Global FGD Systems Market size to exceed $27bn by 2025
Published Date: May 27, 2019 Authors: Ankit Gupta, Nikhil Paranjape
FGD Systems Market size will surpass USD 27 billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Initiatives toward expansion of heavy industries along with high dependence on coal-based power generating stations will stimulate the FGD systems market. Key developing economies including India, South Africa, Indonesia and Vietnam have witnessed substantial increase in the utilization of coal-based power generating systems. For instance, power generation from coal across India stood at 1,141.4 TWh in 2017 when compared to 949.9 TWh in 2014 witnessing a growth rate of 20%. The trend is expected to continue resulting in increased deployment of FGD systems.
Wet FGD systems market is set to witness growth over 5% by 2025. High control and scrubbing efficiencies along with declining sorbent material costs are some of the prominent factors that favor the installation of these units over available alternatives. Shifting regulatory landscape toward curbing emission levels from fossil-fuel based power plants will further boost the adoption of these systems.
India FGD systems market is anticipated to witness growth over 10% by 2025. Increasing pollution levels along with adoption of stringent regulations associated with air borne emissions from fossil-fuel based power plants will enhance industry outlook. Increasing investments toward retro fitment of power plant facilities will further augment industry growth.
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Adoption of environmental mandates coupled with increasing number of captive power plants will drive the flue gas desulfurization system market. Growing health concerns associated with oxides of sulfur will further enhance the industry landscape. Key economies across the globe have introduced stringent air quality standards to limit the emission of various pollutants including SOx. For instance, India introduced the National Ambient Air Quality Standards in 2009 to determine the trend and ascertain the status of air quality.
Browse key industry insights spread across 190 pages with 216 market data tables & 27 figures & charts from the report, “Flue Gas Desulfurization Systems Market By Technology (Wet, Dry), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Increasing investments toward refining capacity additions coupled with the growing demand for refined petroleum products will drive the flue gas desulfurization systems market growth. The development of new refining facilities especially across the Asia Pacific region will significantly influence the deployment of these systems. For instance, the refining capacity across the Asia Pacific region increased to 33.3 million barrels/day in 2017.representing growth rate of 1.8% from previous year.
Germany FGD systems market in 2018, was valued over USD 500 million. Increasing demand for on-site electricity generation along with stringent government regulations will boost the business growth. Furthermore, rising investments toward the deployment of industrial air quality control systems will further strengthen product penetration.
Dry FGD systems market will witness growth on account of its ease of installation coupled with low capital investment. Easy waste disposal processes along with compact design will augment the industry outlook. In addition, positive outlook for heavy industries will further boost the adoption of these systems over the forecast timeframe.
Significant FGD systems market participants include KC Cottrell, Marsulex Environmental, Ducon, GEA Group, KCH Services, AMEC Foster Wheeler, General Electric, Babcox & Wilcox, Verantis, Nerderman Mikropul, Tri-Mer Corporation, CECO Environmental, MHPS, DuPont Clean Technologies and Hamon & Cie International SA amongst others.
Flue gas desulfurization systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2014 to 2025, for the following segments:
FGD Systems Market, By Technology
FGD Systems Market, By Application
- Power Plants
- Chemical & Petrochemical
- Metal Processing & Mining
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Middle East & Africa
- Saudi Arabia
- South Africa
- Latin America