According to a report ,“Electrostatic Precipitator Market Size, Share & Trends Analysis Report by Technology (Dry, Wet), By Application (Chemical, Metal, Power Generation, Manufacturing, Cement), And Segment Forecasts, 2018 – 2025″ published by Grand View Research, Inc., The global electrostatic precipitator market size is projected to be valued at USD 14.97 billion by 2025. It is anticipated to expand at a CAGR of 3.3% over the forecast period. Rising consumer awareness, inclination towards healthy lifestyle, and rise in air pollution are expected to drive the market growth.
Key Takeaways from the report:
The U.S. electrostatic precipitator market revenue is projected to expand at a 2.2% CAGR over the forecast period owing to stringent governmental policies along with rise in demand for air pollution control equipment
U.K., in terms of revenue, is projected to register a 1.8% CAGR over the forecast period
Growth in the India market can be attributed to rapid pace of industrialization, rising air pollution levels, and evolving regulatory framework.
Rising adoption of air pollution control equipment, coupled with stringent government regulations, is expected to boost the global electrostatic precipitator market by 2025. Industrialization of energy and manufacturing industries is predicted to further enhance business growth over the forecast period.
Browse More Reports in power generation and storage Industry:
- Refrigerant Market: Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving refrigerant market growth.
- Power Plant Boiler Market: Rising demand for electricity is expected to propel the Power Plant Boiler Market growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050.
Increasing investments and technological advancements are expected to encourage expansion of the market for electrostatic precipitator in the forthcoming years. Critical air pollution level caused by vehicles and industries coupled with high demand for pollution controlling equipment in developing countries such as India and China are anticipated to spur market growth over the forecast period.
The power generation segment is expected to expand at a CAGR of 4.2% over the forecast period. High dependency on electricity in automotive backed up with industrial automation is expected to boosts demand for power generation application in near future. Power generation industry has witnessed drastic change in processes as majority of the industrial players opted for renewable energy sources such as wind, natural gas, solar etc.
In terms of technology, the dry type electrostatic precipitator was valued at USD 9.66 billion in 2017 and is predicted to witness robust growth over the forecast period. High adoption coupled with government policies and regulations is projected to encourage market growth over the forecast period.
Grand View Research has segmented the global electrostatic precipitator market on the basis of technology, application, and region:
Electrostatic Precipitator Technology Outlook (Revenue, USD Million, 2014 – 2025)
Electrostatic Precipitator ApplicationOutlook (Revenue, USD Million, 2014 – 2025)
- Power Generation
Electrostatic Precipitator Regional Outlook (Revenue, USD Million, 2014 – 2025)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco