The South East Asia & Africa flue gas desulfurization (FGD) market was valued at US$ 1,818.2 million in 2020 and is projected to reach US$ 2,935.61 million by 2028; it is expected to grow at a CAGR of 6.3% from 2021 to 2028.
Flue gas desulfurization is a system that has a set of technologies that is used in order to remove sulphur dioxide (SO2) from the flue gases which have been emitted by the power plants. The system helps in reducing down the levels of sulphur dioxide and other greenhouse gas emission. The stringent environmental regulations are mostly focusing on controlling the excessive sulphur dioxide emissions is going to increase the demand for flue gas desulfurization system.
Based on type, flue gas desulfurization market is categorized Dry FGD and Wet FGD. The Wet FGD segment led the market with the largest share in 2020. Wet flue gas desulfurization (Wet FGD) system roughly has SOx removal efficiency of over 90 percent. Wet freshwater flue gas desulfurization equipment primarily uses limestone slurry for removing SOx. The flue gas drawn from a boiler is directed into an absorption tower by a booster fan. Inside the absorption tower, the flue gas comes in contact with limestone slurry, sprayed through nozzles installed at the tower's top.
Based on geography, the flue gas desulfurization market is segmented into South East Asia (SAM), and Africa. South East Asia led the market with the largest share in 2020. The region consists of many developing countries that are witnessing high growth in their respective manufacturing sectors. Indonesia held the largest share of the South East Asia flue gas desulfurization market. The increase in regulations and power production in the country has led the power generation industry to increase their demand for flue gas desulfurization system. The increasing demand for electricity along with an increase in the investment in thermal power plants in the South East Asia & Africa countries is going to drive the market. The growth of cement and metal smelting industries along with the growing chemical sector is going to increase the demand for flue gas desulfurization system.
The COVID-19 has been adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical, materials, and other manufacturing sectors are the major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in Asia Pacific, and Africa has restricted the regional supply chain and disturbed the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. In addition to these restrictions, limited availability of working professionals and lowered production levels due to social distancing measures are the factors hampering the activities in the chemical & materials industry, as well as various markets related to it. Many countries are now resuming to normalcy, whereas many are experiencing second wave of the outbreak. In addition, due to vaccination drives, the situation is likely to change in the coming months.
Babcock and Wilcox Enterprises, Inc, Siemens AG, General Electric, Mitsubishi Heavy Industries, Ltd and Valmet are among the major players operating in the South East Asia & Africa flue gas desulfurization market.
The overall South East Asia & Africa flue gas desulfurization market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the flue gas desulfurization market.
Reasons to Buy
Based on type, flue gas desulfurization market is categorized Dry FGD and Wet FGD. The Wet FGD segment led the market with the largest share in 2020. Wet flue gas desulfurization (Wet FGD) system roughly has SOx removal efficiency of over 90 percent. Wet freshwater flue gas desulfurization equipment primarily uses limestone slurry for removing SOx. The flue gas drawn from a boiler is directed into an absorption tower by a booster fan. Inside the absorption tower, the flue gas comes in contact with limestone slurry, sprayed through nozzles installed at the tower's top.
Based on geography, the flue gas desulfurization market is segmented into South East Asia (SAM), and Africa. South East Asia led the market with the largest share in 2020. The region consists of many developing countries that are witnessing high growth in their respective manufacturing sectors. Indonesia held the largest share of the South East Asia flue gas desulfurization market. The increase in regulations and power production in the country has led the power generation industry to increase their demand for flue gas desulfurization system. The increasing demand for electricity along with an increase in the investment in thermal power plants in the South East Asia & Africa countries is going to drive the market. The growth of cement and metal smelting industries along with the growing chemical sector is going to increase the demand for flue gas desulfurization system.
The COVID-19 has been adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical, materials, and other manufacturing sectors are the major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in Asia Pacific, and Africa has restricted the regional supply chain and disturbed the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. In addition to these restrictions, limited availability of working professionals and lowered production levels due to social distancing measures are the factors hampering the activities in the chemical & materials industry, as well as various markets related to it. Many countries are now resuming to normalcy, whereas many are experiencing second wave of the outbreak. In addition, due to vaccination drives, the situation is likely to change in the coming months.
