Flue Gas Desulphurization Market Share, Trends, Manufacturers and Growth- Analysis to 2028 | Marsulex Environmental Technologies Corporation, Clyde Bergemann Power Group, Inc., Hamon Corporation, FLSmidth & Co. A/S, Siemens AG, Rafako S.A., Babcock & Wilc

The Global Flue Gas Desulphurization Market is projected to reach USD 27.87 billion by 2028, at a CAGR of 5.1 % between 2018 and 2028.

The Flue Gas Desulphurization Market is predominant in the Asia Pacific region due to increasing energy demand and heavy dependence on thermal power. The Chinese market accounts for 24-25% of the total global share of the FGD market. India is also emerging as a large FGD market due to increased energy demands, owing to rapid urbanization. Various programs such as Clean Air Interstate Rule (CAIR) and favorable government policies are benefiting the global FGD market. The FGD market in regions such as Western Europe and Eastern Europe is expected to witness steady growth.

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According to Quince Market Insights the significant use of the product in the chemical manufacturing industry, combined with its elevated demand in the Asia Pacific region. The report provides a detailed analysis of emerging market trends, market size, forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc. The report also identifies key factors that influence the growth of the flue gas desulphurization market.

Growing demand for electricity coupled with increasing investments toward thermal power generation capacity additions will drive Flue Gas Desulfurization (FDG) systems market growth. Developing economies are aggressively investing toward coal fired power generation to meet ever rising electricity demand from key economic sectors. In addition, surge in the development of captive power plants across heavy industries will positively influence the deployment of these systems.

Market Overview:

Different chemicals are emitted from industries and disposed of in the open air. One of the reasons for air pollution is Sulphur dioxide (SO2) which is emitted from the combustion of oil, coal, and methane compounds. All these chemicals combined produce toxic chemicals, such as sulfur dioxide in the form of smoke. With rapid urbanization, there has been an increase in the number of industries. However, technology in industries to eliminate harmful gases has evolved in recent times and was introduced to the flue gas desulphurization. It eliminates sulfur dioxide, which is present in 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, which releases emissions in the air. It can be mostly seen in thermal power plants, petrochemical industries, etc. However, government regulations for controlling environmental factors have also benefited the flue gas desulphurization market. It is also used in purifying gases from sulfur dioxide pestilence in the chemical industry. 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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The Asia Pacific to witness the highest demand for flue gas desulphurization during the forecast period

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

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

Market Segmentation:
By Type:
o Dry FGD
o Wet FGD
o Semi Dry FGD
By Installation:
o Greenfield
o Brownfield
By End-Use Industry:
o Power Generation
o Chemical Manufacturing
o Iron & Steel
o Cement Manufacturing
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Installation
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Installation
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Installation
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Installation
o By End-Use Industry
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Installation
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Installation
o By End-Use Industry

Reasons to Buy This Report:
o Market size estimation of the global flue gas desulphurization market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.