Global FlueGas Desulfurization 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.
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.
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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.
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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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