According to the recent research report titled ‘Global Electrostatic Precipitator Market: Analysis By System Type, By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Europe, APAC, ROW), By Country  available with Market Study Report, global electrostatic precipitator market is projected to expand with a year-over-year growth rate of 4.62% during 2018-2023.
 

The growth of global electrostatic precipitator market is credited to the surging demand for power along with increasing production & manufacturing activities across the globe. Various national governments and international organizations have enacted policies for environment protection to limit emission of carbon and other GHGs which is likely to influence the market size.
 

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Based on system type, global electrostatic precipitator market is divided into wet electrostatic precipitators and dry electrostatic precipitators. The dry electrostatic precipitators segment witnessed a considerable growth in the recent past. Speaking of application spectrum, the market is bifurcated into carbon black, petroleum, steel, cement, chemicals, power & electricity, and others. In the recent past, the power & electricity segment witnessed increased traction in terms of sales.
 

From a regional perspective, Asia Pacific held major market share of global electrostatic precipitator industry in the year 2018. Factors such as presence of production and manufacturing units of major contenders in regions like Vietnam, Singapore, South Korea, Japan, India, and China have positively impacted the market. In addition, government’s focus on complete electrification and increasing coal consumption in power generation units is adding momentum to the market growth.
 

Major players in global electrostatic precipitator market are Thermax Ltd, Siemens, Johnson Controls, Hitachi, GE Power, FLSmidth, Ducon Technologies, Babcock & Wilcox Enterprises Inc., Amec Foster Wheeler plc, and Hamon Group.