According to a market research report, the “Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield) and Region – Global Forecast to 2026″, size 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. A Flue Gas Desulfurization (FGD) system is an industrial technology used to remove sulfur dioxide (SO2) and other pollutants from the exhaust gases produced by power plants and industrial processes. It primarily aims to reduce air pollution and mitigate the harmful environmental and health effects of sulfur emissions. The FGD process typically involves passing the flue gas through a chemical scrubber, where it comes into contact with an alkaline solution, such as limestone or lime slurry. This reaction converts the sulfur dioxide into less harmful compounds, like calcium sulfate (gypsum), which can be safely disposed of or used in various industrial applications.
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- 136 Market data Tables
- 48 Figures
- 217 Pages and in-depth TOC on “Flue Gas Desulfurization System Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
The major players in flue gas desulfurization system market include 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) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the flue gas desulfurization system market.
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An FGD system is a set of air pollution control equipment used to extract flue gases such as sulfur oxide, carbon dioxide, and others by chemically treating them and converting them into by-products such as gypsum, calcium sulfate, or sulfuric acid, depending on the mechanism used for extraction. FGD systems are used to remove sulfur, with efficiencies as high as 98%, if operated under optimum conditions, such as good quality sorbent and system design, among others.
Based on type, the wet FGD systems segment is projected to dominate the market through the forecast period. The growth of this segment can be attributed to its early commercial deployment in 1970 and its high efficiency in terms of SO2 removal. Moreover, the by-product of typical wet FGD systems, which use limestone as a reagent, is gypsum. This can be marketed to cement and wallboard manufacturers and the fertilizer industry. However, between 2021 and 2026, the semi-dry FGD system segment is projected to grow at a higher rate than wet FGD systems, as in the same plant size, dry & semi-dry FGD systems are cheaper than wet FGD systems. Low cost is the prime reason for the adoption of dry & semi-dry FGD systems worldwide.
Based on end-use industry, the power generation segment is projected to dominate the global FGD market through the forecast period. This segment is projected to be the fastest-growing. Coal-fired power plants are the major source of sulfur pollutants, due to the usage of high sulfur content coals in power plants. The huge base of coal-fired power plants around the globe is the primary reason for the dominance of the power generation segment over others.
The FGD systems market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Asia Pacific is the major consumer of FGD systems owing to the strong base of coal-fired power plants, cement manufacturing plants, and iron & steel processing plants in the region. The growing demand for FGD systems is mainly attributed to the stringent regulations in the Asia Pacific region for the treatment of flue gases. For instance, in China, it has become a mandate for plants to install FGD systems in order to effectively comply with air pollution control regulations.
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