Kenneth Research, in its repository of market research reports, has recently added a report on Electrostatic Precipitator Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Electrostatic Precipitator Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Electrostatic Precipitator Market products.
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A report on Electrostatic Precipitator Markethas been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Electrostatic Precipitator Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. . The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
The report analyses the Electrostatic Precipitator Market By Region (North America, Europe, Asia Pacific, ROW) and By Country (US, Mexico, Canada, Brazil, UK, Germany, France, Italy, China, Japan, India, South Korea, Indonesia) for the historical period of 2013-2017 and the forecast period of 2018-2023.
According to Analytics research report “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)” global electrostatic precipitator market is projected to display a robust growth represented by a CAGR of 4.62% during 2018 – 2023.
Dry Electrostatic Precipitators and Power & Electricity witnessed growth at a noteworthy rate over the past few years in their respective segments. Electrostatic Precipitator Market is anticipated to experience remarkable growth in the forecast period due to growing production and manufacturing activities coupled with growing demand for power globally. During 2018-23, Electrostatic Precipitators Market is anticipated to grow at an appreciable rate as government in major economies and international organizations implementing environment protection policies in order to confine the carbon and other GHGs emission from industry supported by escalating investment by manufacturers in ESPs so as to comply with the government rules and regulations.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Amongst the regions, Asia Pacific accounts for the largest regional share in the Global Electrostatic Precipitators market in 2018. Key factors driving the robust growth rate in Asia Pacific region include developing economy and leading global industries establishing their manufacturing and production units in countries such as China, India, Japan, South Korea, Singapore, Vietnam, clubbed with enhanced focus of government in major countries on complete electrification and growing consumption of coal in power generation units.
The report 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)” has covered and analysed the potential of Global Electrostatic Precipitators Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Electrostatic Precipitators market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Electrostatic Precipitator Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
- Electrostatic Precipitators Market – Sizing, Growth, Forecast
- Analysis By System Type/ – Dry Electrostatic Precipitators, Wet Electrostatic Precipitators
- Analysis By Application – Power and Electricity, Chemicals, Cement, Steel, Petroleum, Carbon Black, Others
Regional Markets – North America, Europe, APAC, and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
- Electrostatic Precipitators Market – Sizing, Growth, Forecast
- Analysis By System Type/ – Dry Electrostatic Precipitators, Wet Electrostatic Precipitators
- Analysis By Application – Power and Electricity, Chemicals, Cement, Steel, Petroleum, Carbon Black, Others
Country Analysis – US, Mexico, Canada, Brazil, UK, Germany, France, Italy, China, Japan, India, South Korea, Indonesia (Actual Period: 2013-2017, Forecast Period: 2018-2023)
- Electrostatic Precipitators Market – Sizing, Growth, Forecast
- Analysis By System Type/ – Dry Electrostatic Precipitators, Wet Electrostatic Precipitators
- Analysis By Application – Power and Electricity, Chemicals, Cement, Steel, Petroleum, Carbon Black, Others
Other Report Highlights
- Market Dynamics – Drivers and Restraints
- Market Trends
- SWOT Analysis
- Company Analysis – Hamon Group, Amec Foster Wheeler, Babcock & Wilcox, Ducon Technologies, FLSmidth, GE Power, Hitachi, Johnson Controls, Siemens, Thermax Ltd
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research
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