Babcock and Wilcox Enterprises, Inc, Siemens AG, General Electric, Mitsubishi Heavy Industries, Ltd and Valmet are among the major players operating in the South East Asia & Africa flue gas desulfurization market.
The overall South East Asia & Africa flue gas desulfurization market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the flue gas desulfurization market.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South East Asia & Africa flue gas desulfurization market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 South East Asia & Africa Flue Gas Desulfurization Market, by Type
1.3.2 South East Asia & Africa Flue Gas Desulfurization Market, by Application
1.3.3 South East Asia & Africa Flue Gas Desulfurization Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Flue Gas Desulfurization Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South East Asia & Africa
4.3 Expert Opinion
5. South East Asia & Africa Flue Gas Desulfurization Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Power & Energy Sector in South East Asia
5.1.2 Stringent Rules and Regulations by The Government
5.2 Market Restraints
5.2.1 High Cost of Reagents and Safety Concerns Associated with FGD System
5.3 Market Opportunities
5.3.1 Rising Demand for Flue Gas Desulfurization Gypsum for Soil Amendment Applications
5.4 Future Trend
5.4.1 Technological Advancements regarding Flue Gas Desulfurization
5.5 Impact Analysis of Drivers and Restraints
6. Flue Gas Desulfurization - South East Asia & Africa Market Analysis
6.1 Flue Gas Desulfurization Market Overview
6.2 Market Positioning - South East Asia & Africa Market Players
7. Flue Gas Desulfurization Market Analysis - By Type
7.1 Overview
7.2 Flue Gas Desulfurization Market Breakdown, By Type, 2020 and 2028
7.3 Dry FGD
7.3.1 Overview
7.3.2 Dry FGD: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
7.3.3 Dry FGD: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
7.4 Wet FGD
7.4.1 Overview
7.4.2 Wet FGD: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
7.4.3 Wet FGD: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8. South East Asia & Africa Flue Gas Desulfurization Market Analysis - By Application
8.1 Overview
8.2 Flue Gas Desulfurization Market Breakdown, By Application, 2020 and 2028
8.3 Power Generation
8.3.1 Overview
8.3.2 Power Generation: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.3.3 Power Generation: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.4.3 Chemical: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.5 Iron and Steel
8.5.1 Overview
8.5.2 Iron And Steel: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.5.3 Iron And Steel: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.6 Cement Manufacturing
8.6.1 Overview
8.6.2 Cement Manufacturing: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.6.3 Cement Manufacturing: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
8.7.3 Others: Flue Gas Desulfurization Market, Revenue And Forecast To 2028 (US$ Mn)
9. South East Asia & Africa Flue Gas Desulfurization Market - Country Analysis
9.1 Overview
9.1.1 South East Asia: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.2 South East Asia: Flue Gas Desulfurization Market, by Type
9.1.3 South East Asia: Flue Gas Desulfurization Market, by Application
9.1.4 South East Asia & Africa: Flue Gas Desulfurization Market, by Key Country
9.1.4.1 Indonesia: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Indonesia: Flue Gas Desulfurization Market, by Type
9.1.4.1.2 Indonesia: Flue Gas Desulfurization Market, by Application
9.1.4.2 Malaysia: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Malaysia: Flue Gas Desulfurization Market, by Type
9.1.4.2.2 Malaysia: Flue Gas Desulfurization Market, by Application
9.1.4.3 Thailand: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Thailand: Flue Gas Desulfurization Market, by Type
9.1.4.3.2 Thailand: Flue Gas Desulfurization Market, by Application
9.1.4.4 Vietnam: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 Vietnam: Flue Gas Desulfurization Market, by Type
9.1.4.4.2 Vietnam: Flue Gas Desulfurization Market, by Application
9.1.4.5 Rest of South East Asia: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Rest of South East Asia: Flue Gas Desulfurization Market, by Type
9.1.4.5.2 Rest of South East Asia: Flue Gas Desulfurization Market, by Application
9.1.5 Africa: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.6 Africa: Flue Gas Desulfurization Market, by Type
9.1.7 Africa: Flue Gas Desulfurization Market, by Application
9.1.8 Africa: Flue Gas Desulfurization Market, by Key Country
9.1.8.1 South Africa: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.8.1.1 South Africa: Flue Gas Desulfurization Market, by Type
9.1.8.1.2 South Africa: Flue Gas Desulfurization Market, by Application
9.1.8.2 Rest of Africa: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
9.1.8.2.1 Rest of Africa: Flue Gas Desulfurization Market, by Type
9.1.8.2.2 Rest of Africa: Flue Gas Desulfurization Market, by Application
10. Overview - Impact of COVID-19 on South East Asia & Africa
