Press Release

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

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


According to TechSci Research report, “Asia Pacific Flue Gas Desulfurization System Market - By Region, Competition Forecast & Opportunities, 2018-2028F”, the Asia Pacific Flue Gas Desulfurization System market is expected to register robust growth during the forecast period 2024-2028. The Asia Pacific flue gas desulfurization system market will rise through the forecast period, owing to factors like the expansion of industry and the urbanization of the world. . About 37% of the world's electricity is generated by coal-fired power plants, making them the single greatest source of electricity generation, globally. However, these plants inevitably produce pollutants, particularly sulphur, which lowers the Air Quality Index . Fossil fuel combustion and the smelting of sulfur-containing mineral ores are the principal sources of sulphur dioxide. Acid rain's main ingredient, sulfuric acid, is created when sulphur dioxide reacts with water, air, and other gases. Acid rain impacts aquatic life through acidifying streams and corroding paints and construction materials, As a result, the government has proposed strict regulations to limit mercury, sulphur dioxide, nitrogen oxides, and particulate matter (PM) emissions from coal-based thermal power plants. The demand for installing flue gas desulphurization systems has been greatly fueled by the increased focus on lowering the pollutants coming from the power production industry in Asia Pacific Region.

Moreover, to achieve and maintain the National Ambient Air Quality Standards for carbon monoxide and ozone, the government is enforcing strict norms and regulations, developing flexible & cost effective control strategies to minimize energy-related emissions of Sulphur dioxide (SO2) and nitrogen oxides, Carbon monoxide, nitrogen oxides, NO, and NO2 (NOx), as well as the Sulphur Oxides SO2, SO3, and SO3 (represented as SOx), are the main air pollutants produced by the burning of fossil fuels. These primary pollutants can combine with the environment to produce even more damaging consequences, such as acid rain, smog, and the reduction of ozone levels. The Clean Air Act (CAA) and the Mercury and Air Toxics Standards, which require installing systems that monitor and control emissions to bring them to a safer level, are examples of the stringent international and governmental regulations that are continuously imposed. Additionally, a large number of coal-fired power plants, particularly in the Asia Pacific region, are implementing flue gas desulphurization (FGD) systems to comply with government-issued emission standards, which is an aspect anticipated to boost the flue gas desulphurization market in the Asia Pacific region.

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.


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The Asia Pacific market for flue gas desulfurization systems is anticipated to rise as a result of the rising popularity of FGD systems in the expanding cement and chemical production sectors. Additionally, as individuals and governments in various nations become more conscious of the negative effects of air pollution on health, the demand for flue gas desulfurization (FGD) systems is anticipated to rise, supporting the market growth. To effectively remove the flue gases from industrial facilities, the key players in the flue gas desulfurization systems market are working to diversify and enhance their product lines. For instance, the Japanese company Mitsubishi Hitachi Power Systems, Ltd. sells FGD systems for the removal of SO2, including wet limestone-gypsum FGD systems and seawater FGD systems.

 

Key market players in the Asia Pacific Flue Gas Desulfurization System Market include:

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


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“Asia-Pacific flue gas desulfurization systems market is anticipated to dominate the flue gas desulfurization market in the upcoming years and develop at the fastest rate. In 2018, coal accounted for 55.88% of India's primary energy consumption. As a result, the county has experienced considerable increases in carbon emissions as a result of the heavy usage of coal to meet the rising energy demand. Moreover, the Australian economy is greatly influenced by the cement production industry owing to nation's rapidly expanding population, increased investments, and industrial activity, among others. Therefore, rising the demands for flue gas desulfurization systems in the Australian market. All these factors are driving the Asia Pacific Flue Gas Desulfurization System Market” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia Pacific Flue Gas Desulfurization System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F, Segmented By Type (Dry FGD, Wet FGD), By Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others), By Installation (Greenfield, Brownfield), By Region, Competition, Forecast & Opportunities, 2028F has assessed the Asia Pacific flue gas desulfurization system market's future development potential and provides data and information on market size, structure, and projected market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the Asia Pacific Flue gas desulfurization system market.


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