Research and Markets: Global Electrostatic Precipitator Market 2014-2018: Growing Popularity of Fabric Filters over Electrostatic Precipitators
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gl77qp/global) has announced the addition of the "Global Electrostatic Precipitator Market 2014-2018" report to their offering.
The analysts forecast the Global Electrostatic Precipitator market to grow at a CAGR of 9.42 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in government policies to reduce the emissions associated with coal-fired power generation. The Global Electrostatic Precipitator market has also been witnessing the shift towards developing advanced technology, monitoring systems, and increased investment on R&D activities. However, the growing popularity of fabric filters over electrostatic precipitators could pose a challenge to the growth of this market.
The key vendors dominating this market space are Alstom SA, Blacke-Durr GmbH, The Babcock & Wilcox Co., and Trion Inc.
Other vendors mentioned in the report are Clean Tunnel Air International AS, Siemens AG, and Total Air Pollution Control Pty Ltd.
Commenting on the report, an analyst from the team said: Since the Global Electrostatic Precipitator market is highly competitive, manufacturers are providing new and innovative solutions and exploring new application areas for the existing range of products to stay ahead of the competition. Moreover, growing environmental and health concerns have led vendors to focus on the development of products that have higher efficiency and lower power consumption. There is increased expenditure in the market on the R&D of new products and services. More research is being undertaken on upgrading and optimizing the performance of electrostatic precipitators used in different industries.
According to the report, the growth of the Global Electrostatic Precipitator market is driven by several factors, the most important of which is the increase in demand from the APAC region. The growth of the market in this region is positively influenced by government policies to reduce the emissions associated with coal-fired power generation.
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