Market Highlights
Global Flue Gas Desulfurization Market is accounted for $ 19.80 billion in 2017 and expected to grow at a CAGR of 6.8% to reach $35.98 billion by 2026. Environmental concerns, strong regulations on sulphur usage are the factors driving the market growth. Innovation of alternative and renewable sources of energy, waste disposal requirement and associated costs are hampering the market growth. Increasing Coal-Fired Plants in China and India provide opportunity for the market. The requirement of high energy for the flue gas desulfurization is a challenge. Increased demand for electricity in regions such as North America and Asia Pacific is expected to boost the market.
By Technology, Semi dry/dry Flue Gas Desulphurization is cost effective and compatible for limited water availability projects and utilities boilers using coal as fuel. The process of desulfurization is carried out in two stages and the key benefits in availing this process are reducing the occurrence of dust particles & better usage of sorbent.
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By Application, Reagents & replacement is reagent are substance or compounds added to a system to cause a chemical reaction, or added to test if a reaction occurs. The reagent is injected in the flue gas in a spray tower or directly into the duct. The SO2 is absorbed, neutralized and/or oxidized by the alkaline reagent into a solid compound, either calcium or sodium sulfate. The solid is removed from the waste gas stream using downstream equipment. Slaked lime is one such reagent used for desulfurization.
Asia Pacific region is attributed to grow at the highest CAGR during the forecast period to meet with implementation of regulations continuously over the past couple of years therefore several manufacturers are availing for the FGD systems.
Some of the key players in the Global Flue Gas Desulfurization market are Hamon Corporation, Rafako, Mitsubishi Heavy Industries,Thermax, Babcock & Wilcox Enterprises, Flsmidth, Andritz Doosan Lentjes, Clyde Bergemann Power Group, General Electric, Alstom SA, China Boqi, Hitachi Power System America Ltd., Siemens Energy, Ducon Technologies Inc. and Valmet.
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Market Segments
Technologies Covered:
• Dry & Semi-Dry FGD Systems
• Wet FGD System
• Seawater
• Limestone
• Other Systems
End Users Covered:
• Iron & Steel
• Power Generation
• Chemical
• Cement Manufacturing
• Other End Users
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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