Market Research Report
Asia-pacific Flue Gas Desulfurization Market Forecast 2021-2028
|Asia-pacific Flue Gas Desulfurization Market Forecast 2021-2028|
Published: December 2, 2021
Content info: 153 Pages
Delivery time: 2-3 business days
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.
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.
General Electric Company, Kawasaki Heavy Industries Ltd, Mitsubishi Hitachi Power Systems Ltd, Fujian Longking Co Ltd, etc., are among the leading market players.