Technical Article, Thought Leadership & Public Relations for the Energy & Power Industry

Indian Power Market for Emission Control Expected to See Explosive Growth

Fugitive Emissions Journal | March 2017 | Krishnan & Associates

Krishnan & Associates has produced several thought leadership papers aimed at the energy and power industry. In the whitepaper below, we discuss the market for emission control systems in India, exploring the current situation, key trends, and future opportunities for companies involved in this sector.

India's high reliance on coal for electricity (approximately 61% of its power is coming from coal) makes strong emission control measures very important. With 70.5 GW of coal power under development, the country is under pressure to meet the Ministry of Environment & Forests (MOE&F) tough new emission standards. These new laws were introduced in December 2015 which will help in minimizing harmful emissions such as Nitrogen Oxide (NOx), Sulfur Dioxide (SO2), and Particulate Matter (PM) in order to meet global standards and require innovative emission control systems.

This shift provides a market worth more than $10 billion for Air Quality Control Systems (AQCS), which includes Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) for NOx, Flue Gas Desulfurization (FGD) for SO2, and Electrostatic Precipitators (ESPs) for PM. The high ash content of Indian coal presents a challenge to SCR technology, which is crucial for decreasing NOx emissions. India is expected to become the world's largest market for FGD systems because of the revised SO2 emission standards.

Despite these opportunities, India faces many challenges which they need to overcome. Power companies are concerned about the high prices, tight timeframes, and difficulty in recovering these prices. With over 30 worldwide suppliers, competition is severe, and local manufacturing is critical to maintaining competitiveness. The implementation of these emission control standards are expected to see delays due to challenges associated with capex and cost recovery.

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