Electrostatic Precipitator Market Worth $7.0 Billion by 2023 - Exclusive Report by MarketsandMarkets
The electrostatic precipitator market in RoW to grow at the highest CAGR during the forecast period .
Northbrook, IL -- (SBWire) -- 12/07/2018 --According to the new research report "Electrostatic Precipitator Market by Type (Dry Electrostatic Precipitator and Wet Electrostatic Precipitator), Vertical (Power & Electricity, Metals, Cement, Chemicals), Offering, and Geography - Global Forecast 2018 to 2023", published by MarketsandMarkets™, the overall Electrostatic Precipitator Market is expected to grow from USD 5.8 billion in 2018 to USD 7.0 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 the key factors driving the growth of this market.
Don't miss out on business opportunities in Electrostatic Precipitator Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow:
Dry ESP type is expected to gain a significant share of the electrostatic precipitator market by 2023
The dry ESP type accounts for the largest share of the electrostatic precipitator market. Its dominance in the market, in terms of size, can be attributed to its ability to withstand high temperatures and high particulate volumes, cost-effectiveness, and low electricity consumption, which makes it ideal for installations in thermal power & electricity, cement, glass manufacturing, pulp & paper, and metals processing plants. Additional benefits in terms of cost-effectiveness and low electricity consumption resulting in lower operational cost have led to high adoption of dry ESPs.
Browse in-depth TOC on "Electrostatic Precipitator Market"
67 - Tables
60 - Figures
151 - Pages
Electrostatic precipitator market for "others" end-user category to grow at the highest CAGR from 2018 to 2023
The market for "others" end-user category is expected to grow at the highest CAGR from 2018 to 2023. High volume of pollutant released into the environment by pulp and paper, glass, and mining companies has resulted in higher adoption of electrostatic precipitators in the "others" category. Over the years, several prominent market players have delivered electrostatic precipitators for these end users. For instance, in November 2017, General Electric (US) delivered an electrostatic precipitator to replace an old air filtration system at a copper mine in Australia.
Ask for PDF @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50531915
The electrostatic precipitator market in RoW to grow at the highest CAGR during the forecast period
The electrostatic precipitator market in RoW is expected to grow at the highest CAGR during the forecast period. Investments toward installing electrostatic precipitators in various end-use industries, such as power & electricity, steel, and chemicals, are increasing, which is expected to create opportunities for the growth of the electrostatic precipitator market. Several companies have received contracts to install electrostatic precipitators. For instance, in June 2017, General Electric (US) received a contract to modernize 2 Turkish coal power plants, which involved delivering electrostatic precipitator under its Fleet360 solution.
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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Media Relations Contact
Mr. Shelly Singh
View this press release online at: http://rwire.com/1097855