Global Flue Gas Desulfurization Systems Market By Type (Wet FGD System, and Dry & Semi-Dry FGD System), By Application (Greenfield and Brownfield), By End-User Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Global flue gas desulfurization systems market is expected to drive due to the stringent environmental regulations focused on controlling excessive industrial sulfur dioxide emissions and rise in demand for FGD systems from the power generation
The global flue gas desulfurization systems market size was value at USD 17.08 billion in 2019 and projected to reach USD 26.01 billion by 2027, expanding at a CAGR of 5.23% during the forecast period, 2020-2027. The key factors are the mounting demand for electricity and swelling investments toward thermal power generation capacity additions. Additionally, the growing consumption of a variety of fossil fuels in the rapidly expanding power industry and ever-expanding demand for power across the globe would stimulate the robust growth of the global flue gas desulfurization systems industry. Further, the rise in the development of captive power plants across heavy industries will complement the industry growth in future periods. The growing adoption of stringent air quality standards to reduce the SOx emission level and health risk posed by the ever-increasing SOx levels such as breathing difficulties, skin irritation, and inflammation of the respiratory system will spur the global flue gas desulfurization systems market share.
Moreover, the growing adoption of FGD systems to replace worn-out FGD components every year for the smooth functioning of the overall system will simultaneously foster the growth of the FGD systems market. Furthermore, the surge in need to reduce the adverse impact of emissions in cement manufacturing units is expected to trigger the global market growth. Additionally, the mounting demand for refined fuel, resulting from the expansion of road and air networks, and the swelling need for energy security, will increase investments in the refining sector. These factors expected to fuel the demand for FGD systems in the coming years.
Type Overview in the Global Flue Gas Desulfurization Systems market
Based on the type, the global flue gas desulfurization systems market bifurcates into the wet FGD system and dry & semi-dry FGD system. The wet FGD system held for the highest revenue share in 2019 due to the increasing demand in used in industrial plants owing to high removal efficiency of wet FGD system and low sorbent material costs with high scrubbing & control efficiencies.
Application Type Overview in the Global Flue Gas Desulfurization Systems Market
Based on the application, the global flue gas desulfurization systems market segregated into Greenfield and brownfield. The Greenfield segment accounted for a larger market share in 2019 and projected to lead the market by 2027. Due to increasing demand for the FGD system in power generation, chemicals, cement manufacturing, iron and steel, and other industries and Installed FGD systems at cement production plants can achieve over 90% reduction in Sox emission levels.
End-User Industry Market Overview in the Global Flue Gas Desulfurization Systems Market
Based on the end-user industry, the global flue gas desulfurization systems market segmented into power generation, chemical, iron & steel, cement manufacturing, and others. The power generation segment estimated to dominate the global flue gas desulfurization systems market by 2027. The most developing and developed countries are still dependent on coal for electricity generation and the introduction of stringent emission norms coupled with the ongoing expansion of thermal power stations.
Regional Overview in the Global Flue Gas Desulfurization Systems Market
By geography, the global flue gas desulfurization systems market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific holds maximum revenue share in 2019. Due to the growing demand for FGD systems in the region are the rapidly rising energy demand, industrialization, and awareness about controlling air pollution and stringent emission standards are set to generate the need for retrofitting the installed power generating station.
Global Flue Gas Desulfurization Systems Market: Competitive Landscape
Companies such as Mitsubishi Heavy Industries Ltd., General Electric Company, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Rafako S.A., FLSmidth & Co., Hamon Group, Marsulex Environmental Technologies, Thermax Ltd., Andritz AG, Ducon Technologies Inc., Chiyoda Corporation, China Boqi Environmental (Holding) Co. Ltd., LAB S.A., Valmet Corporation, Kawasaki Heavy Industries Ltd., Macrotek Inc., China Everbright International Ltd., AECOM, Burns & McDonnell, Rudis Trbovlje, Steinmuller Engineering GmbH, Shandong Baolan Environmental Protection Engineering Co. Ltd., IDE Technologies, and KC Cottrell are the key players in the global flue gas desulfurization systems market.
