Chan Ye Xin Xi Wang·2025-12-12 01:21Core Insights - The Chinese electrostatic precipitator (ESP) industry is currently undergoing a critical phase of technological upgrades and market structure optimization, with a projected market size of approximately 23.6 billion yuan in 2024, representing a year-on-year growth of 8.26% [1][6]. Industry Overview - Electrostatic precipitators are industrial devices that purify dust particles from gases using high-voltage electric fields, effectively capturing particles ranging from 0.01 to 50 micrometers [2][3]. - The industry is characterized by two main types of ESPs: plate-type and tubular-type, each with distinct structural forms, applicable scenarios, and performance characteristics [3]. Market Size - The market for electrostatic precipitators in China is expected to reach about 23.6 billion yuan in 2024, with an annual growth rate of 8.26% [1][6]. - Traditional ESPs have limited efficiency in capturing fine particulate matter, particularly PM2.5, prompting innovative solutions such as the use of dielectric materials with a textured structure and low-frequency bipolar power supplies [1][6]. Key Companies' Performance - Leading companies like Longking Environmental Protection and Fida Environmental Protection dominate the market, leveraging their full industry chain advantages to capture significant market shares in the power and steel sectors [7]. - Fida Environmental Protection reported a revenue of 2.544 billion yuan in the first three quarters of 2025, marking a 14.40% increase year-on-year, with a net profit of 204 million yuan, up 21.10% [7]. - Baoneng New Energy achieved a revenue of 6.754 billion yuan in the same period, reflecting a 10.61% growth, with a net profit of 821 million yuan, increasing by 38.62% [7]. Industry Development Trends 1. Technological Innovation: The industry is moving towards smart and low-carbon solutions, integrating IoT, big data, and AI for real-time monitoring and adaptive regulation, which reduces operational costs [8]. 2. Expansion of Application Scenarios: Non-electric industries such as steel, cement, and waste incineration are expected to drive demand growth for ESPs, supported by carbon control policies [8]. 3. Global Market Expansion: Chinese ESP companies are accelerating their global presence and standard output, with leading firms establishing projects in over 40 countries and contributing to international standards [9][10].