Asia-pacific Flue Gas Desulfurization Market 2023-2030
Market Outlook
Triton’s research report states that the Asia-Pacific flue gas desulfurization market is set to advance at a CAGR of 5.42% during the 2023-2030 forecast period. Japan, Australia & New Zealand, India, China, South Korea, ASEAN countries, and Rest of Asia-Pacific are studied in the region’s report.
The surge in India’s mission for low-carbon electricity is expected to substantially propel the flue gas desulfurization (FGD) market. As the nation strives to diminish its carbon footprint, there is a noticeable transition towards cleaner and eco-friendly power sources. In response to the escalating need for low-carbon electricity, the country is prioritizing the optimization and sustainability of its coal-fired power plants, a pivotal component of its energy portfolio.
Similarly, Vietnam is making substantial investments in renewable energy to address its growing energy demands and decrease dependence on fossil fuels. The government has established ambitious goals for renewable energy, with targets of 20% by 2030 in the overall energy portfolio. This increased emphasis on renewable energy is estimated to transform environmental control systems, including flue gas desulfurization systems, leading to a reduced reliance on fossil fuel-generated power.
Competitive Outlook
The major companies listed in the flue gas desulfurization market are Fujian Longking Co Ltd, Ducon Technologies Inc, Andritz AG, Babcock & Wilcox Enterprises Inc, and Hamon Group.
1. 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 List
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 List
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)