“Flue Gas Desulfurization System Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flue gas desulfurization system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for flue gas desulfurization system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The flue gas desulfurization system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Wet FGD Systems; Spray Dry FGD System; Dry and Semi-dry FGD Systems
- 2) By Installation: Greenfield; Brownfield
- 3) By End-Use: Power Generation; Chemical; Iron and Steel; Metal Processing and Mining; Cement Manufacturing; Paper and Pulp; Other End Uses
- Companies Mentioned: Mitsubishi Heavy Industries Ltd.; GE Power; Doosan Lentjes GmbH; Babcock & Wilcox Enterprises Inc.; Rafako S.A.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Executive Summary
Major players in the flue gas desulfurization system market are Mitsubishi Heavy Industries Ltd., GE Power, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Rafako S.A., FLSmidth & Co., Hamon Group, Marsulex Environmental Technologies, Thermax Ltd., Andritz AG, Ducon Technologies Inc., Chiyoda Corporation, Siemens AG, Clyde Bergemann Power Group, and Valmet Oyj.
The global flue gas desulfurization system market is expected to grow from $18.51 billion in 2022 to $19.62 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flue gas desulfurization system market is expected to grow to $24.31 billion in 2027 at a CAGR of 5.5%.
The flue gas desulfurization system market consists of sales of flue gas desulfurization systems for once-through processes and regenerable processes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Flue gas desulfurization system refers to a device that removes sulfur dioxide (SO2) from the fuel gas emission produced from industrial combustion. It is mainly used for reducing SO2 emissions from industries.
Asia-Pacific was the largest region in the flue gas desulfurization system market in 2022. The regions covered in the flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of flue gas desulfurization systems are wet FGD systems, spray dry FGD systems, and dry and semi-dry FGD systems. Wet FGD systems are used for scrubbing with alkaline sorbent to remove sulfur dioxide. Wet FGD systems are used to remove SO2 from flue gases. These are installed in greenfield and brownfield for use in power generation, chemical, iron and steel, metal processing and mining, cement manufacturing, paper and pulp and others.
The increasing number of coal-fired power plants is expected to propel the flue gas desulfurization system market. Coal-fired power plants refer to power stations that generate electricity by burning coal. The increasing number of coal-fired power plants requires flue gas desulfurization systems to reduce the emission of harmful gases. For instance, in 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, compared to 2020, the emissions from coal-fired power plants in the USA increased by 16%, and further coal-fired generation increased by 13% in 2020 in India. Therefore, the increasing number of coal-fired power plants is driving the growth of the flue gas desulfurization system market.
Collaboration is a key trend in the flue gas desulfurization system market. Major players are associating themselves with various companies to sustain in the market. For instance, in January 2022, General Electric (GE), a US-based conglomerate, associated with Apollo International Limited for MB Power Madhya Pradesh Ltd to design the whole Wet Flue Gas Desulfurization (WFGD) system. The project entails the design, engineering, and supply of vital WFGD system components. Once completed, it will help the client clean 7.4 million cubic meters of flue gas per hour and eliminate 51,000 tons of SO2 annually.
The stringent government regulations toward controlling air pollution is driving the flue gas desulfurization system market. Air pollution is rising due to increased industrialization and urbanization. The flue gas desulfurization system effectively reduces air pollution by reducing the amount of SO2 released into air. The governments are taking various initiatives, such as investments in different projects to combat air pollution. For example, in November 2022, the US Environmental Protection Agency (EPA), an organization of the US federal government in charge of environmental protection issues, announced that the Inflation Reduction Act and American Rescue Plan of Vice President Biden will provide $53.4 million to 132 air monitoring projects in 37 states to enhance community-level air quality monitoring across the USA. Communities that are traditionally disadvantaged, disenfranchised, and overwhelmed by pollution are the main targets of the programs.
