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Global Flue Gas Desulphurization (FGD) System Market is projected to grow at a CAGR of 5% by 2024 | TechSci Research
According to TechSci Research report, “Global Flue Gas Desulphurization System Market By Installation, By Type, By End User, By Region, Competition, Forecast & Opportunities, 2024”, global flue gas desulphurization (FGD) system market is projected to grow at a CAGR of over 5% during 2019-2024, on the back of stringent government regulations related to the emissions of harmful gases by various industrial processes in the environment. Increasing concerns worldwide regarding environmental pollution, growing prevalence of airborne diseases and implementation of various environmental laws and regulations in different countries are the major factors that would have a positive impact on global FGD system market. Moreover, there is a rising demand for FGD systems from the power generation, chemical, iron & steel, and cement manufacturing industries, thereby further fueling the FGD system market across the globe.
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By end user, global flue gas desulphurization (FGD) system market has been categorized into power generation, chemicals, iron & steel, cement manufacturing and others. Among the end users, power generation category is expected to account for majority share in the global FGD system market in coming years, majorly due to increasing demand for power. North America FGD system market is anticipated to witness steady growth through 2024, backed by ongoing industrialization in the region. Demand for FGD would continue to increase during forecast period, owing to the growing use of cement and other materials. Moreover, stringent government regulations related to the treatment of flue gases, which mostly contain harmful pollutants, before releasing them to the environment is bolstering the market for flue gas desulphurization system in the North American region.
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“Major factors contributing to the growth of global flue gas desulphurization system market are growing prevalence of airborne diseases, implementation of environmental laws and regulations and rising concerns related to environmental pollution. Increasing demand for FGD systems from chemicals, power generation, cement manufacturing, iron & steel and other industries is expected to propel the flue gas desulfurization system market growth, globally, over the course of next five years.”, said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Flue Gas Desulphurization System Market By Installation, By Type, By End User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global flue gas desulphurization (FGD) system market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global flue gas desulphurization (FGD) system market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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