HOME Top Market Reports Flue Gas Desulfurization Systems Market by Type (Wet FGD, Dry & Semi-Dry FGD), Application (Power Generation, Chemical, Iron & Steel, Cement Manufacturing, Others), Region (North America, Europe, APAC, Middle East & Africa, Latin America) - Global Forecast to 2021

Flue Gas Desulfurization Systems Market by Type (Wet FGD, Dry & Semi-Dry FGD), Application (Power Generation, Chemical, Iron & Steel, Cement Manufacturing, Others), Region (North America, Europe, APAC, Middle East & Africa, Latin America) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: CH 2399

 

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The global flue gas desulfurization (FGD) system market is projected to grow from USD 14.35 Billion in 2015 to USD 19.96 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021.

The objectives of this study are: 

  • To define, describe, and forecast the global flue gas desulfurization system market based on technology, application, and region.
  • To provide detailed information regarding the key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the entire market.
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders.
  • To forecast the market size in terms of value with respect to the main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America.
  • To strategically profile key players and comprehensively analyze their core competencies.
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the market.

The years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021
  • For company profiles in the report, 2015 has been considered as the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the global flue gas desulfurization system market begins with capturing data on key vendor revenues through secondary research such as the Power Magazine, Power Plant Chemistry, ELP, IBEF, and the EPRI journal. Secondary research was mainly conducted to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of players, and market classification & segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives. The primary sources are mainly experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of this industry’s value chain. In-depth interviews of various primary respondents that include key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants were conducted to obtain and verify critical qualitative and quantitative information as well as to assess future prospects of the market.

The vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Flue Gas Desulfurization Systems & Services Market

To know about the assumptions considered for the study, download the pdf brochure

The global flue gas desulfurization system market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end-users, and government organizations. Companies operating in the global flue gas desulfurization system market include Alstom SA (France), Babcock & Wilcox Enterprises, Inc. (U.S.), FLSmidth & Co. A/S (Denmark), Hamon Corporation (London), Siemens AG (Germany), and  Clyde Bergemann Power Group (U.S.), Burns & Mcdonnell (U.S.), Marsulex Environmental Technologies (U.S.), Mitsubishi Electric Corporation, Ltd. (Japan), and Thermax Limited (India).

Target Audience

  • Raw Material Suppliers and Distributors
  • Flue Gas Desulfurization System Manufacturers/Traders
  • Government and Research Organizations
  • Power Generation Companies
  • Chemical Manufacturing Companies
  • Iron and Steel Companies
  • Associations and Industrial Bodies

“This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly”.

Scope of the Report: This research report categorizes the global flue gas desulfurization system market on the basis of type, end-user, and region, forecasting revenues as well as analyzing trends in each of the sub-markets.

On the basis of Type:

  • Wet FGD
  • Dry & Semi-Dry FGD

On the basis of End-User:

  •  Power Generation
  • Chemical
  • Iron & Steel
  • Cement Manufacturing
  • Others

On the basis of Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

The following customization options are available for the report:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakdown of rest of the APAC and rest of Europe flue gas desulfurization system market.

Company Information

  • Detailed analysis and profiles of additional market players (up to five companies).

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Regional Scope
           1.3.2 Markets Covered
           1.3.3 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 23)
    3.1 Introduction

4 Premium Insights (Page No. - 26)
    4.1 Significant Opportunities in the Global FGD Market
    4.2 Global FGD Market, By Type
    4.3 Asia-Pacific FGD Market
    4.4 Global FGD Market, By Region
    4.5 Global FGD Market, By Application

