Flue Gas Desulfurization (FGD) System Market to grow by USD 3,355.71 million from 2022 to 2027

Mar 09, 2024

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14 Jul, 2023, 02:00 ET

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NEW YORK, July 14, 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. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 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.- Download a Sample Report Now!

Fuel Gas Desulfurization (FGD) System Market Insights -

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Flue Gas Desulfurization (FGD) System Market – Market Dynamics

Major Drivers -

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.

Key Trends -

The flourishing FGD gypsum market is an emerging FGD systems market trend shaping 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 freshwater resulting in governments all over the world 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.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The flue gas desulfurization (FGD) system market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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Flue Gas Desulfurization (FGD) System Market Scope

Report Coverage

Details

Base year

2022

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

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.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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