Fuel gas desulfurization (FGD) systems are set of technologies utilized to remove sulfur dioxide from fossil fuel power plants exhaust flue gases and waste incineration. After burning coal or oil to produce energy over 95% of sulfur is converted to sulfur dioxide under standard temperature which might have harmful effects on environment. Rising environmental concerns along with growth in prevalence of airborne disease will have positive influence on product demand.
Fuel Gas Desulfurization (FGD) Systems Market Trends
- Growth industrial sector mainly in emerging economies to set up chemical manufacturing, power generation, cement and steel production will propel market size
- Stringent emission standards for sulfur dioxide emission led by EPA, EU Commission to control environmental concerns are likely to support market growth. In 2015, Ministry of Environment, Climate Change and Forest has standardized SO2 emission levels up to 100mg/Nm3. These factors will positively affect product demand
- Increase in construction activities and renovation projects have led to growth in cement demand, thus causing a surge in cement production which will boost FGD market size.
Fuel Gas Desulfurization (FGD) Systems Market COVID-19 Impact
COVID 19 has a drastic effect on power generation which is a major application of fuel gas desulfurization systems. High electricity demand from domestic but demand shocks from industrial, commercial and railway sector will have negative effects on financial health of power generation industry. Axiom MRC report helps in 3600 analysis of economic impact of COVID 19 on fuel gas desulfurization (FGD) Systems demand and supply side. The report also offers future impact assessment of macro and micro economic factors, GDP, international trade on fuel gas desulfurization (FGD) Systems market.
Fuel Gas Desulfurization (FGD) Systems Market Regional Highlights
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
Asia Pacific driven by India, Japan and China dominated fuel gas desulfurization market in 2019. Asia Pacific currently dominates the FGD market, and it is expected to continue its dominance for a few more years. Rapid industrialization owing to huge FDI investments mainly in cement, metal industries supported by capacity expansion of major multinational giants in power generation will positively favour product demand.
Fuel Gas Desulfurization (FGD) Systems Market Segmental Overview
- The report analyses the global kaolin market based on installation, type, end user and geography
- Various installation studied are segmented into Greenfield, Brownfield
- The type segment is categorized in Wet FGD systems, Dry & semi dry FGD systems. Growth in wet systems adoption owing to high emission standards set by federal government, higher removal efficiency along with increase in electricity production through coal fired power plants will positively favour product demand
- Furthermore, the major end users considered in the study are power generation, chemical, iron & steel, cement manufacturing. FGD system has extensive application in power generation owing to high government and private investments in electricity production, thus increasing number of coal fired power plants which is likely to boost product demand
Fuel Gas Desulfurization (FGD) Systems Market Competitor Analysis
The key companies in the Fuel Gas Desulfurization (FGD) Systems market share are Mitsubishi Electric Corporation, Ltd., GENERAL ELECTRIC, Doosan Lentjes, Babcock & Wilcox Company, Rafako, Andritz, Hamon Corporation, Thermax ltd., FLSmidth & co. A/s, Marsulex Environmental Technologies, Clyde Bergemann Power Group International Ltd., Ducon Technologies, Burns & Mcdonnell, LAB SA, Valmet, Macrotek Inc., Aecom, Chiyoda Corporation. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.
The report analyses the global fuel gas desulfurization (FGD) systems market based on installation, type, end user and geography. Various installation process are segmented based on Greenfield, Brownfield. The type segment is categorized in Wet FGD systems, Dry & semi dry FGD systems. Furthermore, the major end user comprise in the study includes power generation, chemical, iron & steel, cement manufacturing
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
Why to buy this report:
- The report offers changing market dynamics in the fuel gas desulfurization (FGD) Systems market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of kaolin
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the fuel gas desulfurization (FGD) Systems market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of fuel gas desulfurization (FGD) systems market