5 Market Overview (Page No. - 29)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Rise in Environmental Awareness and Stringent Regulations are Expected to Increase the Demand for FGD Systems
                    5.1.1.2 Marketable By-Products
           5.1.2 Restraints
                    5.1.2.1 Emergence of Alternate and Renewable Sources of Energy
                    5.1.2.2 Waste Disposal Requirement and Associated Costs
           5.1.3 Opportunities
                    5.1.3.1 Increasing Number of Coal-Fired Plants in India and China
           5.1.4 Challenges
                    5.1.4.1 High Energy Requirement
    5.2 Emission Control Regulations: Overview
    5.3 Sulfur Control Regulations, By Regions
           5.3.1 Asia-Pacific
                    5.3.1.1 China
                    5.3.1.2 India
           5.3.2 Europe
           5.3.3 North America
                    5.3.3.1 U.S.
           5.3.4 Conclusion

6 Mist Eliminator Market, By Region (Page No. - 38)
    6.1 Introduction
    6.2 Global Mist Eliminator Market, By Material
    6.3 Global Mist Eliminator Market, By Type

7 FGD System Market, By Type (Page No. - 43)
    7.1 Introduction
    7.2 Wet FGD System
           7.2.1 Wet FGD System Market, By Region, 2016-2021 (USD Million)
           7.2.2 Dry & Semi-Dry FGD System
           7.2.3 Dry & Semi-Dry FGD System Market, By Region,  2016-2021 (USD Million)
           7.2.4 Comparison Between Wet FGD Systems, and Dry & Semi-Dry FGD Systems

8 FGD System Market, By End User (Page No. - 49)
    8.1 Introduction
    8.2 Power Generation
           8.2.1 Electricity Production, By Region, 2015 (Twh)
           8.2.2 Power Generation FGD System Market, By Region,  2016-2021 (USD Million)
           8.2.3 Chemical
           8.2.4 Chemical Production- 2016 (Average Annual Year Change)
           8.2.5 Chemical Industries FGD System Market, By Region,  2016-2021 (USD Million)
    8.3 Iron & Steel
           8.3.1 Crude Steel Production, 2010-2015 (Million Tons)
           8.3.2 Iron & Steel FGD System Market, By Region,  2016-2021 (USD Million)
    8.4 Cement Manufacturing
           8.4.1 Cement Manufacturing FGD System Market, By Region,  2016-2021 (USD Million)
    8.5 Others
           8.5.1 FGD System Market for Others, By Region,  2016-2021 (USD Million)

9 FGD System Market, By Region (Page No. - 59)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Australia & New Zealand
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 U.K.
           9.4.3 France
           9.4.4 Italy
    9.5 Latin America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Chile
    9.6 Middle East & Africa
           9.6.1 UAE
           9.6.2 Saudi Arabia
           9.6.3 Qatar
           9.6.4 Kuwait
           9.6.5 Oman

10 Competitive Landscape (Page No. - 97)
     10.1 Overview
     10.2 Competitive Situations and Trends
     10.3 Competitive Benchmarking
             10.3.1 New Contracts
             10.3.2 Expansions
             10.3.3 New Product Developments
             10.3.4 Joint Ventures & Acquisitions, 2012–2016

11 Company Profiles (Page No. - 106)
     11.1 Introduction
     11.2 Alstom SA
             11.2.1 Business Overview
             11.2.2 Products & Services Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Babcock & Wilcox Company
             11.3.1 Business Overview
             11.3.2 Products & Services Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Siemens AG
             11.4.1 Business Overview
             11.4.2 Products & Services Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 Flsmidth & Co. A/S
             11.5.1 Business Overview
             11.5.2 Products & Services Offered
             11.5.3 SWOT Analysis
             11.5.4 Recent Developments
             11.5.5 MnM View
     11.6 Hamon Corporation
             11.6.1 Business Overview
             11.6.2 Products & Services Offered
             11.6.3 Recent Developments
             11.6.4 SWOT Analysis
             11.6.5 MnM View
     11.7 Clyde Bergemann Power Group International Ltd.
             11.7.1 Business Overview
             11.7.2 Products & Services Offered
             11.7.3 Recent Developments
     11.8 Burns & Mcdonnell Inc.
             11.8.1 Business Overview
             11.8.2 Products & Services Offered
             11.8.3 Recent Developments
     11.9 Marsulex Environmental Technologies
             11.9.1 Business Overview
             11.9.2 Products & Services Offered
             11.9.3 Recent Developments
     11.10 Mitsubishi Electric Corporation, Ltd.
             11.10.1 Business Overview
             11.10.2 Products & Services Offered
             11.10.3 Recent Developments
             11.10.4 SWOT Analysis
             11.10.5 MnM View
     11.11 Thermax Ltd.
             11.11.1 Business Overview
             11.11.2 Products & Services Offered
             11.11.3 Recent Developments
             11.11.4 MnM View
     11.12 Other Players

