© 2016 Global Market Insights, Inc. USA. All Rights Reserved Electrostatic Precipitator Market share to reach $8bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Electrostatic Precipitator Market size will exceed USD 8 billion by 2024; driven by huge potential in power plants for reducing SO3 emissions. Electrostatic Precipitator Market  The global aim to control pollutant emissions occurring due to the rapid industrialization will tend to electrostatic precipitator market gaining considerable traction in the years to come. Leading providers of electrostatic precipitators are constantly attempting to improvise on the product offering to combat the rising carbon footprints in the atmosphere. For instance, recently GE Power India received a contract worth more than USD 2.37 billion from GE Power AG, to supply electrostatic precipitator components and CFB boiler of capacity 150 MW. Strict government directives imposed on industries to control the pollutant emission levels will act as a major driver for global electrostatic precipitator industry.  High consumer spending capacity in the emerging economies is likely to boost the growth of the construction and infrastructural sector in the region, which in turn will fuel electrostatic precipitator market. The high demand for uninterrupted power supply has led to the implementation of myriad power projects. However, the growing awareness regarding the harmful inhalation of Sulphur trioxide and other pollutants has also prompted power companies to look out for measures to control these emissions, which will drive electrostatic precipitator industry trends. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Developing economies such as India and China are powerhouses for the growth of the construction and industrial sectors. This in itself is a strong driver for APAC electrostatic precipitator industry. Speaking of APAC, China held 3% of the regional share in 2015 and is anticipated to grow significantly over the period of , primarily driven by the rising implementation of coal fired power plant projects. To fulfill the demand for power supply, China plans to increase its electricity manufacturing capacity by 19% over the coming five years, which will claim the establishment of more power plants. This in turn, will stimulate the demand for precipitators, thereby fueling China electrostatic precipitator market.  Chile has begun to endorse mining activities for the development of the regional metal industry, which prompts the usage of electrostatic precipitators to absorb dust particles and metal shrapnel. Having held a value of over USD 30 million in 2015, Chile electrostatic precipitator market is expected to grow steadily over  With a contribution of more than 60% toward the regional share to boast of, U.S. electrostatic precipitator industry is projected to observe a reasonable growth over the years. The key factors that will account for this growth include the existence of strong market players in the region and the high demand for renovation projects.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Prime participants of electrostatic precipitator industry include Fujian Longking Co., Ltd., Mitsubishi Heavy Industries Mechatronics Systems, Siemens AG, GEECO Enercon Pvt. Ltd, Total Air Pollution Control Pvt. Ltd., Blacke-Durr GmbH, Trion Inc., Babcock & Wilcox Enterprises, Ducon Technologies Inc., Clean Tunnel Air International AS, Thermax Ltd., and Hamon Corporation. These companies aim to efficiently control the rising pollution levels by improving the product standards.  The ever-rising requirement for petroleum products such as LPG, asphalt, and diesel will push electrostatic precipitator market from chemical & petrochemical applications, which contributed to 20% of the overall share in  With the governments across the globe working in tandem to eliminate harmful pollutant emissions, global electrostatic industry is bound to witness an upsurge. Constant efforts by market players to introduce efficient ESPs will also change the market dynamics over the coming seven years.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Electrostatic Precipitators (ESP) Market Size, by application (USD Million)

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