Global Flue Gas Desulphurization Market, By Major Manufacturer—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

According to Quince Market Insights, the global flue gas desulphurization (FGD) market is estimated at USD 27.87 billion from 2018 to 2028. Due to the significant use of the product in the chemical manufacturing industry, combined with elevated demand in the Asia Pacific region, the market is expected to grow significantly. The market is expected to grow at a CAGR of 5.1 % during the forecast period.

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Market Overview

In today’s world pollution has been a serious problem not only for humans but also for different kinds of life forms. Different chemicals are emitted from industries and are disposed of in the open air which is making our atmosphere unbreathable and toxic. One of the reasons for air pollution is Sulphur dioxide (SO2) which is emitted from the combustion of oil, coal & methane compounds. All these chemicals combined produces toxic chemicals such as Sulphur dioxide in the form of smoke. With the rapid urbanization, there is an increasing number of industries which is a threat to the environment. But technology has evolved in recent times and has introduced to the flue gas desulphurization. It eliminates the Sulphur dioxide which is present in the industrial emissions. This is one of the most important factors responsible for the growth of the flue gas desulphurization market. Hence, it is now mostly used in every industry now which releases emissions in the air. It can be mostly seen in thermal power plants, petrochemical industries, etc. However, government regulations for controlling the environmental factors have also benefited the flue gas desulphurization market. It is also used in purifying the gases from Sulphur dioxide pestilence in the chemical industries. The flue gas desulphurization is also used in the iron and steel industry. All these factors are influencing the growth of the flue gas desulphurization market.

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Asia Pacific to witness the highest demand for flue gas desulphurization during the forecast period

The flue gas desulphurization is witnessing a high demand from the Asia Pacific region. This is due to increasing industries and clean energy demand. In countries like China, there is a higher dependency on thermal power energy. All the industries are now fitted with flue gas desulphurization which automatically increases the growth of the flue gas desulphurization market. However, India is also contributing to the growth of the flue gas desulphurization market, owing to the rapid urbanization and increasing energy demands. Also, increasing industries in the region are also responsible for the growth of the flue gas desulphurization market. Strict government regulations and different kinds of programs such as CAIR in India are one of the main factors which is contributing to the rapid growth of flue gas desulphurization in the market.

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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, Mitsubishi Heavy Industries Ltd have been profiled in the study to provide a competitive view about the market.

Market Segmentation:

By Type:

• Dry FGD
• Wet FGD
• Semi Dry FGD

By Installation:

• Greenfield
• Brownfield

By End-use Industry:

• Power Generation
• Chemical Manufacturing
• Iron & Steel
• Cement Manufacturing

By Region:

• North America
• Asia Pacific
• Western Europe
• Eastern Europe
• Middle East
• Rest of the World

What Does This Report Provide?

This report provides a detailed understanding of the Flue gas desulphurization market from a qualitative and quantitative perspective with a forecast of 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and in-depth analysis of the leading companies operating in the market

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About Quince Market Insights:
Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.