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    Flue Gas Desulfurization Systems Market Report

    Flue Gas Desulfurization Systems Market Report
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    Flue Gas Desulfurization Systems Market Size, Share, Trend, Forecast, & Industry Analy See more...

    Impact of COVID-19 on Flue Gas Desulfurization Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Flue Gas Desulfurization Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Flue Gas Desulfurization Systems Market is likely to witness a CAGR of 5% during the forecast period. Surge in demand for electricity along with increasing investments toward thermal power generation capacity additions is likely to lead the flue gas desulfurization systems market growth. Developing economies are hostile investing towards coal-fired power generation to meet the ever rising electricity demand from key economic sectors. Besides, the development of captive power plants across heavy industries will positively impact the deployment of these systems over the forecast period.

    Flue Gas Desulfurization Systems Market – Snapshot

    Growth

    5% for the next five years

    Major Technology Type

    Wet

    Major Application Type

    Power Plant

    Region with the highest demand

    Asia-Pacific

    Key Players

    Babcock and Wilcox Enterprises, Inc., CECO Environmental, DowDuPont, GEA Group., General Electric, Hamon & Cie International SA., Mitsubishi Hitachi Power Systems, Nederman Mikropul, Tri-Mer Corporation, Verantis

    Segment Analysis

    Flue-Gas-Desulfurization-Systems-Market-Dominant-Segments

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    Flue Gas Desulfurization Systems Market Share: By Technology Type

    Based on the technology type, the market is segmented as wet and dry. The wet flue gas desulfurization systems market is estimated to grow over 5% during the forecast period. Low sorbent material costs combined with high scrubbing & control efficiencies are some of the major underlying factors which will propel the industry growth. Strict emission standards pertaining to power generation and heavy industries will further energize the adoption of wet FGD systems. On the other hand, the dry flue gas desulfurization systems market is expected to experience strong growth on account of its low capital cost and ease of installation as compared to its available alternative. Compact design and simpler waste disposal processes are some of the major factors which advocate the adoption of these systems. Ongoing investments toward expansion of medium-scale industrial plants are further likely to bolster the product deployment over the forecast timeline.

    Flue Gas Desulfurization Systems Market Share: By Application Type

    Based on the application type, the market is segmented as power plants, chemical & petrochemical, cement, metal processing & mining, manufacturing, and others. The cement application segment is expected to observe significant growth during the forecast period. The SOx emissions from cement manufacturing are primarily generated in pyro processing stage during the fuel combustion. Over 90% of the SOx reduction is accomplished from installation of FGD systems at cement production plants, which drives the growth of the segment. Furthermore, robust growth across construction sector along with introduction of stringent emission standards is set to boost the demand for flue gas desulfurization systems across the cement industry.

    Flue Gas Desulfurization Systems Market Share: By Region

    In terms of regions, Asia-Pacific was the largest market for flue gas desulfurization systems in 2020, and is expected to maintain its dominance during the forecast period as well.  The Asia-Pacific region is likely to see an increased demand from the power generation industry as a result of the increased regulations and power production in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Flue-Gas-Desulfurization-Systems-Market-By-Region

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    Market Scope & Segmentation

    Flue gas desulfurization is the technology that is employed to remove oxides of sulfur from combustion flue gases of power plants and other industrial processes which burn oil or coal to produce steam for process heating and electricity generation.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Flue Gas Desulfurization Systems Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The flue gas desulfurization systems market is segmented into the following categories.

    Flue Gas Desulfurization Systems Market Size, Share, & Forecast, by Technology Type:

    • Wet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flue Gas Desulfurization Systems Market Size, Share, & Forecast, by Application Type:

    • Power Plants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical & Petrochemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Processing & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flue Gas Desulfurization Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Flue-Gas-Desulfurization-Systems-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the technology types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Babcock and Wilcox Enterprises, Inc., CECO Environmental, DowDuPont, GEA Group., General Electric, Hamon & Cie International SA., Mitsubishi Hitachi Power Systems, Nederman Mikropul, Tri-Mer Corporation, Verantis are among the key players in the flue gas desulfurization systems market.

    The flue gas desulfurization systems market is expected to witness an impressive growth of 5% CAGR in the foreseeable future.

    Asia-pacific is expected to remain dominant in the flue gas desulfurization systems market during the forecast period.

    The cement application segment is expected to observe significant growth in the flue gas desulfurization systems market in the coming five years.

    Surge in demand for electricity along with increasing investments toward thermal power generation capacity additions, the development of captive power plants across heavy industries are the factors driving the growth of flue gas desulfurization systems market.

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