Dublin, May 23, 2023 (GLOBE NEWSWIRE) -- The "Flue Gas Desulfurization System Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global flue gas desulfurization system market is expected to grow from $18.51 billion in 2022 to $19.62 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The flue gas desulfurization system market is expected to grow to $24.31 billion in 2027 at a CAGR of 5.5%.
Major players in the flue gas desulfurization system market are Mitsubishi Heavy Industries Ltd., GE Power, 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, Siemens AG, Clyde Bergemann Power Group, and Valmet Oyj.
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Flue gas desulfurization system refers to a device that removes sulfur dioxide (SO2) from the fuel gas emission produced from industrial combustion. It is mainly used for reducing SO2 emissions from industries.
The main types of flue gas desulfurization systems are wet FGD systems, spray dry FGD systems, and dry and semi-dry FGD systems. Wet FGD systems are used for scrubbing with alkaline sorbent to remove sulfur dioxide. Wet FGD systems are used to remove SO2 from flue gases. These are installed in greenfield and brownfield for use in power generation, chemical, iron and steel, metal processing and mining, cement manufacturing, paper and pulp and others.
The flue gas desulfurization market research report is one of a series of new reports that provides flue gas desulfurization market statistics, including flue gas desulfurization industry global market size, regional shares, competitors with a flue gas desulfurization market share, detailed flue gas desulfurization market segments, market trends and opportunities, and any further data you may need to thrive in the flue gas desulfurization industry. This flue gas desulfurization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Collaboration is a key trend in the flue gas desulfurization system market. Major players are associating themselves with various companies to sustain in the market.
For instance, in January 2022, General Electric (GE), a US-based conglomerate, associated with Apollo International Limited for MB Power Madhya Pradesh Ltd to design the whole Wet Flue Gas Desulfurization (WFGD) system. The project entails the design, engineering, and supply of vital WFGD system components. Once completed, it will help the client clean 7.4 million cubic meters of flue gas per hour and eliminate 51,000 tons of SO2 annually.
The stringent government regulations toward controlling air pollution is driving the flue gas desulfurization system market. Air pollution is rising due to increased industrialization and urbanization. The flue gas desulfurization system effectively reduces air pollution by reducing the amount of SO2 released into air. The governments are taking various initiatives, such as investments in different projects to combat air pollution.
For example, in November 2022, the US Environmental Protection Agency (EPA), an organization of the US federal government in charge of environmental protection issues, announced that the Inflation Reduction Act and American Rescue Plan of Vice President Biden will provide $53.4 million to 132 air monitoring projects in 37 states to enhance community-level air quality monitoring across the USA. Communities that are traditionally disadvantaged, disenfranchised, and overwhelmed by pollution are the main targets of the programs.
Asia-Pacific was the largest region in the flue gas desulfurization system market in 2022. The regions covered in the flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the flue gas desulfurization system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increasing number of coal-fired power plants is expected to propel the flue gas desulfurization system market. Coal-fired power plants refer to power stations that generate electricity by burning coal.
The increasing number of coal-fired power plants requires flue gas desulfurization systems to reduce the emission of harmful gases. or instance, in 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, compared to 2020, the emissions from coal-fired power plants in the USA increased by 16%, and further coal-fired generation increased by 13% in 2020 in India. Therefore, the increasing number of coal-fired power plants is driving the growth of the flue gas desulfurization system market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $19.62 billion |
| Forecasted Market Value (USD) by 2027 | $24.31 billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Flue Gas Desulfurization System Market Characteristics
3. Flue Gas Desulfurization System Market Trends And Strategies
4. Flue Gas Desulfurization System Market - Macro Economic Scenario
4.1. COVID-19 Impact On Flue Gas Desulfurization System Market
4.2. Ukraine-Russia War Impact On Flue Gas Desulfurization System Market
4.3. Impact Of High Inflation On Flue Gas Desulfurization System Market
5. Flue Gas Desulfurization System Market Size And Growth
5.1. Global Flue Gas Desulfurization System Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Flue Gas Desulfurization System Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Flue Gas Desulfurization System Market Segmentation
6.1. Global Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Wet FGD Systems
- Spray Dry FGD System
- Dry And Semi-Dry FGD Systems
6.2. Global Flue Gas Desulfurization System Market, Segmentation By Installation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Greenfield
- Brownfield
6.3. Global Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Power Generation
- Chemical
- Iron And Steel
- Metal Processing And Mining
- Cement Manufacturing
- Paper And Pulp
- Other End Uses
7. Flue Gas Desulfurization System Market Regional And Country Analysis
7.1. Global Flue Gas Desulfurization System Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Flue Gas Desulfurization System Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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