According to Stratistics MRC, the Global Flue Gas Desulfurization Market is accounted for $26.80 billion in 2020 and is expected to reach $45.37 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Growing demand from power & energy sector is driving the market growth. However, high cost of reagents and protection concerns related with flue gas desulfurization is hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period. The growth of the market in this region is mostly accredited to the growing demand from the power generation industry and strict regulations in the region. The power source industry accounts for the utmost consumption of FGD in the province. Cement and chemicals industries in APAC are exhibiting remarkable advancement which is predictable to drive the demand for flue gas desulfurization.
Some of the key players profiled in the Flue Gas Desulfurization Market include Aecom, Andritz Ag, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Clyde Bergemann Eec, Doosan Lentjes Gmbh, Ducon Technologies Inc., Flsmidth, General Electric, Hamon, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., Rafako S.A., S.A Hamon, Thermax Ltd. and Valmet.
Types Covered:
• Components, Repairs, & Consumables
• Revamp
• New Systems
Installations Covered:
• Brownfield
• Greenfield
Products Covered:
• Wet FGD Systems
• Dry & Semi-Dry FGD Systems
Applications Covered:
• Ball Mill Slurry
• Cyclone/Filter Feed
• New Systems
• Reagents
• Replacements
• Scrubbers
End Users Covered:
• Cement Manufacturing
• Chemical
• Iron and Steel
• Power Generation
• Power Plants
• Waste Incineration
• Pulp & Paper
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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