Flue Gas Desulfurization Systems Market

Flue Gas Desulfurization Systems Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield), and Region - Global Forecast to 2025

Report Code: CH 2399 Jun, 2020, by marketsandmarkets.com

[207 Pages Report] The FGD systems market is projected to grow from USD 17.7 billion in 2020 to USD 23.1 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The FGD systems market has been witnessing consistent growth owing to the increasing concerns regarding environmental pollution, growing prevalence of airborne diseases, and enforcement of environmental laws & regulations. The rise in demand for FGD systems from the power generation, chemical, iron & steel, and cement & manufacturing industries is expected to drive the market globally. Stringent environmental regulations focused on the control of excessive industrial sulfur dioxide emissions are further expected to drive the growth of the market during the forecast period.

Flue Gas Desulfurization Systems Market

Based on type, wet FGD systems segment accounted for the largest share in 2019

Based on type, the market has been segmented into wet and dry & semi-dry FGD systems. Key factors responsible for the adoption of wet FGD technology are its high removal efficiency, high emission standards set by federal governments, an increase in electricity demand, and an increase in the number of coal-fired power plants in emerging economies. The growth of the wet FGD systems segment can also be attributed to its early commercial deployment in 1970 and its high efficiency in terms of SO2 removal. Moreover, the by-product of typical wet FGD systems, which use limestone as a reagent, is gypsum. This can be marketed to cement and wallboard manufacturers and the fertilizer industry.  

Based on end-use industry, the power generation segment accounted for the largest market share in 2019

Based on end-use industry, the power generation end-use industry segment accounted for the largest share of the global FGD market in 2019. Coal-fired power plants are the major source of sulfur pollutants, due to the usage of high sulfur content coals in power plants. Therefore, increased power generation is the reason for the dominance of the power generation segment over other end-use industries.

Flue Gas Desulfurization Systems Market by Region

Asia Pacific accounted for the largest share of the FGD systems market in 2019

The Asia Pacific FGD systems market will see increased demand from the power generation industry as a result of the increased regulations and power production in the region. The power generation industry consumed the highest amount of FGD in the region and accounted for the largest share in the Asia Pacific FGD systems market in 2019. As the chemical sector, as well as the cement and metal smelting industries, are growing in Asia Pacific, more opportunities are expected for this market in this region in the coming years.

Key Market Players

Key players in this market are Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), and Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea).

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Units

Value (USD Million) Volume (Megawatt)

Segments Covered

Type, End-use Industry, and Installation

Geographies Covered

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies Covered

Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd.(India), and Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel) and KC Cottrell (South Korea)

This research report categorizes the FGD systems market based on type, end-use industry, installation, and region, and forecasts revenues as well as analyzes trends in each of these submarkets.

Based on Type, the FGD systems market has been segmented into:

  • Wet FGD Systems
    • Limestone
    • Seawater
    • Others (ammonia and sodium)
  • Dry & Semi-dry FGD Systems

Based on End-Use Industry, the FGD systems market has been segmented into:

  • Power Generation
  • Chemical
  • Iron & Steel
  • Cement Manufacturing
  • Others (paper & pulp, waste incineration, and glass)

Based on installation, the FGD systems market has been segmented into:

  • Greenfield
  • Brownfield

Based on the Region, the FGD systems market has been segmented into:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In July 2020, General Electric (GE) Steam Power signed an agreement with NTPC Limited, India, for the supply of wet FGD systems for 3 coal-fired power plants. With these wet FGD systems, the company will help NTPC treat approximately 35 million cubic meters per hour of flue gas, meeting India’s thermal power plant emission norms for SO2. This agreement also allows GE to strengthen its foothold in the country in which it already has 15.28 GW of SO2 reduction systems.
  • In February 2020, Mitsubishi Hitachi Power Systems (MHPS) received a 12 year maintenance service extension for the BLCP power station in Thailand. This agreement covers the maintenance of major equipment, including boilers, steam turbines, and flue gas cleaning systems. It will strengthen the service business of the company and boost revenue generation.
  • In July 2019, Doosan Lentjes announced the delivery and commissioning of two FGD systems in Vietnam. This system deployed seawater FGD technology and was installed at the Vinh Tan 1 power plant, in the Binh Thuan province of Vietnam. Doosan Lentjes’ scope of work included engineering and delivery of key FGD equipment along with advisory services for erection and commissioning. This development establishes the company’s reputation as a specialist in the delivery of air quality control systems across the global utility, municipality, and industrial sectors.

