Market Research Report
Flue Gas Desulfurization - Global Market Outlook (2020 - 2028)
|Flue Gas Desulfurization - Global Market Outlook (2020 - 2028)|
Published: August 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Flue Gas Desulfurization Market is accounted for $26.80 billion in 2020 and is expected to reach $45.37 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Growing demand from power & energy sector is driving the market growth. However, high cost of reagents and protection concerns related with flue gas desulfurization is hampering the growth of the market.
Flue-gas desulfurization is one of the utmost effective and common procedures for eliminating the SO2 from the flue gas released by large coal-fired power plants. The flue gas desulfurization systems support cutting down the levels of SO2 and other greenhouse gas emissions.
Based on the product, the wet FGD systems segment is going to have lucrative growth during the forecast period. The wet FGD is in demand has it delivers greater efficacy in the elimination of SOx than the other FGD. It also offers lower functional costs and further fuel elasticity. Moreover, the wet FGD systems use limestone as a reagent, and the by-product is gypsum, which can be promoted to cement and wallboard producers and the fertilizer industry. These entire factors propel the segment growth.
By geography, Asia Pacific is going to have high growth during the forecast period. The growth of the market in this region is mostly accredited to the growing demand from the power generation industry and strict regulations in the region. The power source industry accounts for the utmost consumption of FGD in the province. Cement and chemicals industries in APAC are exhibiting remarkable advancement which is predictable to drive the demand for flue gas desulfurization.
Some of the key players profiled in the Flue Gas Desulfurization Market include Aecom, Andritz Ag, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Clyde Bergemann Eec, Doosan Lentjes Gmbh, Ducon Technologies Inc., Flsmidth, General Electric, Hamon, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., Rafako S.A., S.A Hamon, Thermax Ltd. and Valmet.
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Table17 Global Flue Gas Desulfurization Market Outlook, By Reagents (2019-2028) (US $MN)