The “Flue Gas Desulfurization Systems Market ” Research Report offers a comprehensive coverage spanning across numerous pages, delivering exclusive data, essential information, vital statistics presented through tables and figures, industry trends, and an in-depth analysis of the competitive landscape within this specialized sector.
The global flue gas desulfurization (FGD) systems market size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%. Outdoor air quality is a vital aspect to be maintained to safeguard humans from the hazardous health effects caused due to contaminated pollutants. These pollutants contain releases of exhaust gases such as NOx, SOx, dust, and others from cement manufacturing, power generation, chemical processing, semiconductor manufacturing, mining, energy, and oil & gas. Hence, FGD systems are used to control and curtail the emission of SO2 and other gaseous pollutants.
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Increase in awareness about the harsh influences of air pollution on well-being and health is promoting many flue gas desulfurization system manufacturers to introduce advanced flue gas desulfurization systems in the market, which acts as a key driver of the global market. In addition, rise in investments in manufacturing sector is one of the major compelling forces that boosts the demand for flue gas desulfurization systems. However, decline in number of new coal power plants is anticipated to hinder the market development in the upcoming years.
On the contrary, enforcement of stringent regulations such as the Environmental Protection Law and others by numerous governments to control air pollution and emissions for protection of the environment is expected to offer lucrative opportunities for the flue gas desulfurization systems market growth. Furthermore, prominent vendors tend to expand their businesses to strengthen their foothold in the market. For instance, recently in June 2019, MHPS-(Philippines) Plant Services Corporation was established by Mitsubishi Hitachi Power Systems, Ltd. (MHPS). The new establishment was formed to offer services for thermal power generation plants in the Philippines.
The global flue gas desulfurization systems market is segmented into technology, application, and region. Depending on technology, the market is divided into wet FGD systems, spray dry FGD system, and dry FGD system. Wet FGD systems segment is anticipated to dominate the global flue gas desulfurization systems market throughout the study period. By application, the market is segregated into power plants, cement, metal processing &mining, manufacturing, and chemicals. The power plants segment is expected to dominate the market during the forecast period.
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Region wise, the flue gas desulfurization systems market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the Netherlands, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period and LAMEA is anticipated to exhibit the highest CAGR.
The key players profiled in this report include Babcock & Wilcox Enterprises, Inc., GE Power, GEA Group Aktiengesellschaft, Mitsubishi Hitachi Power Systems, Ltd, S.A. HAMON, Thermax Ltd, Carmeuse, KraftPowercon, Koch-Glitsch, and ANDRUTZ AG.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global flue gas desulfurization systemsmarket, and current & future trends to elucidate the imminent investment pockets.
– Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY TECHNOLOGY
– Wet FGD Systems
– Spray Dry FGD System
– Dry FGD System
BY APPLICATION
– Power Plants
– Chemicals
– Cement
– Metal Processing and Mining
– Manufacturing
BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o Italy
o UK
o Netherlands
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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Features of the Market Report:
- Comprehensive industry data presented in a user-friendly and easily comprehensible format.
- Detailed market segmentation, providing key insights into each sub-segment of the industry.
- Thorough analysis of profiles of major market players, including their strategies and approaches.
- Precise examination of regional and country-specific sales opportunities in the market.
- In-depth analysis of current and emerging market trends, offering valuable intelligence.
- Identification of industry drivers and restraints that can impact different segments and regions.
- Clear understanding of expansion strategies, new product launches, and potential acquisitions by companies.
- A well-structured report combining insightful literature with graphical representations of relevant market variables
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