The countries covered in the flue gas desulfurization system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The flue gas desulfurization market research report is one of a series of new reports from The Business Research Company that provides flue gas desulfurization market statistics, including flue gas desulfurization industry global market size, regional shares, competitors with a flue gas desulfurization market share, detailed flue gas desulfurization market segments, market trends and opportunities, and any further data you may need to thrive in the flue gas desulfurization industry. This flue gas desulfurization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Flue Gas Desulfurization System Market Characteristics
3. Flue Gas Desulfurization System Market Trends And Strategies
4. Flue Gas Desulfurization System Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Flue Gas Desulfurization System Market
- 4.2. Ukraine-Russia War Impact On Flue Gas Desulfurization System Market
- 4.3. Impact Of High Inflation On Flue Gas Desulfurization System Market
5. Flue Gas Desulfurization System Market Size And Growth
- 5.1. Global Flue Gas Desulfurization System Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Flue Gas Desulfurization System Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Flue Gas Desulfurization System Market Segmentation
- 6.1. Global Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Wet FGD Systems
- Spray Dry FGD System
- Dry And Semi-Dry FGD Systems
- 6.2. Global Flue Gas Desulfurization System Market, Segmentation By Installation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Greenfield
- Brownfield
- 6.3. Global Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Power Generation
- Chemical
- Iron And Steel
- Metal Processing And Mining
- Cement Manufacturing
- Paper And Pulp
- Other End Uses
7. Flue Gas Desulfurization System Market Regional And Country Analysis
- 7.1. Global Flue Gas Desulfurization System Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Flue Gas Desulfurization System Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Flue Gas Desulfurization System Market
- 8.1. Asia-Pacific Flue Gas Desulfurization System Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Flue Gas Desulfurization System Market
- 9.1. China Flue Gas Desulfurization System Market Overview
- 9.2. China Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Flue Gas Desulfurization System Market
- 10.1. India Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Flue Gas Desulfurization System Market
- 11.1. Japan Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Flue Gas Desulfurization System Market
- 12.1. Australia Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Flue Gas Desulfurization System Market
- 13.1. Indonesia Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Flue Gas Desulfurization System Market
- 14.1. South Korea Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Flue Gas Desulfurization System Market
- 15.1. Western Europe Flue Gas Desulfurization System Market Overview
- 15.2. Western Europe Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Flue Gas Desulfurization System Market
- 16.1. UK Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Flue Gas Desulfurization System Market
- 17.1. Germany Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Flue Gas Desulfurization System Market
- 18.1. France Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Flue Gas Desulfurization System Market
- 19.1. Eastern Europe Flue Gas Desulfurization System Market Overview
- 19.2. Eastern Europe Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Flue Gas Desulfurization System Market
- 20.1. Russia Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Flue Gas Desulfurization System Market
- 21.1. North America Flue Gas Desulfurization System Market Overview
- 21.2. North America Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Flue Gas Desulfurization System Market
- 22.1. USA Flue Gas Desulfurization System Market Overview
- 22.2. USA Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Flue Gas Desulfurization System Market
- 23.1. South America Flue Gas Desulfurization System Market Overview
- 23.2. South America Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Flue Gas Desulfurization System Market
- 24.1. Brazil Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Flue Gas Desulfurization System Market
- 25.1. Middle East Flue Gas Desulfurization System Market Overview
- 25.2. Middle East Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Flue Gas Desulfurization System Market
- 26.1. Africa Flue Gas Desulfurization System Market Overview
- 26.2. Africa Flue Gas Desulfurization System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Flue Gas Desulfurization System Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Flue Gas Desulfurization System Market Competitive Landscape And Company Profiles
- 27.1. Flue Gas Desulfurization System Market Competitive Landscape
- 27.2. Flue Gas Desulfurization System Market Company Profiles
- 27.2.1. Mitsubishi Heavy Industries Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. GE Power
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Doosan Lentjes GmbH
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Babcock & Wilcox Enterprises Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Rafako S.A.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Flue Gas Desulfurization System Market
29. Flue Gas Desulfurization System Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer