November 11, 2019
According to the latest study titled ‘Global Electrostatic Precipitator Market: Analysis By System Type (Dry Electrostatic Precipitator, Wet Electrostatic Precipitator), By Application (Power and Electricity, Chemicals, Cement, Steel, Petroleum, Carbon Black, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Europe, APAC, ROW), By Country (US, Mexico, Canada, Brazil, UK, Germany, France, Italy, China, Japan, India, South Korea, Indonesia)’ available with Market Study Report LLC, the global electrostatic precipitator market is estimated to grow with a CAGR of 4.62% through 2023.
Surging need for electric power worldwide, coupled with growing manufacturing and production processes has propelled the growth of electrostatic precipitator (ESP) market. Additionally, the market is expected to witness growth at a substantial rate due to federal regulations across various nations restricting greenhouse gas and carbon emissions in industries, which is encouraging the manufacturers to install electrostatic precipitators, thereby boosting the equipment demand.
As per system type, electrostatic precipitator market is segmented into dry electrostatic precipitators and wet electrostatic precipitators, in which, dry electrostatic precipitators segment is projected to witness significant growth over the forecasted period.
Based on application spectrum, ESP market is divided into power & electricity, cement, steel, chemicals, petroleum, carbon black, and others. As per the report, power & electricity application segment is expected to register substantial growth through the projected timeline.
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