Asia-pacific Flue Gas Desulfurization Market Forecast 2021-2028

Published: December 2, 2021 |

Inkwood Research | 153 Pages | Delivery time: 2-3 business days

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KEY FINDINGS

The Asia-Pacific flue gas desulfurization market is estimated to register a CAGR of 4.81% during the forecast period, 2021-2028. The market demands are attributed to the lack of electric infrastructure and constant power outages, and the setting up of coal-fired energy generation plants.

MARKET INSIGHTS

Thailand, Australia & New Zealand, Vietnam, Indonesia, South Korea, Japan, India, China, and Rest of Asia-Pacific are evaluated for the Asia-Pacific flue gas desulfurization market growth assessment. In India, SO2 (sulfur dioxide) emissions contribute to air pollution. Though it decreased by around 6% in 2019 compared to 2018. At the same time, as per Greenpeace India and the Centre for Research on Energy and Clean Air (CREA), the country occupies the top emitter position for the fifth consecutive year. In addition, as per industry sources, India emitted 21% of global anthropogenic (human-made) SO2 emissions, twice that of Russia, in 2019. Also, as per the Environment Ministry, plants near populous regions and the capital have to install FGD (Flue Gas Desulphurization) units by 2022.

South Korea has the worst air quality among the 35 rich countries. As of 2019, the country registered a 2.5 PM level. As per the WHO, PM or particulate matter in the air is a grave health concern in the country since it contains mineral dust that can penetrate the cardiovascular system upon inhalation, black carbon, and nitrates.

Further, the Korean Ministry of Environment regulates the air pollutants and hazardous air substances emissions under the Clean Air Conservation Act. A new bill in May 2019 entailed strengthened emission standards by 30% alongside new standards for substances not regulated before. Such factors propel market growth in these countries.

COMPETITIVE INSIGHTS

General Electric Company, Kawasaki Heavy Industries Ltd, Mitsubishi Hitachi Power Systems Ltd, Fujian Longking Co Ltd, etc., are among the leading market players.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 41662

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. AWARENESS REGARDING AIR POLLUTION
- 3.1.2. STRINGENT LAWS FOR MAINTAINING AIR QUALITY STANDARDS
- 3.1.3. PREVALENCE OF AIR-BORNE DISEASES
3.2. KEY RESTRAINTS
- 3.2.1. SLOWDOWN OF INDUSTRIAL SECTOR
- 3.2.2. RISING SHARE OF RENEWABLE IN POWER GENERATION CAPACITY

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON FLUE GAS DESULFURIZATION MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
- 4.6.1. COST
- 4.6.2. TECHNOLOGY
- 4.6.3. RAW MATERIALS

5. MARKET BY TECHNOLOGY

5.1. WET FGD SYSTEMS
5.2. SPRAY DRY FGD SYSTEMS
5.3. DRY FGD SYSTEMS

6. MARKET BY APPLICATION

6.1. POWER PLANTS
6.2. MANUFACTURING
6.3. CEMENT
6.4. METAL PROCESSING AND MINING
6.5. CHEMICALS

7. GEOGRAPHICAL ANALYSIS

7.1. ASIA-PACIFIC
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. CHINA
  - 7.1.5.2. JAPAN
  - 7.1.5.3. INDIA
  - 7.1.5.4. SOUTH KOREA
  - 7.1.5.5. INDONESIA
  - 7.1.5.6. THAILAND
  - 7.1.5.7. VIETNAM
  - 7.1.5.8. AUSTRALIA & NEW ZEALAND
  - 7.1.5.9. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. PARTNERSHIPS & AGREEMENTS
- 8.1.2. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. ANDRITZ AG
- 8.2.2. BABCOCK & WILLCOX ENTERPRISES INC
- 8.2.3. CHIYODA CORPORATION
- 8.2.4. DOOSAN LENTJES GMBH
- 8.2.5. DUCON TECHNOLOGIES INC
- 8.2.6. FLSMIDTH A/S
- 8.2.7. FUJIAN LONGKING CO LTD
- 8.2.8. GENERAL ELECTRIC COMPANY
- 8.2.9. HAMON GROUP
- 8.2.10. JOHN WOOD GROUP PLC
- 8.2.11. KAWASAKI HEAVY INDUSTRIES LTD
- 8.2.12. MARSULEX ENVIRONMENTAL TECHNOLOGIES
- 8.2.13. MITSUBISHI HITACHI POWER SYSTEMS LTD
- 8.2.14. RAFAKO SA
- 8.2.15. THERMAX LTD

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - FLUE GAS DESULFURIZATION
TABLE 2: WORLD'S TOP 10 MOST POLLUTED COUNTRIES, 2020 (PM 2.5)
TABLE 3: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 9: LEADING PLAYERS OPERATING IN ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET
TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 11: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 7: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY WET FGD SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY SPRAY DRY FGD SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY DRY FGD SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 11: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY POWER PLANTS, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY CEMENT, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY METAL PROCESSING & MINING, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY CHEMICALS, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 17: CHINA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 18: JAPAN FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 19: INDIA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 20: SOUTH KOREA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: INDONESIA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 22: THAILAND FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: VIETNAM FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: AUSTRALIA & NEW ZEALAND FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: REST OF ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)