Press release
Flue Gas Desulfurization Systems Market: Industry Application and Analysis by Top Leaders | General Electric, Tri-Mer Corporation, Verantis, Nederman Mikropul, GEA Group
With a surge in power consumption, several countries are investing actively in their thermal power generation sector which will foster flue gas desulfurization systems market size in the coming years. For instance, in 2019, India’s Cabinet Committee on Economic Affairs cleared the proposal for investing Rs 10,439.09 crore for the 1320 MW Buxar Thermal Power Project in Bihar and an Rs 11,089.42 crore investment for the 1320 MW Khurja Super Thermal Power Plant in Uttar Pradesh and the Madhya Pradesh based Amelia Coal Mine. Additionally, nations worldwide are focusing more on maintaining their ambient air quality index thus enhancing flue gas desulfurization systems market growth.
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For instance, the Central Electricity Authority (CEA) recently identified about 300 operational units, totaling about 120 GW, wherein flue gas desulfurization needs to be installed in a phased manner by 2022. The initiative is anticipated to entail an investment of about Rs 50,000 crore, that would provide a considerable boost for flue gas desulfurization systems industry.
With growing demand, many flue gas desulfurization systems industry players worldwide are also focusing on developing more advanced wet flue gas desulfurization (WFGD) systems to enhance their system’s offering. For instance, General Electric has introduced a steam power systems WFGD-Open Spray Tower (OST) that offers lower power consumption and has smaller dimensions compared to its previous model, offering close to zero emissions.
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Reportedly, India ranks third among the world’s largest emitters of greenhouse gases (GHGs), following China and the U.S. The country’s energy sector comprises electricity production, manufacturing industries, transport sector and fugitive emissions that have contributed to around 71% of its total GHG emission. However, compliance with the new emission norms could lead to retrofitting of existing thermal power plants with auxiliaries SOx and NOx emissions control systems like Flue Gas Desulfurization (FGD).
Partial Table of Contents (ToC) of the report:
Chapter 4 Flue Gas Desulfurization Systems Market, By Application
4.1 Flue gas desulfurization systems market share by application, 2018 & 2025
4.2 Power Plants
4.2.1 Global market from power plants, 2014 - 2025
4.2.2 Global market from power plants, by region, 2014 - 2025
4.3 Chemical & Petrochemical
4.3.1 Global market from chemical & petrochemical, 2014 - 2025
4.3.2 Global market from chemical & petrochemical, by region, 2014 - 2025
4.4 Cement
4.4.1 Global market from cement, 2014 - 2025
4.4.2 Global market from cement, by region, 2014 - 2025
4.5 Metal processing & Mining
4.5.1 Global market from metal processing & mining, 2014 - 2025
4.5.2 Global market from metal processing & mining, by region, 2014 - 2025
4.6 Manufacturing
4.6.1 Global market from manufacturing, 2014 - 2025
4.6.2 Global market from manufacturing, by region, 2014 - 2025
4.7 Others
4.7.1 Global market from others, 2014 - 2025
4.7.2 Global market from others, by region, 2014 - 2025
Chapter 5 Flue Gas Desulfurization Systems Market, By Technology
5.1 Flue gas desulfurization systems market share by technology, 2018 & 2025
5.2 Wet
5.2.1 Global market from wet, 2014 - 2025
5.2.2 Global market form wet, by region, 2014 - 2025
5.3 Dry
5.3.1 Global market from dry, 2014 - 2025
5.3.2 Global market from dry by region, 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/flue-gas-desulfurization-systems-market
Moreover, to comply with the emission standards, power producers will require to make significant investments for installing pollution control technologies, creating an industry opportunity worth around Rs 2500 billion for the pollution control equipment industry, over the next 15 years, claims the Federation of Indian Chambers of Commerce and Industry (FICCI) reports.
Flue gas desulfurization system is used to remove oxides of sulfur from power plants emission and other industrial processes that burn coal to produce steam for process heating and electricity generation. Though the world is increasingly veering towards the use of renewable energy resources, recent findings show that over the last five years, the World Bank has actually increased its investments in fossil fuels. Yet as the threat of global warming is too real to be ignored, stringent emissions norms are anticipated to augment the global flue gas desulfurization systems industry size in the forthcoming years.
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