Global electrostatic precipitator market expected to surpass US $24 billion by 2019, says Technavio

This global market research segments the electrostatic precipitator market by technology (dry type and wet type), by end user (power generation, cement, mining, pulp and paper, and others), and by geography (Americas, APAC, and EMEA). Leading vendors analyzed in this market research are Alstom, Babcock & Wilcox, Balcke-Dürr, Mitsubishi Heavy Industries Mechatronics Systems, and Thermax.

Technavio’s market research analysts estimate the global electrostatic precipitator market to grow at a CAGR of around 10% between 2015 and 2019. Factors that can be attributed to this market’s growth are high efficiency of electrostatic precipitators, their low operational cost, and flexibility to work in a wide range of gas temperatures.

The new market research report from Technavio provides a breakdown and analysis of the electrostatic precipitator segments by technology.

“Power generation industry is the major end-user of electrostatic precipitators with a market share of around 70%. This is because coal power plants require electrostatic precipitators to remove ash particles from the flue gases. The upcoming coal power plants in APAC will create surge the demand for new electrostatic precipitators over the next four years,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.

Global electrostatic precipitator market by end-user

Source: Technavio Research

APAC dominates this market, occupying more than 70% of the total market share. Rapid industrial development and growing power demand are the key factors for this region’s growth. Huge demand for electrostatic precipitators comes from China, Japan, Korea, Taiwan, and Vietnam for a wide range of applications in industries, hotels, restaurants, universities, offices, homes, and research laboratories. China is the largest manufacturer and consumer of electrostatic precipitators worldwide. Also, the electrostatic precipitator market is expected to witness profound growth in this region with many new coal-fired plants to be constructed in the forecast period.

The leading vendors in the global electrostatic precipitator market are Alstom, Babcock & Wilcox, Balcke-Dürr, Mitsubishi Heavy Industries Mechatronics Systems, and Thermax. This market is characterized by the presence of well-diversified international, regional, and local vendors. The competitive environment in this market is envisaged to intensify with the rise in product extensions, technological innovations, and increase in M&A.