Flue gas desulfurization has grown in popularity over the years due to increasing air pollution and the high prevalence of sulfur dioxide in the atmosphere.
NEW YORK, NY, USA, September 30, 2021 /EINPresswire.com/ – The global flue gas desulfurization (FGD) market is expected to reach $ 24.61 billion by 2027, according to a new report from Reports and Data. This equipment removes sulfur dioxide from flue gases before they are emitted. When fossil fuels are burned in power plants such as petroleum and coal combustion units, these equipment reduce sulfur dioxide and greenhouse gas emissions.
The demand for flue gas desulfurization (FGD) is increasing in power plants, chemical manufacturing units, steel and cement manufacturing industries due to strict government policies regarding environmental risks. Rapid industrialization and infrastructure growth will drive the flue gas desulphurization (FGD) market. The increased demand for electricity assisted with dependence on coal will encourage the market in the years to come. Technological advancements in high performance equipment and their decreasing cost will provide new players with opportunities to explore.
APAC is considered to be the fastest growing region due to increasing population levels in China and India. Government policies will stimulate the market. The demand for power generation in this region due to the growth of infrastructure and industrialization is expected to fuel the growth of flue gas desulfurization (FGD) in this region. Europe has strict regulations for sulfur emissions and is a major user of flue gas desulfurization (FGD).
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The main participants are Marsulex Environmental Technologies Corporation, Clyde Bergemann Power Group, Inc, Hamon Corporation, FLSmidth & Co. A / S, Siemens AG, Rafako SA, Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, General Electric Company and Mitsubishi Heavy Industries, Ltd.
Other key findings from the report suggest
• Increasing energy demand and stringent environmental regulations are expected to increase the flue gas desulphurization (FGD) market.
• High installation and waste disposal costs remain challenges faced by manufacturers and limit market growth.
• Emerging countries such as China, India and Brazil are among the regions leading the way for market growth.
• On the basis of type, wet FGDs are expected to have a larger market share as they are mainly used in industrial plants due to their higher efficiency in removing sulfur dioxide.
• The use of coal in industry is maximum, governments around the world have strict policies to install wet FGD.
• The power generation segment in the end user sector is expected to dominate the market as most countries still use coal for power generation.
• Brownfield technology is where the equipment will be updated keeping it linked to coexist with the previous equipment, while Greenfield is the installation of all new equipment.
• The cement manufacturing unit will have the second largest market share after power generation due to the emergence of new infrastructure and industries.
• APAC will have the highest market share due to the emergence of manufacturing units and their use of coal.
• Europe will have the second largest market share due to strict government policies regarding sulfur dioxide emissions.
The electricity and energy sector includes key companies operating in the fuel, oil, natural gas and nuclear energy markets. The constant production of energy and electricity is imperative for the economic growth of the country. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. The electricity and energy sector is one of the most diverse sectors in the world. Rapid industrialization and urbanization have increased dependence on electricity and energy and industries today consume large amounts of fuel, making the energy industry a crucial part of today’s industrial infrastructure.
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For the purpose of this report, reports and data have segmented the global Flue Gas Desulfurization (FGD) market on the basis of technology, installation, end-user, application, and region :
Technology Outlook (Volume, Kilotons; 2017-2027 and Revenue, USD Million; 2017-2027)
Installation Outlook (Volume, Kilotons; 2017-2027 and Revenue, USD Million; 2017-2027)
End User Outlook (Volume, Kilotons; 2017-2027 and Revenue, USD Million; 2017-2027)
Chemical manufacturing industry
Application Outlook (Volume, Kilotons; 2017-2027 and Revenue, USD Million; 2017-2027)
Ball mill slurry
Cyclone / filter feed
The regional analysis covers:
North America (United States, Canada, Mexico)
Europe (UK, 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, United Arab Emirates, South Africa, Rest of MEA)
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