Global Flue Gas Desulphurization System Market, By Type (Wet FGD System, Dry FGD System and Semi-Dry FGD System), Installation (Greenfield and Brownfield), End-User (Power Plant, Chemical Petrochemical, Cement, Metal Processing Mining and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flue Gas Desulphurization System Market
The flue gas desulphurization system market is expected to grow at a very fast pace. Due to stringent regulations over the industries over flue gas emissions, the flue gas desulphurization market that currently stands at a market value of USD 19.6 billion will rise up to USD 28.9 billion by the year 2028. This means that the market will show a robust CAGR of 5% around for the forecast period of 2021-2028.
The flue gas desulphurization is the process of removing and reducing the amount of sulphur dioxide gas into the atmosphere that is releases as a result of discharging waste gases, exhaustion of fossil fuels, etc. Flue gas refers to all the harmful gases that are released by chemical industries, mining industries, petrochemical industries etc. as a result of performing their industrial activities. Flue gases are harmful for the human body as in a way they can lead to chest congestion. Flue gas comprises of various harmful gases such as carbon monoxide, sulphur dioxide etc. There are many processes or ways to remove these harmful gases from the atmosphere. One of them is flue gas desulphurization that is used to tackle sulphur dioxide gas in the air.
Increasing energy demand has a result led to the increase in demand for flue gas desulphurization market. Also increasing demand of this technology by the emerging economies will help boost up the market value. The deteriorating air quality has become a major issue to be tackled globally. Rapid industrialization and emergence of new key players in different industries is on the rise. This would mean that stringent regulations regarding flue gas emissions will be put forth over them. Thus, increase in the industries is directly proportional to the rise in flue gas desulphurization market.
One major growth restraining factors for the market is the high cost involved in the adoption and installation of flue gas desulphurization technology. Due to this, there are many alternative methods emerging that can treat sulphur dioxide and even the other gases at the same time. This will hamper the growth of the market in the long run.
This flue gas desulphurization system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flue gas desulphurization market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flue Gas Desulphurization System Market Scope and Market Size
Flue gas desulphurization system market is segmented on the basis of type, installation base and end-users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the flue gas desulphurization system market is segmented into wet FGD system, dry FGD system and semi-dry FGD system.
- The flue gas desulphurization system market is segmented into greenfield and brownfield markets on the basis of installation base.
- The flue gas desulphurization system market can also be segmented on the basis of end-users into power plant, chemical petrochemical, cement, metal process mining and others.
Flue Gas Desulphurization System Market Country Level Analysis
Flue gas desulphurization system market is analysed and market size, volume information is provided by country, type, installation base and end-users as referenced above.
The countries covered in the flue gas desulphurization system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific regions hold the largest flue gas desulphurization system market share and are expected to dominate in throughout the forecast period. This is because of rapid emergence of new industries in the developing countries and stringent flue gas emission regulations been imposed by them over the government. Moreover, the aim to achieve clean environment is too a driving force. India and China over the years have presented great opportunities in this market. Even Japan is emerging as one of the major contributors for the Asia-Pacific region in this market.
The country section of the flue gas desulphurization system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flue Gas Desulphurization System Market Share Analysis
Flue gas desulphurization system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flue gas desulphurization market.
The major players covered in the flue gas desulphurization system market report are Siemens, Mitsubishi Power, Ltd., General Electric, Kawasaki Heavy Industries, Ltd., TTPL, Ducon Infratechnologies Ltd., Tsukishima Kikai Co., Ltd., Valmet, KSB SE & Co. KGaA, IDE Technologies., Teijin Aramid B.V., RPM Solutions, Inc., Whizz Engineering Services Private Limited., KEPCO Engineering & Construction Company. INC, Babcock & Wilcox Enterprises, Inc., FLSmidth, Thermax Limited., Clyde Bergemann Power Group, Burns & McDonnell. and Alstom among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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