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Pulished Date September, 2020
ID: 10265
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Flue Gas Desulfurization Market Segmentation By type (Wet, Dry & Semi-Dry), by end use industry (Power Generation, Chemical, Iron and Steel, Cement Manufacturing), by installation (Greenfield and Brownfield), and Region - Industry Forecast to 2025

Pulished: September, 2020
ID: 10265
Pages: 175

Flue Gas Desulfurization Market size, share, growth Analysis (2020-2025)

The global flue gas desulfurization market is predicted to raise from $ 17.7 billion in the year 2020 to $ 23.1 billion in 2025, with a current CAGR of 5.5 % throughout the foreseen period.

Power generation in any industry it requires combustion of fuels, of which coal and oil are crucial parts. Combustion gases are composed of nitrogen and sulfur oxides and particles that cause air pollution and environmental degradation in the form of acid rain. By one estimate, about 95% of sulfur is converted to sulfur dioxide under standard temperature conditions. Therefore, there is a constant need to reduce sulfur emissions by regulating industrial emissions, which requires different flue gas desulfurization technologies. Flue gas desulfurization (FGD) is primarily employed to remove hazardous sulfur dioxide emissions from flue gases. These systems help reduce SO2 levels and other greenhouse gas emissions. Dry flue gas desulfurization and wet flue gas desulfurization have become key technologies in the world market. In general, wet FGD systems are expensive compared to dry systems. Wet systems capture most of the market and are predicted to maintain their dominant position for years to come.

Flue Gas Desulfurization Market Trends:

The market for FGD systems has grown steadily due to growing concerns about environmental pollution, the increasing prevalence of airborne diseases, and the enforcement of environmental laws and regulations. The growing call for FGD systems in the power generation, chemicals, iron and steel, cement and manufacturing sectors is predicted to drive the worldwide market. Strict environmental regulations focused on controlling excessive industrial emissions of sulfur dioxide are predicted to drive market expansion during the foreseen period.

Flue Gas Desulfurization Recent Developments in Industry:

Start of construction of the flue gas desulfurization systems of a coal-fired power plant. As part of the project, some units will receive wet flue gas desulfurization systems that uses limestone as a reagent and produces by-products like gypsum, which can be used in constructions.

Yokogawa Electric Corporation declared that it will supply a control system for a flue gas desulfurization system to be put at the Ugljevik coal-fired power industry. This flue gas desulfurization system, which will be the first of its kind to be installed in the Western Balkans, is predicted to enter service in October 2019.

Flue Gas Desulfurization Market Drivers

The global flue gas desulfurization market is promoted by the implementation of stringent environmental regulations. In addition to this, the increasing call for energy around the world has also created a strong call for flue gas desulfurization. Therefore, all these factors play an important role in the expansion of the worldwide flue gas desulfurization market in the coming years. The increased focus on combating air pollution, the expansion of the industrial sector, and the strict government regulations for the control of air pollution have driven the expansion of the global flue gas desulfurization market. The worldwide FGD market is predicted to show rapid market expansion during the outlook period. In many countries, strict government regulations have been implemented to protect the environment to limit and control flue gas emissions, which are the main driver of the worldwide market. The increasing number of power plants to meet the increasing call for energy requires more FGD systems that drive the expansion of the worldwide market. Increasing industrialization and the establishment of chemical, steel and cement manufacturing plants are driving call for FGD, which is driving the expansion of industry.

Restraints:

Nevertheless, there are some factors that could hamper the expansion of the market in the near future. These factors will slow the expansion of the market and prevent it from reaching its full potential. One of the main factors restricting the expansion of the market has been the high cost of installing the desulfurization of these combustion gases.

Opportunities in the Flue Gas Desulfurization Market:

Nevertheless, growing call from emerging economies such as India and Japan is predicted to present lucrative expansion opportunities in the coming years of the foreseen period. Technological improvements in the design of high-performance FGD systems would offer market players new opportunities to explore. Furthermore, the decreasing cost of FGD systems should provide opportunities for new entrants to the market.

Challenges:

The market is further hampered by the presence of alternative flue gas treatment methods like fluidized bed combustion and others. Another major problem factor is the higher cost of disposable waste associated with these systems.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

5.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

 

 

 

Market Leaders Profiled

Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany)

Flue Gas Desulfurization Market

Flue Gas Desulfurization Market Segmentation:

By type:

  • Wet
  • Dry
  • Semi-Dry

The significant factors responsible for the adoption of wet FGD technology are its high removal efficiency, high emission standards set by federal governments, an escalation in electricity call, and an escalation in the number of power plants.

