MarketsandMarkets’ research report – “Electrostatic Precipitator Market by Type, Vertical, Offering, and Geography - Global Forecast 2018 to 2023” – sees this market growing from $5.8 billion in 2018 to $7 billion by 2023, at a CAGR of 3.97%. Tightening air pollution control regulations, growth in coal-fired power plants, and growing environmental concerns are believed to be key factors driving the growth of this market.
- Dry ESP type is expected to gain a significant share of the electrostatic precipitator market by 2023
- Electrostatic precipitator market for “others" end-user category to grow at the highest CAGR from 2018 to 2023
- The electrostatic precipitator market in RoW to grow at the highest CAGR during the forecast period
- Key players in the market include General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Siemens (Germany), Amec Foster Wheeler (UK), Babcock & Wilcox (US), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US). These players are increasingly undertaking contracts and expansions to increase their market shares.
Need more details? Checkout the “Electrostatic Precipitator Market” report.