Global Electrostatic Precipitator Market is expected to grow with the CAGR of 4.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global electrostatic precipitator market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global electrostatic precipitator market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance In January 2020, Beltran Technologies, Inc. launched development of wet electrostatic precipitators for wet scrubber flue gas desulfurization. This technology will reduce sulfuric acid and particulate emissions and will be essential to control the final stack opacity.
GENERAL ELECTRIC is the dominating player in global electrostatic precipitator market. The other key players existing in the market includes Mitsubishi Hitachi Power Systems, Ltd., John Wood Group PLC, GEA Group Aktiengesellschaft, Sumitomo Heavy Industries, Ltd., Fujian Longking Co., Ltd., FLSmidth, Siemens, Babcock & Wilcox Enterprises, Inc., SEI-Group, KC Cottrell, Balcke-Dürr GmbH, ELEX AG, S.A. HAMON, Beltran Technologies, Inc., Thermax Global, BHEL, AirPol, Feida India Private Limited and ECP Group Oy.
GENERAL ELECTRIC
GENERAL ELECTRIC, headquartered in Boston, United States which was founded in 1892. The company is engaged in in manufacturing and providing equipment and solutions. Company operates in power, renewable energy, aviation, oil & gas, healthcare, transportation, lighting, capital segments of which power is market focused segment. Also, company provides Particulate control fabric filters, particulate control, dry flue gas desulfurization (DFGD), wet flue gas desulfurization (WFGD), selective catalytic reduction (SCR), mercury, VOC, zero liquid discharge, smart line solutions, waste heat recovery out of which Particulate Control is market focused product categories.
- For instance, In November 2017, GENERAL ELECTRIC was contracted by Australian copper mine to replace the other ESP with their new ESP which is inbuilt with Switched Integrated Rectifier (high-frequency power-supply unit); this contract helped company to gain market share and reduce competitors’ share in the market.
The company has wide global presence across the globe such as Australia, Europe, Latin America, Middle East, North America, Northern Asia and Southeast Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as GE Healthcare, GE Aviation, GE Capital, GE Digital, Nuovo Pignone S.P.A and others.
Mitsubishi Hitachi Power Systems, Ltd.
Mitsubishi Hitachi Power Systems, Ltd. is headquartered in Kanagawa, Japan and it was founded in year 2014. The company is engaged in designing, manufacturing and development of power generation systems and environmental technology. The company offers wide range of product categories such as GTCC, steam power, IGC, geothermal, gas Turbines, steam turbines, boilers, air quality control systems, generators, control systems, fuel cells and others in which air quality control system is market focused category.
- For instance, In February 2020, Mitsubishi Hitachi Power Systems, Ltd. agreed on third long-term maintenance agreement (LTMA) with BLCP Power Limited (BLCP), an independent power producer (IPP) in Thailand. This agreement will increase the sales of the company and will increase the customer base of the company. This agreement also reduces business risks for the company.
The company has presence in Japan, Europe, Middle East, Africa, Asia, America with its various subsidiaries such as Mitsubishi Hitachi Power Systems Industries Co., Ltd, Mitsubishi Hitachi Power Systems Americas, Inc., Mitsubishi Hitachi Power Systems Europe GmbH, Mechanical Dynamics & Analysis, Ltd and others.
John Wood Group PLC
John Wood Group PLC is headquartered in Aberdeen, U.K which was founded in 1912. The company is engaged in providing asset life cycle solutions for oil & gas, environment, power & process, infrastructure, mining, clean energy, nuclear and other industrial sectors. The company has business segments which are asset solutions EAAA, asset solutions Americas, specialist technical solutions, environment & infrastructure solutions and investment services of which environment & infrastructure solutions is market focused segments.
The company has wide global presence in North America, Europe, Asia- pacific, Caspian, Middle East, Latin America, and Africa.
