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Global Flue Gas Desulfurization Systems Market By Type (Wet FGD System, and Dry & Semi-Dry FGD System), By Application (Greenfield and Brownfield), By End-User Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Global Flue Gas Desulfurization Systems Market Overview:
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.
Global Flue Gas Desulfurization Systems Market Insights
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.
Growth Driver
Stringent regulatory framework toward SOx emissions
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.
Growing prevalence of airborne diseases
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.
Type Segmental Analysis
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.
Application Segmental Analysis
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.
End-User Industry Segmental Analysis
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.
Region Segmental Analysis
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.
Competitor Analysis
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.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global flue gas desulfurization systems manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to flue gas desulfurization systems
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
By Application
- Greenfield
- Brownfield
By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Flue Gas Desulfurization Systems Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Impact Of Covid-19 On Flue Gas Desulfurization Systems
- Global Flue Gas Desulfurization Systems Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Flue Gas Desulfurization Systems Market Overview
- North America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Country
- US
- Canada
- Mexico
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Flue Gas Desulfurization Systems Market
- By Type
- Demand
- North America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Europe Flue Gas Desulfurization Systems Market Overview
- Europe Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Flue Gas Desulfurization Systems Market
- By Type
- Demand
- Europe Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Asia Pacific Flue Gas Desulfurization Systems Market Overview
- Asia Pacific Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Flue Gas Desulfurization Systems Market
- By Type
- Demand
- Asia Pacific Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- South America Flue Gas Desulfurization Systems Market Overview
- South America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Flue Gas Desulfurization Systems Market
- By Type
- Demand
- South America Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Middle East & Africa Flue Gas Desulfurization Systems Market Overview
- Middle East & Africa Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Flue Gas Desulfurization Systems Market Share & Forecast, 2016-2027
- By Type
- Wet FGD System
- Dry & Semi-Dry FGD System
- By Application
- Greenfield
- Brownfield
- By End-User Industry
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Flue Gas Desulfurization Systems Market
- By Type
- Demand
- Middle East & Africa Flue Gas Desulfurization Systems Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- 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
- Other Prominent Players
