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Key Players Operational in the Flue Gas Desulfurization System Market are Focusing on New Contracts, Joint Ventures, Acquisitions, New Product Launches
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 can be attributed to the increasing demand from the power generation and industrial manufacturing end-user segments. 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) are some of the leading players in this market.
Key players operational in the flue gas desulfurization system market are focusing on new contracts, joint ventures, acquisitions, new product launches, and expansions to cater to the increasing demand across various industry verticals.
Babcock & Wilcox Enterprises, Inc. (U.S.), is one of the key players in the global flue gas desulfurization system market having a global presence. The company has increased its contacts to a great extent in 2015 to strengthen its global presence. The company will supply the wet flue gas desulfurization (FGD) system, as well as the plant’s selective catalytic reduction (SCR) system, including catalyst and ammonia handling equipment. This will help the company to improve its profitability. Babcock & Wilcox Construction Co., Inc. (BWCC), a subsidiary of Babcock & Wilcox Power Generation Group Inc. (B&W PGG) has been awarded a contract by the Southwestern Electric Power Co., to erect a dry flue gas desulfurization (FGD) system at Flint Creek Power Plant in Gentry, Arkansas. BWCC will construct the dry FGD system for a 550 MW plant.
Alstom S.A. (France) is another key player in the flue gas desulfurization system market and has a presence in several regions across the globe. The company adopted the strategy of entering into new contracts with leading companies in 2015 to strengthen the position of its business segment globally. For instance, Veolia Environnement S.A. (Paris) and Alstom have signed a contract for the construction of a complete flue gas desulfurization (FGD) plant. This contract will act as a cost-effective solution in reducing Sox (Sulfur oxide) and particulate emissions and improving air quality. Alstom SA and Dalkia Poznań ZEC SA (biggest combined heat and power plant in Western Poland) have signed two contracts for the construction of new flue gas desulfurization (FGD) units for two steam boilers. The new FGD unit is based on the semi-dry technology which helped the company in improving removal efficiency, both in terms of desulfurization and particulate removal. This strategy helped the company in increasing its global presence. The ownership of the company has also changed from a non-controlling to controlling interest.
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
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