The Global Wet Electrostatic Precipitator (Wesp) Market is projected to grow from USD 1.02 Billion in 2017 to USD X.XX Billion by 2030, at a CAGR of 4.5% from 2017 to 2030.
A wet electrostatic precipitator (WESP) is a type of particle collector that separates particles from a gas stream using an electric field. The WESP works by spraying a gas stream into a chamber and ionising it using an electrode. Positively charged ions are subsequently drawn to negatively charged electrodes, leaving particles in the gas stream. This process is repeated until all of the particles have accumulated on the electrodes, which may then be removed from the chamber. WESPs are employed in several industries, including power generating, chemical processing, and food processing.
In terms of revenue share, the energy sector dominated the global market in 2014. The increasing demand for electricity from numerous industrial sectors such as oil and gas, cement, food and beverage, and pulp and paper is contributed to the expansion of this application. Additionally, increased urbanisation combined with an increasing population would raise demand for power, propelling industry growth over the projection period.
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WESP is a highly efficient air pollution control technology that removes fine particulate matter and acid mists from gas streams through electrostatic forces. WESP technology utilizes water or other liquid droplets to capture the particulate matter, after which an electric field charges the droplets, causing them to attract and stick to oppositely charged collection surfaces.
The expansion can be ascribed to rising demand for energy, chemical and material applications, and machinery and equipment. China accounted for over 60% of regional demand due to its massive manufacturing sector and rapid industrialisation, with India accounting for around 20% due to its rising manufacturing industry. The North American area is expected to increase moderately during the projected period because to rising environmental concerns and tight government regulations governing electrostatic precipitators discharge water quality standards. T
Major Prominent Key Players of Wet Electrostatic Precipitator (Wesp) Market
Babcock and Wilcox
Hamon
Trion
GE Steam Power
FLSmidth
Elex
Balcke-Durr
PPC
Hitachi
Sumitomo
Global Wet Electrostatic Precipitator (Wesp) Market: By Types
Cross-flow Type WESP
Vertical-flow Type WESP
Global Wet Electrostatic Precipitator (Wesp) Market: By Applications
Energy
Chemical and Material
Machinery and Equipment
Global Wet Electrostatic Precipitator (Wesp) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Wet Electrostatic Precipitator (Wesp) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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