Flue Gas Desulfurization System Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Flue gas desulfurization (FGD) systems are used to remove sulfur dioxide (SO2) from flue gas, which is produced by the ignition of fossil fuels in oil, automobile tires, coal, municipal solid waste, and other industrial processes, which could include glass, paper, iron, steel, cement, gasoline refining, and copper manufacturing.  The flue gas desulfurization (FGD process assists in efficiently controlling plant emissions and battling the surging environmental challenges. The global flue gas desulfurization system market includes players engaged in developing and launching various flue gas desulfurization system-related technologies and products. The flue gas desulfurization system market is projected to grow at a compounded annual growth rate (CAGR) of 4.5% during the forecast period of 2022-2030.

Growth Drivers:

Due to rapid growth in urbanization & industrializations activities, the global air quality has been degrading at dangerous levels over the last few years. This has raised serious concerns across countries, compelling them to take immediate and effective measures to control air pollution and the overall quality of air. Governments of different regions have been imposing stringent laws and regulations such as the IMO 2021, The Clean Air Act (CAA), and the Mercury and Air Toxics Standards to maintain strict air quality standards. SOx emitting industries around the world have been mandated to install systems that monitor and curb emissions. This rising number of regulations and focus on curbing air pollution is projected to fuel the adoption and growth of flue gas desulfurization (FGD) systems during the forecast period.

The leading players present in the global flue gas desulfurization system market have been allocating substantial amounts of funds. They are focusing on developing technologically advanced products into the market to efficiently eliminate the flue gases from industrial plants and increase their market share & competitiveness. For instance, Carmeuse recently introduced new technologies, including Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS), which effectively remove 98.0% SO2 on 2.5% sulfur coal. These advancements aid in adopting new and effective systems and add to the rapid growth of the global flue gas desulfurization system market.

Moreover, the growing demand & usage of FGD gypsum in industries such as: mining, cement production, water treatment, agriculture, panel products, construction, and glassmaking applications is expected to fuel the adoption of FGD systems in their respective power plants, which, in turn, is expected to augment the growth of the global FGD systems market in the upcoming years.

Furthermore, the escalating demand for power, the rising awareness regarding consequences of air pollution on the health of people, the increasing investments in thermal power plants, and the proliferating popularity of FGD systems across industries worldwide are expected to further bolster the growth of the global flue gas desulfurization system market during the forecast period.

However, factors such as the high operating costs and initial investments, the sizeable operational energy requirements, the reduction in the number of coal power plants globally, the increasing share of renewables in the power generation capacity are anticipated to restrict the growth of the global flue gas desulfurization system market during the forecast period of 2022-2030.

Flue Gas Desulfurization System Market Segmentation:

By Technology:

·         Wet FGD Systems

·         Spray Dry FGD System

·         Dry FGD System

By Application:

·         Power Plants

·         Chemicals

·         Cement

·         Metal Processing & Mining

·         Manufacturing

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Flue Gas Desulfurization System Market Technology Review:

Based on technology, the global flue gas desulfurization system market is segmented into wet FGD systems, spray dry FGD systems, and dry FGD systems. The wet FGD systems segment led the global market in 2021. The segment is poised to remain dominant throughout the forecast period of 2022-2030. The high usage of wet FGD systems in industrial plants due to their higher fuel flexibility, lower reagent and operating costs, possible use of by-products, and high removal efficiency (> 95%) are the major factors driving the growth of this segment. On the other hand, the dry FGD systems segment is predicted to attain the highest growth in the market during the forecast period of 2022-2030.

Flue Gas Desulfurization System Market Application Review:

Based on application, the global flue gas desulfurization system market is segmented into power plants, chemicals, cement, metal processing & mining, and manufacturing. The power generation segment dominated the market in 2021 and is expected to continue to lead the market during the forecast period of 2022-2030. The segment is also predicted to attain the highest growth in the market during the forecast period of 2022-2030. The large share of this segment can be attributed to the high dependence of major countries on coal for electricity generation and the increasing number of power plants across major regions across the globe.

Regional Outlook:

The flue gas desulfurization System research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific region commanded the largest share of 75.0% in the global flue gas desulfurization market in 2021. The region’s dominance is expected to continue over the forecast period of 2022-2030. The region is also predicted to experience the highest growth in the market during the forecast period., Factors such as the increased usage of coal for fulfilling the burgeoning energy demand, the implementation of stringent emission standards for coal-based power plants such as the FGD implementation plan (2018-2022), the growing investments and industrial activities due to the ever-increasing population base, and the growing reagent and equipment replacement market are primarily contributing to the growth of the flue gas desulfurization market in the region. Industries such as chemical, manufacturing, and metal smelting are also experiencing swift growth in the region. Moreover, the expanding number of coal-fired power plants, especially in India and China due to significant ease in relaxations and permits, is also expected to lead to rising adoption of flue gas desulfurization systems in the Asia Pacific in the next few years. India, Japan, China, Indonesia, Vietnam, Bangladesh, and South Korea are the leading contributors to the growth of the market in the region.

The report also identifies the country market outlook for the flue gas desulfurization system, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Flue Gas Desulfurization System Market:

The research report offers a competitive analysis of prominent companies operating in the global flue gas desulfurization system market. Some of the leading players profiled in the market research report include:

·         Marsulex Environmental Technologies

·         Thermax Ltd.

·         Babcock & Wilcox Enterprises Inc.

·         Carmeuse

·         GEA Group Aktiengesellschaft

·         Koch-Glitsch

·         KraftPowercon

·         Mitsubishi Heavy Industries Ltd.

·         General Electric Company

·         Doosan Lentjes GmbH

·         Rafako S.A.

·         FLSmidth & Co.

·         Hamon Group

·         Andritz AG

·         Other Players