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Ash Handling System Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07769
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Dec 2020 | 40 Views
 
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Ash handling is the technique of conveying, collecting, and loading out various types of ash such as bottom ash, fly ash, and bed ash residues left over from solid fuel combustion processes in power plants. Ash handling system is an energy efficient solution used especially in power stations where large quantities of pulverized fuel ash (PFA) is formed. Bottom ash transporting system, coarse ash transporting system, fly ash transporting system, ash slurry disposal system, and coal gasifier ash transporting system are the different types of ash handling systems. An ash handling system is essentially a conveying method of handling ash in a clean and efficient manner. The ash handling system is a fully enclosed method, with exceptional reliability, so as to increase productivity and improve environmental conditions in thermal power plants.

There is an increase in the demand for energy due to rise in industrialization in number of developing countries all over the globe. This surges the number of thermal plants installed each year. Furthermore, in every country, there exists a number of old thermal plants. These thermal plants built with generations old technology are major sources of pollution due to insufficient combustion of the fuel used. Hence, there is a constant increase in the demand for ash handling systems. Many government bodies have also taken steps and are creating policies toward the disposal of ash from these plants. To comply with these regulations, factories need to install ash handling plants.

Market scope and structure analysis:

                   Report Metric

                                                Details

  Market Size Available for Years

  2020–2027

  Base Year Considered

  2019

  Forecast Period

  2020–2027

  Forecast Units

  Value ($U.S. Million)

  Segments Covered

  Type, Systems, End-user Industry, and Region

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, and Rest of Asia Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

Schenck Process, United Conveyor Corporation, Desein, KDucon, Qingdao Sizhou Electric Power Equipment Co. Ltd., Clyde BergemannHuatong Materials Handling Company Limited (CBH), McNally Bharat Engineering Co. Ltd., Sinofinn New Energy Investment Company

 

COVID-19 impact on industry

  • COVID-19 pandemic has shut down the production of various products in the ash handling machine industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of ash handling machine market significantly from last few months.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in demand for ash handling

Increase in demand for ash handling systems in thermal power plants is expected to lead to the growth of the ash handling system market during the forecast period. Ash handling systems are used to cool down the ash in thermal power plants, so as to manage temperature transferred to a storage or disposable area, which can be further utilized in other industries. This is one of the major factors that fosters the market growth. Increase in industrial infrastructure activities in the developed and developing economies is expected to fuel the market growth for ash handling systems.   Governments of developed and developing countries across the world are implementing environment protection laws and plans to regulate ash produced in industrial factories. This in turn is expected to accelerate the growth of the ash handling system market during the forecast period. Furthermore, industrial factories need to deploy ash handling systems in their manufacturing plants to conform these government regulations.

Increase in usage in ash handling machine 

Thermal power plants all over the world use coal as a major source of energy. Due to its lower cost and wider availability it has been give more preference over other means 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. This ash once escapes the plants and is a source of widespread environmental pollution. Due to increased awareness for pollution caused by the factories and power plants, there has been demand for the ash handling systems to reduce the level of pollution. This demand fosters the installation of ash handling plants in the factory. In every country, a large number of old power plants exist. Along with this, new power plants are installed every year to meet the rise in demand for energy. These older power plants with old technology produce a large amount of ash due to insufficient combustion. After that, no matter how efficient is the process, some ash will always be generated. This presents a huge market for ash handling plants, which increases the market growth.

Key segments covered:

                  Segments

                                 Sub-segments

  Product Type

  • Wet Type
  • Dry Type

  System

  • Hydraulic System
  • Pneumatic System
  • Mechanical System

  End-user Industry

  • Power Plant
  • Steel Plant
  • Waste to Energy Plant
  • Others

 

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the ash handling system industry along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ash handling market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the ash handling system market growth scenario.
 
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