The global ash handling system market size was valued at $3,367.9 million in 2021, and is projected to reach $4,780.9 million by 2031, registering a CAGR of 3.4% from 2022 to 2031. Various industries such as steel, cement, Incineration plants, and others, along with power plants produce high volumes of ash. Mostly toxic ash is required to be handled and disposed of properly. This is done using ash handling systems, which typically utilize hydraulic, pneumatic, and mechanical systems.
Industrial ash, typically generated from the combustion of coal, or biomass contains chemicals that are hazardous for humans, and if it is released in water bodies, it can destroy entire ecosystems. Thus, governments of various countries have introduced policies that regulate the disposal of ash; thereby, driving growth of ash handling system market. In addition to this, ash is reused to produce bricks, and is also used in concrete. Furthermore, owing to rising industrialization driven by rising purchasing power of masses, and increasing population governments in developing countries are building coal-fired power plants; however, the growth rate of coal-fired power plants is declining. In addition to this, countries in Asia-Pacific hold a large market share of the ash handling system market, owing to presence of small-, medium-, and large-scale steel and cement manufacturing industries, as well as the presence of coal fired power plants.
The ash handling system market is segmented on the basis of ash type, system type, end-user industry, and region. By ash type, it is bifurcated into fly ash and bottom ash. By system type, the market is classified into hydraulic, pneumatic, and mechanical. By end-user industry, it is classified into power plants, cement manufacturing, steel plants, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players within ash handling system market are profiled in this report and their Strategies are analyzed thoroughly, which help understand the competitive outlook of the ash handling system industry.
Industrial ash, typically generated from the combustion of coal, or biomass contains chemicals that are hazardous for humans, and if it is released in water bodies, it can destroy entire ecosystems. Thus, governments of various countries have introduced policies that regulate the disposal of ash; thereby, driving growth of ash handling system market. In addition to this, ash is reused to produce bricks, and is also used in concrete. Furthermore, owing to rising industrialization driven by rising purchasing power of masses, and increasing population governments in developing countries are building coal-fired power plants; however, the growth rate of coal-fired power plants is declining. In addition to this, countries in Asia-Pacific hold a large market share of the ash handling system market, owing to presence of small-, medium-, and large-scale steel and cement manufacturing industries, as well as the presence of coal fired power plants.
The ash handling system market is segmented on the basis of ash type, system type, end-user industry, and region. By ash type, it is bifurcated into fly ash and bottom ash. By system type, the market is classified into hydraulic, pneumatic, and mechanical. By end-user industry, it is classified into power plants, cement manufacturing, steel plants, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
Competitive analysis and profiles of the major players in the ash handling system market, such as ANDRITZ, Babcock & Wilcox Enterprises, Inc., Bevcon Wayors, Macawber Beekay, McNally Bharat Engineering Co., Nederman National Conveyors, ProcessBarron, Qingdao Sizhou Electric Power Equipment Co. Ltd., Schenck Process, and United Conveyor Corporation are analyzed and incorporated in the report.Key Benefits For Stakeholders
- The report provides an Extensive analysis of the current and emerging ash handling system market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
- Extensive analysis of the ash handling system market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The key market players within ash handling system market are profiled in this report and their Strategies are analyzed thoroughly, which help understand the competitive outlook of the ash handling system industry.
Key Market Segments
By System Type
- Pneumatic System
- Mechanical System
- Hydraulic System
- Power Plant
- Cement Manufacturing
- Steel Plant
- Other
By Ash Type
- Fly Ash
- Bottom Ash
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Babcock and Wilcox
- Macawber Beekay Pvt Ltd.
- Nederman National Conveyors
- ProcessBarron
- Andritz
- Schenck Process
- United Conveyor Corporation
- Mcnally Bharat Engineering Company Ltd
- Qingdao Sizhou Electric Power Equipment Co. Ltd.
