Market by Technology, Application, and Country Outlook | Forecast 2023-2030
Triton’s report infers that the Asia-Pacific flue gas desulfurization market is estimated to register revenue growth at a CAGR of 5.42 during the forecast period 2023-2030.
The
countries examined in the studied region include:
•       Â
China
•       Â
Japan
•       Â
South Korea
•       Â
India
•       Â
ASEAN Countries
•       Â
Rest of Asia-Pacific
Governments in the Asia-Pacific region have been implementing stricter
environmental regulations, particularly those targeting air pollution. As a
result, there is a growing need for flue gas desulfurization systems to reduce
sulfur dioxide (SO2) emissions from industrial facilities and coal-fired power
plants. The industrial sector in the region is experiencing rapid expansion,
resulting in increased emissions of SO2 and various other pollutants. This
surge in emissions has driven the demand for FGD systems across various
sectors, including iron and steel production, cement manufacturing, and power
generation.
China leads the regional market with the highest
share. Respiratory
illnesses are a significant contributor to mortality in China. The World Health
Organization (WHO) reports that respiratory disorders are responsible for over
20% of all deaths in the country. To address this issue, the government has
introduced various regulations, primarily centered around the adoption of flue
gas desulfurization (FGD) systems. These regulations are aimed at reducing air
pollution and enhancing overall air quality, which significantly widens the
scope of the FGD market.
The surging demand for low-carbon electricity in India stands as a
catalyst for the flue gas desulfurization market in India. In response to the
escalating need for low-carbon electricity, the nation has honed its focus on
augmenting the efficiency and sustainability of its coal-fired power plants, a
substantial component of its energy portfolio. FGD systems assume a pivotal
role in this transition by curtailing sulfur dioxide (SO2) emissions and
improving the environmental performance of these facilities.
In an effort to mitigate the environmental impact of sulfur oxides (SO2
and SO3), numerous power plants employ flue-gas desulphurization (FGD)
scrubbers. These scrubbers effectively eliminate SO2 and SO3 from combustion
gases. However, the conditions within these scrubbers and associated
installations are exceptionally harsh, leading to cumulative and corrosive
challenges for conventional engineering materials. The market’s growth is determined based on technology and application.
The application segment includes power generation, iron & steel, cement
manufacturing, chemical, and other applications.
The companies in the market are Chiyoda
Corporation, Doosan Lentjes GmbH, John Wood Group Plc, Flsmidth AS, and Thermax
Ltd.
Chiyoda Corporation is an engineering and construction company that
provides a range of services, including procurement, commissioning, project
lifecycle engineering, technology development, and more. These services cater
to a diverse clientele across gas, electricity, petroleum, petrochemical,
chemical, pharmaceutical, environmental conservation, and pollution control
industries. Additionally, the company is engaged in the exploration of oil,
gas, and other mineral resources. Chiyoda is headquartered in Japan.
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Key
deliverables of the report:
â—ŹÂ Â Â Â Â Â
Market CAGR during the forecasting years 2023-2030
â—ŹÂ Â Â Â Â Â
Detailed data highlighting key insights, industry components, and
market strategies
â—ŹÂ Â Â Â Â Â
Comprehensive information and estimation of the flue gas
desulfurization market revenue growth in the Asia-Pacific and its influence on
the parent market
â—ŹÂ Â Â Â Â Â
In-depth study of forthcoming trends in consumer behavioral
patterns
â—ŹÂ Â Â Â Â Â
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
â—ŹÂ Â Â Â Â Â
A wide-ranging study of factors that will challenge the APAC flue
gas desulfurization market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.Â
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VIEW REPORT1. ASIA-PACIFIC
FLUE GAS DESULFURIZATION MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FLUE GAS DESULFURIZATION MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. REGULATORY
FRAMEWORK
2.4. KEY
MARKET STRATEGIES
2.4.1. COLLABORATIONS
2.4.2. PRODUCT
LAUNCHES
2.4.3. ACQUISITIONS
2.4.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.5. MARKET
DRIVERS
2.5.1. DETRIMENTAL
IMPACT OF SULFUR DIOXIDE EMISSIONS ON THE ENVIRONMENT AND HEALTH
2.5.2. STRICT
EMISSION NORMS CONFER A REGULATORY PUSH FOR THE WIDESPREAD ADOPTION OF FGD
SYSTEMS
2.5.3. AIRBORNE
DISEASES POSING A SERIOUS THREAT TO PUBLIC HEALTH
2.6. MARKET
CHALLENGES
2.6.1. INDUSTRIAL
SLOWDOWNS LEAD TO MARKET CONTRACTION
2.6.2. RISING
DEPENDENCE ON RENEWABLE ENERGY
2.6.3. HIGH INITIAL
CAPITAL INVESTMENT
