February 27, 2020
According to the research report titled ‘Asia Pacific Flue Gas Desulfurization Systems Market By Application, Technology, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, the Asia-Pacific flue gas desulfurization systems market is set to record substantial growth through 2026.
According to the report, increasing incorporation of thermal power technology along with growing electricity demand are major factors driving the flue gas desulfurization systems industry in Asia-Pacific. There has been an upsurge in adoption rates of captive generating stations in heavy industries. This factor along with escalating investments towards development of coal-fired power plants in emerging economies are further aiding the market expansion. Also, surging investments in infrastructural development in residential sector along with strict government regulations regarding operational health hazards are fostering the demand for flue gas desulfurization systems across Asia-Pacific region.
In terms of technology, the report states that dry flue gas desulfurization systems market segment is presumed to expand significantly during the forecast period. Dry technology offers reliability, safety, easy installation, and low capital benefits. In addition, strict government regulations to reduce carbon emission in power generating and heavy industries are fueling the segmental growth. Moreover, rapid digitalization of power utilities in tandem with modernization of medium sized industries are favoring the market outlook.
On the other hand, wet flue gas desulfurization systems market segment will witness lucrative growth in the ensuing years, primarily due to growing chemical and steel industry and increasing development of dams, bridges, and flyovers. Rapid expansion of coal-based power plants along with rising renovation activities of current power stations are stimulating the industry outlook.
Considering the geographical landscape, the report cites that China flue gas desulfurization systems industry is expected to register substantial growth during the estimated timeframe. The growth is attributed to strict government regulations regarding SOx emissions coupled with shifting focus towards maintaining decent air quality. Increasing investments towards development of thermal power plants and rapid expansion of electrical grid networks are also augmenting the demand for flue gas desulfurization systems in China.
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The prominent companies operating in Asia-Pacific flue gas desulfurization systems industry are KC Cottrel India, Ducon Infratechnologies Ltd., Marsulex Environmental Technologies Co., KCH Services Inc., Hitachi Zosen INOVA, Babcock & Wilcox Enterprise Inc., GEA Group, Nederal Mikropul, Verantis, Tri-Mer Corp., General Electric, CECO Environmental, Mitsubishi Hitachi Power Systems, and Hamon Cie International SA.
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