Flue Gas Desulphurization Equipment has gained popularity over the
years due to increasing air pollution due to the release of sulfur dioxide in
the atmosphere.
Market Size – USD 16.01 billion in 2018, Market Growth - CAGR of
4.8%, Market Trends – the Growing prevalence of airborne diseases.
The global FGD Equipment market is
expected to reach USD 23.49 Billion by 2026, according to a new report by
Reports and Data. These equipment removes sulfur dioxide from the flue gas
before it is emitted. When fossil fuels are burned in power plants such as oil
and coal combustion unit, these equipment lowers sulfur dioxide and greenhouse
gas emissions.
The demand for FGD equipment is growing in power plants, chemical
manufacturing units, iron & steel, and cement manufacturing industries due
to the stringent government policies concerning the environmental hazards.
Rapid industrialization and growth of infrastructure are going to push the
market for FGD Equipment. Increase in demand for power assisted with dependence
for coal will encourage the market in the coming years. Technological
advancements in high performing equipment and decreasing cost of it is going to
provide new players with opportunities to explore.
APAC is estimated to be the highest growing region owing to the
rising population levels in China and India. Government policies will boost the
market. The demand for power generation in this region due to the growing
infrastructure and industrialization is set to fuel the growth if FGD Equipment
in this region. Europe has strict regulations for Sulfur emission and is one of
the leading users of FGD equipment.
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/sample-enquiry-form/1192
Further key findings from the report suggest
- The rise
in demand for energy and stringent regulations for environmental benefit
is set to increase the market for FGD Equipment.
- Expensive
installation and waste disposal cost are still challenges faced by the
manufacturers and is limiting the market’s growth.
- Emerging
countries like China, India, and Brazil are some of the regions that are
paving the way for the growth of the market.
- On the
basis of Type, Wet FGD is expected to have a larger market share as they
are mainly used in industrial plants owing to their higher efficiency in
removing sulfur dioxide.
- Utilization
of coal in the industry is maximum, government across the globe has strict
policies to install wet FGD.
- Power
generation segment in the End-User sector is expected to lead the market
as most of the countries still use coal for electricity generation.
- Brownfield
technology is one where the equipment will be updated keeping it linked to
coexist with the prior equipment whereas Greenfield is the installation of
all new equipment.
- Cement
manufacturing unit will have the second largest market share after power
generation due to the emergence of new infrastructure and industries.
- APAC to
have the highest market share owing to the emergence of manufacturing
units and their utilization of coal.
- Europe to
have the second largest market share due to strict government policies
regarding sulfur dioxide emission.
- Key
participants include Marsulex Environmental Technologies Corporation,
Clyde Bergemann Power Group, Inc, Hamon Corporation, FLSmidth & Co.
A/S, Siemens AG, Rafako S.A., Babcock & Wilcox Enterprises Inc.,
Doosan Lentjes GmbH, General Electric Company, and Mitsubishi Heavy
Industries, Ltd.
For the purpose of this report, Reports and Data have segmented
global FGD Equipment market on the basis of technology, installation, end-user,
application, and region:
Technology Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD
Million; 2018-2026)
- Dry FGD
- Wet FGD
- Semi-Dry
FGD
Installation Outlook (Volume, Kilo Tons; 2018-2026 and
Revenue, USD Million; 2018-2026)
- Greenfield
- Brownfield
End-user Outlook (Volume, Kilo Tons; 2018-2026 and Revenue,
USD Million; 2018-2026)
- Power
Generation
- Chemical
Manufacturing Industry
- Iron and
Steel Industry
- Cement
Manufacturing
Application Outlook (Volume, Kilo Tons; 2018-2026 and
Revenue, USD Million; 2018-2026)
- New
Systems
- Reagents
- Replacements
- Scrubbers
- Ball Mill
Slurry
- Cyclone/Filter
Feed
- Others
Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD
Million; 2018-2026)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- South-east
Asia
- Latin
America
- Brazil
- MEA
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