12 Appendix (Page No. - 131)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports


List of Tables (75 Tables)

Table 1 Asia-Pacific Dominated the FGD Market in 2015
Table 2 China, Eu, and U.S. Coal Fired Power Plant Standard (Mg/M3):
Table 3 Regulations (2003-2017)
Table 4 Mist Eliminator Market, By Region, 2014–2021 (USD Million)
Table 5 Mist Eliminator Regional Market, By Material, 2015 (USD Million)
Table 6 Mist Eliminator Market, By Type, 2015 (USD Million)
Table 7 FGD System Market, By Type, 2014-2021 (USD Million)
Table 8 Wet FGD System Market, By Region, 2014-2021 (USD Million)
Table 9 Dry & Semi-Dry FGD System Market, By Region, 2014-2021 (USD Million)
Table 10 FGD System Market, By End User, 2014-2021 (USD Million)
Table 11 Power Generation: FGD System Market, By Region, 2014-2021 (USD Million)
Table 12 Chemical: FGD System Market, By Region, 2014-2021 (USD Million)
Table 13 Iron & Steel FGD System Market, By Region, 2014-2021 (USD Million)
Table 14 Cement Manufacturing: FGD System Market, By Region,  2014-2021 (USD Million)
Table 15 Others: FGD System Market Size, By Region 2014-2021 (USD Million)
Table 16 FGD System Market, By Region, 2014–2021 (USD Million)
Table 17 Asia-Pacific FGD System Market, By Type, 2014–2021 (USD Million)
Table 18 Asia-Pacific FGD System Market, By Country, 2014–2021 (USD Million)
Table 19 Asia-Pacific FGD System Market, By End-User, 2014–2021 (USD Million)
Table 20 China FGD System Market, By Type, 2014–2021 (USD Million)
Table 21 China FGD System Market, By End-User, 2014–2021 (USD Million)
Table 22 Japan FGD System Market, By Type, 2014–2021 (USD Million)
Table 23 Japan FGD System Market, By End-User, 2014–2021 (USD Million)
Table 24 India FGD System Market, By Type, 2014–2021 (USD Million)
Table 25 India FGD System Market, By End-User, 2014–2021 (USD Million)
Table 26 South Korea FGD System Market, By Type, 2014–2021 (USD Million)
Table 27 South Korea FGD System Market, By End-User, 2014–2021 (USD Million)
Table 28 Australia & New Zealand FGD System Market, By Type, 2014–2021 (USD Million)
Table 29 Australia & New Zealand FGD System Market, By End-User,  2014–2021 (USD Million)
Table 30 North America FGD System Market, By Type,  2014–2021 (USD Million)
Table 31 North America FGD System Market, By Country,  2014–2021 (USD Million)
Table 32 North America FGD System Market, By End-User,  2014–2021 (USD Million)
Table 33 U.S. FGD System Market, By Type, 2014–2021 (USD Million)
Table 34 U.S. FGD System Market, By End-User, 2014–2021 (USD Million)
Table 35 Canada FGD System Market, By Type, 2014–2021 (USD Million)
Table 36 Canada FGD System Market, By End-User, 2014–2021 (USD Million)
