Clean Coal Market to 2020 - Adoption of Advanced Technologies such as IGCC will Increase Due to Rise in Consumer Demand and Stringent Environmental Regulations by GBIResearch

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									     Clean Coal Market to 2020 - Adoption of Advanced
   Technologies such as IGCC will Increase Due to Rise in
 Consumer Demand and Stringent Environmental Regulations
 Reference Code: GBICT0041ICR                                                                                Publication Date: April 2011

                                   Need for More Installed Generation Capacity Will Boost the Clean Coal Market
                                   There has been a significant increase in electricity demand over the past two decades. Increasing
                                   demand for power has resulted in the commissioning of more power plants, and therefore an
                                   increase in the production of emissions by this sector.
                                   To meet rising power demands, many countries like China, the US, India, Germany and Taiwan
                                   have planned to introduce more coal-fired power plants. According to the regulations, it is
                                   mandatory for new power generators to incorporate Flue Gas Desulfurization (FGD) technology.
                                   Increases in power plant capacities are expected to accelerate the clean coal equipment
                                   installation. Upgrades to existing plants will also drive short-term growth. The impact of this driver is
                                   expected to reduce due prominence of renewable sources for generating power.
                                   Global Imperative to Reduce Carbon Dioxide Emissions will Spur the Deployment of Clean
                                   Coal Technologies

   Lower rates of deployment       The development of the North American clean coal technology market is mostly concentrated in the
   due to high capital costs in    US. The US has devised an investment strategy for the clean coal technology market based on the
   the clean coal market to        objective of reducing emissions from all sources. The US has strategically formulated the clean
   result in decreased CAGR        coal development process which is based on three pillars. The pillars are technology development,
   for the period 2010–2020        commercial readiness and market penetration.
                                   Global Clean Coal Technology Market Demand Expected to reach $183 billion by 2020
                                   The fact that new pulverized coal combustion technologies operate at higher temperatures and
                                   pressures, which has lead to higher efficiencies and reduced carbon dioxide emissions, has
                                   spurred their deployment in the last few years. This trend marked the beginning of the clean coal
                                   technology era and their deployment has so far been successful. The global clean coal technology
                                   demand was $98 billion in 2005 and $124 billion in 2010. GBI Research anticipates that by the end
                                   of 2020, the global demand for clean coal technology will be $183 billion. The compound annual
                                   growth rate (CAGR) for the period 2005–2009 was 6% and the CAGR for the period 2010–2020 is
                                   expected to be 4%. The decrease in CAGR for the period 2010–2020 is an indication of lower rate
                                   of deployment because of higher capital costs. The CCT market will witness an increase in the
                                   deployment of CCT technology in the period 2020–2030 because of reduced capital costs.




Clean Coal Market to 2020 - Adoption of Advanced                                                        GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                               Page 1
                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                    Clean Coal Technology Market, Global, Demand ($bn), 2005–2020

                                                                  200
                                                                                                           CAGR (2010-2020): 4%
                                                                  180

                                                                  160
                                                                         CAGR (2005-2009): 6%
                                                                  140




                                            Market Demand ($bn)
                                                                  120

                                                                  100

                                                                   80

                                                                   60

                                                                   40

                                                                   20

                                                                    0
                                                                        2005                2009                2010                 2020

                                    Source: GBI Research



                                   Global Clean Coal Equipment Market Revenues Expected to Reach $12 Billion by 2020
                                   The main drivers for the growth of the clean coal equipment market are the air pollution regulations,
                                   which are becoming ever more stringent. Regulations will likely become tighter because of the
                                   increasing number of coal-fired plants in Asia, North America and Europe. The number of coal-fired
                                   plants built in China and India are also very high and the need for creating a sustainable
                                   environment worldwide would act as a catalyst for global clean coal.
                                   The global clean coal equipment market generated revenue of $8.9 billion in 2009, and is expected
                                   to reach $12 billion in 2020, growing at a CAGR of 3% over the forecast period.
                                   During the period 2010–2015, marginal growth in revenues is expected due to upcoming clean
                                   thermal and renewable technologies, which in turn will impact the market. The growth is expected
                                   to slow down during this forecast period; however, the market is expected to regain pace after
                                   2015.




Clean Coal Market to 2020 - Adoption of Advanced                                                                       GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                            Page 2
                                                                                    © GBI Research. This is a licensed product and is not to be photocopied
                                   The figure below shows the clean coal equipment market revenues for the period 2006–2020.

