Flue Gas Desulfurization (FGD) System Market size to grow by USD 3,355.71 million from 2022 to 2027, Implementation of new emission norms in industries to drive market growth

May 15, 2024

NEW YORK, May 1, 2023 /PRNewswire/ -- The global flue gas desulfurization (FGD) system market size is estimated to increase by USD 3,355.71 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.02% during the forecast period. Implementation of new emission norms in industries is a major driver for the growth of the FGD market during the forecast period. The largest source of carbon and GHG emissions are industries, resulting in the need for complex systems to collect and monitor environmental pollutants. Industries use a variety of processes that release various pollutants. They have an impact on both the nearby industrial equipment and the workforce. Flue gas pollutants can lead to chronic lung diseases, which are constantly monitored and reduced through the use of FGD systems. Resultantly, it guarantees a secure work environment for employees and lessens carbon emissions, enabling industries to meet their emission-related goals. Discover some major insights on market size for the historic period (2017 to 2021) and Forecast period (2023-2027) before buying the full report -Request a sample report

Flue gas desulfurization (FGD) system market – Vendor AnalysisVendor Landscape - The global flue gas desulfurization (FGD) system market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer flue gas desulfurization (fgd) system in the market are AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., Doosan Corp., Ducon Infratechnologies Ltd., Enviropol, FLSmidth and Co. AS, Fujian Longking Co. Ltd., General Electric Co., John Wood Group PLC, Kawasaki Heavy Industries Ltd., KraftPowercon Sweden AB, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis Doo Trbovlje, Steinmuller Engineering GmbH, Sudarshan Chemical Industries Ltd., Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Corp. and others.

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Vendor Offerings -

Andritz AG - The company offers flue gas desulfurization system such as seawater flue gas desulphurization system.

Babcock and Wilcox Enterprises Inc. - The company offers flue gas desulfurization system such as wet scrubber FGD system.

Doosan Corp. - The company offers flue gas desulfurization system such as wet limestone flue gas desulphurisation system.

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Flue Gas Desulfurization (FGD) System Market - Segmentation Assessment

Segment OverviewThis flue gas desulfurization (FGD) system market report extensively covers market segmentation by product (wet FGD and dry FGD), end-user (power plants, iron and steel, chemicals, cement, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

The market share growth of the wet FGD segment is significant for the market growth during the forecast period. The segment growth is attributed to their ability to achieve high sulfur removal efficiency. The segment is an aqueous solution of an absorbent which is used to wash the flue gases. The absorbent and the sulfur in the flue gases react to create a different chemical compound. This is then removed to produce gases that are pollutant-free. The cost of wet FGD systems is higher than that of dry FGD systems and additionally, they have high operational and maintenance expenses because of the increased water use, which uses a lot of power. Hence, it is anticipated the flue gas desulfurization system market segment will witness growth during the forecast period.

Geography OverviewBy geography, the global flue gas desulfurization (FGD) system market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global flue gas desulfurization (FGD) system market.

APAC is estimated to account for 69% of the market growth during the forecast period. As a result of the region's reliance on coal-fired power plants for electricity generation, FGD systems are in demand. Countries like China, India, and Southeast Asia majorly contribute to a sizeable portion of the demand for coal-fired power plants. This is primarily because of the large number of coal-fired power plants already in operation, which makes switching to natural gas challenging. The high installation and operating costs of solar and wind power, and the abundant and reasonably priced coal supply in Asia-Pacific. Thus, such factors will fuel the regional flue gas desulfurization system market growth during the forecast period.

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Flue Gas Desulfurization (FGD) System Market – Market Dynamics

Key Trends -

The flourishing FGD gypsum market is an emerging FGD systems market trend fueling the market growth. Gypsum is produced as a by-product of the FGD process. This is known as FGD gypsum. Additionally, lime reagents or limestone are used in wet scrubber systems for the FGD process. As a result of the oxidation of the lime reagent or limestone, the FGD process produces FGD gypsum. FGD gypsum is used in a variety of industries, which include mining, agriculture, construction, and water treatment. Due to the growing construction and cement industries and the increasing number of infrastructure projects, particularly in developing countries, the demand for FGD gypsum is growing. Hence, such factors will propel the growth of the global FGD system market during the forecast period.

Major challenges -

Wastewater disposal issues associated with wet FGD systems are a major challenge hindering FGD system market growth. Wet scrubbers are frequently used because of their high efficiency, in FGD systems. But these systems use a lot of water, which needs to be properly disposed of after use and resources for freshwater are running out. However, as the world's population rises, there is a greater need for fresh water resulting in governments all over the world are creating strict laws governing water quality and water waste. Hence, wastewater disposal issues associated with wet FGD systems will negatively affect the growth of the global FGD system market during the forecast period.

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What are the key data covered in this Flue Gas Desulfurization (FGD) System Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the Flue Gas Desulfurization (FGD) System Market between 2023 and 2027

Precise estimation of the size of the Flue Gas Desulfurization (FGD) System Market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the Flue Gas Desulfurization (FGD) System Market across APAC, Europe, North America, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of Flue Gas Desulfurization (FGD) System Market vendors

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Flue Gas Desulfurization (FGD) System Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.02%

Market growth 2023-2027

USD 3,355.71 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.38

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 69%

Key countries

US, China, India, Russia, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., Doosan Corp., Ducon Infratechnologies Ltd., Enviropol, FLSmidth and Co. AS, Fujian Longking Co. Ltd., General Electric Co., John Wood Group PLC, Kawasaki Heavy Industries Ltd., KraftPowercon Sweden AB, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis Doo Trbovlje, Steinmuller Engineering GmbH, Sudarshan Chemical Industries Ltd., Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global flue gas desulfurization (FGD) system market 2017 - 2021

4.2 Product Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 Wet FGD - Market size and forecast 2022-2027

6.4 Dry FGD - Market size and forecast 2022-2027

6.5 Market opportunity by Product

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Power plants - Market size and forecast 2022-2027

7.4 Iron and steel - Market size and forecast 2022-2027

7.5 Chemicals - Market size and forecast 2022-2027

7.6 Cement - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 India - Market size and forecast 2022-2027

9.10 US - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Russia - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Andritz AG

12.4 Babcock and Wilcox Enterprises Inc.

12.5 Doosan Corp.

12.6 Ducon Infratechnologies Ltd.

12.7 Enviropol

12.8 FLSmidth and Co. AS

12.9 General Electric Co.

12.10 John Wood Group PLC

12.11 Kawasaki Heavy Industries Ltd.

12.12 KraftPowercon Sweden AB

12.13 Mitsubishi Heavy Industries Ltd.

12.14 Sudarshan Chemical Industries Ltd.

12.15 Thermax Ltd.

12.16 Tsukishima Kikai Co. Ltd.

12.17 Valmet Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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