According to Stratistics MRC, the Global Flue Gas Desulfurization Market is accounted for $26.80 billion in 2020 and is expected to reach $45.37 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Growing demand from power & energy sector is driving the market growth. However, high cost of reagents and protection concerns related with flue gas desulfurization is hampering the growth of the market. Some of the key players profiled in the Flue Gas Desulfurization Market include Aecom, Andritz Ag, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Clyde Bergemann Eec, Doosan Lentjes Gmbh, Ducon Technologies Inc., Flsmidth, General Electric, Hamon, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., Rafako S.A., S.A Hamon, Thermax Ltd. and Valmet.
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Types Covered:• Components, Repairs, & Consumables• Revamp• New SystemsInstallations Covered:• Brownfield• Greenfield
Products Covered:• Wet FGD Systems• Dry & Semi-Dry FGD Systems
Applications Covered:• Ball Mill Slurry• Cyclone/Filter Feed• New Systems• Reagents• Replacements• Scrubbers
End Users Covered:• Cement Manufacturing• Chemical• Iron and Steel• Power Generation• Power Plants• Waste Incineration• Pulp & Paper
The Global Flue Gas Desulfurization Market is majorly driven by growing prevalence of airborne diseases, implementation of stringent air quality standards to reduce SOx emission levels, rising number of coal powered plants, and increasing generation of electricity from coal. The components, repairs, & consumables segment is growing at a highest CAGR owing to the greater yearly expenditure of FGD systems, consists of repair & maintenance expenses, reagents costs, O&M labor expenditure, wastewater treatment overheads, auxiliary power, and others. North America dominated with a significant market share due to the rising demand for electricity in the region and for the need to regulate the emissions from the existing coal-fired power plants. Asia Pacific market is growing at a highest CAGR owing to growing cement manufacturing and metal smelting industries, rising investments for the expansion of coal-fired generation power plants, rapidly rising energy demand, industrialization, awareness about controlling air pollution.
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