Felton, 3 December
2019 - Flue Gas Desulfurization (FGD) Market
is expected to reach USD 23.69 billion by 2020. Across the world, over 75% of
electricity is being produced from thermal power plant, however coal contains
Sulphur in the range of 0.3% to 1% that varies depending upon origin of
location. Sulphur present in the coal after reaction forms Sulphur dioxide
(SO2) that is toxic to the atmosphere. To save environment form such toxins,
various countries like European and the U.S. countries have strict policy
regarding the discharge of Sulphur dioxide that should be less than 0.05%.
Therefore, power plants are installing Flue Gas Desulfurization (FGD) plant or
unit mainly to lower the Sulphur dioxide in environment.
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The Market is estimated to grow at a significant CAGR of
6.0% over the future period as the scope and its applications are rising
enormously across the globe. Rising use of coal for electricity generation all
over the world, presence of several air pollution control rules, and growing
awareness regarding environment safety are documented as major factors of Flue
Gas Desulfurization Market that are estimated to enhance the growth in the
years to come. However, high cost for the installation of Flue Gas
Desulfurization systems and high active waste and energy disposing requirements
are the factors that may restrain overall market growth in the coming years.
The Market is segmented based on type, technology, end users, and region.
Dry/ Semi-Dry Flue Gas Desulfurization (FGD) System and Wet
Flue Gas Desulfurization (FGD) System are the two main types that could be
explored in Flue Gas Desulfurization in the forecast period. Wet Flue Gas
Desulfurization System sector comprise of seawater, limestone, and others. The
Wet Flue Gas Desulfurization System is estimated to remain dominant in the
coming years. This may be because of high demand in several industries as they
are high efficient to remove sulfur dioxide (SO2) from the flue gas. Also,
rules and regulations set by various federal governments, high demand for
electricity, and growing number of coal-fired power plants in developing
countries are boosting the sector growth.
Exclusively used enhanced technology includes Brownfield and
Greenfield that could be explored in Flue Gas Desulfurization in the foremost
period. The market may be categorized based on end users like cement
manufacturing, power generation, iron & steel, chemical, and others that
could be explored in foremost period. The power generation sector accounted for
the largest market share of Flue Gas Desulfurization and is estimated to lead
the overall market in the upcoming period. The coal-fired power plants use high
sulfur content coal for power generation and high demand for power is boosting
the overall sector growth.
Globally, Asia Pacific accounted for the largest market
share over 53.9% of Flue Gas Desulfurization and is estimated to lead the
overall market in the coming years. The reason behind the growth of overall
market could be rising industrial sectors mainly metals and cement companies in
developing countries like China and India and disturbing levels of pollution in
the region.
Instead, Europe and North America are also estimated to have
a positive influence on the future growth. Europe is the second largest region
with significant market share and is estimated to grow at significant share
over 2.3% in the coming years. This may be because of government initiative in
developing the agricultural sector. However, North America is estimated to grow
at fastest pace with the highest CAGR of 3.6% in the foremost period. The
aspects that may be ascribed to the growth comprise high demand for electricity
in the region and strict environmental policy.
The key players of Flue Gas Desulfurization Market are
Thermax, Alstom S.A., Siemens Energy, China Boqi, Mitsubishi Heavy Industries,
Ltd., Babcock and Wilcox Company, Marsulex Environmental Technologies, Chiyoda
Corporation, Lonjing Environment Technology Co. Ltd., Ducon Technologies Inc.,
Hamon Research-Cottrell, and Hitachi Power System America Ltd. These players
are concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
Market Segment:
Flue Gas
Desulfurization Technology Outlook (Revenue, USD Million, 2012 - 2020)
• Wet Flue Gas
Desulfurization System
• Dry Flue Gas
Desulfurization System
Flue Gas
Desulfurization Application Outlook (Revenue, USD Million, 2012 - 2020)
• New Flue Gas
Desulfurization Systems
• Reagents &
Replacements
Flue Gas
Desulfurization Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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