Flue Gas Desulfurization (FGD) Market to Cross $ 19 Billion by 2024
Growing awareness about
environmental pollution coupled with stringent government norms to drive global
flue gas desulfurization (FGD) market through 2024
According to TechSci Research report, “Global Flue Gas Desulfurization (FGD) Market By Installation, By
Type, By End User, By Region, Competition, Forecast & Opportunities, 2024”, the global flue gas desulfurization (FGD) market is
projected to surpass $ 19 billion by 2024, on the back of stringent government
regulations related to the emissions of harmful gases by various industrial
processes in the environment. Increasing concerns worldwide regarding
environmental pollution, growing prevalence of airborne diseases and implementation
of various environmental laws and regulations in different countries are the
major factors that would have a positive impact on the global FGD market in the
coming years. Moreover, there is a rising demand for FGD systems from the power
generation, chemical, iron & steel, and cement manufacturing industries, which
is further fueling the FGD market, globally.
Browse 114 market data Figures spread through 125 Pages and an in-depth TOC on "Global Flue Gas Desulfurization
(FGD) Market"
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By end user segments, the global flue gas desulfurization
(FGD) market has been categorized into power generation, chemicals, iron &
steel, cement manufacturing and others. Among these end users, power generation
category is expected to account for majority share in the global FGD market in the
coming years, majorly due to increasing demand for power across the globe. Asia-Pacific
FGD market dominated the global FGD market in 2018 and is expected to maintain
its leading position over the next five years, backed by increasing demand of
power and surging industrialization across the region. APAC FGD market would
continue to grow during forecast period, owing to consistently rising demand
for FGD systems from industries like cement, chemical and metal smelting.
Moreover, stringent government regulations related to the treatment of flue
gases, which mostly contain harmful pollutants, before releasing them to the
environment is bolstering the market for flue gas desulfurization in the
region.
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“Major
factors contributing to the growth of global flue gas desulfurization market include
growing prevalence of airborne diseases, implementation of environmental laws
and regulations and rising concerns related to environmental pollution. Increasing
demand for FGD systems from chemicals, power generation, cement manufacturing,
iron & steel and other industries is expected to continue propelling the
flue gas desulfurization market, globally, over the course of next five years.”, said, Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Flue Gas Desulfurization (FGD) Market By Installation,
By Type, By End User, By Region, Competition, Forecast & Opportunities,
2024”
has evaluated the future growth potential of global flue gas desulfurization
(FGD) market and provides statistics and information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global flue gas desulfurization
market.
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