Table 37 Mexico FGD System Market, By Type, 2014–2021 (USD Million)
Table 38 Mexico FGD System Market, By End-User, 2014–2021 (USD Million)
Table 39 Europe FGD System Market, By Type, 2014–2021 (USD Million)
Table 40 Europe FGD System Market, By Country, 2014–2021 (USD Million)
Table 41 Europe FGD System Market, By End-User, 2014–2021 (USD Million)
Table 42 Germany FGD System Market, By Type, 2014–2021 (USD Million)
Table 43 Germany FGD System Market, By End-User, 2014–2021 (USD Million)
Table 44 U.K. FGD System Market, By Type, 2014–2021 (USD Million)
Table 45 U.K. FGD System Market, By End-User, 2014–2021 (USD Million)
Table 46 France FGD System Market, By Type, 2014–2021 (USD Million)
Table 47 France FGD System Market, By End-User, 2014–2021 (USD Million)
Table 48 Italy FGD System Market, By Type, 2014–2021 (USD Million)
Table 49 Italy FGD System Market, By End-User, 2014–2021 (USD Million)
Table 50 Latin America FGD System Market, By Type,  2014–2021 (USD Million)
Table 51 Latin America FGD System Market, By Country,  2014–2021 (USD Million)
Table 52 Latin America FGD System Market, By End-User,  2014–2021 (USD Million)
Table 53 Brazil FGD System Market, By Type, 2014–2021 (USD Million)
Table 54 Brazil FGD System Market, By End-User, 2014–2021 (USD Million)
Table 55 Argentina FGD System Market, By Type, 2014–2021 (USD Million)
Table 56 Argentina FGD System Market, By End-User, 2014–2021 (USD Million)
Table 57 Chile FGD System Market, By Type, 2014–2021 (USD Million)
Table 58 Chile FGD System Market, By End-User, 2014–2021 (USD Million)
Table 59 Middle East & Africa FGD System Market, By Type,  2014–2021 (USD Million)
Table 60 Middle East & Africa FGD System Market, By Country,  2014–2021 (USD Million)
Table 61 Middle East & Africa FGD System Market, By End-User,  2014–2021 (USD Million)
Table 62 UAE FGD System Market, By Type, 2014–2021 (USD Million)
Table 63 UAE FGD System Market, By End-User, 2014–2021 (USD Million)
Table 64 Saudi Arabia FGD System Market, By Type, 2014–2021 (USD Million)
Table 65 Saudi Arabia FGD System Market, By End-User, 2014–2021 (USD Million)
Table 66 Qatar FGD System Market, By Type, 2014–2021 (USD Million)
Table 67 Qatar FGD System Market, By End-User, 2014–2021 (USD Million)
Table 68 Kuwait FGD System Market, By Type, 2014–2021 (USD Million)
Table 69 Kuwait FGD System Market, By End-User, 2014–2021 (USD Million)
Table 70 Oman FGD System Market, By Type, 2014–2021 (USD Million)
Table 71 Oman FGD System Market, By End-User, 2014–2021 (USD Million)
Table 72 New Contracts, 2012–2016
Table 73 Expansions, 2012–2016
Table 74 New Product Development, 2012–2016
Table 75 Joint Ventures & Acquisitions, 2012–2016


List of Figures (37 Figures)

