The global electrostatic precipitator market size
is projected to be valued at USD 14.97 billion by 2025, according to a new
report by Grand View Research, Inc. 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.
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.
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.
Access Research Report
of Electrostatic Precipitator Market @ https://www.grandviewresearch.com/industry-analysis/electrostatic-precipitator-market
Further key findings from the report suggest:
· 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.
Related Report by Grand View Research at: https://www.grandviewresearch.com/industry-analysis/hydrogen-storage-market
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)
·
Dry
·
Wet
Electrostatic Precipitator ApplicationOutlook (Revenue,
USD Million, 2014 - 2025)
·
Chemical
·
Metal
·
Power Generation
·
Cement
·
Manufacturing
·
Other
Electrostatic Precipitator Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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