Key Questions Addressed by the Report:

  • How are the developments undertaken by various companies expected to affect the FGD systems market in the mid- to long-term?
  • What are the upcoming industry end uses of FGD systems?
  • What properties drive the use of FGD systems for each end-use industry?
  • What is the estimated size of the FGD systems market in 2020?
  • What are the alternatives to FGD systems?
  • What is the impact of COVID-19 on the FGD systems market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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TABLE OF CONTENTS

1 INTRODUCTION
    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
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS
    4.1 SIGNIFICANT OPPORTUNITIES IN THE GLOBAL FGD SYSTEM MARKET
    4.2 GLOBAL FGD SYSTEM MARKET, BY TYPE
    4.3 GLOBAL FGD SYSTEM MARKET, BY INSTALLATION
    4.4 GLOBAL FGD SYSTEM MARKET, BY APPLICATION
    4.5 GLOBAL FGD SYSTEM MARKET, BY REGION
    4.6 ASIA-PACIFIC FGD SYSTEM MARKET

5 MARKET OVERVIEW
    5.1 INTRODUCTION
    5.2 DROC ANALYSIS
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 PORTER’S FIVE FORCES ANALYSIS
    5.4  VALUE CHAIN ANALYSIS
    5.5 CASE STUDY ANALYSIS

6 COVID-19 IMPACT

7 FGD SYSTEM MARKET, EMISSION CONTROL REGULATIONS 
    7.1 INTRODUCTION
    7.2 SULFUR CONTROL REGULATIONS, BY REGION
           7.2.1 ASIA PACIFIC
           7.2.2 EUROPE
           7.2.3 NORTH AMERICA
    7.3 CONCLUSION

8 FGD SYSTEM MARKET, BY INSTALLATION
    8.1 INTRODUCTION
    8.2 GREENFIELD
    8.3 BROWNFIELD

9 FGD SYSTEM MARKET, BY TYPE
    9.1 INTRODUCTION
    9.2 WET FGD SYSTEM
           9.2.1 LIMESTONE BASED
           9.2.2 SEAWATER BASED
           9.2.3 OTHERS
    9.3 DRY & SEMI-DRY FGD SYSTEM

10 FGD SYSTEM MARKET, BY APPLICATION
     10.1 INTRODUCTION
     10.2 POWER GENERATION
     10.3 CHEMICAL
     10.4 IRON & STEEL
     10.5 CEMENT MANUFACTURING
     10.6 OTHERS

11 FGD SYSTEM MARKET, BY REGION
     10.1 INTRODUCTION
     11.2 ASIA PACIFIC
             11.2.1 CHINA
             11.2.2 JAPAN
             11.2.3 INDIA
             11.2.4 SOUTH KOREA
             11.2.5 AUSTRALIA & NEW ZEALAND
             11.2.6 REST OF ASIA PACIFIC
     11.3 NORTH AMERICA
             11.3.1 US
             11.3.2 CANADA
             11.3.3 MEXICO
     11.4 EUROPE
             11.4.1 GERMANY
             11.4.2 UK
             11.4.3 FRANCE
             11.4.4 ITALY
             11.4.5 REST OF EUROPE
     11.5 SOUTH AMERICA
             11.5.1 BRAZIL
             11.5.2 ARGENTINA
             11.5.3 CHILE
             11.5.4 REST OF SOUTH AMERICA
     11.6 MIDDLE EAST & AFRICA
             11.6.1 UAE
             11.6.2 SAUDI ARABIA
             11.6.3 QATAR
             11.6.4 KUWAIT
             11.6.5 OMAN
             11.6.6 REST OF MIDDLE EAST & AFRICA

