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.
Asia Pacific flue gas desulfurization market is expected to grow at a steady rate during the forecast period. The growing environmental concerns especially those pertaining to increasing air pollution levels especially in countries such as India and China are expected to drive the growth of Asia Pacific flue gas desulfurization market during forecast period. Additionally, supportive government & regulatory authorities’ policies to maintain the air quality standards and reduce the SOx emission level are further expected to propel the market during forecast period.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on “ Asia Pacific Flue Gas Desulfurization (FGD) Market”
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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