Flue Gas Desulfurization (FGD) System Market Size to Grow by USD 3.02 Billion, Stringent Standards for Sulfur Oxide Emission to Drive Growth - Technavio

Market Driver and Trend

The stringent standards for sulfur oxide emission are driving the growth of the market. The combustion of fossil fuels in manufacturing facilities, coal-fired power plants, and marine transport leads to the release of gases such as sulfur dioxide and various nitrogen oxides. These gases react with atmospheric moisture and oxygen and form sulfuric and nitric acid fumes, leading to acid rain. Acid rain is harmful to the soil, as it depletes essential nutrients and hampers the reproduction capabilities of trees. In addition, direct or indirect exposure to sulfur oxides leads to adverse effects on human health, resulting in cardiovascular diseases or premature death. Such factors will drive market growth during the forecast period.

New expansion and development are key trends in the market. The growing demand for power and the growth of the global population have led to the need for the expansion of power generation capacity. In developed countries in North America and Europe, there is a major focus on digitization and automation in process industries. This has resulted in the widespread use of equipment that relies on power. In addition, in emerging countries such as China and India, rapid industrial growth has increased the need to expand power generation capacity. Hence, developing countries are expanding their power generation infrastructure to rural and remote areas. Such expansions and developments will fuel the flue gas desulfurization (FGD) system market growth during the forecast period.

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Company Profiles

Some of the companies covered in this report are AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., Doosan Corp., Ducon Infratechnologies Ltd., Enviropol Engineers Pvt. Ltd., FLSmidth AS, General Electric Co., Hamon S.A., John Wood Group PLC, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis, Steinmuller Engineering GmbH, Sudarshan Chemical Industries Ltd., Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Oyj.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By geography, the market is classified into APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market. The growth of this region is attributed to factors such as the cheap supply of coal. Moreover, market growth in this region will be faster than the growth of the market in other regions. China and India are the key countries for the flue gas desulfurization (FGD) system market in APAC.
• By product, the market is classified into wet FGD and dry FGD. The wet FGD segment will be the largest contributor to market growth during the forecast period. Wet FGD systems have high sulfur removal efficiency.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Wet FGD - Market size and forecast 2021-2026
• Exhibit 28: Chart on Wet FGD - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Wet FGD - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Wet FGD - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Wet FGD - Year-over-year growth 2021-2026 (%)

• 5.4 Dry FGD - Market size and forecast 2021-2026
• Exhibit 32: Chart on Dry FGD - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Dry FGD - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Dry FGD - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Dry FGD - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 India - Market size and forecast 2021-2026
• Exhibit 66: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.10 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Russia - Market size and forecast 2021-2026
• Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Andritz AG
• Exhibit 89: Andritz AG - Overview
• Exhibit 90: Andritz AG - Business segments
• Exhibit 91: Andritz AG - Key offerings
• Exhibit 92: Andritz AG - Segment focus

• 10.4 Babcock and Wilcox Enterprises Inc.
• Exhibit 93: Babcock and Wilcox Enterprises Inc. - Overview
• Exhibit 94: Babcock and Wilcox Enterprises Inc. - Business segments
• Exhibit 95: Babcock and Wilcox Enterprises Inc. - Key news
• Exhibit 96: Babcock and Wilcox Enterprises Inc. - Key offerings
• Exhibit 97: Babcock and Wilcox Enterprises Inc. - Segment focus

• 10.5 Doosan Corp.
• Exhibit 98: Doosan Corp. - Overview
• Exhibit 99: Doosan Corp. - Business segments
• Exhibit 100: Doosan Corp. - Key news
• Exhibit 101: Doosan Corp. - Key offerings
• Exhibit 102: Doosan Corp. - Segment focus

• 10.6 Ducon Infratechnologies Ltd.
• Exhibit 103: Ducon Infratechnologies Ltd. - Overview
• Exhibit 104: Ducon Infratechnologies Ltd. - Business segments
• Exhibit 105: Ducon Infratechnologies Ltd. - Key offerings
• Exhibit 106: Ducon Infratechnologies Ltd. - Segment focus

• 10.7 General Electric Co.
• Exhibit 107: General Electric Co. - Overview
• Exhibit 108: General Electric Co. - Business segments
• Exhibit 109: General Electric Co. - Key news
• Exhibit 110: General Electric Co. - Key offerings
• Exhibit 111: General Electric Co. - Segment focus

• 10.8 Hamon S.A.
• Exhibit 112: Hamon S.A. - Overview
• Exhibit 113: Hamon S.A. - Business segments
• Exhibit 114: Hamon S.A. - Key news
• Exhibit 115: Hamon S.A. - Key offerings
• Exhibit 116: Hamon S.A. - Segment focus

• 10.9 John Wood Group PLC
• Exhibit 117: John Wood Group PLC - Overview
• Exhibit 118: John Wood Group PLC - Business segments
• Exhibit 119: John Wood Group PLC - Key offerings
• Exhibit 120: John Wood Group PLC - Segment focus

• 10.10 Kawasaki Heavy Industries Ltd.
• Exhibit 121: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 122: Kawasaki Heavy Industries Ltd. - Business segments
• Exhibit 123: Kawasaki Heavy Industries Ltd. - Key news
• Exhibit 124: Kawasaki Heavy Industries Ltd. - Key offerings
• Exhibit 125: Kawasaki Heavy Industries Ltd. - Segment focus

• 10.11 Marsulex Environmental Technologies
• Exhibit 126: Marsulex Environmental Technologies - Overview
• Exhibit 127: Marsulex Environmental Technologies - Product / Service
• Exhibit 128: Marsulex Environmental Technologies - Key offerings

• 10.12 Mitsubishi Heavy Industries Ltd.
• Exhibit 129: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 130: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 131: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 132: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 133: Mitsubishi Heavy Industries Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 134: Inclusions checklist
• Exhibit 135: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 136: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 137: Research methodology
• Exhibit 138: Validation techniques employed for market sizing
• Exhibit 139: Information sources

• 11.5 List of abbreviations
• Exhibit 140: List of abbreviations

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