Global Flue Gas Desulphurization Market

2019 Analysis and Review of Global Flue Gas Desulphurization Market (By Type - Dry and Semi-dry FGD System and Wet FGD System) 2020 - 2030

  • Ongoing
  • July 2020
  • REP-GB-440
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Global Flue Gas Desulphurization Market
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This Global Flue Gas Desulphurization market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Global Flue Gas Desulphurization market.

The global flue gas desulphurization market is expected to register a CAGR of 3% during the forecast years of 2020 and 2030. The growing need to fight the air pollution battle has boosted the demand for flue gas desulphurization (FGD) systems. Stringent national and international laws to install air filtration units in places that emit Sulphur dioxide (SO2) are expected to key drivers for this market in the next decade. All the prominent industrialized nations around the globe have formulated regulations concerning mitigation of carbon and sulphur dioxide emissions as maintaining global temperature gained spotlight.

Emission Norms to Necessitate Installation of FGD Systems

Rapid industrialization and concentration of manufacturing activities in Asia Pacific has created a serious need for implementation of FGD technology to reduce emissions. In addition, exponential usage of electricity, rise of coal-fired operations, especially in China and India are expected to give this market a shot in the arm. In the wake of recent pandemic, the focus on seeking solutions for climate change is going to draw attention to every solution for reducing emissions. Thus, as economies begin to recovers, nations will make a hurried investment in FGD technology to make air cleaner, avert chances of acid rain due to particles of nitrogen and sulphur, and better temperature conditions.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Power Generation Sector to Remain Key End User due to Coal

On the basis of type, the FGD market can be segmented into dry and semi-dry FGD system and wet FGD system. Analysts expect that the wet FGD segment will pace ahead as it highly efficient and is thus found in majority of the industrial units. As coal-fired plants are biggest contributors of flue gases, it is mandatory to ensure efficient systems to ensure clean coal energy generation. This is expected to keep wet FGDs segment in the lead in the coming decade.

The key end users of FGD technology are manufacturing plants, chemical industries, iron and steel industries, power generation, and others. The power generation segment is expected to assume lead as demand for electricity and power continues to be relentless in developing economies. Economies focussing on manufacturing will continue to demand high energy generation, which in turn will feed the demand for FGD technology during the forecast period.

Asia Pacific to Lead as Manufacturing Activities Remain Integral of Developing Nations

In terms of region, Asia Pacific is expected to exhibit a steady growth during the forecast period. In an earlier forecast though India and China presented incredible opportunity, the focus is now shifting from China. Manufacturing units are looking at shifting base from China to Japan and India as the world tries to cope with COVID-19 pandemic. As coal continues to be a cheap source of energy in developing economies, the rise of manufacturing will be Asia Pacific’s way ahead in the global economy. This in turn will keep the regional ahead as the economy recovers.

Key Players

The key market players in FGD market are Ducon Technology Inc., Alstom S.A., Mitsubishi Heavy Industries, Siemens Energy, Wilcox, Marsulex Environmental Technologies, and Babcock

How Will Growth Unfold?

In the coming years, containing emissions, cleaner air, and a lesser negative impact on environment are likely to be the key goals of any big company. Every nation will have to rework its strategies to recover of the ongoing 2020 recession while taking care of the environment. Thus, the future of the FGD systems is a bright one. Analysts at FMI anticipate that the market will steadily recover and flourish as energy mixes alter. However, the players need to rethink of building their markets as alternative energy solutions will gain prominence.

Key Highlights

Report Metric

Details

Base year considered

2019

Actual estimates/Historical data

2014 - 2018

Forecast period

2020 - 2030

Forecast units

Value (USD) Bn

Segments covered

  • Type (Dry and Semi-dry FGD System and Wet FGD System)
  • Application (Manufacturing Plants, Chemical Industries, Iron and Steel Industries, Power Generation, and Others)

Market Outlook

  • Global FGD market to register a CAGR of 3% 2020-2030
  • Wet FGD systems to take lead due to higher efficiency
  • Asia Pacific to remain in spotlight as manufacturing activities remain important to developing economies

Regions covered

North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific

Key Players

Ducon Technology Inc., Alstom S.A., Mitsubishi Heavy Industries, Siemens Energy, Wilcox, Marsulex Environmental Technologies, and Babcock

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
Frequently Asked Questions

What research methodology is used to develop the Global Flue Gas Desulphurization Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Global Flue Gas Desulphurization Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Global Flue Gas Desulphurization Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

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Akshay Godge

Client Partner - Global Business Development

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