Flue Gas Desulfurization Systems Market Outlook - 2026
The Global Flue Gas Desulfurization (FGD) Systems Market Size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%. Flue gas desulfurization systems are used to remove sulfur dioxide (SO2) contained in gases formed by the ignition of fossil fuels including coal, oil, automobile tires, municipal solid waste, and several other industrial processes, which include cement, gasoline refining, glass, paper, iron, steel, and copper manufacturing. SO2 releases are a chief contributor to acid rains and have been regulated by each industrial country globally.
Market Dynamics
The increase in popularity of FGD systems in the growing cement and chemical manufacturing industries is also expected to garner to the growth of the global flue gas desulfurization systems market. In addition, growth in awareness about the consequences of air pollution on health among the people and governments of different countries enhances the demand for flue gas desulfurization (FGD) systems; thereby, catering to the development of the market. The major flue gas desulfurization systems market players are trying to expand and develop their product portfolios to efficiently eliminate the flue gases from industrial plants.
For instance, Mitsubishi Hitachi Power Systems, Ltd. based in Japan deals in FGD systems such as wet limestone-gypsum FGD system and seawater FGD system to eliminate SO2 from flue gases generated by furnaces, boilers, and other sources. The Wet Limestone-Gypsum FGD system is of two types, which include double contact flow scrubber (DCFS) and spray tower scrubber.
The deteriorating air quality all over the globe due to development in industrialization and urbanization has turned out to be a significant issue. Therefore, economies which include the U.S., China, India, France, and others are concentrating toward control of air pollution. Thereby, driving the overall flue gas desulfurization systems market. Moreover, the governments have formulated stringent laws for maintaining the air quality standards. This is anticipated to lead to the flue gas desulfurization systems market growth during the forecast period. Quite the reverse, the high operating costs and initial investments required by the systems are anticipated to restrain the flue gas desulfurization systems market growth. Moreover, the power generation industries are eradicating the use of coal, which are the major users of FGD systems to avert the SO2 discharges. Thus, the reduction in the number of coal power plants globally is expected to hinder the growth of the flue gas desulfurization systems market during the forecast period.
By Technology
Dry FGD system segment is projected to grow at a significant CAGR
Technological advancements by manufacturers such as GE Power, Thermax, S.A. HAMON, MHPS, and others have increased the demand for flue gas desulphurization system products. For instance, ANDRITZ deals in advanced limestone FGD units that are cost-effective and efficient solutions to scrub SO2 and dust while preserving energy inputs to a minimum level. In addition, Carmeuse established new technologies Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS) which can remove 98% SO2 on 2.5% sulfur coal. These technologies consecutively recycle SO2 from flue gas through proprietary regenerable aqueous amine-based solvents. Hence, such technological advancements are predicted to offer lucrative opportunities for flue gas desulphurization system manufacturers.
By Application
Power plants segment holds dominant position in 2018, and is expected to remain dominant throughout the forecast period.
The global flue gas desulfurization systems market is segmented into technology, application, and region. Depending on technology, the market is divided into wet FGD systems, spray dry FGD system, and dry FGD system. Wet FGD systems segment is anticipated to dominate the global flue gas desulfurization systems market throughout the study period. By application, the market is segregated into power plants, cement, metal processing & mining, manufacturing, and chemicals. The power plants segment is expected to dominate the market during the forecast period.
By Region
Asia-Pacific holds a dominant position in 2018 and is expected to grow at a significant rate during the forecast period.
Region wise, the flue gas desulfurization systems market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the Netherlands, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period and LAMEA is anticipated to exhibit the highest CAGR.
Competitive Analysis
Competitive analysis and profiles of the major flue gas desulfurization systems market players, such as Mitsubishi Hitachi Power Systems, Ltd (MHPS), Inc., Babcock & Wilcox Enterprises, Inc., GEA Group Aktiengesellschaft, HAMON Group, Thermax Ltd., GE Power, and others are provided in this report. The key strategies adopted by these players from 2017 to 2019 were acquisition and business expansion.
Key Benefits for Stakeholders:
- The report provides an extensive analysis of the current & emerging global flue gas desulfurization systems market trends and dynamics.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2019 and 2026.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
- The key market players within the flue gas desulfurization systems market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global flue gas desulfurization systems market.
Flue Gas Desulfurization Systems Market Report Highlights
| Aspects | Details |
 By TECHNOLOGY |
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 By APPLICATION |
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 By Region |
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 Key Market Players | CARMEUSE, GENERAL ELECTRIC COMPANY, S.A. HAMON, ANDRITZ AG, MITSUBISHI HITACHI POWER SYSTEMS, LTD., KOCH-GLITSCH, BABCOCK & WILCOX ENTERPRISES, INC., . GEA GROUP AKTIENGESELLSCHAFT, THERMAX LIMITED, KRAFTPOWERCON |
Analyst Review
Flue gas desulfurization system is used for reducing the harmful SO2 emission by burning fossil fuels in the manufacturing industries such as power generation plants, automotive, mining, medical, and pharmaceutical among many others. They control and handle the flue gases emitted to provide cleaner air discharge. The demand for flue gas desulfurization systems has increased due to rise in manufacturing industries as well as mining activities globally. Leading companies, such as GEA, MHPS, and others, have witnessed significant growth and expansion of their overall consumer base, as they offer numerous types of flue gas desulfurization systems, in different sizes, capacities, and functions. Moreover, innovative marketing and positioning strategies have positively impacted the growth of the global flue gas desulfurization systems market.
Asia-Pacific is expected to be the chief revenue contributor; however, LAMEA is anticipated to provide remunerative growth opportunities to the key players in this market. Besides, the flue gas desulfurization systems market holds high growth potential in the metal processing & mining industry and power plants due to rise in awareness toward air pollution. Moreover, the present business scenario experiences rapid growth in the adoption of FGD systems, exhibiting the readiness to accept this technology, chiefly in the advanced regions such as North America and Europe. Improved efficiency and prolonged durability of the flue gas desulfurization systems are some of the major drivers for this market. However, the high cost of operation impedes the growth of the market. Conversely, surge in demand for flue gas desulfurization systems has been witnessed due to rise in air pollution and increase in implementation of stringent government regulations to control pollution. Such factors are expected to create lucrative opportunities for the key players operating in the flue gas desulfurization systems market.
The increase in popularity of FGD systems in the growing cement and chemical manufacturing industries and growth in awareness about the consequences of air pollution on health among the people and governments of different countries are anticipated to drive the market trends.
The global flue gas desulfurization (FGD) systems market is expected to grow at a CAGR of 4.1% from 2019 to 2026.
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LAMEA region will provide more business opportunities for flue gas desulfurization (FGD) systems market in future.
The key trends in the flue gas desulfurization (FGD) systems market are increase in awareness about the harsh influences of air pollution on well-being and health and advanced flue gas desulfurization systems offered by key manufacturers.
Based on top growing big corporation, we select top 10 players.
The applications of flue gas desulfurization (FGD) systems market are power plants, cement, metal processing & mining, manufacturing, and chemicals.
The key growth strategies of flue gas desulfurization (FGD) systems market players are acquisition and business expansion.
By application, the power plants segment holds the maximum market share of the flue gas desulfurization (FGD) systems market
The global flue gas desulfurization (FGD) systems market size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%.
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