Report Id: SNS/C&M/1976 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Flue Gas Desulfurization System Market Size was valued at USD 19.08 billion in 2021, and is expected to reach USD 27.01 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.
Flue gas desulfurization systems are used to get rid of sulphur dioxide (SO2) from gases made by the burning of fossil fuels like coal, oil, car tyres, municipal solid waste, and a number of industrial processes like making cement, refining gasoline, making glass, paper, iron, steel, and copper. Acid rains are mostly caused by the release of SO2, and every industrial country in the world has rules about how much can be released.
The flue gas desulfurization systems market is expected to grow because FGD systems are becoming more popular in the cement and chemical industries, which are also growing. People and governments in different countries are becoming more aware of the effects of air pollution on health, which increases the demand for flue gas desulfurization (FGD) systems and helps the market grow. The big players in the flue gas desulfurization systems market are trying to grow and improve their product lines so that industrial plants can get rid of their flue gases more efficiently.
Strict rules for sulphur oxide pollution
Clean energy sources will become more common and be used more quickly.
China and India are building more power plants that use coal.
High amount of energy needed to run the FGD system in power plants
Impact of Covid-19:
Because of the COVID-19 pandemic, pollution levels have gone down in many different countries. The International Energy Agency says that by 2020, the world's energy use will have dropped by about 5 percent, which would be the biggest drop in 70 years. The FGD systems market was affected by problems with the supply chain and the economy, which caused projects to be delayed, pushed back, or even cancelled. FGD systems are also used a lot in the chemical industry and the cement industry. The COVID-19 pandemic has had a big effect on important industries like making chemicals, iron and steel, and cement. End markets have been hit hard by changes in the demand for chemicals, which has messed up global supply chains. Because of this, major chemical companies' stock prices and income have taken big hits, which has slowed down investments in new FGD systems.
Koch-Glitsch, S.A. HAMON, Babcock & Wilcox Enterprises, Inc., GE Power, Mitsubishi Hitachi Power Systems, Ltd., GEA Group Aktiengesellschaft, KraftPowercon, Carmeuse, ANDRUTZ AG, Thermax Ltd.
Wet FGD Systems
Spray Dry FGD System
Dry FGD System
Metal Processing and Mining
The global flue gas desulfurization systems market is split into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. In 2019, most of the money came from the Asia-Pacific region. This was because there was more demand from the power industry and more power was being made in the region. India and China are growing a lot in the area because pollution is getting worse, emission standards are being put in place, and more money is being put into expanding capacity. The European Government's efforts in the field of agriculture, such as green growth, agroecology, and sustainable intensification, should lead to a lot of growth in Europe. North America's market is growing quickly because government rules are getting stricter and more people want to use electricity.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 19.08 Billion|
|Market Size by 2028||US$ 27.01 Billion|
|CAGR||CAGR of 4.5% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Technology (Wet FGD Systems, Spray Dry FGD System, Dry FGD System)
• By Application (Power Plants, Chemicals, Cement, Metal Processing and Mining, Manufacturing)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Koch-Glitsch, S.A. HAMON, Babcock & Wilcox Enterprises, Inc., GE Power, Mitsubishi Hitachi Power Systems, Ltd., GEA Group Aktiengesellschaft, KraftPowercon, Carmeuse, ANDRUTZ AG, Thermax Ltd.|
|DRIVERS||• Strict rules for sulphur oxide pollution|
|Restraints||• Clean energy sources will become more common and be used more quickly.|
Frequently Asked Questions (FAQ) :
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Koch-Glitsch, S.A. HAMON, Babcock & Wilcox Enterprises, Inc., GE Power, Mitsubishi Hitachi Power Systems, Ltd., GEA Group Aktiengesellschaft, KraftPowercon, Carmeuse, ANDRUTZ AG, Thermax Ltd. are the major key players of Flue Gas Desulfurization System Market(TPO) Market
Ans: China and India are building more power plants that use coal are the opportunity faced by the Flue Gas Desulfurization System Market(TPO) Market.
Ans: Flue Gas Desulfurization System Market Size was valued at USD 19.08 billion in 2021, and expected to reach USD 27.01 billion by 2028, and grow at a CAGR of 4.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Flue Gas Desulfurization System Market Segment, By Technology
8.1 Wet FGD Systems
8.2 Spray Dry FGD System
8.3 Dry FGD System
9.Flue Gas Desulfurization System Market Segment, By Application
9.1 Power Plants
9.4 Metal Processing and Mining
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 S.A. HAMON
11.3 Babcock & Wilcox Enterprises, Inc.
11.4 GE Power
11.5 Mitsubishi Hitachi Power Systems, Ltd.
11.6 GEA Group Aktiengesellschaft
11.9 ANDRUTZ AG
11.10 Thermax Ltd.
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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