2.7. MARKET
OPPORTUNITIES
2.7.1. ADVANCEMENTS
IN FGD TECHNOLOGIES
2.7.2. FGD
GYPSUM’S USE AS A SOIL CONDITIONER
2.7.3. UTILIZING
DATA-DRIVEN MODELS FOR REAL-TIME OPTIMIZATION OF FGD PROCESSES
2.7.4. TAILORED
FGD SOLUTIONS TARGETING SPECIFIC INDUSTRIES
2.8. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
FLUE GAS DESULFURIZATION MARKET – BY TECHNOLOGY
3.1. WET
FGD SYSTEMS
3.2. SPRAY
DRY FGD SYSTEMS
3.3. DRY
FGD SYSTEMS
4. ASIA-PACIFIC
FLUE GAS DESULFURIZATION MARKET – BY APPLICATION
4.1. POWER
GENERATION
4.2. CHEMICAL
4.3. IRON
& STEEL
4.4. CEMENT
MANUFACTURING
4.5. OTHER
APPLICATIONS
5. ASIA-PACIFIC
FLUE GAS DESULFURIZATION MARKET – BY COUNTRY OUTLOOK
5.1. CHINA
5.1.1. CHINA
FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.2. JAPAN
5.2.1. JAPAN
FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.3. INDIA
5.3.1. INDIA
FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.4. SOUTH
KOREA
5.4.1. SOUTH
KOREA FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.5. ASEAN
COUNTRIES
5.5.1. ASEAN
COUNTRIES FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.6. AUSTRALIA
& NEW ZEALAND
5.6.1. AUSTRALIA
& NEW ZEALAND FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
5.7. REST
OF ASIA-PACIFIC
5.7.1. REST
OF ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. BABCOCK
& WILCOX ENTERPRISES INC
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. GENERAL
ELECTRIC COMPANY
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. DUCON
TECHNOLOGIES INC
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. ANDRITZ
AG
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. CHIYODA
CORPORATION
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. DOOSAN
LENTJES GMBH
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. JOHN
WOOD GROUP PLC
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. FLSMIDTH
AS
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. THERMAX
LTD
6.9.1. COMPANY
OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. FUJIAN
LONGKING CO LTD
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
6.11. KAWASAKI
HEAVY INDUSTRIES LTD
6.11.1. COMPANY
OVERVIEW
6.11.2. PRODUCT
PORTFOLIO
6.11.3. KEY
STRENGTHS
6.11.4. KEY
CHALLENGES
6.12. MARSULEX
ENVIRONMENTAL TECHNOLOGIES
6.12.1. COMPANY
OVERVIEW
6.12.2. PRODUCT
PORTFOLIO
6.12.3. KEY
STRENGTHS
6.12.4. KEY
CHALLENGES
6.13. MITSUBISHI
HITACHI POWER SYSTEMS LTD
6.13.1. COMPANY
OVERVIEW
6.13.2. PRODUCT
PORTFOLIO
6.13.3. KEY
STRENGTHS
6.13.4. KEY
CHALLENGES
6.14. HAMON
GROUP
6.14.1. OVERVIEW
6.14.2. PRODUCT
PORTFOLIO
6.14.3. KEY
STRENGTHS
6.14.4. KEY
CHALLENGES
6.15. RAFAKO
SA
6.15.1. COMPANY
OVERVIEW
6.15.2. PRODUCT
PORTFOLIO
6.15.3. KEY
STRENGTHS
6.15.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE
1: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY OUTLOOK, 2023-2030
(IN $ MILLION)
TABLE
2: REGULATORY FRAMEWORK
TABLE
3: LIST OF COLLABORATIONS
TABLE
4: LIST OF PRODUCT LAUNCHES
TABLE
5: LIST OF ACQUISITIONS
TABLE
6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
7: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
8: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, 2023-2030 (IN
$ MILLION)
TABLE
9: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY OUTLOOK, 2023-2030
(IN $ MILLION)
FIGURE
1: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, 2022 & 2030
(IN %)
FIGURE
2: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY WET FGD SYSTEMS, 2023-2030
(IN $ MILLION)
FIGURE
3: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY SPRAY DRY FGD SYSTEMS,
2023-2030 (IN $ MILLION)
FIGURE
4: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY DRY FGD SYSTEMS, 2023-2030
(IN $ MILLION)
FIGURE
5: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, 2022 &
2030 (IN %)
FIGURE
6: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY POWER GENERATION, 2023-2030
(IN $ MILLION)
FIGURE
7: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY CHEMICAL, 2023-2030 (IN $
MILLION)
FIGURE
8: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY IRON & STEEL, 2023-2030
(IN $ MILLION)
FIGURE
9: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY CEMENT MANUFACTURING,
2023-2030 (IN $ MILLION)
FIGURE
10: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY OTHER APPLICATIONS,
2023-2030 (IN $ MILLION)
FIGURE
11: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE
12: CHINA FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $ MILLION)
FIGURE
13: JAPAN FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $ MILLION)
FIGURE
14: INDIA FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $ MILLION)
FIGURE
15: SOUTH KOREA FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $ MILLION)
FIGURE
16: ASEAN COUNTRIES FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $ MILLION)
FIGURE
17: AUSTRALIA & NEW ZEALAND FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $
MILLION)
FIGURE
18: REST OF ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET 2023-2030 (IN $
MILLION)