The flue gas desulfurization refers to the removal of sulfur oxides (SO2 and SO3) from flue gas or other industrial exhaust gases. In many countries, local environmental monitoring agencies or governments strictly regulate greenhouse gas emissions, such as sulfur dioxide (SO2). Nowadays, for a typical coal-fired thermal power plant, wet scrubbing (Wet scrubbing) flue gas desulfurization devices are the most mainstream and generally can remove 90% or more of the sulfur dioxide in the flue gas. The wet process has become the primary method of flue gas desulphurization in large, fossil-fuelled power plants.
The global flue gas desulfurization systems market size was value at USD 17.08 billion in 2019 and projected to reach USD 26.01 billion by 2027, expanding at a CAGR of 5.23% during the forecast period, 2020-2027. The growth of the market is based on growing concerns regarding environmental pollution, rising prevalence of airborne diseases, and enforcement of environmental laws and regulations. Further, the increasing demand for electricity coupled with considerable investments in thermal power generation capacity expansion will spur the global flue gas desulfurization systems industry in the future periods. Additionally, the surge in popularity of FGD systems in growing cement & manufacturing industries will trigger the growth of the flue gas desulfurization systems market. The upsurge in the number of energy power plants to meet the rising demand for power needs more FGDS systems to complement the industry growth in the coming years.
Moreover, the increase in demand for FGD systems from the power generation, chemical, iron & steel, and cement & manufacturing industries will bolster the growth of the FGDS systems market in the analysis timeframe. Furthermore, the growing adoption of stringent air quality standards to reduce the SOx emission level will simultaneously foster the growth of the flue gas desulfurization systems market. The increase in several refinery projects and the surge in production processes in refineries that produce harmful by-products and acidic gases, including hydrogen fluoride, hydrochloric acid, and sulfur dioxide, will boost the market growth. Additionally, the swelling industrialization and set up of chemical, iron, and steel and cement manufacturing plants will boom the growth of the global flue gas desulfurization systems market.
Sulfur dioxide emissions in the sulfuric acid industry account for a large proportion of the chemical industry, which has attracted significant attention from all walks of life and environmental protection departments. Sulfur dioxide (SO2) is a group of highly reactive gases linked with several adverse effects on the respiratory system and other environmental issues. One of the most significant environmental problems witnessed by the industry is how to control SO2 emissions economically. The devices cannot meet the requirement, especially for small and medium-sized enterprises, to reduce the concentration of sulfur dioxide emissions from the device, equipment must be upgraded and upgraded, increasing production costs. Implementing the environmental standard will further improve the sulfuric acid industry, transformation, and upgrading, and improve the overall environmental protection level. Enterprises should strive to find effective ways to reduce emissions and promote environmental protection upgrades with technology.
Airborne diseases are spread by tiny pathogens present in the air. The airborne pathogens that are likely to cause global epidemic infectious diseases, they are likely to have the following characteristics. The incubation period is infectious when symptoms have not yet appeared or only mild symptoms. These pathogens may be a microorganism that most people are not immune to, so they have a large-scale susceptible host population.
Based on the type, the global flue gas desulfurization systems market bifurcates into the wet FGD system and dry & semi-dry FGD system. The wet FGD system segment estimated to witness significant growth over the analysis timeframe due to its high removal efficiency, high emission standards set by federal governments, the rise in electricity demand, and an increase in the number of coal-fired power plants in emerging economies.
The dry & semi-dry FGD system is expected to hold a lucrative market share by 2027 due to the simpler waste disposal processes and compact design and the upsurge in new construction activities or renovation of existing buildings and houses.
Based on the application, the global flue gas desulfurization systems market segregated into Greenfield and brownfield. The Greenfield segment dominated the global market in 2019. It is attributable to the increasing demand for electricity in emerging countries like India and China, along with the rapid industrialization and urbanization.
The brownfield segment is poised to witness significant growth over the forecast period. It is due to the growing demand for reagents such as dibasic acid, sodium hydroxide, and limestone across the globe.
Based on the end-user industry, the global flue gas desulfurization systems market segmented into power generation, chemical, iron & steel, cement manufacturing, and others. The power generation segment will dominate the global flue gas desulfurization systems market by 2027. Due to the increased power generation, and coal-fired power plants are the primary source of sulfur pollutants, due to the usage of high sulfur content coals in power plants.
The cement manufacturing accounted for the largest share of the flue gas desulfurization systems market in 2019 on account of robust growth across the construction sector. The introduction of stringent emission standards is set to encourage the demand for flue gas desulfurization systems across the cement industry.
By geography, the global flue gas desulfurization systems market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to project considerable growth over 2020-2027. Due to the growing industrial sectors such as cement and metal smelting in countries like India and China and alarming pollution levels in the region and increasing investments towards the capacity expansion of coal-fired generation.
North America will capture a prominent share of the flue gas desulfurization systems market by 2027. Due to the growing investments toward infrastructure development coupled with mounting industry awareness toward the adoption of emission control technologies.
Companies such as Mitsubishi Heavy Industries Ltd., General Electric Company, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Rafako S.A., FLSmidth & Co., Hamon Group, Marsulex Environmental Technologies, Thermax Ltd., Andritz AG, Ducon Technologies Inc., Chiyoda Corporation, China Boqi Environmental (Holding) Co. Ltd., LAB S.A., Valmet Corporation, Kawasaki Heavy Industries Ltd., Macrotek Inc., China Everbright International Ltd., AECOM, Burns & McDonnell, Rudis Trbovlje, Steinmuller Engineering GmbH, Shandong Baolan Environmental Protection Engineering Co. Ltd., IDE Technologies, and KC Cottrell are the key players in the global flue gas desulfurization systems market.
By End-User Industry