Asia Pacific Flue Gas Desulfurization (FGD) Market to Witness Significant Growth until 2025
Increasing demand for electricity coupled with the dependence
on coal for energy generation to drive the growth of Asia Pacific flue gas
desulfurization market
According
to TechSci Research report, “Asia
Pacific Flue
Gas Desulfurization Market By Type (Dry FGD System, Semi-dry FGD System,
Wet FGD System), By Installation (Greenfield, Brownfield), By End User (Power
generation, Chemical, Iron & Steel Industry, Cement Manufacturing, Others),
By Country, Forecast & Opportunities, 2025”, the Asia Pacific flue gas desulfurization (FGD) market is
expected to grow at a steady rate during the forecast period on account of the rapid
industrialization in the region. Additionally, increasing prevalence of
airborne diseases, implementation of environmental laws and regulations, and
growing concerns over environmental pollution are further expected to propel
the market during forecast period. Furthermore, growing demand for electricity
has led to the increasing investments by the major players and governments in
the region on thermal power generation capacity, which is positively impacting
the growth of market in the region. Also, the increasing number of refinery
projects in the region are further bolstering the growth of market. However,
presence
of desulfurization methods during combustion process is likely to hamper the
growth of the market during forecast period. Additionally, emergence of renewable
and cleaner forms of energy is further expected to restrict the growth of
market through 2025. Furthermore, FGD process requires high energy for operations
which is almost about 2% of the total energy produced by a power plant. Moreover,
high maintenance costs due to the presence of different reagents to treat
emission of sulfur content is a key market challenge. The market is also constrained by the availability of
alternative methods of flue gas treatment methods such as fluidized bed
combustion and THIOPAQ.
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The Asia Pacific flue gas desulfurization (FGD) market is segmented
based on type, installation, end user, country and company. Based on type, the
market can be categorized into dry FGD system, semi-dry FGD system and wet FGD
system. The dry FGD system is expected to witness significant growth during
forecast period owing to their simpler waste disposal processes and compact
design. Additionally, this is cost effective and can be easily installed. Based
on end user, the market can be categorized into power generation, chemical,
iron & steel industry, cement manufacturing and others. The power
generation segment is expected to dominate the market since most of the
emerging economies in the region are still dependent on coal for electricity
generation. For instance, China has the largest number of proposed power plants
which increases the SOx emission levels in the country.
Mitsubishi Heavy Industries, Thermax
Limited, Ducon Technology Inc., General Electric Company, Siemens AG, Babcock
& Wilcox Enterprises Inc., Clyde Bergemann Power Group, Inc, FLSmidth &
Co. A/S, E I DuPont India Pvt Ltd, CECO Environmental India Private Limited and
others are some of the leading players operating in Asia
Pacific flue gas desulfurization (FGD) market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“The flue
gas desulfurization (FGD) market in Asia Pacific is expected to witness substantial
growth during the forecast period on account of growing industrial sectors such
as cement and metal smelting in countries like India and China and alarming
levels of pollution in the region. Additionally, stringent government
regulations and growing presence of coal-fired power plants in the region are
further expected to propel the market during forecast years. Additionally,
increasing investments by the major players in the region are further expected
to spur the growth of market until 2025.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
“Asia Pacific Flue Gas Desulfurization Market By
Type (Dry FGD System, Semi-dry FGD System, Wet FGD System), By Installation
(Greenfield, Brownfield), By End User (Power generation, Chemical, Iron &
Steel Industry, Cement Manufacturing, Others), By Country, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of Asia Pacific flue gas desulfurization (FGD)
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Asia Pacific flue gas
desulfurization (FGD) market.
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