NEWS RELEASE SEPTEMBER 2014
The Asian Market for Electrostatic Precipitator (ESP) Systems, Repair Parts and Service Will Exceed $11 Billion In 2015
The Asian market for ESP repair and service will be $5.7 billion in 2014, whereas, the new systems market will exceed $5.6 billion. This is the conclusion in the latest update of Electrostatic Precipitator World Market published by the McIlvaine Company.
2015 Electrostatic Precipitator Sales Revenues ($ Millions) |
|||
Segment |
New Systems |
Repair and Upgrade |
Total |
World |
7,500 |
8,400 |
15,900 |
Africa |
200 |
130 |
330 |
America |
800 |
1,200 |
2,000 |
Asia |
5,600 |
5,770 |
11,370 |
Europe |
900 |
1,300 |
2,200 |
East Asia will be the largest market for new systems as well as for repair parts and service. The big question is whether China will continue to install precipitators on new coal-fired boilers. New Chinese particulate control regulations have led many observers to question whether electrostatic precipitators are capable of meeting these standards.
A worst case scenario would include retrofit of fabric filters to replace precipitators at existing plants. This is possible if enforcement efforts are strong and precipitator manufacturers are unable to improve the performance of their equipment.
India is also a difficult market to forecast. Particulate emission limits are not rigidly enforced. New coal-fired power plants will be equipped with precipitators. However, the expenditure is directly correlated to efficiency. A 99 percent efficient precipitator can cost fifty percent more than one obtaining 97 percent efficiency. Few existing plants would meet the emission levels enforced in the U.S and Europe.
In NAFTA and Western Europe, the new system market will be small compared to repair and service. The reason is that both regions have very large installed bases of precipitators but small markets for new coal-fired generators, steel mills and pulp/paper plants. Furthermore, new power plants in both these regions are more likely to be equipped with fabric filters than electrostatic precipitators.
For more information on Electrostatic Precipitator World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/111-n018