Global flue gas desulfurization market is
anticipated to grow at a steady pace in the forecast
period, 2023-2028. The global flue desulfurization
system market is being driven by rising demand in the cement and chemical
manufacturing industries. Flue gas desulfurization market is rising due to
governments' growing awareness of ecological balance and global warming. To
effectively remove gases from industrial facilities, market participants are
working to diversify their product lines. Additionally, the global implementation
of IMO 2020, beginning in January 2020, is anticipated to present an
opportunity in the market for flue gas sulfurization.
Moreover, a collection of techniques known as flue gas
desulfurization (FGD) are employed in operations that release sulphur oxide,
including coal-fired boilers, paper and pulp mills, diesel generators,
oil-fired boilers, and waste incinerators, to remove sulphur dioxide from
exhaust flue gases. Spray towers, chemical absorption towers, and venturi rod
absorbers are all components of the wet flue gas desulfurization system. Two
components of dry and semi-dry flue gas desulfurization systems are a baghouse
filter and a spray dryer.
Standards to Reduce SOx Emission are Fueling the Market
Growth
Around 95% of sulphur is thought to be transformed into
Sulphur dioxide at ordinary temperature levels. Therefore, there is a
continuing need to reduce Sulphur emissions through controlling industrial
emissions, which necessitates the use of various flue gas desulphurization
systems.
Additionally, implementation of stringent air quality
standards to reduce SOx emission levels is anticipated to drive market growth
over the forecast period. For instance, to remove SO2 from gases produced by
furnaces, boilers, and other sources, Mitsubishi Hitachi Power Systems, Ltd.
supplies flue desulfurization equipment which is a wet limestone-gypsum flue
desulfurization. . Owing to which
the market is expected to grow with a high CAGR in the forecast period.
Companies are anticipated to be encouraged to construct
FGD systems in their power plants due to the high market demand for FGD gypsum.
Gypsum from FGD is used in a variety of industries, such as agriculture,
building highways, creating gypsum panels, mining, treating water, making
cement and glass. In a variation of soil situations, it is employed as a soil
amendment. In addition, wallboard, cement, and plaster of Paris are all
produced using FGD by-products. Due to which the need of Flue Gas
Desulfurization is increasing day by day.
Stricter environmental restrictions have been assigned to
the global flue gas desulfurization (FGD) market. A rigid demand for flue gas
desulfurization has been created by the world's escalating energy demand.
Plants near beaches are being affected by sea-water FGD. Sea water is a natural
source of salt that can be utilized profitably to remove SO2 from flue gas
without the need for any additional chemical agents. In addition to the
electricity and production industries, water transportation has recently been
added to the list of sources of air pollution. To reduce it, the government is
taking actions towards less air pollution and people are adopting FGD.
Rising Electricity Consumption in Asian Countries
The main sources of SO2, mercury, and acid gas emissions
are power plants. About 98% of SO2, 94% of mercury, 86% of NOx, and 83% of fine
particle emissions in the power sector are caused by coal. About 38% of the
world's electricity is produced by coal as of 2018. The private energy
producers favor coal over pure natural gas because it is more readily available
and easier to transport. The extensive usage of coal causes global warming and
toxic pollution of the environment, due
to this fact people are moving towards FGD.
It is anticipated that rising electricity consumption
will spur market expansion, along with large investments in thermal power
facilities in Asian nations. For example, China has established a variety of
goals to expand the amount of non-fossil fuels in the country's energy mix by
15%, which will limit the expansion of the FGD market by maintaining the
country's coal power capacity at 1.1 TW. However, the Chinese government has ignored worries
about financial viability, overcapacity, and the environment in favor of
investing in the economy and moving towards energy security, which is likely to
boost the product demand over the projection period.
Rising Investments in Thermal Power Plants
Along with considerable investments in thermal power plants
in Asian nations, the rising demand for electricity is anticipated to
stimulate. The design of high-performing FGD systems would benefit from
technical advancement in today's modern environment, giving market participants
additional options to investigate. Furthermore, the cost of FGD systems is
being reduced and estimated to open prospects for new market entrants.
In recent years, the dry FGD method has evolved into a
multi-pollutant (Hg, HF, HCl, SO3) control technology. They are heavily utilized in large-scale power plants
due to the development of more effective dry scrubber technologies, like NID
and CFB-FGD. According to the American Coal Ash Association, the dry FGD
by-product was used in the U.S. for more than 25% of the year, 2018.
High Maintenance Cost Restraining the Market Growth
A significant market barrier is the high maintenance
costs brought by the need for several reagents to reduce Sulphur emissions. The
tank agitation, reheater, water, and slurry pumps are responsible for using the
majority of the energy. Scrubber design, governmental restrictions, and coal
properties are other major variables that affect patterns of energy usage.
