Market Dynamics

Rapid industrialization in developed and developing countries, rising air pollution with high level of SOx, coupled with major players initiatives in order to reduce the air pollution is major factor expected to drive the growth of the global flue gas desulfurization systems market. Emerging economies are mostly using coal-fired plant for electricity generation. Large amount of SOx is released in the production process which is majorly released in the air which is increasing the pollution. In order to control theses pollution major payers are focused in adopting technology that reduces the SOx effect. They are inclining towards establishment of contracts in order to build flue gas desulfurization systems.

• In 2019 GE Power India was awarded a contract by Aravali Power worth US$ 107 Mn for a flue gas desulphurisation (FGD) system. In this the company will design, engineering, civil work, supply, erection and commissioning of wet FGD systems along with auxiliaries like limestone and gypsum handling systems and wet stack on full turnkey basis.

In addition, rising impact of the pollution on people, increasing in heath issues such as skin irritation, and inflammation of the respiratory system, and other breathing problems is resulting in establishment of stringent regulations by the government in order to control the pollution this is another factor expected to further support the growth of target market.

Moreover, business expansion activities through strategic merger and acquisitions are factors expected to further impact the growth of the target market to a certain extent. Major players are inclining towards business expansion in order to increase the customer base and enhance the product portfolio this will help the company to expand the profit ratio.

• In 2019, Environmental Energy Services, Inc. a US based privately held company that deals with clean energy utilizing innovative chemistry for energy efficiency, air pollution control, and water treatment for utility and industrial power plants acquired Amended-Silicate Technology company’s current line of KLeeNscrub mercury mitigation products for wet flue gas desulfurization (FGD). This acquisition will help the company to enhance the product portfolio and strengthen its position in global market.

However, high initial investment and energy requirement for FGD operations are factors expected to hamper the growth of the global market. In addition, emergence of alternative renewable energy resource is limiting the adoption of FGD further challenging the growth of the global market.

Flue Gas Desulfurization Systems Market Segment Analysis, 2019

The global flue gas desulfurization market is segmented in to technology and application. The technology segment is bifurcated into wet flue gas desulfurization system and dry flue gas desulfurization system. Among the technology the wet flue gas desulfurization system is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to stringent government regulation related to environment pollution. In addition, presence of major players operating in the country, coupled with business development activities through strategic merger and acquisitions is expected to support the target market growth.

Asia Pacific is expected to witness faster growth in the near future owing to increasing use of coal-fired in countries such as China and India, coupled with players initiatives towards lowering the SOx effect on environment. In addition, major player inclination towards developing countries in order to increase the profit ratio is expected to further support the target market growth in this region.

Competitive Landscape

Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities are other factors further augmenting the market competition.

Report coverage

The market research study on “Flue Gas Desulfurization Systems Market (Technology: Wet Flue Gas Desulfurization System and Dry Flue Gas Desulfurization System; Application: New Flue Gas Desulfurization Systems and Reagents & Replacements) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global flue gas desulfurization systems market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global flue gas desulfurization systems market technology, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global flue gas desulfurization systems market size and segment markets by technology, application and geography along with the information on companies operating in the market. The flue gas desulfurization systems market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report China Boqi, Babcock and Wilcox Company, Chiyoda Corporation, Ducon Technologies Inc., Alstom S.A., Hitachi Power System America Ltd., Hamon Research-Cottrell, Lonjing Environment Technology Co. Ltd., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Thermax, and Marsulex Environmental Technologies.

Market Segmentation

Market By Technology

• Wet Flue Gas Desulfurization System
• Dry Flue Gas Desulfurization System

Market By Application

• New Flue Gas Desulfurization Systems
• Reagents & Replacements

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa