An electrostatic precipitator (ESP) refers to a filtration device that aids in removing harmful particles by using electrostatic induction. Some of the common product variants include dry ESP and wet ESP. These devices offer numerous advantages over the conventional industrial filters, including higher efficiency in pollutant removal, collection of wet impurities, lower operating and maintenance costs, better durability, etc. As a result, electrostatic precipitators are widely installed across diverse industries, such as power generation, metal processing, mining, marine, chemicals, etc.
The rising environmental concerns towards the high emissions of various air pollutants, including NOx, SO2, dust particles, acid mists, etc., are primarily driving the market for electrostatic precipitators. Furthermore, the implementation of stringent regulations by the various government bodies for improving and maintaining the air quality is also propelling the market growth. In line with this, the increasing penetration of Industry 4.0 trends along with the introduction of various green policies for mitigating industrial hazards is further bolstering the demand for electrostatic precipitators.
Moreover, several regulatory bodies are also launching labor safety standards for protecting the workforce against harmful emissions of chemical gases and fumes from industrial activities, thereby augmenting the market growth. Apart from this, the continuous upgradation of conventional filtration devices with advanced electrostatic precipitators as an essential pollution control equipment across diverse industries is also catalyzing the market growth. Additionally, the rising integration of remote sensing technologies with electrostatic precipitators to install pollution control units in remote areas is further propelling the market growth. In the coming years, the increasing investments in extensive R&D activities for introducing energy-efficient product variants will continue to drive the market growth for electrostatic precipitators.
The competitive landscape of the industry includes the key players being Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, ELEX AG, Fujian Longking Co. Ltd., FLsmidth & Co. A/S, Hamon & Cie international SA, John Wood Group PLC, Mitsubishi Hitachi Power Systems Ltd. (Mitsubishi Heavy Industries), Siemens Aktiengesellschaft and Thermax Limited (RDA Holdings Private Limited).
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Global Information, Inc. (JASDAQ 4171)
Toll Free (US): +1-866-353-3335
Outside US: +1-860-674-8796
Europe (Belgium): +32-2-535-7543