Global Ash Handling System Market - Growth, Trends, and Forecast (2018 - 2023)
The global ash handling system market is likely to grow in the near future, riding on expansion of power infrastructure. Ash handling systems are used mostly in thermal power plants since this is where ash is generated, in large quantities, as a byproduct. Coal-based thermal power plants mostly use ash handling plants. Apart from these, cogeneration plants, where heat is used in multiple processes, also use ash handling system. Waste to energy plants generate much higher content of ash than regular coal handling plants. Thermal power plants, all over the world, use coal as predominant source of energy. Due to its lower cost and wider availability it has been preferred over other sources of fuel. The problem associated with coal is that majority of coal used is not of high quality, so the energy content of the coal is lower and the ash content is high. Ash, which escapes the plants, is a source of widespread environmental pollution. Due to increased awareness about pollution caused by factories and power plants, there has been a demand to clamp down on the level of pollution. This demand has led to increasing deployment of ash handling plants in factories.
Expanding Industrial Infrastructure is driving the Market
The growth in industrial infrastructure would promulgate the market for ash handling system. There has been increased focus in developing nations to expand the industrial sector. Moreover, many governments have implemented environment protection plans, whereby guidelines for the creation and disposal of wastage is regulated. To comply with these regulations, factories need to employ ash handling plants.
Asia-Pacific is the Region with the Highest Market Share
The Asia-Pacific region has the highest share in the global ash handling system market, owing to massive power generation from coal-based power plants in the region. Additionally, the developing industrial infrastructure in the region is likely to provide a huge thrust to ash handling system market during the forecast period.
China to Dominate the Market Growth
China is moving at a highly accelerated pace, in terms of changing its overall supply of electrical energy, on account of growing demand for electricity in the country. The robust industrial infrastructure and availability of large number of thermal power plants is likely to promulgate the ash handling system market in China, in near future.
Key Developments in the Market
February 2018: Ducon Technologies announced that a recent Motilal Oswal report titled, “Emission Control equipment orders to finally kick start”, mentions material opportunities for new FGD projects for Ducon.
The major players include - Ducon, Mecgale Pneumatics Pvt Ltd, Schenck Process, Desein, Technip, Sinofinn New Energy Investment Company, amongst others.
Reasons to Purchase this Report
Current and future ash handling system market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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