| Product Code: ETC4492225 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India flue gas desulfurization system market import shipment witnessed robust growth from 2020 to 2024, indicated by a significant CAGR of 48.1%. The momentum accelerated further between 2023 and 2024, with a notable growth rate of 61.1%, showcasing a strong expanding trend in the market.
The India Flue Gas Desulfurization System Market is growing in response to environmental regulations and the need to reduce sulfur dioxide emissions from industrial processes, especially in the power generation sector. Flue gas desulfurization systems play a critical role in mitigating air pollution and ensuring compliance with emission standards. As environmental concerns become more prominent, industries in India are increasingly adopting these systems.
The India flue gas desulfurization system market is expanding due to the imperative to reduce air pollution from industrial and power plants. Government regulations mandating lower sulfur dioxide emissions have created a strong demand for flue gas desulfurization systems. The increasing number of coal-fired power plants in the country also drives the market, as these plants are a significant source of sulfur dioxide emissions. Additionally, the heightened awareness of environmental issues and the need to meet international environmental standards contribute to the adoption of these systems.
Flue gas desulfurization (FGD) systems in India encounter several obstacles. One significant challenge is the need for retrofitting existing coal-based power plants with FGD systems to comply with environmental regulations. This retrofitting process is expensive and complex, requiring substantial investments. Another challenge is the disposal and management of the waste generated by FGD systems, which can be environmentally problematic. Additionally, issues related to corrosion and material selection for FGD components can impact the longevity and efficiency of these systems.
The India flue gas desulfurization (FGD) system market faced challenges during the COVID-19 pandemic, as industrial operations slowed down and construction projects were delayed. The reduced demand for power and industrial emissions control systems affected the FGD market. However, the environmental concerns and regulatory requirements related to air quality and emissions control remained a driving force for FGD adoption. Industries recognized the long-term benefits of reducing sulfur dioxide emissions and improving air quality. As economic activities gradually recover and the focus on sustainability and emission control intensifies, the India FGD system market is expected to regain its growth trajectory, especially in the power generation sector.
Key players in India flue gas desulfurization system market include Thermax and Doosan. These companies specialize in providing advanced solutions for reducing sulfur dioxide emissions in industries, especially in thermal power plants and industrial processes.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Flue Gas Desulfurization System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Flue Gas Desulfurization System Market Revenues & Volume, 2021 & 2031F |
3.3 India Flue Gas Desulfurization System Market - Industry Life Cycle |
3.4 India Flue Gas Desulfurization System Market - Porter's Five Forces |
3.5 India Flue Gas Desulfurization System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Flue Gas Desulfurization System Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.7 India Flue Gas Desulfurization System Market Revenues & Volume Share, By Installation, 2021 & 2031F |
4 India Flue Gas Desulfurization System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent environmental regulations in India promoting the adoption of flue gas desulfurization systems. |
4.2.2 Increasing industrial activities and power generation in India leading to higher demand for emission control technologies. |
4.2.3 Growing awareness among industries about the importance of reducing air pollution and its impact on public health. |
4.3 Market Restraints |
4.3.1 High initial capital investment required for installing flue gas desulfurization systems. |
4.3.2 Lack of skilled manpower for operating and maintaining these systems effectively. |
4.3.3 Challenges related to disposal of waste generated during the desulfurization process. |
5 India Flue Gas Desulfurization System Market Trends |
6 India Flue Gas Desulfurization System Market, By Types |
6.1 India Flue Gas Desulfurization System Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Flue Gas Desulfurization System Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Flue Gas Desulfurization System Market Revenues & Volume, By Wet, 2021-2031F |
6.1.4 India Flue Gas Desulfurization System Market Revenues & Volume, By Dry & Semi-Dry, 2021-2031F |
6.2 India Flue Gas Desulfurization System Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Flue Gas Desulfurization System Market Revenues & Volume, By Power Generation, 2021-2031F |
6.2.3 India Flue Gas Desulfurization System Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.4 India Flue Gas Desulfurization System Market Revenues & Volume, By Iron & Steel, 2021-2031F |
6.2.5 India Flue Gas Desulfurization System Market Revenues & Volume, By Cement Manufacturing, 2021-2031F |
6.3 India Flue Gas Desulfurization System Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 India Flue Gas Desulfurization System Market Revenues & Volume, By Greenfield , 2021-2031F |
6.3.3 India Flue Gas Desulfurization System Market Revenues & Volume, By Brownfield, 2021-2031F |
7 India Flue Gas Desulfurization System Market Import-Export Trade Statistics |
7.1 India Flue Gas Desulfurization System Market Export to Major Countries |
7.2 India Flue Gas Desulfurization System Market Imports from Major Countries |
8 India Flue Gas Desulfurization System Market Key Performance Indicators |
8.1 Average reduction in sulfur dioxide emissions achieved by the installed flue gas desulfurization systems. |
8.2 Percentage of power plants and industrial units in India complying with emission standards. |
8.3 Number of new installations of flue gas desulfurization systems in India over a specific period. |
8.4 Energy efficiency improvements achieved by the implementation of flue gas desulfurization systems. |
8.5 Compliance rate of industries with environmental regulations related to air pollution control. |
9 India Flue Gas Desulfurization System Market - Opportunity Assessment |
9.1 India Flue Gas Desulfurization System Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Flue Gas Desulfurization System Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.3 India Flue Gas Desulfurization System Market Opportunity Assessment, By Installation, 2021 & 2031F |
10 India Flue Gas Desulfurization System Market - Competitive Landscape |
10.1 India Flue Gas Desulfurization System Market Revenue Share, By Companies, 2024 |
10.2 India Flue Gas Desulfurization System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |