The latest study conducted by Global Market Insights Inc. claims that the global electrostatic precipitator market size  could exceed USD 15 billion by 2032. Growing adoption in mining and metal processing projects, and rising use across power plants to cut down so3 emissions will drive the business growth.

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Highlighting some of the major trends streamlining electrostatic precipitator industry growth through 2032

Opportunities created through air pollution control initiatives

Air pollution – a combination of both indoor and outdoor particulate matter, and ozone – today stands as a major risk factor for numerous leading causes of death across the planet, including stroke, heart disease, lung cancer, lower respiratory infections, chronic obstructive pulmonary disease, and diabetes among others. The UNECE estimates that air pollution is now the planet’s largest environmental health threat, causing more than 7 million deaths worldwide annually. Many government organizations are making efforts to bring down the disease burden of ailments exacerbated by air pollution. This is creating a strong product demand for electrostatic precipitators to cut down indoor and outdoor pollution.

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Increasing demand from the rapidly expanding mining industry

The escalating demand for minerals and rare earth metals has augmented mining activities across the globe. The growing sales of electric vehicles and consumer electronics is boosting the sale of rare earth metals that facilitate these technologies. As such, miners are increasing investments in lithium, copper, and nickel mining initiatives.

In fact, according to the U.S. Geological Survey, mines across the U.S. produced nonfuel mineral commodities worth more than $98.2 billion back in 2022, which is an estimated increase of $3.6 billion from the 2021 number of approximately $94.6 billion. The continued recovery of global markets from adverse effects of the coronavirus pandemic is largely driving the end-product consumption and mining projects by extension.

Miners and metals companies are also focusing on extracting value from the emerging sustainability trends. Strict emission and ecological conservation mandates are pressuring mining firms to decarbonise their operations, reduce their impact on the environment, and improve transparency. This is creating a high impetus for the utilization of electrostatic precipitators in mining to ensure worker safety and adhere to regulations.

Influx of growth potential from the APAC manufacturing sector

The Asia-Pacific is regarded a global manufacturing hub for the world, accounting for approximately 48% of the globe’s total output. However, the expansion of manufacturing capacities has brought its share of global warming-fueling emissions.

The industry, which consumes copious amounts of thermal power, energy, and water, in a major contributor of both waste as well as carbon emissions. In fact, the sector accounts for more than 40% of the greenhouse gas emissions in the Asia-Pacific. To stay within the allocated carbon budget and maintain global warming to the agreed-upon 1.5 degrees Celsius compared to pre-industrial revolution levels, the industry’s emissions have to drop by as much as 4% - 6% annually by 2030.

To commit to the pledge, government agencies in the region are passing corrective regulations that push manufacturing industry players to reduce their ecological impact, much similar to the mining sector. This is creating an ample demand for electrostatic precipitators.

All in all, the three trends discussed above hold the potential to consolidate strong revenue growth for the market over the coming years.

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