Electrostatic Precipitator Market revenue will hit $8 billion by 2024

Europe electrostatic precipitator market will witness significant growth on account of increasing investments across the chemicals and petrochemicals industry coupled with favorable regulatory framework.

Sellbyville, United States – December 18, 2018 /MarketersMedia/ —

China electrostatic precipitator market will witness growth on account of various emission control measures and tax burdens imposed by the state and the central government. In addition, increasing focus toward restraining air borne related health issues will create new opportunities for the ESP industry . In January 2018, China implemented the environmental protection tax that includes a bundle of policies aimed at limiting pollution.

Global Electrostatic Precipitator Market will USD 8 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Rising concerns pertaining to limit Sulphur and NOx emissions complemented by increasing stringency of international air emission standards will propel the electrostatic precipitator market growth. Upgradation and replacement of the existing ESPs on account of growing demand from the construction and power sector will further drive the industry landscape.

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The U.S. market will witness a steady growth on account of favorable government regulations pertaining to limit industrial air pollution. Increasing demand for precious metals along with abundance of mineral resources will further accelerate the mining activities, thus increasing the product adoption.

Dry electrostatic precipitator market will grow on account of its ability to provide improved collection efficiency through integration with acid gas scrubbers and wet ESP’s. High filtration efficiency and limited capital cost are some of the underlying features increasing the product deployment. Furthermore, operating efficiency over extensive range of exhaust temperatures will increase the product penetration.

Rising policy adoptions to limit the carbon footprint complemented by implementation of specific engine design standards will drive the marine ESP industry. IMO approved initial emission control strategy in April 2018, with an aim to limit overall annual greenhouse gas emission level by 50% by 2050 as compared to the 2008 levels.

Robust spending toward refurbishment and construction activities will increase the ESP deployment across the cement industry. In addition, introduction of various large scale infrastructural projects will accelerate the electrostatic precipitator market. According to the IEA, in 2017, cement remained the second largest industrial emission generating sector, accounting for around 6% of the emission globally.

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Notable industry players operating across the global market include Siemens, Ducon Technologies, GEECO Enercon, Mitsubishi Heavy Industries, Sumitomo, Fujian Longking, Trion, Babcock & Wilcox, Thermax, Blacke-Durr, Cottrell, Mechatronics Systems, Total Air Pollution Control amongst others.

Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/electrostatic-precipitator-market

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Release ID: 461456