Figure 1 Flue Gas Desulfurization Market: Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Flue Gas Desulfurization Market: Data Triangulation
Figure 7 Power Generation Application Segment is Leading the Global FGD Market
Figure 8 Wet FGD Segment to Account for the Largest Share of the Global FGD Market
Figure 9 Asia-Pacific Led the Global FGD Market
Figure 10 Emerging Economies in the Asia-Pacific Region Offer Several Unexplored Opportunities to the Players in the FGD Market
Figure 11 The Wet FGD Segment is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 12 China Accounted for the Largest Share of Asia-Pacific FGD Market in 2015
Figure 13 The FGD Market in the Asia-Pacific Regi0n is Expected to Grow at the Highest CAGR Between 2016 and 2021
Figure 14 Among Applications, the Power Generation Segment is Expected to Grow at the Highest Rate Between 2016 and 2021
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the FGD Market
Figure 16 List of Regulations and Standards That Encourage Use of FGD Systems
Figure 17 U.S. Regulations From 2005-2015
Figure 18 Mist Eliminator Market, By Type
Figure 19 FGD System Market, By Type, 2016 & 2021 (USD Million)
Figure 20 FGD System Market, By End User, 2016 & 2021 (USD Million)
Figure 21 Global Growth Rate Snapshot
Figure 22 Asia-Pacific FGD System Market Snapshot
Figure 23 North America Market Snapshot
Figure 24 Europe Market Snapshot
Figure 25 Latin America FGD System Market Snapshot
Figure 26 Middle East & Africa FGD System Market Snapshot
Figure 27 Companies Adopted New Contracts as the Key Growth Strategy During the Forecast Period
Figure 28 Strategies Adopted By Market Players Between 2012 and 2016
Figure 29 New Contracts: the Most Preferred Strategy Adopted By Companies Between 2012 and 2016
Figure 30 Battle for Market Share: Expansions Was the Key Strategy, 2012–2016
Figure 31 Regional Revenue Mix of Market Players
Figure 32 Alstom SA: Company Snapshot
Figure 33 Babcock & Wilcox : Company Snapshot
Figure 34 Siemens AG : Company Snapshot
Figure 35 Flsmidth & Co. A/S : Company Snapshot
Figure 36 Hamon Corporation : Company Snapshot
Figure 37 Mitsubishi Electric Corporation, Ltd.: Company Snapshot

The global flue gas desulfurization system market is projected to grow from USD 14.35 Billion in 2015 to USD 19.96 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021. This growth is mainly attributed to the impressive development of the power generation manufacturing and industry in the Asia-Pacific region, and stringent environmental regulations that have been imposed to control air pollution. Consideration of coal as the most reliable source of energy also acts as a driver for the FGD system market. The emergence of alternate and renewable sources of energy acts as a major restraint for the growth of the market.

The power generation segment dominated the global flue gas desulfurization system market in 2015, followed by the industrial manufacturing segment. The power generation segment is projected to grow at the highest CAGR from 2016 to 2021, followed by growth in the chemical manufacturing segment.

The Asia-Pacific region is the fastest-growing market, as it is a major consumer of the flue gas desulfurization system. There is an increasing demand for the flue gas desulfurization system from both, developed and developing countries of this region, such as Japan, China, India, Australia, and others. An increasing number of coal-based thermal power plants is expected to drive the growth of the FGD system market in China.

A growing population, urbanization, and end-use industry are increasing the demand for the flue gas desulfurization system from the end-user industries, driving the growth of the flue gas desulfurization system market in the Asia-Pacific region.  Increasing chemical manufacturing, increased cement production, coupled with the growing iron & steel industry, is expected to further boost the flue gas desulfurization system market in this region.

Flue Gas Desulfurization Systems & Services Market

One of the major factors inhibiting the growth of the market is the sluggish growth of the flue gas desulfurization system market in Europe and North America. Key market players operating in the global flue gas desulfurization system market, such as Alstom SA (France), Babcock & Wilcox Enterprises, Inc. (U.S.), FLSmidth & Co. A/S (Denmark), Hamon Corporation (London), Siemens AG (Germany), and  Clyde Bergemann Power Group (U.S.), Burns & Mcdonnell (U.S.), Marsulex Environmental Technologies (U.S.), Mitsubishi Electric Corporation, Ltd. (Japan), and Thermax Limited (India), have adopted various strategies to increase their market shares. New contracts, joint ventures, acquisitions, new product launches, and expansions are some of the key strategies adopted by the market players to achieve growth in the global flue gas desulfurization system market.

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