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
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report