10.1 South East Asia & Africa: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 ANDRITZ
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Siemens AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Thermax Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Yokogawa Electric Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 John Wood Group PLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Alstom SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Ducon
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 General Electric
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 Mitsubishi Heavy Industries, Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 Marsulex Environmental Technologies
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
12. Appendix
12.1 About the Publisher
12.2 Glossary
List of Tables
Table 1. Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. South East Asia Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 3. South East Asia & Africa Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 4. Indonesia Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Indonesia Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 6. Malaysia Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 7. Malaysia Flue Gas Desulfurization Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 8. Thailand Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Thailand Flue Gas Desulfurization Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 10. Vietnam Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 11. Vietnam Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South East Asia Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of South East Asia Flue Gas Desulfurization Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 14. Africa Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 15. Africa Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 16. South Africa Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 17. South Africa Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Africa Flue Gas Desulfurization Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Africa Flue Gas Desulfurization Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 20. Glossary of Terms, Global Flue Gas Desulfurization Market
List of Figures
Figure 1. South East Asia & Africa Flue Gas Desulfurization Market Segmentation
Figure 2. South East Asia & Africa Flue Gas Desulfurization Market Segmentation - By Country
Figure 3. South East Asia & Africa Flue Gas Desulfurization Market Overview
Figure 4. Power Generation Segment Held Largest Share of South East Asia & Africa Flue Gas Desulfurization Market
Figure 5. Indonesia Held Largest Share of South East Asia Flue Gas Desulfurization Market
Figure 6. South East Asia & Africa Flue Gas Desulfurization Market, Industry Landscape
Figure 7. South East Asia & Africa: PEST Analysis
Figure 8. Expert Opinion
Figure 9. South East Asia & Africa Flue Gas Desulfurization Market Impact Analysis of Driver and Restraints
Figure 10. Geographic Overview of Flue Gas Desulfurization Market
Figure 11. Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 12. Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Flue Gas Desulfurization Market Breakdown, By Type, 2020 and 2028 (%)
Figure 14. Flue Gas Desulfurization Market Breakdown, By Application, 2020 and 2028 (%)
Figure 15. South East Asia & Africa Flue Gas Desulfurization Market Revenue Share, by Region (2019 and 2027)
Figure 16. South East Asia: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. South East Asia & Africa: Flue Gas Desulfurization Market Revenue Share, by Type (2020 and 2028)
Figure 18. South East Asia & Africa: Flue Gas Desulfurization Market Revenue Share, by Application (2020 and 2028)
Figure 19. South East Asia & Africa: Flue Gas Desulfurization Market Revenue Share, by Key Country (2020 and 2028 )
Figure 20. Indonesia: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 21. Malaysia: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 22. Thailand: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. Vietnam: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of South East Asia: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Africa: Flue Gas Desulfurization Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Africa: Flue Gas Desulfurization Market Revenue Share, by Type (2020 and 2028)
Figure 27. Africa: Flue Gas Desulfurization Market Revenue Share, by Application (2020 and 2028)
Figure 28. Africa: Flue Gas Desulfurization Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. South Africa: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Africa: Flue Gas Desulfurization Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ANDRITZ
- Siemens AG
- Thermax Limited
- Yokogawa Electric Corporation
- John Wood Group PLC
- Alstom SA
- Ducon
- General Electric
- Mitsubishi Heavy Industries, Ltd.
- Marsulex Environmental Technologies
Table Information
| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 1818.2 Million |
| Forecasted Market Value ( USD | $ 2935.61 Million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Africa, Asia Pacific |