By end use industry:

  • Power Generation
  • Chemical
  • Iron and Steel
  • Cement Manufacturing

On the basis of end-use industry, the power generation end-use industry sector held for the majority of the worldwide FGD industry in 2019.

By installation:

  • Greenfield
  • Brownfield

Flue Gas Desulfurization Regional Analysis:

  • North America
  • Europe 
  • Asia Pacific .
  • Latin America 
  • Middle East & Africa 

The Asia Pacific FGD systems market will experience increased call from the power generation industry due to increased regulations and power generation in the region. The power generation industry consumed the largest amount of FGD in the region and accounted for the majority of the market in Asia-Pacific in 2019. While the chemical sector, as well as the cement and metal smelting industries were developing in Asia-Pacific, new opportunities are predicted for this market in this region in the coming years. The North American region has contributed to the top of the worldwide market in terms of revenue due to increased call from the power generation industry and the iron and chemical industry. The APEJ region is the most lucrative market, followed by Eastern Europe and is predicted to record the expansion of the worldwide FGD market due to the increasing industrialization, manufacturing and processing industries. such as power generation, coal, steel and cement. Japan and Eastern Europe contribute to the expansion of the decline in the worldwide market. The MEA and Latin America are in an early stage and are predicted to show moderate expansion during the envisioned period.

Flue Gas Desulfurization Market Key Players:

Key players in this market are Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea).

 

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Flue Gas Desulfurization Market, By Type                  

                             6.1.1 Wet          

                             6.1.2 Dry           

                             6.1.3 Semi-Dry 

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Flue Gas Desulfurization Market, By End-use Industry                         

                             6.2.1 Power Generation             

                             6.2.2 Chemical 

                             6.2.3 Iron and Steel       

                             6.2.4 Cement Manufacturing    

                             6.2.5 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.6 Y-o-Y Growth Rate Analysis            

                             6.2.7 Market Attractiveness Index          

              6.3 Flue Gas Desulfurization Market, By Installation                     

                             6.3.1 Greenfield             

                             6.3.2 Brownfield            

                             6.3.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.4 Y-o-Y Growth Rate Analysis            

                             6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Type    

                             7.2.3 By End-use Industry          

                             7.2.4 By Installation      

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By End-use Industry          

                             7.3.4 By Installation      

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By End-use Industry          

                             7.4.4 By Installation      

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By End-use Industry          

                             7.5.4 By Installation      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Type    

                             7.6.3 By End-use Industry          

                             7.6.4 By Installation      

8. Key Player Analysis                                

              8.1 Mitsubishi Heavy Industries Ltd                      

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 General Electric Company                  

              8.3 Doosan Lentjes GmbH                        

              8.4 Babcock & Wilcox Enterprises Inc                   

              8.5 Rafako S.A.               

              8.6 Hamon Group                        

              8.7 Thermax Ltd                           

              8.8 Andritz AG                

              8.9 Valmet Corporation              

              8.10 Macrotek Inc                        

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Flue Gas Desulfurization Market By Region, From 2020-2025 ( USD Billion )
  • Global Flue Gas Desulfurization Market By Type, From 2020-2025 ( USD Billion )
  • Global Wet Market By Region, From 2020-2025 ( USD Billion )
  • Global Dry Market By Region, From 2020-2025 ( USD Billion )
  • Global Semi-Dry Market By Region, From 2020-2025 ( USD Billion )
  • Global Flue Gas Desulfurization Market By End-Use Industry, From 2020-2025 ( USD Billion )
  • Global Power Generation Market By Region, From 2020-2025 ( USD Billion )
  • Global Chemical Market By Region, From 2020-2025 ( USD Billion )
  • Global Iron and Steel Market By Region, From 2020-2025 ( USD Billion )
  • Global Cement Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  • Global Flue Gas Desulfurization Market By Installation, From 2020-2025 ( USD Billion )
  • Global Greenfield Market By Region, From 2020-2025 ( USD Billion )
  • Global Brownfield Market By Region, From 2020-2025 ( USD Billion )

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