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Global Flue Gas Desulfurization System Market Insight January 20, 2022 Comments

The Flue Gas Desulfurization System is forecast to fast increase over the next four years.According to the WK-chem Research “Global Flue Gas Desulfurization System Professional Survey Report 2022, Forecast to 2027”, The increase in popularity of FGD systems in the growing cement and chemical manufacturing industries is also expected to garner to the growth of the global flue gas desulfurization systems market. In addition, growth in awareness about the consequences of air pollution on health among the people and governments of different countries enhances the demand for flue gas desulfurization (FGD) systems; thereby, catering to the development of the market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.2% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Technology releases, acquisitions and R&D activities are key strategies adopted by participants in the Flue Gas Desulfurization System market. At the same time, because the emergence of renewable energy has restricted the development of Flue Gas Desulfurization System, it is recommended that the company develop innovation and create better products.”Said John, Senior analyst, Chemical industry Market Research Center in WK-chem Research.

Market insight:

Historically, the power and manufacturing sectors have been major sources of air pollution, with marine transportation joining the list in the last few decades. Combustion of fossil fuels in coal-fired power plants, manufacturing facilities, and marine transport releases sulfur dioxide and various nitrogen oxides, which, upon reaction with atmospheric moisture and oxygen, form sulfuric and nitric acid fumes, ultimately leading to acid rain. This acidic water robs the soil of its essential nutrients, many a time inhibiting the reproduction capabilities of trees while also doing considerable damage to associated ecosystems. There are also adverse effects on human health in terms of direct or indirect exposure to sulfur oxides, with problems ranging from cardiovascular diseases to premature death. Hence, the need for the removal of toxic contaminants like SOx, NOx, mercury, and particulate matter at their source becomes paramount.However, the Chinese government’s focus on stimulating the economy with investments and a recent shift towards energy security has cast aside concerns about financial viability, overcapacity, and environment, which is expected to surge the product demand over the forecast period.The rising demand for FGD by-products in the agricultural and construction industry is expected to create opportunities for FGD manufacturers over the coming years.

Cleaner, cooler, and healthier environment redefined the necessity to adopt renewable sources of energy for sustainability, and hence, the reliance on carbon fuels is decreasing. Countries are making efforts to develop renewable sources of energy such as hydropower, offshore & onshore wind, solar photovoltaic, and bioenergy. This is the key challenge affecting the growth of coal fire power plants and as a result affecting the FGD systems market.A standard FGD system consists of an electrostatic precipitator followed by the main desulfurization unit, a scrubber, and an in-line steam reheater. This energy-intensive technology accounts for roughly 2.5% to 6% of the total energy generation capacity of a coal-fired power plant. Thus, the operational costs rise substantially, leading to economic infeasibility for plants with a capacity of less than 500 MW. Major energy consumption is attributed to the reheater, water & slurry pumps, and tank agitation. Other factors that influence energy consumption patterns are scrubber design, coal characteristics, plant design, and regulatory constraints. These high energy requirements pose a major challenge to the growth of the FGD systems market.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Flue Gas Desulfurization System companies that include Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Andritz AG (Austria), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea).

Segmentation of Flue Gas Desulfurization System Market:

Based on type, the market has been segmented into wet and dry & semi-dry FGD systems. Wet FGD systems segment accounted for the largest share.Key factors responsible for the adoption of wet FGD technology are its high removal efficiency, high emission standards set by federal governments, an increase in electricity demand, and an increase in the number of coal-fired power plants in emerging economies. The growth of the wet FGD systems segment can also be attributed to its early commercial deployment in 1970 and its high efficiency in terms of SO2 removal. Moreover, the by-product of typical wet FGD systems, which use limestone as a reagent, is gypsum. This can be marketed to cement and wallboard manufacturers and the fertilizer industry.Based on end-use industry, the FGD systems market has been segmented into:Power Generation,Chemical,Iron & Steel,Cement Manufacturing and Others (paper & pulp, waste incineration, and glass).The power generation end-use industry segment accounted for the largest share of the global FGD market. Coal-fired power plants are the major source of sulfur pollutants, due to the usage of high sulfur content coals in power plants. Flue gas desulfurization or FGD is the technology used to remove oxides of sulfur from combustion flue gases of power plants and other industrial processes that burn oil or coal to produce steam for process heating and electricity generation. An FGD system utilizes an alkaline sorbent to contact the flue gases to remove SOx. Growing electricity demand coupled with tightening of emission norm will drive the global market size in the coming years.Therefore, increased power generation is the reason for the dominance of the power generation segment over other end-use industries.

Flue Gas Desulfurization System Market: Regional Analysis

In terms of geography, the Global Flue Gas Desulfurization System Market is classified into North America, Asia Pacific, Europe, Middle East & Africa, and South America.Asia Pacific accounted for the largest share of the FGD systems market.The Asia Pacific FGD systems market will see increased demand from the power generation industry as a result of the increased regulations and power production in the region. The power generation industry consumed the highest amount of FGD in the region and accounted for the largest share in the Asia Pacific FGD systems market in 2020. As the chemical sector, as well as the cement and metal smelting industries, are growing in Asia Pacific, more opportunities are expected for this market in this region in the coming years.Indonesia, Vietnam, Bangladesh, and South Korea are expected to contribute 18.6% of the total coal-fired power plant pipeline projects over the coming years, according to the global energy monitor. As a result, the demand for new FGD systems in the Asia Pacific is on the rise.

Cagr: 5.2%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Wet FGD Systems, Dry FGD Systems, Semi-dry FGD Systems
Application:Power Generation, Chemical, Iron & Steel, Cement Manufacturing, Others
Leading Company:Mitsubishi Heavy Industries Ltd., General Electric Company, Andritz AG, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc.