(EMAILWIRE.COM, June 16, 2023 ) The report “Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield) and Region – Global Forecast to 2026″, is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. Market growth is driven by the enforcement of federal laws and regulations that mandate SOx emitting industries to install air quality control equipment.
The Flue Gas Desulfurization (FGD) system industry involves the design, manufacturing, and installation of equipment used to remove sulfur dioxide (SO2) from industrial emissions, primarily in power plants. FGD systems are essential for controlling air pollution and are used in industries such as power generation, oil refineries, cement plants, and steel mills. These systems help reduce harmful emissions and ensure compliance with environmental regulations.
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Browse in-depth TOC on “Flue Gas Desulfurization Systems Market
136 – Market Data Tables
48 – Figures
217 – Pages
The wet FGD systems segment is projected to lead the market during the forecast period
Based on type, the wet FGD systems segment is estimated to lead the market in 2020 as these are the most commonly used in industrial plants owing to their high removal efficiency (> 95%). As coal-fired power plants are the chief contributor of flue gases, most countries have strict emission standards for power generation units, mandating them to install FGD systems with high removal efficiency. Thus, wet FGD systems remain in high demand to meet the environmental standards across the globe.
The power generation segment is estimated to lead the FGD system market during the forecast period
Based on end-use industry, the power generation segment is expected to lead the FGD system market, as most developing and developed countries are still dependent on coal for electricity generation. China is the market leader in terms of wet FGD system installations in power plants. It has the maximum number of proposed power plants in the world. This, in turn, has increased SOX emission in China, consequently driving the demand for wet FGD systems that have a high removal efficiency to meet the emission standards set by the government.
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The FGD systems market in Asia Pacific is projected to grow at the highest CAGR from 2021 to 2026
The Asia Pacific region is a highly potential market for FGD systems and is projected to be the fastest-growing during the forecast period. The important drivers for the rising demand for FGD systems in Asia Pacific are the rapidly rising energy demand, industrialization, and awareness about controlling air pollution. The chemical sector is continuously growing in the Asia Pacific region and is expected to fuel the growth of the FGD systems market during the forecast period. The growth of the market in the Asia Pacific region can also be attributed to the growing cement manufacturing and metal smelting industries.
Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), and Andritz AG (Austria) have adopted agreements, expansions, innovative technology research, and new product development as their key growth strategies. The other noteworthy players in this market are Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea). These players have adopted strategies such as expansions, agreements, and new product development to enhance their position in the market.
MITSUBISHI HEAVY INDUSTRIES (MHI)
MHI is the market leader in the global flue gas desulfurization systems market. It has extensive product offerings in the FGD systems market and holds strong position in all key end use industries. It has good hold in the Asia Pacific market competition strongly with Kawasaki Heavy Industries, Doosan, and other Asian players.
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General Electric Company (USA)
In 2020, the company manufactures and sells flue gas desulfurization systems and sell it in all key end use industries including, power generation, chemical plant, iron & steel manufacturing, cement manufacturing, and others. The companys wide range of product offerings in Air Quality Control Systems makes it highly competitive in this market.
Andritz AG (Austria)
Andritz AG has extensive product offering in the global FGD systems market. It manufactures and sells both Dry Flue Gas Cleaning System and Wet Flue Gas Cleaning System in all the key end use industries. In July 2021, Andritz bought parts of GEs Air Quality Control Systems, including FGD Systems. It also acquired patents, trademark, and other references from GE, though it allowed GE to continue to serve certain countries with FGD products to its existing customers in India, Sri Lanka, Bangladesh, the US and Canada under the license from Andritz.
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