                                    Clean Coal Equipment Market, Global, Revenues ($bn), 2006–2020

                                                        14.00


                                                                                                           CAGR (2010-2020): 3%
                                                        12.00
                                                                CAGR (2006-2009): 3%


                                                        10.00
                                       Revenues ($bn)


                                                         8.00



                                                         6.00



                                                         4.00



                                                         2.00



                                                         0.00
                                                                2006                     2009                    2010                   2020


                                    Source: GBI Research




Clean Coal Market to 2020 - Adoption of Advanced                                                                    GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                          Page 3
                                                                                  © GBI Research. This is a licensed product and is not to be photocopied
                                   1      Table of Contents
                                   1   Table of Contents ........................................................................................................................ 4
                                       1.1    List of Tables..................................................................................................................... 6
                                       1.2    List of Figures ................................................................................................................... 8
                                   2   Clean Coal Technology Market – Introduction ............................................................................. 9
                                       2.1    GBI Research Report Guide ............................................................................................. 9
                                   3   Clean Coal Market - Overview and Market Force Analysis ....................................................... 10
                                       3.1    Clean Coal Market – Overview ....................................................................................... 10
                                          3.1.1    Clean Coal Technology Market ............................................................................... 12
                                          3.1.2    Clean Coal Equipment Market ................................................................................. 12
                                       3.2    Clean Coal Market, Market Force Analysis ..................................................................... 15
                                          3.2.1    Clean Coal Market, Key Drivers .............................................................................. 15
                                          3.2.2    Clean Coal Market, Key Restraints.......................................................................... 19
                                          3.2.3    Clean Coal Market, Key Challenges. ....................................................................... 21
                                   4   Clean Coal Technology Market, 2020 ....................................................................................... 23
                                       4.1    Clean Coal Technology Market, Global, 2005–2020....................................................... 23
                                       4.2    Clean Coal Technology Market, Based on Technology Type, 2005–2020 .................... 25
                                          4.2.1    Supercritical PC Market, Global, Demand, ($ billion), 2005–2020 ........................... 25
                                          4.2.2    Ultra–Supercritical PC Market, Global, Demand, ($ billion), 2005–2020 ................. 27
                                          4.2.3    PCFBC Market, Global, Demand, 2005–2020 ......................................................... 29
                                          4.2.4    IGCC Market, Global, Demand, 2005–2020 ............................................................ 31
                                   5   Clean Coal Technology Market – Geographic Analysis............................................................. 33
                                       5.1    Clean Coal Technology Market, North America, 2010 .................................................... 34
                                          5.1.1    Planned and Under–Construction Plants in the US ................................................. 35
                                          5.1.2    Planned and Under–Construction Plants in Canada ............................................... 40
                                       5.2    Clean Coal Technology Market, South America, 2010 ................................................... 41
                                          5.2.1    Planned and Under–Construction Plants in South America .................................... 41
                                       5.3    Clean Coal Technology Market, APAC, 2010 ................................................................. 43
                                          5.3.1    Planned and Under–Construction Plants in China................................................... 43
                                          5.3.2    Planned and Under–Construction Plants in India .................................................... 54
                                       5.4    Clean Coal Technology Market, EMEA, 2010 ................................................................. 57
                                          5.4.1    Planned and Under–construction Plants in EMEA................................................... 57
                                   6   Clean Coal Equipment Market, 2020 ......................................................................................... 59
                                       6.1    Clean Coal Equipment Market, Global, 2006–2020 ........................................................ 59
                                          6.1.1    Clean Coal Equipment Market, Based on the Equipment Types, ($ billion), 2006–
                                                   2020 ........................................................................................................................ 61
                                          6.1.2    Clean Coal Equipment Market, Based on the Geography, ($ billion), 2006–2020 .. 69
                                   7   Clean Coal Market – Key Regulations ....................................................................................... 77
                                       7.1    Clean Coal Market, North America Regulations.............................................................. 77
                                          7.1.1    Replacement of Clean Air Mercury Rule ................................................................. 77
                                          7.1.2    Clean Air Interstate Rule (CAIR).............................................................................. 78
                                       7.2    Clean Coal Market, Europe Regulations ......................................................................... 79
                                          7.2.1    IPPC Directive ......................................................................................................... 79
                                          7.2.2    LCP Directive........................................................................................................... 79
                                          7.2.3    CCS Regulation in the EU ....................................................................................... 80
                                       7.3    Clean Coal Market, APAC Regulations........................................................................... 82
                                          7.3.1    China ....................................................................................................................... 82
                                          7.3.2    Japan ....................................................................................................................... 83
                                          7.3.3    Vietnam ................................................................................................................... 84
                                          7.3.4    Indonesia ................................................................................................................. 84
                                          7.3.5    Philippines ............................................................................................................... 84
                                          7.3.6    India......................................................................................................................... 85
                                          7.3.7    Australia .................................................................................................................. 86
                                   8   Clean Coal Market – Emerging Technologies ........................................................................... 87


