Asia Pacific Flue Gas Desulfurization System Market, By Type (Dry FGD, Wet FGD), By Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others), By Installation (Greenfield, Brownfield), By Country, Competition, Forecast and Opportunities, 2028F

  • Industry : Oil and Gas
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  • Published Date : NA
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Summary

Report Description

Asia Pacific Flue Gas Desulfurization System market is growing, owing to increasing demand for online gaming. The Asia Pacific market for flue desulfurization systems is projected to be driven by the rising popularity of FGD in the cement and chemical production industries. Currently, flue gas desulfurization is more in demand because governments all around the world have become more aware of the importance of ecological balance and global warming. Industry participants are working to diversify their product offerings in an effort to effectively remove gases from industrial facilities. Hence, the market for Asia Pacific flue gas desulfurization systems is anticipated to grow throughout the projected period.

The adoption of flue gas desulfurization for removing SO2 from gases, air pollution regulations, and the rise in demand for FGD from the manufacturing, cement, iron and steel, power generation, and chemical industries, are likely to be the key factors driving the Asia Pacific flue gas desulfurization system market.

Flue gas desulfurization systems are used to remove sulphur dioxide (SO2) from gases produced by the combustion of fossil fuels, such as coal, oil, tyres from cars, municipal solid waste, and a number of other industrial processes, such as the production of cement, glass, paper, iron, steel, and copper.

Increased Attention on Reducing Air Pollution

The air quality across Asia is deteriorating due to increasing number of industries and urbanization. According to the World Health Organisation (WHO), four to five million people, globally, pass away every year from illnesses brought on by air pollution. As a result, there is a greater need to improve the air quality, which in turn drives up the demand for FGD systems. Additionally, in order to raise public awareness, WHO organised the first global conference on air pollution and health in October and November 2018. This, in turn, increased the demand for FGD systems.

Both China and India are acknowledged to be the main causes of the increase in air pollution due to their enormous population densities. However, both nations are reorienting their efforts to reduce air pollution. The National Clean Air Programme (NCAP), which offers a strategy for preventing, controlling, and reducing air pollution, was introduced in India in January 2019. Additionally, China penalised around 18,000 businesses in 2017 for contributing to an increase in pollution through their emissions. Thus, increased emphasis on reducing pollution is anticipated to raise demand for flue gas desulfurization systems, ultimately fuelling the market expansion.

Expansion Of The Industry

Flue gas desulfurization systems are becoming more and more in demand across a variety of production sectors, including cement, chemical, and power plants. Additionally, due to the implementation of various initiatives like “Make in India” by the Indian Government and MIC 2025 by the Chinese Government, India and China are among the world's leading industrial hubs. Therefore, it is anticipated that these government measures to support the industrial sector and various flue gas desulfurization system applications would support the market's expansion. Additionally, there has been a large growth in global commerce over the past ten years, and this trend is expected to continue during the projected period. The rise of industrial trade is significantly fueled by the developing countries in Asia, particularly China and India. Many industrial firms from wealthy areas have relocated to low-cost nations as a result of globalization.

Rising populations and urbanization are increasing the need for new buildings. The cement industry, and the semi-conductor industry will grow in the upcoming years, and this global transfer of industrial firms has increased the demand for FGD systems. In order to provide cleaner working conditions and lower environmental pollutants, some areas have also put into place strict environmental legislation. Thus, the growth of the Asia Market is influenced by all of these aspects taken together.

Strict Government Guidelines for Reducing Air Pollution

Developing nations have been allocating their resources to control the growing level of air pollution ever since the Air Prevention and Control of Pollution Act was passed in 1981. In addition, poor industrial practises, illicit mining activities, and rising coal use in China and India, have all contributed to the deteriorating air quality. The market for FGD systems is anticipated to expand as a result of industrialised nations enforcing strict air quality control rules. On addition, several governments are investing significant sums on regulations and strategies to enhance air quality because they recognise the negative social and economic effects of air pollution.

Global Decline in the Construction of New Coal Power Plants:

Power generating systems include a number of essential components, including air filtration and air quality enhancement. Power production businesses struggle to keep gas-fired turbines operating properly and stop fly ash from erupting from coal or other solid fuel sources' smokestacks. In most cases, polyphenylene sulphide (PPS) is employed for these purposes. In order to maintain optimal environmental conditions, effective filtration is one of the key factors. For instance, the usage of FGD systems is necessary for thermal power production to maintain performance within environmental constraints. However, there are now fewer coal power plants due to growing environmental concerns, an increase in the usage of alternative fuels like petrol, and the use of renewable energy sources.

Significant Growth in Technical Progress

Manufacturers like GE Power, Thermax, S.A. HAMON, MHPS, and others, have made technological improvements that have raised the demand for FGD system goods. Advanced limestone flue gas desulphurization (FGD) machines from ANDRITZ are economical and effective ways to remove dust and SO2, while using the least amount of energy. Furthermore, Carmeuse developed two new technologies, Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS), which can remove 98% SO2 from coal with 2.5% sulphur. Through a series of patented regenerable aqueous amine-based solvents, these methods sequentially recycle SO2 from flue gas. Therefore, it is anticipated that such technical improvements would present producers with attractive prospects.