- Bevcon Wayors Private Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ASH HANDLING SYSTEM MARKET, BY ASH TYPE
CHAPTER 5: ASH HANDLING SYSTEM MARKET, BY SYSTEM TYPE
CHAPTER 6: ASH HANDLING SYSTEM MARKET, BY END-USER INDUSTRY
CHAPTER 7: ASH HANDLING SYSTEM MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'Ash Handling System Market,' the ash handling system market was valued at $3.4 billion in 2021, and is estimated to reach $4.8 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031. Ash handling systems are utilized to collect and transfer ash in a facility such as steel manufacturing, cement manufacturing, coal-fired power plants, and others such as incineration plants. An ash handling system mainly uses three mediums to transfer ash within a facility, which are water, air stream, and mechanical machines.Key factors driving the growth of the ash handling systems market include by stringent regulations by the government, a rise in the number of thermal power plants in few countries, and growing demand for steel by automotive, construction, and other industries. The combustion of coal and other organic products leads to greenhouse gas emission, along with the generation of other harmful byproducts of combustion which largely includes ash. Coal ash, which is a major contributor to the total ash produced in a year is a very toxic substance. The chemicals coal ash constitutes include lead, cadmium, chromium, arsenic, mercury, silica, and other causes of mental and physical diseases and disorders in humans. According to the American Coal Ash Association 2022 Production and Use Survey, coal-fired power plants produced 77.3 million tons of coal combustion products (CCP), up from 69.1 million tons in 2020. Therefore, governments across the globe require ash-producing industries such as thermal power plants, incinerators, and others to properly handle the ash to safeguard the health of workers working in and people living near the site. For instance, in 2018, the U.S., EPA revised the Disposal of Coal Combustion Residuals from Electric Utilities final rule, which was first implemented in 2015. This rule finalized national regulations to provide a comprehensive set of requirements for the safe disposal of coal ash from coal-fired power plants. Similar regulations guide ash handling in countries across the world, which drive demand for ash handling systems.
Construction industry is a major user of coal ash such as fly ash, and bottom ash. Fly ash, and bottom ash are extensively used to mix in the concrete, which technically makes it better and reduces the amount of cement used in that concrete. The increase in global population and urbanization is increasing the rate of construction of residential and non-residential buildings along with the construction of various infrastructure projects. For instance, major countries such as UAE, New Zealand, Australia, Japan, Brazil, Denmark, Sweden, Jordan, Israel, Qatar, and others have witnessed more than 85% of urbanization. This has led to the overpopulation of the major cities of the world. Thus, the upgradation and development of infrastructure have become a necessity for most cities in the world. For instance, Indonesia is building a new planned capital city known as Nusantara. Its construction started in July 2022 and is expected to be inaugurated in August 2024. Furthermore, in November 2022, in India, Reliance Industries Ltd., announced its plans to build a greenfield smart city near Gurugram. Thus, an increase in construction activities that utilize coal ash is driving the demand for ash handling systems.
The ash handling system market is segmented on the basis of ash type, system type, end-user industry, and region. By ash type, it is bifurcated into fly ash and bottom ash. By system type, the market is classified into hydraulic, pneumatic, and mechanical. By end-user industry, it is classified into power plants, cement manufacturing, steel plants, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study include ANDRITZ, Babcock & Wilcox Enterprises, Inc., Bevcon Wayors, Macawber Beekay, McNally Bharat Engineering Co., Nederman National Conveyors, ProcessBarron, Qingdao Sizhou Electric Power Equipment Co. Ltd., Schenck Process, and United Conveyor Corporation are analyzed and incorporated in the report. The players in the market have been actively engaged in the adoption of various Strategies to remain competitive and gain an advantage over the competitors in the market.
Key Market Insights
By ash type, the fly ash segment was the highest revenue contributor to the market and is estimated to reach $3,551.1 million by 2031. Moreover, the bottom ash segment is estimated to be the fast-growing segment with a CAGR of 3.7% during the forecast period.By system type, the hydraulic segment dominated the global market. However, the pneumatic segment is expected to be the fastest-growing segment with a CAGR of 3.7% during the forecast period.
Based on end-user industry, the power plants segment was the highest revenue contributor to the market in 2021, and the cement manufacturing segment is expected to grow with a CAGR of 4.0% during the forecast period.
Based on region, Asia-Pacific garnered the largest revenue share in 2021, and LAMEA is anticipated to grow at the highest CAGR of 4.4% during the forecast period.
Companies Mentioned
- Babcock and Wilcox
- Macawber Beekay Pvt Ltd.
- Nederman National Conveyors
- ProcessBarron
- Andritz
- Schenck Process
- United Conveyor Corporation
- Mcnally Bharat Engineering Company Ltd
- Qingdao Sizhou Electric Power Equipment Co. Ltd.
- Bevcon Wayors Private Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 188 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3367.9 million |
| Forecasted Market Value ( USD | $ 4780.9 million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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