Clean Coal Market to 2020 - Adoption of Advanced                                                                                  GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                                                   Page 4
                                                                                     © GBI Research. This is a licensed product and is not to be photocopied
                                      8.1    Carbon Sequestration Technology: Awaiting Commercial Deployment .......................... 87
                                      8.2    Challenges Associated with the Technology................................................................... 94
                                   9 Clean Coal Equipment Market – Key Players ............................................................................ 95
                                      9.1    Alstom SA ....................................................................................................................... 96
                                         9.1.1    Alstom SA, Company Overview............................................................................... 96
                                         9.1.2    Alstom SA, Business Description ............................................................................ 96
                                         9.1.3    Alstom SA, SWOT Analysis ..................................................................................... 98
                                      9.2    Mitsubishi Heavy Industries, Ltd. .................................................................................. 103
                                         9.2.1    Mitsubishi Heavy Industries, Ltd., Company Overview .......................................... 103
                                         9.2.2    Mitsubishi Heavy Industries, Ltd., Business Description........................................ 103
                                         9.2.3    Mitsubishi Heavy Industries, Ltd. – SWOT Analysis .............................................. 104
                                      9.3    The Babcock & Wilcox Company .................................................................................. 107
                                         9.3.1    The Babcock & Wilcox, Company Overview.......................................................... 107
                                         9.3.2    The Babcock & Wilcox Company, Business Description ....................................... 107
                                         9.3.3    The Babcock & Wilcox Company – SWOT Analysis ............................................. 109
                                      9.4    Hamon Research–Cottrell Inc. ...................................................................................... 112
                                         9.4.1    Hamon Research–Cottrell Inc., Company Overview ............................................. 112
                                         9.4.2    Hamon Research–Cottrell Inc., Business Description ........................................... 112
                                         9.4.3    Hamon Research–Cottrell Inc. – SWOT Analysis.................................................. 113
                                      9.5    Marsulex Environmental Technologies ......................................................................... 115
                                         9.5.1    Marsulex Environmental Technologies, Company Overview ................................. 115
                                         9.5.2    Marsulex Environmental Technologies, Business Description............................... 115
                                         9.5.3    Marsulex Environmental Technologies – SWOT Analysis ..................................... 116
                                   10 Appendix ................................................................................................................................. 118
                                      10.1 About GBI Research ..................................................................................................... 118
                                      10.2 Abbreviations ................................................................................................................ 118
                                      10.3 Assumptions ................................................................................................................. 120
                                         10.3.1 Clean Coal Technology Assumptions .................................................................... 120
                                         10.3.2 Clean Coal Equipment Assumptions ..................................................................... 122
                                      10.4 Geographic Coverage ................................................................................................... 123
                                      10.5 Methodology ................................................................................................................. 123
                                         10.5.1 Coverage ............................................................................................................... 123
                                         10.5.2 Secondary Research ............................................................................................. 124
                                         10.5.3 Primary Research .................................................................................................. 124
                                         10.5.4 Expert Panel Validation ......................................................................................... 124
                                      10.6 Contact Us .................................................................................................................... 125
                                      10.7 Disclaimer ..................................................................................................................... 125




