.2 Japan
9.4.2.1 Presence of Prominent Pulp and Paper, Glass, and Chemical Manufacturing Companies is Boosting Demand for ESP
9.4.3 India
9.4.3.1 Deteriorating Air Quality in Indian Cities is A Major Factor for Adoption of ESP Here
9.4.4 Rest of APAC
9.4.4.1 Growing Industrialization has Increased Demand for ESP in These Countries
9.5 RoW
9.5.1 Mea
9.5.1.1 Growth of Industries, Such as Power & Electricity, Mining, and Metals, in MEA Drives Demand for ESP
9.5.2 South America
9.5.2.1 Rising Concerns Regarding Environmental Pollution and Growing Industrialization Have Boosted Adoption of ESP Here

10 Competitive Landscape
10.1 Introduction
10.2 Ranking Analysis of Electrostatic Precipitator Market Players
10.3 Competitive Scenario
10.3.1 Contracts
10.3.2 Expansions
10.3.3 Mergers/Acquisitions
10.3.4 Partnerships, Collaborations, and Joint Ventures

11 Company Profiles
11.1 Key Players
11.1.1 General Electric
11.1.2 Mitsubishi Hitachi Power Systems
11.1.3 Siemens
11.1.4 AMEC Foster Wheeler
11.1.5 Babcock & Wilcox
11.1.6 Thermax Global
11.1.7 Ducon Technologies
11.1.8 Fujian Longking
11.1.9 Hamon Group
11.1.10 Trion
11.2 Other Companies
11.2.1 KC Cottrell
11.2.2 Feida
11.2.3 Flsmidth
11.2.4 Sinoma-Tec
11.2.5 Bhel
11.2.6 Sumitomo Heavy Industries
11.2.7 Fuel Tech
11.2.8 IS Saveenergy
11.2.9 PPC Industries
11.2.10 Balcke-Durr

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