The Flue Gas Desulfurization (FGD) System Market focuses on technologies that remove sulfur dioxide (SO₂) from industrial emissions, primarily in power plants and heavy industries. Driven by stringent environmental regulations, rising air pollution concerns, and the growing adoption of clean energy solutions, the demand for FGD systems is increasing globally. The market is witnessing growth due to expanding industrialization, especially in coal-dependent regions, and advancements in wet and dry FGD technologies for improved efficiency. Flue Gas Desulfurization System Market 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. FGD systems market growth is driven by the enforcement of federal laws and regulations that mandate SOx emitting industries to install air quality control equipment. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=862
The main products of Flue Gas Desulfurization (FGD) include:
- Gypsum (Calcium Sulfate): A byproduct of wet FGD, widely used in construction and cement industries.
- Calcium Sulfite: Formed in some FGD processes, often converted to gypsum.
- Sulfuric Acid: Produced in specific FGD methods for industrial use.
- Elemental Sulfur: Can be recovered for fertilizers and chemicals.
“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.
Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=862
“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.
Flue Gas Desulfurization System Market Companies
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.
Top 3 Players in the FGD Systems 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.
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 company’s wide range of product offerings in Air Quality Control Systems makes it highly competitive in this market.
Speak to Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=862
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 GE’s 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 it’s existing customers in India, Sri Lanka, Bangladesh, the US and Canada under the license from Andritz.
Frequently Asked Questions (FAQ):
🔀 What is the estimated size of the FGD systems market in 2020?
🔀 Which region to be the fastest-growing?
🔀 Which end use industry to be fastest growing?
🔀 How can key players tap growth opportunities in FGD systems market?
🔀 What will be the post-COVID-19 impact on the access control market?
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=862
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