Global Flue Gas Desulfurization Systems Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2019
4.7. Porter’s Five forces analysis
4.8. New Investment Analysis
4.9. PESTEL Analysis
4.10. Impact Of Covid-19 On Flue Gas Desulfurization Systems
5. Global Flue Gas Desulfurization Systems Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Type
5.2.1.1. Wet FGD System
5.2.1.2. Dry & Semi-Dry FGD System
5.2.2. By Application
5.2.2.1. Greenfield
5.2.2.2. Brownfield
5.2.3. By End-User Industry
5.2.3.1. Power Generation
5.2.3.2. Chemical
5.2.3.3. Iron & Steel
5.2.3.4. Cement Manufacturing
5.2.3.5. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Flue Gas Desulfurization Systems Market Overview
6.1. North America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
6.2.1. By Type
6.2.1.1. Wet FGD System
6.2.1.2. Dry & Semi-Dry FGD System
6.2.2. By Application
6.2.2.1. Greenfield
6.2.2.2. Brownfield
6.2.3. By End-User Industry
6.2.3.1. Power Generation
6.2.3.2. Chemical
6.2.3.3. Iron & Steel
6.2.3.4. Cement Manufacturing
6.2.3.5. Others
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. Manufacturer & Distributor List (Top 5)
6.2.6. Company Market Share (Top 3-5)
6.2.7. Economic Impact Study on North America Flue Gas Desulfurization Systems Market
7. Europe Flue Gas Desulfurization Systems Market Overview
7.1. Europe Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
7.2.1. By Type
7.2.1.1. Wet FGD System
7.2.1.2. Dry & Semi-Dry FGD System
7.2.2. By Application
7.2.2.1. Greenfield
7.2.2.2. Brownfield
7.2.3. By End-User Industry
7.2.3.1. Power Generation
7.2.3.2. Chemical
7.2.3.3. Iron & Steel
7.2.3.4. Cement Manufacturing
7.2.3.5. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. Manufacturer & Distributor List (Top 5)
7.2.6. Company Market Share (Top 3-5)
7.2.7. Economic Impact Study on Europe Flue Gas Desulfurization Systems Market
8. Asia Pacific Flue Gas Desulfurization Systems Market Overview
8.1. Asia Pacific Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
8.2.1. By Type
8.2.1.1. Wet FGD System
8.2.1.2. Dry & Semi-Dry FGD System
8.2.2. By Application
8.2.2.1. Greenfield
8.2.2.2. Brownfield
8.2.3. By End-User Industry
8.2.3.1. Power Generation
8.2.3.2. Chemical
8.2.3.3. Iron & Steel
8.2.3.4. Cement Manufacturing
8.2.3.5. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Manufacturer & Distributor List (Top 5)
8.2.6. Company Market Share (Top 3-5)
8.2.7. Economic Impact Study on Asia Pacific Flue Gas Desulfurization Systems Market
9. South America Flue Gas Desulfurization Systems Market Overview
9.1. South America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
9.2.1. By Type
9.2.1.1. Wet FGD System
9.2.1.2. Dry & Semi-Dry FGD System
9.2.2. By Application
9.2.2.1. Greenfield
9.2.2.2. Brownfield
9.2.3. By End-User Industry
9.2.3.1. Power Generation
9.2.3.2. Chemical
9.2.3.3. Iron & Steel
9.2.3.4. Cement Manufacturing
9.2.3.5. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Manufacturer & Distributor List (Top 5)
9.2.6. Company Market Share (Top 3-5)
9.2.7. Economic Impact Study on South America Flue Gas Desulfurization Systems Market
10. Middle East & Africa Flue Gas Desulfurization Systems Market Overview
10.1. Middle East & Africa Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
10.2.1. By Type
10.2.1.1. Wet FGD System
10.2.1.2. Dry & Semi-Dry FGD System
10.2.2. By Application
10.2.2.1. Greenfield
10.2.2.2. Brownfield
10.2.3. By End-User Industry
10.2.3.1. Power Generation
10.2.3.2. Chemical
10.2.3.3. Iron & Steel
10.2.3.4. Cement Manufacturing
10.2.3.5. Others
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Manufacturer & Distributor List (Top 5)
10.2.6. Company Market Share (Top 3-5)
10.2.7. Economic Impact Study on Middle East & Africa Flue Gas Desulfurization Systems Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Mitsubishi Heavy Industries Ltd.
11.7.2. General Electric Company
11.7.3. Doosan Lentjes GmbH
11.7.4. Babcock & Wilcox Enterprises Inc.
11.7.5. Rafako S.A.
11.7.6. FLSmidth & Co.
11.7.7. Hamon Group
11.7.8. Marsulex Environmental Technologies
11.7.9. Thermax Ltd
11.7.10. Andritz AG
11.7.11. Ducon Technologies Inc.
11.7.12. Chiyoda Corporation
11.7.13. China Boqi Environmental (Holding) Co. Ltd.
11.7.14. LAB S.A.
11.7.15. Valmet Corporation
11.7.16. Kawasaki Heavy Industries Ltd.
11.7.17. Macrotek Inc.
11.7.18. China Everbright International Ltd.
11.7.19. AECOM
11.7.20. Other Prominent Players
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