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Flue Gas Desulfurization System Market Trends, Growth, Forecast and Study Analysis 2022-2028

Flue Gas Desulfurization System Market, Size and Segment By Technology (Wet FGD Systems, Spray Dry FGD System, Dry FGD System) By Application (Power Plants, Chemicals, Cement, Metal Processing and Mining, Manufacturing), by Regions and Global Forecast 2022-2028

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.

Flue Gas Desulfurization System Market Revenue Graph

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.

Market Dynamics:

Drivers:

  • Strict rules for sulphur oxide pollution

Restraints:

  • Clean energy sources will become more common and be used more quickly.

Opportunity:

  • China and India are building more power plants that use coal.

Challenge:

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.

Key Players:

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.

Market Segmentation:

By Technology

  • Wet FGD Systems

  • Spray Dry FGD System

  • Dry FGD System

By Application

Power Plants

Chemicals

Cement

Metal Processing and Mining

Manufacturing    

Flue Gas Desulfurization System Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Flue Gas Desulfurization System Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

9.2 Chemicals

9.3 Cement

9.4 Metal Processing and Mining

9.5 Manufacturing    

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

 

11. Company Profile

11.1 Koch-Glitsch

11.1.1 Financial

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

11.7 KraftPowercon

11.8 Carmeuse

11.9 ANDRUTZ AG

11.10 Thermax Ltd.

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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