Flue gas desulfurization systems help to remove sulphur pollutants produced in industries. High sulphur oxide emissions have led to health issues, environment damage and acidify water and soil. Rising emphasis on technologies to eliminate hazardous pollutants is major driving factor towards market growth. These systems worked on the basis of two principles which include discarding sulphus waste in water sludge and the other is to regenerate emitted sulfur into elemental form to be used in boiler as a feedstock. Growing environmental concerns has led stringent government regulation for pollution control will have positive impact on industry growth.
Prevalence of air born disease along with skin irritation, breathing difficulties, inflammation and respiratory issues due to sulphur oxide emissions will favour FGD systems demand. Growing installation of FGD systems in industrial areas owing to strict government mandates to control sulphur oxide emissions will have positive impact on industry growth. Wet FGD systems help in removing over 90% of sulphur pollutants along with dry systems of efficiency over 80% contaminant removal will further escalate product demand. Moreover, rapid developments and investments in public and residential construction is likely to drive product demand. Wet FGD systems helps in forming gypsum as a by-product, where this FGD based gypsum hydrates with crinkerless cement which is a clean chemical reducing air pollutant. These factors are likely to accelerate industry growth.
The report analyses the global FGD market based on installation, type, end user and geography
Various installation studied are segmented into Greenfield, Brownfield. The type segment is categorized in Wet FGD systems, Dry & semi dry FGD systems. Wet FGD systems may observe significant growth owing to its high efficiency in sulfur dioxide removal along with generating gasses which can produce by products like gypsum. It has low maintenance and operating cost which further promote product demand.
Furthermore, the major end users considered in the study are power generation, chemical, iron & steel, cement manufacturing. Power generation accounted for major share in flue gas desulfurization market. Flue gas treatment is a processed designed to reduce pollutants such as carbon dioxide and sulphur dioxide emitted from fossil fuels used in power plant. Coal power generation accounted for over 37%in 2018 and cause relatively higher emissions than any other energy generating sources. Flue gas desulfurization systems help in removing sulphuric acid from energy generation which is a major air pollutant, thus promoting market growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific accounted for major share in flue gas desulfurization market and is likely to dominate the market over the foreseeable timeframe. Rise in electricity production owing to growth population and industrial sector will drive regional growth. Asia Pacific accounted for over 12,000 terawatt- hour electricity production in 2018. Government mandates regarding installation of FGD systems in thermal power plants will further boost regional market growth.
The key companies in the Flue Gas Desulfurization (FGD) Systems market share are Mitsubishi Electric Corporation, Ltd., GENERAL ELECTRIC, Doosan Lentjes, Babcock & Wilcox Company, Rafako, Andritz, Hamon Corporation, Thermax ltd., FLSmidth & co. A/s, Marsulex Environmental Technologies, Clyde Bergemann Power Group International Ltd., Ducon Technologies, Burns & Mcdonnell, LAB SA, Valmet, Macrotek Inc., Aecom, Chiyoda Corporation. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.