Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 6.09 |
Flue Gas Desulphurization (FGD) Market Analysis By Application (Power Plants, Industrial Processes, Marine, Others), By Type (Wet FGD, Dry FGD, Semi-Dry FGD), and By Region Forecast to 2032:
The Flue Gas Desulphurization (FGD) Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing focus on environmental regulations, the need for reducing sulfur dioxide emissions, and the growth of industries reliant on combustion processes. Flue Gas Desulphurization (FGD) refers to the technology used to remove sulfur dioxide (SO2) from flue gases generated by combustion processes.
Flue Gas Desulphurization (FGD) Market Overview:
Drivers:
One of the primary drivers fueling the growth of the Flue Gas Desulphurization (FGD) Market is the stringent environmental regulations aimed at reducing air pollution. Governments and regulatory bodies worldwide are imposing limits on sulfur dioxide emissions from industrial and power generation sources, necessitating the adoption of FGD systems.
Furthermore, the expansion of power generation capacities, especially in emerging economies, contributes to the market's growth. As new coal-fired power plants come online, the demand for FGD systems to reduce emissions and comply with emissions standards increases.
Trends:
An emerging trend in the Flue Gas Desulphurization (FGD) Market is the deployment of advanced FGD technologies, such as dry and semi-dry FGD systems. These technologies offer advantages in terms of lower water consumption and reduced waste generation, making them more environmentally friendly.
Additionally, the use of FGD systems in marine applications to reduce emissions from ship engines is gaining traction. As environmental concerns in the shipping industry grow, FGD systems are being adopted to mitigate sulfur emissions from maritime transportation.
Restraints:
One of the key challenges hindering the growth of the Flue Gas Desulphurization (FGD) Market is the high initial capital investment required for installing FGD systems. The cost of designing and installing these systems, as well as their maintenance, can be significant, especially for smaller industrial facilities.
Moreover, the disposal of waste by-products generated by FGD systems, such as gypsum, can be a concern. Proper handling and disposal of waste materials are essential to minimize environmental impact.
Flue Gas Desulphurization (FGD) Market Segmentation By Application:
Flue Gas Desulphurization (FGD) Market Segmentation By Type:
Regional Overview:
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North America is expected to be a key contributor to the global Flue Gas Desulphurization (FGD) Market, driven by stringent environmental regulations in the United States and Canada. The retrofitting of existing power plants with FGD systems and the construction of new environmentally compliant facilities contribute to market growth.
Europe is another significant market for FGD systems, particularly in countries like Germany and the United Kingdom, where emissions reductions are a priority. The European Union's directives on air quality and emissions control drive the adoption of FGD technologies.
Flue Gas Desulphurization (FGD) Market Customer Landscape:
The Flue Gas Desulphurization (FGD) Market serves a customer base that includes power generation companies, industrial manufacturers, shipowners, and engineering firms involved in emissions control projects.
Major Flue Gas Desulphurization (FGD) Market Companies:
Companies in the Flue Gas Desulphurization (FGD) Market offer a range of FGD technologies and solutions.
Example companies include:
The competitive landscape analysis in the report provides insights into key market players, including:
Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.
Segment Overview:
The Flue Gas Desulphurization (FGD) Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL FLUE GAS DESULPHURIZATION (FGD) MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. FLUE GAS DESULPHURIZATION (FGD) MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Flue Gas Desulphurization (FGD) Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. FLUE GAS DESULPHURIZATION (FGD) MARKET BY Technology INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Dry FGD
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Wet FGD
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4. Semi-Dry FGD
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. FLUE GAS DESULPHURIZATION (FGD) MARKET BY Installation INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Greenfield
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Brownfield
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. FLUE GAS DESULPHURIZATION (FGD) MARKET REGIONAL OUTLOOK
7.1. Flue Gas Desulphurization (FGD) Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Flue Gas Desulphurization (FGD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Flue Gas Desulphurization (FGD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Babcock & Wilcox Enterprises Inc
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Marsulex Environmental Technologies Corporation, Inc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Hamon Corporation
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. FLSmidth & Co. A/S
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Siemens AG
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Rafako S.A.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Clyde Bergemann Power Group
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Doosan Lentjes GmbH
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. General Electric Company
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Mitsubishi Heavy Industries, Ltd
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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