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 study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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