Additionally, the introduction of multi-pollutant control is anticipated to promote market expansion in the near future. For instance, Lextran Ltd., an Israeli company, industrialised a catalytic, regenerative wet scrubbing method that instantly removes SOx and NOx from flue gas. Additionally, the development of energy-efficient and environmentally friendly FGD systems, that lessen environmental deterioration, is made possible by the increase in carbon emissions and air pollution. It is expected that this would present lucrative chances for market development.

Recent Development

  • In December 2019, Universal Acoustic & Emission Technologies, Inc. was acquired by Babcock & Wilcox Enterprises, Inc. (B&W). The company Universal Acoustic & Emission Technologies offers filtration, acoustics, and emission solutions. The acquisition has boosted B&W's non-coal revenue base and increased its exposure to the industrial industry.
  • In December 2019, a Brazilian manufacturer of limes named Cal Arco Iris was bought by the corporation. It runs and owns a lime factory in Brazil that generates milk of lime, high calcium and dolomitic lime, and lime hydrate.
  • In August 2019, The Pfaudler Group sold Julius Montz to Koch-Glitsch in exchange for equipment and technology used in chemical and pharmaceutical processes. By broadening its offering of products and services, globally, and enhancing its global base, this purchase helped the firm increase its global market position.
  • Marsulex Environmental Technologies Corporation (MET), a U.S.-based company, was purchased by KraftPowercon. MET is one of the top providers of Air Quality Control Systems (AQCS), which are used to reduce gaseous and particle emissions from industrial boilers and power plants.

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Market Segments

The Asia Pacific Flue Gas Desulfurization System Market is segmented based on Type, Application, Installation, and Region. Based on type, the market is bifurcated into Dry FGD and Wet FGD. Based on Application, the market is segmented into Power Generation, Chemical, Iron and Steel, Cement Manufacturing, and Others. Based on Installation, the market is segmented into Greenfield and Brownfield.

Market Players

Major market players of Asia Pacific Flue Gas Desulfurization System Market are Chiyoda Corporation, Ducon Infratechnologies Limited, General Electric, S.A.Hamon, Mitsubishi Heavy Industries, Ltd., Rafako S.A., Valmet Oyj, Doosan Lentjes, Babcock and Wilcox Enterprises, Inc., Marsulex Environmental Technologies Corporation.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Application

By Installation

By Region

Regional scope

Asia Pacific

Country scope

China, Japan, India, Australia, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam

Key companies profiled

Chiyoda Corporation, Ducon Infratechnologies Limited, General Electric, S.A.Hamon, Mitsubishi Heavy Industries, Ltd., Rafako S.A., Valmet Oyj, Doosan Lentjes, Babcock and Wilcox Enterprises, Inc., Marsulex Environmental Technologies Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Asia Pacific Flue Gas Desulfurization System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Asia Pacific Flue Gas Desulfurization System Market, By Type

o   Dry FGD

o   Wet FGD

  • Asia Pacific Flue Gas Desulfurization System Market, By Service Provider

o   Traditional Flue Gas Desulfurization System

o   Cloud Service Providers

o   Telco Flue Gas Desulfurization System

o   Others

  • Asia Pacific Flue Gas Desulfurization System Market, By Application

o   Power Generation

o   Chemical

o   Iron and Steel

o   Cement Manufacturing

o   Others

  • Asia Pacific Flue Gas Desulfurization System Market, By End-User

o   Greenfield

o   Brownfield

  • Asia Pacific Flue Gas Desulfurization System Market, By Region:

o   China

o   Japan

o   India

o   Australia

o   South Korea

o   Malaysia

o   Singapore

o   Indonesia

o   Thailand

o   Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia Pacific Flue Gas Desulfurization System Market

Available Customizations:

Asia Pacific Flue Gas Desulfurization System Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Asia Pacific Flue Gas Desulfurization System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

5.    Asia Pacific Flue Gas Desulfurization System Market Outlook

5.1. Market Size & Forecast

5.1.1.    By Value

5.2. Market Share & Forecast

5.2.1.    By Type (Dry FGD, Wet FGD)

5.2.2.    By Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others)

5.2.3.    By Installation (Greenfield, Brownfield)

5.2.4.    By Country (China, Japan, India, Australia, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam)

5.3.  By Company (2022)

5.4. Market Map

6.    China Flue Gas Desulfurization System Market Outlook

6.1. Market Size & Forecast

6.1.1.    By Value

6.2. Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Installation

7.    Japan Flue Gas Desulfurization System Market Outlook

7.1. Market Size & Forecast

7.1.1.    By Value

7.2. Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Installation

8.    India Flue Gas Desulfurization System Market Outlook

8.1. Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Installation

9.    Australia Flue Gas Desulfurization System Market Outlook

9.1. Market Size & Forecast

9.1.1.    By Value

9.2. Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Installation

10. South Korea Flue Gas Desulfurization System Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Value

10.2.           Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Installation

