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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in-depth TOC on "Asia Pacific Flue Gas Desulfurization System Market"
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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