Global flue gas desulphurization (FGD) market is forecast to grow from $ 9.6 billion in 2018 to $ 12 billion by 2024

NEW YORK, April 22, 2019 /PRNewswire/ -- Global Flue Gas Desulfurization (FGD) Market By Installation (Greenfield Vs. Brownfield & Revamp), By Type (Dry & Semi-dry FGD System Vs. Wet FGD System), By End User (Power Generation, Chemical & Others), By Region, Competition, Forecast & Opportunities, 2024

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Global Flue Gas Desulphurization (FGD) Market Overview
Global flue gas desulphurization (FGD) market is forecast to grow from $ 9.6 billion in 2018 to $ 12 billion by 2024, exhibiting a CAGR of over 4% during 2019-2024, owing to the enforcement of various federal laws and regulations that mandate SOx emitting industries to install air quality control equipment in their plants. Flue gas desulfurization is a technology which removes sulphur dioxide (SO2) from the flue gas emitted by fossil fuel power plants prior to its release into the atmosphere.
Flue gas desulfurization (FGD) market is growing across the globe, on account of increasing prevalence of airborne diseases, implementation of environmental laws and regulations, and growing concerns over environmental pollution. Increasing demand for FGD systems from chemicals, power generation, cement manufacturing, iron & steel, and many other industries is also expected to fuel the FGD market, globally, during forecast period.
Global Flue gas desulfurization (FGD) market Segment Insights
In terms of type, flue gas desulphurization market is categorized into dry & semi-dry FGD system and wet FGD system. Of the two types, wet FGD system category is anticipated to account for the majority share in global FGD market during the forecast period, owing to growing adoption of wet FGD systems in several industries backed by their high effectiveness in removing SO2 from flue gas.
Global Flue Gas Desulphurization (FGD) Market Regional Insights
Regionally, Asia-Pacific is expected to exhibit the fastest growth in global flue gas desulphurization market during the forecast period, on the back of increasing demand for FGD systems from growing industrial sectors such as cement and metal smelting in countries like China and India. Moreover, alarming pollution levels and stringent laws introduced by the governments to curb pollution in the region are also anticipated to aid the Asia-Pacific FGD market growth in coming years.
Global Flue gas desulfurization (FGD) market Competitive Landscape
Global Flue Gas Desulfurization (FGD) market is highly consolidated in nature and is dominated by key players. Few of the major companies operating in the market are Mitsubishi Heavy Industries, Ltd., General Electric Company, Thermax, Babcock & Wilcox Enterprises Inc., Rafako S.A., FLSmidth, and Siemens AG. These companies, through strategic developments, aim at entering new markets and improve their product offerings in order to consolidate their position in the industry. With increasing number of collaborations between regional and global players, global FGD market is likely to consolidate during forecast period.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global flue gas desulphurization (FGD) market size, in terms of value.
• To forecast global flue gas desulphurization (FGD) market based on installation, type, end user and regional distribution.
• To identify drivers and challenges for global flue gas (FGD) desulphurization market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global flue gas desulphurization (FGD) market.
• To conduct the pricing analysis for global flue gas desulphurization (FGD) market.
• To identify and analyze the profile of leading players operating in the global flue gas desulphurization (FGD) market.
Some of the leading players in global flue gas desulfurization (FGD) market are Mitsubishi Heavy Industries, Ltd., General Electric Company, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Rafako S.A., Siemens AG, FLSmidth & Co. A/S, Hamon Corporation, Thermax, Clyde Bergemann Power Group Inc. and Marsulex Environmental Technologies Corporation.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of flue gas desulphurization (FGD) manufacturers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst was able to include the manufacturers which could not be identified due to the limitations of secondary research. The analyst analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.
The analyst calculated global flue gas desulphurization (FGD) market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Flue gas desulphurization system manufacturers, suppliers, distributors and other stakeholders
• Flue gas desulphurization system end-user industries
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to flue gas desulfurization (FGD) market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global flue gas desulfurization (FGD) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Installation:
o Greenfield
o Brownfield & Revamp
• Market, by Type:
o Dry & Semi-dry FGD System
o Wet FGD System
• Market, by End User:
o Power Generation
o Chemicals
o Iron & Steel
o Cement Manufacturing
o Others
• Market, by Region:
o Asia-Pacific
China
India
Japan
South Korea
Indonesia
o North America
United States
Canada
Mexico
o Europe
Germany
United Kingdom
Russia
France
o Middle East & Africa
Saudi Arabia
Iran
UAE
o South America
Brazil
Argentina
Chile

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global flue gas desulphurization market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.

Read the full report: https://www.reportlinker.com/p05770079/?utm_source=PRN

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