11. Malaysia Flue Gas Desulfurization System Market Outlook

11.1.           Market Size & Forecast

11.1.1. By Value

11.2.           Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Installation

12. Singapore Flue Gas Desulfurization System Market Outlook

12.1.           Market Size & Forecast

12.1.1. By Value

12.2.           Market Share & Forecast

12.2.1. By Type

12.2.2. By Application

12.2.3. By Installation

13. Indonesia Flue Gas Desulfurization System Market Outlook

13.1.           Market Size & Forecast

13.1.1. By Value

13.2.           Market Share & Forecast

13.2.1. By Type

13.2.2. By Application

13.2.3. By Installation

14. Thailand Flue Gas Desulfurization System Market Outlook

14.1.           Market Size & Forecast

14.1.1. By Value

14.2.           Market Share & Forecast

14.2.1. By Type

14.2.2. By Application

14.2.3. By Installation

15. Vietnam Flue Gas Desulfurization System Market Outlook

15.1.           Market Size & Forecast

15.1.1. By Value

15.2.           Market Share & Forecast

15.2.1. By Type

15.2.2. By Application

15.2.3. By Installation

16. Market Dynamics

16.1.  Drivers

16.2.  Challenges

17. Market Trends & Developments

18. Policy & Regulatory Landscape

19. Company Profiles

19.1.           Chiyoda Corporation

19.1.1.    Business Overview

19.1.2.    Key Revenue (If Available)

19.1.3.    Recent Developments

19.1.4.    Key Personnel

19.1.5.    Key Product/Service Offered

19.2.           Ducon Infratechnologies Limited

19.2.1.    Business Overview

19.2.2.    Key Revenue (If Available)

19.2.3.    Recent Developments

19.2.4.    Key Personnel

19.2.5.    Key Product/Service Offered

19.3.        S.A.Hamon

19.3.1.    Business Overview

19.3.2.    Key Revenue (If Available)

19.3.3.    Recent Developments

19.3.4.    Key Personnel

19.3.5.    Key Product/Service Offered

19.4.        Mitsubishi Heavy Industries, Ltd.

19.4.1.    Business Overview

19.4.2.    Key Revenue (If Available)

19.4.3.    Recent Developments

19.4.4.    Key Personnel

19.4.5.    Key Product/Service Offered

19.5.        Rafako S.A.

19.5.1.    Business Overview

19.5.2.    Key Revenue (If Available)

19.5.3.    Recent Developments

19.5.4.    Key Personnel

19.5.5.    Key Product/Service Offered

19.6.        Doosan Lentjes

19.6.1.    Business Overview

19.6.2.    Key Revenue (If Available)

19.6.3.    Recent Developments

19.6.4.    Key Personnel

19.6.5.    Key Product/Service Offered

19.7.        Babcock and Wilcox Enterprises, Inc.

19.7.1.    Business Overview

19.7.2.    Key Revenue (If Available)

19.7.3.    Recent Developments

19.7.4.    Key Personnel

19.7.5.    Key Product/Service Offered

19.8.           Marsulex Environmental Technologies Corporation

19.8.1.    Business Overview

19.8.2.    Key Revenue (If Available)

19.8.3.    Recent Developments

19.8.4.    Key Personnel

19.8.5.    Key Product/Service Offered

19.9.        Wilcox Enterprises, Inc.,

19.9.1.    Business Overview

19.9.2.    Key Revenue (If Available)

19.9.3.    Recent Developments

19.9.4.    Key Personnel

19.9.5.    Key Product/Service Offered

19.10.         General Electric

19.10.1. Business Overview

19.10.2. Key Revenue (If Available)

19.10.3. Recent Developments

19.10.4. Key Personnel

19.10.5. Key Product/Service Offered

20. Strategic Recommendations

21. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key market players are Chiyoda Corporation, Ducon Infratechnologies Limited, General Electric, S.A.Hamon, Mitsubishi Heavy Industries, Ltd., Rafako S.A., Valmet Oyj, Doosan Lentjes, Babcock and Wilcox Enterprises, Inc., and Marsulex Environmental Technologies Corporation

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The challenges in the Asia Pacific Flue Gas Desulfurization System market are high capital, and operations and maintenance (O&M) costs.

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India is the fastest-growing country in the Asia Pacific Flue Gas Desulfurization System market due to government initiatives and the rising industrial sector.

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Growing environmental concerns and rising supportive government & regulatory policies are major drivers of the Asia-Pacific flue gas desulfurization systems.

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Parvati Sharma

Account Manager BD
Press Release

Asia Pacific Flue Gas Desulfurization System Market to be Driven by the Need to Combat Air Pollution by 2028

Aug, 2023

Significant growth of industrial sector is driving the Flue Gas Desulfurization System market in the forecast period 2024-2028 across Asia Pacific

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