The Flue Gas Desulphurization (FGD) Market size is expected to grow at a CAGR of 4.8% in terms of value and reach USD 24.61 billion in 2027 from USD 16.77 billion in 2019. These equipment removes sulfur dioxide from the flue gas before it is emitted. When fossil fuels are burned in power plants such as oil and coal combustion unit, these equipment lowers sulfur dioxide and greenhouse gas emissions.
The demand for Flue Gas Desulphurization (FGD) is growing in power plants, chemical manufacturing units, iron & steel, and cement manufacturing industries due to the stringent government policies concerning the environmental hazards. Rapid industrialization and growth of infrastructure are going to push the market for Flue Gas Desulphurization (FGD). Increase in demand for power assisted with dependence for coal will encourage the market in the coming years. Technological advancements in high performing equipment and decreasing cost of it is going to provide new players with opportunities to explore.
APAC is estimated to be the highest growing region owing to the rising population levels in China and India. Government policies will boost the market. The demand for power generation in this region due to the growing infrastructure and industrialization is set to fuel the growth if Flue Gas Desulphurization (FGD) in this region. Europe has strict regulations for Sulfur emission and is one of the leading users of Flue Gas Desulphurization (FGD).
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Key participants include Marsulex Environmental Technologies Corporation, Clyde Bergemann Power Group, Inc, Hamon Corporation, FLSmidth & Co. A/S, Siemens AG, Rafako S.A., Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, General Electric Company, and Mitsubishi Heavy Industries, Ltd.
Further key findings from the report suggest
Power and energy industry comprises of key companies operating in fuel, petroleum, natural gas, and nuclear power markets. Constant production of energy and power is imperative for country’s economic growth. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. Power and energy sector is one of the most diversified sector across the globe. Rapid industrialization and urbanization has increased the dependency on power and energy and industries today consume large amounts of fuel making energy industry a crucial element of today’s industrial infrastructure.
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The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the Flue Gas Desulphurization (FGD) market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.
For the purpose of this report, Reports and Data have segmented global Flue Gas Desulphurization (FGD) market on the basis of technology, installation, end-user, application, and region:
Technology Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2027)
Installation Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2027)
End-user Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2027)
Regional Analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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