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Follow on Google News | GBI: Air Pollution Control Market for Coal Fired Power Plants to 2020 on reports-research.comGBI Research, a leading business intelligence provider, has released its latest research, Air Pollution Control Market for Coal Fired Power Plants to 2020 - Increasing Plant Capacity to Present Growth Opportunities.
By: reports-research.com Environmental Legislations Stimulate Growth in North American Market The US Environmental Protection Agency consistently works on new strategies aimed at providing a clearer strategy for industrial investment in air pollution controls. The tightening and widening of environmental legislations is one of the prime drivers of the air pollution control market. This market was created and is primarily driven by the mandates embodied in such regulations, since they call for reductions in hazardous air pollutants emitted from coal-fired power plants. Regulations for the control of pollutants such as mercury are currently being formulated. This calls for technology advancement and the integration of new technology into the existing infrastructure and subsequently results in market growth with the rise in demand. The Canadian government usually practices coordinating its emission reduction targets in line with US moves. Canada has 51 coal-fired plants producing 19% of the country's electricity and 13% of its greenhouse gas emissions. However, 33 of these plants are expected to shutdown by 2025 unless the operators make substantial investments to cut emissions from these aging facilities. The regulations planned for the future are much stringent than he current ones for coal-fired power in the U S. The mandates require power plants to comply through different deadlines. The stringent North American regulations and the size of the market offers a fertile environment for air pollution control applications and production. Asia–Pacific Region Poised for Dramatic Growth in Air Pollution Control Market Facilitated by Soaring Coal Fired Power Plants Capacity The Asia–Pacific region is witnessing significant growth in its air pollution control market on the back of its increasing coal-fired power capacity. This increasing capacity directly demands higher production of Flue Gas Desulphurization (FGD) and particulate matter removal equipment. Nitrous Oxide (NOX) removal is also expecting a promising future with upcoming regulations in certain Asia–Pacific countries. The Asia–Pacific market is expected to gradually supersede the North American market, with huge coal-fired capacity by 2020. Over the last year an unprecedented number of coal-fired projects have been initiated around the world. China is the leader of this trend, but the US and India also have a number of projects in planning and construction phases. In fact, the need for energy security worldwide will result in more thermal power projects for the majority of countries. The APCE market in Asia-Pacific generated revenue of $3.2 Billion in 2009 and is expected to reach $4.6 Billion in 2020, growing at a compound annual growth rate (CAGR) of 3.6% over the forecast period. Market Penetration of Mercury Control Technology Driven by MACT and Set to Expand Air Pollution Control Market The Mercury Emission Control (MEC) business is currently being driven by the rules and regulations of 19 states in USA and several Canadian provinces. The MEC market is set to expand with new and more comprehensive Federal rules. Since the US Clean Air Act requires that all Maximum Achievable Control Technology MACT regulations drafted by the EPA for coal-fired boilers, covering 189 Hazardous Air Pollutants (HAP) including mercury (which is expected to be finalized by 2011), be met within 36 months, this is expected to create a sharp increase in market demand resulting in an expansion of the market starting late next year as utilities accelerate their efforts to become compliant by 2014. Air Pollution Mitigation through Pollution Prevention Technologies Poses Threat to the Market The high capital and operational costs of the APC technologies hinder their adoption. This in turn increases companies’ focus towards less expensive, mitigation-at- Since failing to meet emission standards adversely affects the business, financial condition and results of their operations, utility companies look for alternative ways to comply, such as converting existing facilities to burn other types of fuel which are considered more environmentally friendly, which can often cost less than installing the emissions control systems required to keep an antiquated coal plant running. Increasing focus towards renewable power is also amongst the emission reduction measures undertaken by the governments of many countries across the globe. These factors may thereby result in a significant decline in demand for APC equipment and subsequently impact the global market. Chinese Market Players Emerging as Fierce Competitors in International Market China is the considered both an opportunity and a threat to the APCE market, since it innovates much faster despite many industrial accidents and an often inadequate organizational capacity. Chinese players in this market are very well positioned and will continue to catch-up and potentially leapfrog other competitors in this field. In recent years, Chinese equipment suppliers have taken an active interest in overseas and local markets. Chinese products are priced at a relatively low-price, almost 15 - 20% less than the average global price of APC equipment. Due to substantial capital and operational costs and the uncertainty of emission regulations, end users are inclined towards the minimum possible investment in order to comply with regulations. Therefore, the movement of end users towards low-cost solutions is very likely, even though these low-cost solutions do not guarantee longevity and reliability. These market participants have negatively impacted the market’s profit margins and pose a challenge to overseas suppliers, as domestic companies in this space need to invest less in terms of the production of emission reduction equipment, geographic diversification, and product advertisement, thus benefiting from easier market positioning. GBI: Air Pollution Control Market for Coal Fired Power Plants to 2020 - Increasing Plant Capacity to Present Growth Opportunities: http://www.reports- GBI: More market data and market reports: http://www.reports- # # # markt-studie.de, founded in 2002 has emerged as a leading online portal for market surveys and market research in German speaking areas. Four years later the English language portal reports-research.com was introduced due to the extraordinary success of the portal. Again one year later estudio-mercado.es - the Spanish spoken portal - was founded. The objective of the three portals is to competently and efficiently support consultants and decision makers in management, sales and marketing in the search for worldwide market research. Prospective buyers can look into more than 60,000 market surveys from more than 200 international publishers, current market data for more than 6,000 branches worldwide, 10,000 company profiles as well as a free-of-charge research and recommendation service for individual market research. End
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