Global Flue Gas Desulfurization Market Report By Product Type (Wet FGD Systems, Dry & Semi-Dry FGD Systems), By Installation Type (New Systems, Components, Repairs & Consumables) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for Flue Gas Desulfurization Market is presumed to reach the market size of nearly USD 44.76 BN by 2030 from USD 28.73 BN in 2022 with a CAGR of 5.7% under the study period 2023 - 2030.
Flue gas desulfurization (FGD) is a process that removes sulfur dioxide (SO2) emissions from the exhaust gases produced by industrial facilities, particularly those burning fossil fuels like coal and oil. SO2 is a harmful air pollutant that contributes to acid rain, respiratory illnesses, and environmental damage. These systems are implemented to mitigate the environmental impact of these emissions by reducing sulfur dioxide released into the atmosphere.
The flue gas desulfurization (FGD) market is driven by a combination of factors aimed at reducing environmental pollution and improving public health. Stricter air quality regulations globally have compelled industries to adopt FGD systems to curb emissions of sulfur dioxide (SO2), a harmful air pollutant responsible for health issues and acid rain. Public concern for cleaner air and the mitigation of acid rain's environmental effects has accelerated FGD adoption. Industries seeking sustainable operations and decreased environmental impact are motivated to implement these systems. Incentives like emissions trading programs and the potential utilization of flue gas desulfurization byproducts further drive its market growth. The ongoing demand for energy, even from fossil fuels, the growth of industrialization, and international agreements targeting emission reduction contribute to the persistence of the FGD market. Overall, flue gas desulfurization systems play a crucial role in mitigating industrial emissions' impact on both human health and the environment.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of flue gas desulfurization. The growth and trends of flue gas desulfurization industry provide a holistic approach to this study.
This section of the flue gas desulfurization market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
Wet FGD Systems
Dry & Semi-Dry FGD Systems
By Installation Type
Components, Repairs & Consumables
This section covers the regional outlook, which accentuates current and future demand for the Flue Gas Desulfurization market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Flue Gas Desulfurization Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Flue Gas Desulfurization market include General Electric, Babcock & Wilcox Company, Chiyoda Corp., Mitsubishi Hitachi Power Systems, Thermax, Fujian Longking Co., Ltd., Wuhan Kaidi Electric Power Environmental Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . FLUE GAS DESULFURIZATION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product Type
3.7.2 Market Attractiveness Analysis By Installation Type
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL FLUE GAS DESULFURIZATION MARKET ANALYSIS BY PRODUCT TYPE
5.1 Overview by Product Type
5.2 Historical and Forecast Data
5.3 Analysis by Product Type
5.4 Wet FGD Systems Historic and Forecast Sales by Regions
5.5 Dry & Semi-Dry FGD Systems Historic and Forecast Sales by Regions
6 . GLOBAL FLUE GAS DESULFURIZATION MARKET ANALYSIS BY INSTALLATION TYPE
6.1 Overview by Installation Type
6.2 Historical and Forecast Data
6.3 Analysis by Installation Type
6.4 New Systems Historic and Forecast Sales by Regions
6.5 Components, Repairs & Consumables Historic and Forecast Sales by Regions
7 . GLOBAL FLUE GAS DESULFURIZATION MARKET ANALYSIS BY GEOGRAPHY
Frequently Asked Questions (FAQs) about this Report
The Global Flue Gas Desulfurization Market size was valued at USD 28.73 BN in 2022.
The Worldwide Flue Gas Desulfurization Market growth is estimated to grow by around 5.7% from 2023 to 2030.
Asia Pacific occupies the highest market share in the Global Flue Gas Desulfurization Market.
The Global Flue Gas Desulfurization Market is segmented by Product Type (Wet FGD Systems, Dry & Semi-Dry FGD Systems), by Installation Type (New Systems, Components, Repairs & Consumables).
The leading players in the Global Flue Gas Desulfurization Market are General Electric, Babcock & Wilcox Company, Chiyoda Corp., Mitsubishi Hitachi Power Systems, Thermax, Fujian Longking Co. Ltd., Wuhan Kaidi Electric Power Environmental Co. Ltd.