Flue gas desulfurization market (FGD) size across the globe accounted for USD xx.xx billion in the historical year (2017), is estimated to inflate at a CAGR of x.x % over the forecast spell (2018-2025). The key factors expected to drive the market of flue gas desulfurization over the forecast period include several regulations by government towards emission control, growth in electricity demand, reagent & equipment replacement market as well as rising number of coal-fired power plants, mostly in Asia Pacific regions owing to rise in energy demand. On the other hand, higher cost of initial FGD systems installation plus high operational energy requirement as well as high waste disposing requirement are some of the major factors predictable to challenge the Flue gas desulfurization market growth in upcoming years.
The global market of flue gas desulfurization has been segmented by different types, installation, end-user and geography. Further, type segment of the market has been bifurcated into wet flue gas desulfurization system as well as dry & semi-dry flue gas desulfurization system. Type segment of the market is led by wet flue gas desulfurization system division owing to their rising adoption in various industries.
Likewise, end-user segment of the global flue gas desulfurization market has been sub-segmented into chemical, power generation, cement manufacturing, iron & steel and others. Power generation division of the end-user segment is probable to dominate the market obtaining largest flue gas desulfurization market share. Furthermore, coal-fired power plant is one of the major source of sulfur pollutants as coal contains high volume of sulfur. Thus, increasing demand for coal-fired power generation is also pushing the flue gas desulfurization market growth.
Geographically, Asia Pacific region is likely to holds the largest flue gas desulfurization market share and is also anticipated to grow at a substantial CAGR of xx% by the end of forecast period. The growth of the region is because of growing demand on account of stringent regulations by the for power generation industries in the region.
The flue gas desulfurization industry is moderately consolidated in nature as well as is led by certain key players for instance China Boqi, Alstom S.A., Babcock & Wilcox Company, Ducon Technologies Inc., Chiyoda Corporation, Hamon Research-Cottrell, Hitachi Power System America Ltd, Marsulex Environmental Technologies, Lonjing Environment Technology Co. Ltd, Mitsubishi Heavy Industries Ltd., Thermax and Siemens Energy.
Flue Gas Desulfurization Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 31.03 Billion |
| Growth Rate | CAGR of 5.5 % during 2022-2030 |
| Segment Covered | Installation Type, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Andritz AG, Babcock & Wilcox Enterprises Inc., China Boqi Environmental (Holding) Co. Ltd., Chiyoda Corporation, Doosan Lentjes GmbH, Ducon Technologies Inc., FLSmidth & Co., General Electric Company, Hamon Group, Kawasaki Heavy Industries Ltd., LAB S.A., Marsulex Environmental Technologies, Mitsubishi Heavy Industries Ltd., Rafako S.A |
Key segments of the global flue gas desulfurization market include:
- Installation Segment
- Greenfield
- Brownfield
- Type Segment
- Wet flue gas desulfurization System
- Dry & Semi-dry flue gas desulfurization System
- End User Segment
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- Geographical segmentation
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Frequently Asked Questions (FAQ) :
Adroit Market Research has segmented the flue gas desulfurization market by Installation, Type, End User and geography.
The major players are instance China Boqi, Alstom S.A., Babcock & Wilcox Company, Ducon Technologies Inc., Chiyoda Corporation, Hamon Research-Cottrell, Hitachi Power System America Ltd, Marsulex Environmental Technologies, Lonjing Environment Technology Co. Ltd.
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