Clean Coal Market to 2020 - Adoption of Advanced                                                                                  GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                                                   Page 5
                                                                                     © GBI Research. This is a licensed product and is not to be photocopied
                                   1.1    List of Tables
                                   Table 1:    Global, Installed Coal-fired Generating Capacity (GW), 2005–2020 .............................. 10
                                   Table 2:    ESP Description, 2010 ................................................................................................... 12
                                   Table 3:    FGD Description, 2010................................................................................................... 13
                                   Table 4:    Wet FGD, Snapshot ....................................................................................................... 14
                                   Table 5:    Low Nox Burner, SCR, SNCR, Description, 2010 .......................................................... 15
                                   Table 6:    Clean Coal Market, Key Drivers ..................................................................................... 18
                                   Table 7:    Clean Coal Market, Key Restraints ................................................................................ 20
                                   Table 8:    Clean Coal versus Natural gas Fuelled Plants, Comparison, 2010 ................................ 21
                                   Table 9:    Clean Coal Market, Key Challenges .............................................................................. 22
                                   Table 10:   Clean Coal Technology Market, Global, Demand ($bn), 2005–2020 ............................. 24
                                   Table 11:   Supercritical Technology, Present Market Scenario....................................................... 25
                                   Table 12:   Supercritical versus Sub-critical PC Technology, 2010 .................................................. 25
                                   Table 13:   Supercritical PC Market, Global, Demand ($bn), 2005–2020 ........................................ 26
                                   Table 14:   Ultra–supercritical Technology, Present Market Scenario.............................................. 27
                                   Table 15:   Ultra-supercritical PC Market, Global, Demand ($bn), 2005–2020 ................................ 28
                                   Table 16:   PCFBC Market, Global, Demand ($bn), 2005–2020 ...................................................... 30
                                   Table 17:   IGCC Market, Present Market Scenario ......................................................................... 31
                                   Table 18:   IGCC Market, Global, Demand ($bn), 2005–2020 ......................................................... 32
                                   Table 19:   Clean Coal Technology Market, the US, Number of Under–construction and Planned
                                               Coal Fired Plants, 2010.................................................................................................. 35
                                   Table 20:   Number of Under–construction and Planned Coal Fired Plants, Canada, 2010 ............ 40
                                   Table 21:   Number of Under–construction and Planned Coal Fired Plants, South America, 2010.. 41
                                   Table 22:   Number of Under–construction and Planned Coal Fired Plants, China, 2010................ 43
                                   Table 23:   Key Under–construction and Planned Coal Fired Plants, India, 2010 ............................ 54
                                   Table 24:   Key Under–construction and Planned Coal-fired Plants, EMEA, 2010 .......................... 57
                                   Table 25:   Clean Coal Equipment Market, Global, Revenues ($bn), 2006–2020 ............................ 60
                                   Table 26:   ESP Market, Global, Revenues ($bn), 2006–2020 ........................................................ 62
                                   Table 27:   FGD Market, Global, Revenue ($bn), 2006–2020 .......................................................... 64
                                   Table 28:   NOx Market, Global, Revenue ($bn), 2006–2020 .......................................................... 66
                                   Table 29:   Fabric Filter Market, Global, Revenue ($bn), 2006–2020 .............................................. 68
                                   Table 30:   Clean Coal Equipment Market, North America, Revenues ($bn), 2006–2020 ............... 70
                                   Table 31:   Clean Coal Equipment Market, Europe, Revenues ($bn), 2006–2020........................... 72
                                   Table 32:   Clean Coal Equipment Market, APAC, Revenues ($bn), 2006–2020 ............................ 74
                                   Table 33:   Clean Coal Equipment Market, Rest of the World, Revenues ($bn), 2006–2020 .......... 76
                                   Table 34:   Proposed Mercury And Air Toxics Standards, The US, Key Description, 2011 ............. 78
                                   Table 35:   Best Available Techniques for SO2 reduction, Large Combustion Plants Directive, 2010
                                               ....................................................................................................................................... 79
                                   Table 36:   New Minimum NOx Emission Limit Values (ELV) for Large Combustion Plants (LCP),
                                               2009 ............................................................................................................................... 80
                                   Table 37:   Asia-Pacific Regulatory Framework, Emission Control for Coal-fired Plants – A Snapshot
                                               ....................................................................................................................................... 82
                                   Table 38:   Coal-fired Power Plants, Acceptable Emission Levels, Japan, 2009 ............................. 83
                                   Table 39:   Coal-fired Power Plants, Acceptable Emission Levels, Vietnam , 2009 ......................... 84
                                   Table 40:   Coal-fired Power Plants, Acceptable Emission Levels, Philippines ................................ 84
                                   Table 41:   Thermal Power Plants, Standard For Liquid Effluents, India, 2010 ................................ 85
                                   Table 42:   Thermal Power Plants, Emission Standards, India, 2010 .............................................. 85
                                   Table 43:   Thermal Power Plants, Stack Height/Limits, India, 2010................................................ 85
                                   Table 44:   Emission Standards, New South Wales, Australia, 2011 ............................................... 86
                                   Table 45:   Large Combustion Plant Directive, Australia, 2011 ........................................................ 86
                                   Table 46:   CCS Projects, Canada, 2010 ......................................................................................... 89
                                   Table 47:   CCS Projects, Australia, 2010 ........................................................................................ 89
                                   Table 48:   Overview of Coal Projects , Global, 2010....................................................................... 90
                                   Table 49:   Global CCS Project Status, (%), 2010 ........................................................................... 91
                                   Table 50:   Large Scale CCS Key Project, Global, 2010 .................................................................. 93
                                   Table 51:   Clean Coal Equipment Market, Key Market Players by Product Type, 2009 ................. 95
                                   Table 52:   Alstom SA, SWOT Analysis ........................................................................................... 98
                                   Table 53:   Mitsubishi Heavy Industries, Ltd., SWOT Analysis....................................................... 104
                                   Table 54:   The Babcock & Wilcox Company, SWOT Analysis ...................................................... 109
                                   Table 55:   Hamon Research – Cottrell Inc., SWOT Analysis ........................................................ 113
                                   Table 56:   Marsulex Environmental Technologies, SWOT Analysis ............................................. 116


