Europe Electrostatic Precipitator Market will Reach USD 1508.35 Million by 2030, Size, Share, Rising Trends and Opportunity Analysis

Data Bridge Market Research analyses that the Electrostatic Precipitator Market, valued at USD 1085.33 million in 2022, will reach USD 1508.35 million by 2030, growing at a CAGR of 4.2 % during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Electrostatic preceptors are expected to experience market growth through the rising health consciousness and population growth, particularly in urban areas. Such technology is anticipated to grow as a result of strict regulations to manage rising levels of air pollution and growing public awareness of health issues. Every year, market growth is anticipated to be favoured by this factor.  Massive industrialization and economic growth have made air pollution so bad that it needs to be addressed right away to stop the rise in carbon and GHG emissions. To prevent such a significant amount of specific matter from dispersing into the smoke and dusk, an effective and efficient system is required.

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Electrostatic Precipitator Market Drivers

• Rapid industrialization has fuelled market expansion

Rapid industrialization in both developing and developed economies and rising awareness of air quality management are driving the global market for electrostatic precipitators. The air quality is getting worse every day through the harmful emissions produced by the automotive, industrial manufacturing, power generation, and other industries. Utilizing electrostatic precipitators, which remove the impurities from air is the best option for lowering particulate matter from exhaust air and maintaining particulate matter within the environmental limits. Among the sectors significantly boosting the economy’s growth are those in public transportation, automobiles, and energy (power plants). These factors all raise the demand for electrostatic precipitators, accelerating growth.

Opportunities

• Increasing demand for electricity creates the need for electrostatic precipitator

The rapidly increasing global electricity demand has compelled the power generation industries to maximize their power generation capabilities. Factors such as the use of electrostatic precipitators frequently employed to remove soot and ash from exhaust gas in conventional sources-based power plants such as coal-fired and gas-based power plants have significantly increased. It is anticipated that this will open up new market sales opportunities.

Key players operating in the Europe Electrostatic Precipitator market include:

(FLSmidth (Denamark), Babcock and Wilcox Enterprises, Inc. (U.S.), John Wood Group PLC (U.K.), Sumitomo Heavy Industries, Ltd (Japan), Siemens (Germany), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), Alstom (France), Ducon (U.S.), TAPC (Australia), Trion (U.S.), ELEX AG (Switzerland), K+S Aktiengesellschaft (Germany), HAMON (U.S.))

Recent Developments

• In 2021, the mining and mineral processing division of ThyssenKrupp was agreed to be purchased by FLSmidth and ThyssenKrupp Industrial Solutions AG. The combination will create a global mining technology leader with operations from pit to plant, strengthening crucial client relationships with a complementary product line and clientele and providing more comprehensive geographic coverage. This acquisition has helped the business become more valuable in the local mining sector.
• In 2021, The Wet Electrostatic Precipitator (WESP), a novel technology for removing particulate matter and black smoke produced by passenger ships and other boats, will be unveiled by the Italian company Eco spray. To replace the Electrostatic Precipitator in the main kiln with a bag filter, improve the cooling system for the clinker cooler, and rebuild the bypass for the gas conditioning tower and dust transport system, Redecam successfully began project one line two at the cement plant of Lafarge Egypt in 2020.

Europe Electrostatic Precipitator Market Segmentations:

Design

• Plate
• Tubular

Type

• Dry ESP
• Wet ESP
• Plate Wire
• Flat Plate
• Tubular
• Two-stage

Offering

• Hardware and Software
• Services

Application

• Construction
• Mining
• Oil
• Chemicals
• Coal Fired Generation
• Electric Arc Furnaces
• Gas Turbines
• Solid-Waste Incinerator
• Industrial Powers
• Others

End User

• Power Generation Industry
• Cement
• Manufacturing
• Marine
• Metals Processing and Mining
• Chemicals and Petrochemicals
• Pulp and paper mills
• Steel plant
• Thermal power plant
• Petroleum industry
• others

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Electrostatic Precipitator Market Regional Analysis/Insights

The countries covered in the electrostatic precipitator market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe

Germany dominates the market and will continue to flourish its trend of dominance during the forecast period. The significant factors attributable to the dominance are stringent government regulations to control air pollution.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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• Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
• A complete picture of the competitive scenario of the Europe Electrostatic Precipitator market is depicted by this report.
• The wide range of research on how these innovations may affect market expansion in the future.
• The report’s findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
• The potential, threats, and difficulties in the Europe Electrostatic Precipitator market, as well as the factors driving and restraining it, are discussed at length.
• It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
• This study provides a number of strategic business approaches to assist you in making educated business decisions.

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