Flue Gas Desulphurization Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Flue Gas Desulphurization Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Report Digest
Global Flue Gas Desulphurization Market: Overview
Flue gas desulfurization refers to a technology that is utilized in the removal of sulphur dioxide (SO2) from flue gas. Power plants of fossil fuel produce this gas and the desulfurization process is done before the gas is emitted into the atmosphere. The global flue gas desulphurization market is likely to gather momentum from the rising number of airborne diseases. In addition, augmented concern and awareness about environmental regulations and laws and environmental pollution is likely to bolster growth of the global flue gas desulphurization market in the years to come. Furthermore, rising demand for flue gas desulfurization from various industries, such as iron & steel, cement manufacturing, power generation, and chemicals is likely to drive growth of the market in the near future. Flue gas desulfurization technology is also influenced by the strict environmental regulations formulated to check excessive emission of sulfur dioxide.
The global flue gas desulphurization market has been segmented based on technology, application, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.
Global Flue Gas Desulphurization Market: Notable Developments
The global flue gas desulphurization market has witnessed some developments in the last few years. One of such markets developments is mentioned below:
- In July 2020, General Electric Steam Power entered into an agreement with India-based National Thermal Power Corporation (NTPC) Limited. The agreement is meant to ensure constant supply of wet flue gas desulphurization system for three coal-fired plants. This technology is expected to assist NTPC in treating almost 35 mn cubic meters of flue gas per hour and this is likely to help NTPC adhere to the standard norm for SO2 in India.
Some of the key market players of the global flue gas desulphurization market are
- Shandong Baolan Environmental Protection Engineering Co. Ltd
- Marsulex Environmental Technologies
- China Boqi Environmental (Holding) Co. Ltd
- Steinmuller Engineering GmbH
- Babcock & Wilcox Enterprises Inc.
- Mitsubishi Heavy Industries Ltd
Global Flue Gas Desulphurization Market: Growth Drivers
Rising Level of Pollution is Estimated to Bolster Demand in the Market
The growth of the global flue gas desulphurization market is likely to be influenced by growth of the real estate sector, which has witness a rapid rise in the demand for semi-urban, urban office spaces and accommodations. Increased construction activities related to commercial and residential spaces is estimated to drive the demand for cement. Increased demand for cement is estimated to trigger growth of the global flue gas desulphurization market in the years to come.
Low cost of sorbent material, high scrubbing, and control efficiencies are likely to drive the expansion of the global flue gas desulphurization market in the near future. Furthermore, with the presence of strict pollution control regulations, the market is likely to observe growth in the coming years.
Global Flue Gas Desulphurization Market: Regional Outlook
In the global flue gas desulphurization market, Asia Pacific is estimated to present high growth opportunities over the period of assessment. The market in Asia Pacific is estimated to be driven by the rapid rise in the demand for industrialization and subsequent demand for increased energy in the region. Furthermore, increased awareness about the need to control air pollution is another factor that is estimated bolster growth of the market in Asia Pacific.
The global flue gas desulphurization market is segmented as:
Technology
- Wet Flue Gas Desulfurization System
- Dry Flue Gas Desulfurization System
Application
- New Flue Gas Desulfurization Systems
- Reagents & Replacements
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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