Global Flue Gas Desulfurization (FGD) System Market Trends, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global flue gas desulfurization (FGD) system market in its upcoming report titled, “Global Flue Gas Desulfurization (FGD) System Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global flue gas desulfurization (FGD) system market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flue gas desulfurization (FGD) system market report has been segmented on the type, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Flue gas desulfurization, commonly known as FGD, is a technology that is used to remove sulfur dioxide from the exhaust combustion flue gases of power plants, which burn coal or oil to produce steam for the turbines driving electricity generators. FGD is a control device that absorb and react using the alkaline reagent to produce a solid compound. At electric generating stations, two main methods for cleaning flue gases from coal combustion are used which includes dry scrubbing and wet scrubbing.
Stringent government regulation regarding emission of sulfur dioxide into the atmosphere is major factor expected to drive growth of the global flue gas desulfurization (FGD) system market over the forecast period. Increasing demand for flue gas desulfurization system for various sectors such as chemical, power generation, iron & steel, agriculture is another factor expected to boost growth of the global flue gas desulfurization (FGD) system market.
However, flue gas desulfurization (FGD) system consumes high energy which is expected to limit growth of market over the forecast period. In addition, high cost of the system coupled with shift towards renewable energy is another factor expected to hamper growth of the global flue gas desulfurization (FGD) system market, to a significant extent.
The market in the Asia Pacific region contributes major revenue share and is projected to register comparatively faster growth in terms of revenue over the next 10 years. Growing demand for flue gas desulfurization (FGD) system in countries such as India and China is expected to drive growth of the market in the region. In addition, increasing demand for power generation in the country in the region is expected to drive growth of the market over the forecast period. Chemical sector is rapidly growing in the region, with growing chemical sector demand for flue gas desulfurization system is also expected to increase which in turn drives growth of the market over the forecast period.
Global flue gas desulfurization (FGD) system market segmentation, by type:
- Wet Flue Gas Desulfurization System
- Dry Flue Gas Desulfurization System
Global flue gas desulfurization (FGD) system market segmentation, by end user:
- Power Generation
- Iron & Steel
- Cement Manufacturing
Global flue gas desulfurization (FGD) system market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Mitsubishi Heavy Industries, Ltd.
- General Electric
- Doosan Lentjes
- Babcock & Wilcox Enterprises
- FLSmidth & Co. A/S
- Hamon Corporation
- Clyde Bergemann Power Group
- Marsulex Environmental Technologies
- Thermax Limited
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