Flue gas desulfurization systems are mainly used for extracting hazardous sulfur dioxide emissions from the flue gas. The Flue gas desulfurization systems assists in cutting down the levels of SO2 and other greenhouse gas emissions. Dry Flue gas desulfurization and wet Flue gas desulfurization have emerged to be the key technologies in the global market. Generally, wet FGD systems are priced high in comparison to the dry FGD systems. They have lower operating costs and lower maintenance expenses. One of the key driving factors for the growth of the global Flue gas desulfurization market has been the issuance of stricter environmental regulations. In addition to this, increasing energy demand across the globe has also created a solid demand for Flue gas desulfurization systems. All such factors are thus playing important roles in driving the growth of the global Flue gas desulfurization market in the coming years of the forecast period.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1433
The flue gas desulphurization market is mainly concentrated, with few leading players holding majority of the market share. Some of the leading players such as Alstom, Mitsubishi Heavy Industries (MHI), Babcock and Wilcox have sustained their positions by expanding globally and providing turnkey integrated solutions to their consumers.
Alstom was the largest manufacturer in 2012 and accounted for over 20% of the market share by annual revenue and installed capacity. MHI and Babcock and Wilcox were the next largest companies in the market, together, accounting for over 30% of the market share in 2012. The other key players in the FGD market include Thermax, Hamon, Siemens, and China BoQi. MHI is one of the renowned companies that continuously focuses on new product development strategy. As a result new advanced FGD system is one of the outcomes of their continuous innovations over the years. AFGD system has an increased efficiency of 99.5%.
REQUEST FOR COVID19 IMPACT ANALYSIS :https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1433
The companies in the global market are expected to adopt highly aggressive growth strategies such as mergers, acquisitions, joint ventures, and strategic partnerships in order to stay ahead of the competitive curve.
Wet and dry FGD systems are two types of FGD systems installed worldwide. Wet FGD systems find applications in coal-fired plants with capacity larger than 300 MW while dry FGD systems perform efficiently in plant lower than 300 MW. Wet FGD systems capture the majority of the market and expected to maintain its dominance in coming years.
Stricter Environmental Regulations to Drive Market Growth
One of the key driving factors for the growth of the global Flue gas desulfurization market has been the issuance of stricter environmental regulations. In addition to this, increasing energy demand across the globe has also created a solid demand for Flue gas desulfurization. All such factors are thus playing important roles in driving the growth of the global Flue gas desulfurization market in the coming years of the forecast period.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/increasing-demand-from-end-users-to-help-potassium-formate-market-reach-valuation-of-us920-mn-by-2027-finds-tmr-301181500.html
However, there are couple of factors that might impede the growth of the market in the near future. These factors will slow down the market growth and stop it from reaching its full potential. One of the key restraining factors for the market growth has been the high installation costs of these Flue gas desulfurization. Another important restraining factor is the higher waste disposable expense associated with these systems. However, increasing demand from the emerging economies such as India and Japan is projected to present lucrative growth opportunities in the coming years of the forecast period.
Asia Pacific to Provide Ample Growth Opportunities
There are five key regional segments of the global flue gas desulphurization market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these the market is expected to be led by North America. The U.S. is estimated to dominate the FGD market in North America due to the enactment of numerous regulations including U.S. ARP (Acid Rain Program). Canada is estimated to be the second dominant region in North America. Implementation of EU NEC.
Asia Pacific is projected to show a stable growth over the course forecast period. Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
