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What's driving the Flue Gas Desulfurization Systems Market trends? General Electric, KCH Services, AMEC Foster Wheeler, GEA Group, Ducon, DuPont Clean Technologies, Nederman Mikropul, Verantis, CECO Environmental, Tri-Mer Corporation, Hamon & Cie Internat

05-14-2020 08:26 PM CET | Industry, Real Estate & Construction

Press release from: Market Study Report LLC

Flue Gas Desulfurization Systems Market

Flue Gas Desulfurization Systems Market

Market Study Report LLC adds new research on Flue Gas Desulfurization Systems market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Flue Gas Desulfurization Systems market also includes an in-depth study of the industry competitive scenario.

Flue Gas Desulfurization Systems Market is set to exceed USD 27 billion by 2025. Rising investments toward expansion of coal fired power plants along with growing demand for electricity will drive the flue gas desulfurization systems market growth. Developing economies are investing aggressively toward coal-fired power generation to meet the growing electricity demand from prominent economic sectors. Furthermore, increasing initiatives toward the expansion of heavy industries will stimulate business growth.

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Significant flue gas desulfurization systems market participants include KCH Services, AMEC Foster Wheeler, GEA Group, Ducon, DuPont Clean Technologies, General Electric, Nederman Mikropul, Verantis, CECO Environmental, Tri-Mer Corporation, Hamon & Cie International SA, MHPS and Babcox & Wilcox.

Wet flue gas desulfurization systems market is anticipated to expand over 5% by 2025. High control & scrubbing efficiencies coupled with falling sorbent material costs are some of the prominent factors which will augment the industry outlook. Furthermore, shifting trends toward the adoption of stringent emission standards pertaining to heavy industries and power generation sector will boost the adoption of these systems over the forecast timeframe.

Strengthening of air quality standards and norms to mitigate the detrimental effects of SOx emissions will stimulate the flue gas desulfurization systems market growth. Breathing difficulties, skin irritation and inflammation of the respiratory system are some of the prominent health risks posed by the increasing concentration of SOx pollutants in the atmosphere. Furthermore, growing focus toward maintaining air quality standards by countries across the globe will further enhance the industry outlook.

India FGD systems market is set to witness robust growth on account of surging investments toward the expansion of installed thermal power generation capacity. Rapid industrialization coupled with growing urbanization have resulted in high electricity demand from the commercial and industrial sector which in turn will boost the adoption of these units across coal-fired generating stations.

Growing demand for refined petroleum products along with increasing investment toward refining capacity additions will stimulate the flue gas desulfurization systems industry growth. The development and expansion of new and existing refining facilities will positively influence the adoption of these systems. In addition, the growing demand for the installation of industrial emission control systems will propel the product deployment over the forecast timeframe.

Dry FGD systems market is anticipated to witness robust growth on account of its low capital expenditure costs and less complex waste disposal process as compared to the available alternatives. Easy installation and compact design are some of the key underlying factors which will favor the deployment of these systems. Furthermore, increasing investments toward the development of new medium scale industrial plant will strengthen the adoption of these units.

Growing awareness amongst the industrial sector toward the adoption of emission control systems coupled with introduction of stringent environmental mandates aimed toward curbing emission levels will drive the flue gas desulfurization systems market. In addition, growing investment toward infrastructure development will further augment industry outlook.

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Report Content

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Flue Gas Desulfurization Systems Industry Insights

Chapter 4 Flue Gas Desulfurization Systems Market, By Application

Chapter 5 Flue Gas Desulfurization Systems Market, By Technology

Chapter 6 Flue Gas Desulfurization Systems Market, By Region

Chapter 7 Company profiles

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