Growing Global Electrostatic Precipitators Market
Online PR News – 21-December-2010 – – The increasing demand for electricity, owing to the growing population and economic development worldwide is the most important factor for the growth of the global ESP market. Thermal power is the dominant source of energy in the world, and although its share is expected to decrease in future, it will still remain as one of the most important sources of power. With many new coal fired plants scheduled to come online in the near future, the ESP market is expected to grow and experience increased activity.
The global financial crisis in late 2008, did not help matters and the growth of the market suffered a substantial blow. The financial crisis led to a liquidity crunch in most parts of the world and a loss of confidence amongst investors. This also affected the growth of the ESP market which suffered considerably. Currently, the ESP market has shown signs of picking up, with markets all over the world,slowly but gradually stabilizing. The growth is mainly driven by countries in the Asia-Pacific region.
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The ESP market is completely dominated by dry ESPs. Wet ESPs had just a marginal share in the overall ESP market in terms of revenues. The wet type of precipitators is mostly used for industrial purposes,rather than in utility/power plants. The dry ESPs enjoyed more than 90% share of revenues, in terms of installations being made in power plants, in almost all major countries. However, they were a few installations of wet ESP done in the power plants in the country.
The global ESP market is characterized by stiff competition among the top global players. The equipment requires huge investments, expertise in manufacturing and also a substantial brand name to be able to market the equipment and stay on top of the competition. This requires substantial financial strength and hence the market is mostly dominated mostly by the global organizations. With the regular contracts in the
ESP business being particularly hard to get, the smaller organization have found it difficult to operate in the market.
GlobalData's power offering "Electrostatic Precipitator (ESP) for Thermal Power Plants – Global Market Size, Equipment Market Share and Competitive Landscape Analysis to 2020" gives detailed information on the global ESP market and provides growth projections for both wet and dry ESP up to 2020. The research also analyzes trends in the global ESP market and also detailed analysis for the leading countries in the ESP business. This coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market’s competitive scenario.
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