Clean Coal Market to 2020 - Adoption of Advanced                                                                                    GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                                                       Page 6
                                                                                    © GBI Research. This is a licensed product and is not to be photocopied
                                   Table 57: Abbreviations ............................................................................................................... 118
                                   Table 58: Clean Coal Technology Market, Supercritical and Ultra–supercritical PC, Key
                                             Assumptions, 2010....................................................................................................... 120
                                   Table 59: Clean Coal Technology Market, PCFBC Technology, Key Assumptions, 2010 ........... 121
                                   Table 60: Clean Coal Technology Market, IGCC Plant, Key Assumptions, 2010 ........................ 122




Clean Coal Market to 2020 - Adoption of Advanced                                                                              GBICT0041ICR /Published APR 2011
Technologies such as IGCC will Increase Due to Rise in
Consumer Demand and Stringent Environmental Regulations                                                                                                             Page 7
                                                                                   © GBI Research. This is a licensed product and is not to be photocopied
                                   1.2       List of Figures
                                   Figure 1: Global, Installed Coal-fired Generating Capacity (GW), 2005–2020 .............................. 10
                                   Figure 2: Clean Coal Market, Classification .................................................................................. 11
                                   Figure 3: Clean Coal Equipment Market, SOx Reduction Technologies (%), 2009....................... 13
                                   Figure 4: Clean Coal Equipment Market, NOx Reduction Technologies (%), 2009 ...................... 14
                                   Figure 5: Kyoto Protocol, Description, 2010 .................................................................................. 16
                                   Figure 6: World Coal Association, Policy Statements, 2010.......................................................... 17
                                   Figure 7: Clean Coal Market, Key Drivers ..................................................................................... 18
                                   Figure 8: Clean Coal Market, Key Restraints ................................................................................ 20
                                   Figure 9: Clean Coal Market, Key Challenges .............................................................................. 22
                                   Figure 10: Clean Coal Technology Market, Global, Demand ($bn), 2005–2020 ............................. 23
                                   Figure 11: Supercritical PC Market, Global, Demand ($bn), 2005–2020 ........................................ 26
                                   Figure 12: Ultra-supercritical PC Market, Global, Demand ($bn), 2005–2020 ................................ 27
                                   Figure 13: PCFBC Market, Global, Demand ($bn), 2005–2020 ...................................................... 29
                                   Figure 14: IGCC Market, Global, Demand ($bn), 2005–2020 ......................................................... 31
                                   Figure 15: Clean Coal Market, Active, Planned and Under Construction Coal Plants, by Geography
                                              (%), 2010 ....................................................................................................................... 33
                                   Figure 16: Clean Coal Market, the US, Strategic Road Map, 2010 ................................................. 34
                                   Figure 17: Clean Coal Equipment Market, Global, Revenues ($bn), 2006–2020 ............................ 59
                                   Figure 18: ESP Market, Global, Revenues ($bn), 2006–2020 ........................................................ 61
                                   Figure 19: FGD Market, Global, Revenue ($bn), 2006–2020 .......................................................... 63
                                   Figure 20: NOx Market, Global, Revenue ($bn), 2006–2020 .......................................................... 65
                                   Figure 21: Fabric Filter Market, Global, Revenue ($bn), 2006–2020 ........................
								
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