Electrostatic Precipitator Market Updates

Global Electrostatic Precipitator Market size was valued at USD 6.91 billion in 2023 and is poised to grow from USD 7.2 billion in 2024 to USD 10.01 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032). 

Major players include- Siemens AG, General Electric, Babcock & Wilcox, and Ducon Technologies. These key manufacturers are focusing more on product developments to secure their market share. They are investing in R&D for new technological innovation and new designs. 'General Electric (GE) (USA) ', 'Siemens AG (Germany) ', 'Mitsubishi Heavy Industries (Japan) ', 'FLSmidth & Co. A/S (Denmark) ', 'Babcock & Wilcox Enterprises, Inc. (USA) ', 'Thermax Limited (India) ', 'Hamon Group (Belgium) ', 'Ducon Technologies Inc. (USA) ', 'Durr AG (Germany) ', 'Valmet Oyj (Finland) ', 'GEA Group AG (Germany) ', 'Wood Plc (United Kingdom) ', 'Alstom SA (France) ', 'Hitachi Ltd. (Japan) ', 'Sumitomo Heavy Industries, Ltd. (Japan) ', 'KC Cottrell Co., Ltd. (South Korea) ', 'Foster Wheeler AG (Switzerland) ', 'ELEX AG (Switzerland) ', 'Trion, Inc. (USA) ', 'Fuel Tech, Inc. (USA) '

Due to the implementation of an act by the Environment Protection Agency (EPA) to maintain the quality of clean air, all industries are mandated to install electrostatic precipitators. Due to rapid industrialization, there is a significant increase in air pollution in urban areas. There is an increasing need to control air pollution due to several health-related issues that are caused due to bad air. The emission of harmful gasses from industries needs to be controlled due to which the demand for electrostatic precipitators will increase.

Hybrid electrostatic precipitators (HESPs) combine two or more types of dust collection methods, such as wet scrubbing and electrostatic precipitation, to achieve higher removal efficiency. HESPs are becoming increasingly popular as they offer improved performance over traditional ESPs.

Asia Pacific holds the maximum Global Electrostatic Precipitator Market share due to rapid industrialization and an uptick in economic performance in developing countries of the regions like India, Bangladesh, and China. To tackle the excess of air pollution in the country government is making mandatory rules to install electrostatic precipitators in a maximum of industries. Due to air pollution, China saw 1.58 million deaths and the number of deaths caused due to air pollution is equal to the number of deaths due to all other reasons.