Latest Research Report on Flue
Gas Desulfurization Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Flue Gas
Desulfurization prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Flue Gas Desulfurization Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Flue
Gas Desulfurization Market conditions, focusing on the main regions (North
America, Europe and Asia-Pacific) and the main countries (United States,
Germany, united Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/flue-gas-desulfurization-fgd-market/request-sample
Global Flue Gas
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.
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.
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.
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