Market Research Report
Japan Flue Gas Desulfurization Market Forecast 2021-2026
|Japan Flue Gas Desulfurization Market Forecast 2021-2026|
Published: December 2, 2021
Content info: 104 Pages
Delivery time: 2-3 business days
The Japan flue gas desulfurization market is expected to record a CAGR of 8.18% during the forecast period, 2021-2026. It is the first country in the world to introduce a seawater-method flue gas desulfurization system. It uses seawater as an absorbent without using lime or other chemicals in conventional methods.
In Japan, fossil fuels like natural gas, coal, and oil account for a large portion of the primary energy consumption. Also, the Japanese government drafted a new energy policy in 2015, which laid out the energy supply-and-demand target until 2030. As per the same policy, coal-fired power generation is estimated to constitute almost 26% of the total power generation in Japan by 2030. Therefore, there has been a considerable increase in carbon emissions, resulting in the government undertaking measures to minimize air pollution.
Further, the country has set a target of minimizing almost 26% of CO2 emissions by 2030 under the Paris Climate Agreement. Besides, air quality control policies and standards like the National Emission Standards and the National Ambient Air Quality Standards entail enhancing the environmental performance of several emission sources like power plants and industries. Such factors make Japan a conducive market for flue gas desulfurization.
Some of the major players in the market include Kyushu Electric Power Co Ltd, Kawasaki Heavy Industries Ltd, Mitsubishi Hitachi Power Systems Ltd, Fujian Longking Co Ltd, Chiyoda Corporation, etc.