These significant energy needs present a significant barrier to the development
of Flue Gas Desulfurization (FGD) Market.
Recent Development
o
The 13th Five-Year (2016-2020) Plan for Economic and
Social Development of China includes pledges to reduce emissions and enhance
air quality. In the five-year plan, emissions reduction and standard compliance
are pledged.
o
The region's industrial activity has increased as a
result of the region's thriving economic conditions. Due to which, air
pollution has increased. The Asia-Pacific region's CO2 emissions increased from
13,994 MT in 2010 to 16,744.1 MT in 2018.
o
India's production of coal-fired electricity increased by
5% in 2018 compared to 2017. Additionally, in 2018, coal accounted for 55.88%
of India's primary energy consumption. As a result, the country has experienced
considerable increase in carbon emissions as a result of the heavy usage of
coal to meet the rising energy demand.
o
The International Energy Agency projects that global coal
power capacity will reach a record high of 10 350 terawatt-hours (TWh) in 2021,
up 9% from the current level, as a result of energy demand outpacing low-carbon
supply and rising petrol prices. However, it is anticipated that coal would
make up 36% of the global power mix in 2021, which is 5% less than its 2007
peak. In the United States and the European Union, coal power generation is
anticipated to increase by 20% in 2021.
o
The Ministry of Power has identified 81 thermal units
that will replace coal with renewable energy generation by 2026 to reach
India's aim of 500 GW for renewable energy and address the yearly problem of
coal demand supply mismatch.
o
Nowadays, India, with an installed power capacity of
411.64 GW as of January 31, 2023, is the third-largest producer and user of
energy globally. Further encouragement will come from rising electrification,
per-capita usage, and population growth. India's power consumption increased by
11% to 121.19 billion units in December 2022.
o
After experiencing tremendous expansion since the early
1990s, China's electric power sector surpassed the US in 2011 as the greatest
electricity generator in the world. China produced 7.3 petawatt-hours (PWh) of
electricity in 2019, surpassing the output of the following three nations
combined (the United States, India, and Russia). Due to which, the demand of
FGD is growing in the nation.
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Market Segmentation
The global flue gas
desulfurization market is segmented based on type, end user, and installation.
Based on type, the market is segmented into wet FGD systems, spray dry FGD
system, dry & semi-dry FGD systems.
Based on end user, the market is segmented into power generation,
cement, chemical, iron and steel, and others. Based on installation, the market
is segmented into greenfield and brown field. Based on region, the market is
segmented into North America, Asia-Pacific, Europe, South America, and the Middle
East.
Market
Players
Major market players in the global
flue gas desulfurization market are Alstom S.A, Andritz
AG, Babcock & Wilcox Enterprises Inc, Ducon Technologies Inc, Fujian
Longking Co. Ltd, General Electric Company, Hamon Corporation, John Wood Group
PLC, Mitsubishi Hitachi Power Systems Ltd, and Thermax Ltd.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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Type
End User
Installation
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Regional scope
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North
America, Asia-Pacific, Europe, South America, Middle East
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Country scope
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United States, Canada, Mexico, China, Indian, Japan, South
Korea, Indonesia, Germany, United Kingdom, France, Russia, Spain, Brazil,
Argentina, Saudi Arabia, South Africa, UAE, Israel
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|
Key companies profiled
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Alstom
S.A, Andritz AG, Babcock & Wilcox Enterprises Inc, Ducon Technologies
Inc, Fujian Longking Co. Ltd, General Electric Company, Hamon Corporation,
John Wood Group PLC, Mitsubishi Hitachi Power Systems Ltd, Thermax Ltd
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
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Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the Global Flue Gas Desulfurization
Market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Flue Gas Desulfurization market, By Type:
- Wet FGD Systems
- Spray Dry FGD System
- Dry & Semi-dry
FGD Systems
- Flue Gas Desulfurization
market, By
Installation:
- Power Generation
- Cement
- Chemical
- Iron and Steel
- Others
- Flue Gas Desulfurization
market, By End User:
- Flue Gas Desulfurization
market, By Region:
- North America
- United
States
- Canada
- Mexico
- Asia-Pacific
- China?
- India
- Japan
- South
Korea
- Indonesia
- Europe
- Germany
- United
Kingdom
- France
- Russia
- Spain
- South America
- Middle East
- Saudi
Arabia
- South
Africa
- UAE
- Israel
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in Global Flue Gas Desulfurization market.
Available Customizations:
Global Flue Gas Desulfurization Market report with
the given market data, Tech Sci Research 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).
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