Flue Gas Desulfurization System Trends and Forecast
The future of the global flue gas desulfurization system market looks promising with opportunities in the power generation, chemical, iron & steel, and cement manufacturing markets. The global flue gas desulfurization system market is expected to reach an estimated $25.7 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are rising acceptance of FGD systems in the expanding chemical and cement industrial sectors, growing need for FGD gypsum in the farming sector to enhance the physicochemical characteristics of soil, as well as, growing worldwide investments in thermal power facilities, coupled with rising electricity demand.A more than 150-page report is developed to help in your business decisions.
Flue Gas Desulfurization System by Segment
The study includes a forecast for the global flue gas desulfurization system by type, installation, end use, and region.Flue Gas Desulfurization System Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Wet FGD System
- Dry & Semi-Dry FGD System
Flue Gas Desulfurization System Market by Installation [Shipment Analysis by Value from 2018 to 2030]:
- Greenfield
- Brownfield
Flue Gas Desulfurization System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Power Generation
- Chemical
- Iron & Steel
- Cement Manufacturing
- Others
Flue Gas Desulfurization System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Flue Gas Desulfurization System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies flue gas desulfurization system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flue gas desulfurization system companies profiled in this report include-- Mitsubishi Heavy Industries
- General Electric
- Doosan Lentjes
- Babcock & Wilcox Enterprises
- Rafako
- Hamon
- Marsulex Environmental Technologies
- Chiyoda
- Thermax
- Andritz
Flue Gas Desulfurization System Market Insights
The report forecasts that wet FGD system will remain the larger segment over the forecast period due to its high removal efficiency, federal government-imposed strict emission requirements, a growth in energy demand, and an increase in the number of coal-fired power plants in emerging economies.APAC will remain the largest region over the forecast period due to region's strict restrictions and high level of power production have led to an increase in demand from the power generation industry.
Features of the Global Flue Gas Desulfurization System Market
- Market Size Estimates: Flue gas desulfurization system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Flue gas desulfurization system market size by type, installation, end use, and region in terms of value ($B).
- Regional Analysis: Flue gas desulfurization system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, installation, end use, and regions for the flue gas desulfurization system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the flue gas desulfurization system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the flue gas desulfurization system market size?Answer: The global flue gas desulfurization system market is expected to reach an estimated $25.7 billion by 2030.
Q2. What is the growth forecast for flue gas desulfurization system market?
Answer: The global flue gas desulfurization system market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the flue gas desulfurization system market?
Answer: The major drivers for this market are rising acceptance of FGD systems in the expanding chemical and cement industrial sectors, growing need for FGD gypsum in the farming sector to enhance the physicochemical characteristics of soil, as well as, growing worldwide investments in thermal power facilities, coupled with rising electricity demand.
Q4. What are the major segments for flue gas desulfurization system market?
Answer: The future of the global flue gas desulfurization system market looks promising with opportunities in the power generation, chemical, iron & steel, and cement manufacturing markets.
Q5. Who are the key flue gas desulfurization system market companies?
Answer: Some of the key flue gas desulfurization system companies are as follows:
- Mitsubishi Heavy Industries
- General Electric
- Doosan Lentjes
- Babcock & Wilcox Enterprises
- Rafako
- Hamon
- Marsulex Environmental Technologies
- Chiyoda
- Thermax
- Andritz
Answer: The report forecasts that wet FGD system will remain the larger segment over the forecast period due to its high removal efficiency, federal government-imposed strict emission requirements, a growth in energy demand, and an increase in the number of coal-fired power plants in emerging economies.
Q7. In flue gas desulfurization system market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to region's strict restrictions and high level of power production have led to an increase in demand from the power generation industry.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the flue gas desulfurization system market by type (wet FGD system and dry & semi-dry FGD system), installation (greenfield and brownfield), end use (power generation, chemical, iron & steel, cement manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Flue Gas Desulfurization System Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Mitsubishi Heavy Industries
- General Electric
- Doosan Lentjes
- Babcock & Wilcox Enterprises
- Rafako
- Hamon
- Marsulex Environmental Technologies
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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