12 COMPETITIVE LANDSCAPE
     12.1 INTRODUCTION
     12.2 MARKET SHARE ANALYSIS
     12.3 COMPETITIVE SITUATIONS AND TRENDS
     12.4 KEY MARKET DEVELOPMENTS
             12.4.1 NEW CONTRACTS/AGREEMENTS
             12.4.2 EXPANSIONS
             12.4.3 NEW PRODUCT/TECHNOLOGY DEVELOPMENTS
             12.4.4 MERGERS/JOINT VENTURES & ACQUISITIONS, 2016–2020

13 COMPANY EVALUATION MATRIX AND COMPANY PROFILES
(Overview, Financial*, Products & Services, Strategy, and Developments)
     13.1 
     13.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 
             13.2.1 MARKET SHARE/RANKING
             13.2.2 PRODUCT FOOTPRINT
             13.2.3 STAR
             13.2.4 MERGING LEADER
             13.2.5 PERVASIVE
     13.3        COMPANY EVALUATION MATRIX, 2019
     13.4        COMPANY PROFILES
             13.4.1 INTRODUCTION
             13.4.2 MITSUBISHI ELECTRIC CORPORATION, LTD.
             13.4.3 GENERAL ELECTRIC
             13.4.4 DOOSAN LENTJES
             13.4.5 BABCOCK & WILCOX COMPANY
             13.4.6 RAFAKO
             13.4.7 ANDRITZ
             13.4.8 HAMON CORPORATION
             13.4.9 FLSMIDTH & CO. A/S
             13.4.10 SIEMENS AG
             13.4.11 THERMAX LTD.
             13.4.12 MARSULEX ENVIRONMENTAL TECHNOLOGIES
             13.4.13 CLYDE BERGEMANN POWER GROUP INTERNATIONAL LTD.
             13.4.14 DUCON TECHNOLOGIES
             13.4.15 CHIYODA CORPORATION
             13.4.16 CHINA BOQI ENVIRONMENTAL (HOLDING) CO., LTD.
             13.4.17 BURNS & MCDONNELL
             13.4.18 LONJING ENVIRONMENT TECHNOLOGY CO. LTD.
             13.4.19 LAB SA
             13.4.20 VALMET
             13.4.21 KAWASAKI HEAVY INDUSTRIES, LTD.
             13.4.22 MACROTEK INC.
             13.4.23 AECOM
             13.4.24 PPEL
             13.4.25 BEIJING GUODIAN LONGYUAN ENVIRONMENTAL ENGINEERING CO.
             13.4.26 ALSTOM S.A.
             13.4.27 KC COTTRELL VIETNAM CO.,LTD.
             13.4.28 CHINA EVERBRIGHT INTERNATIONAL LIMITED
     13.5 STARTUP/SME EVALUATION MATRIX, 2019 
     13.6 STARTUP/SME PROFILES 

*Details might not be captured in case of unlisted companies.

14 APPENDIX
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS

This study involved four major activities to estimate the current size of the FGD systems market. Exhaustive secondary research was undertaken to collect information on the FGD systems market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the FGD systems value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the FGD systems market.

Secondary Research

As a part of the secondary research process, sources such as Hoovers, Bloomberg, BusinessWeek, Reuters, and Factiva were referred to for identifying and collecting information for this study on the FGD systems market. Other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the total pool of players, market classification & segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology-oriented perspectives.

Primary Research

As a part of the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the FGD systems market. Primary sources from the supply side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology & innovation directors, and related key executives from various companies and organizations operating in the FGD systems market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

Flue Gas Desulfurization Systems Market Size, and Share

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

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the FGD systems market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both, the demand and supply sides. In addition to this, the market size was validated using both, the top-down and bottom-up approaches.

Objectives of the Report

  • To define, describe, and forecast the size of the FGD systems market based on type, end-use industry, installation, and region
  • To forecast the size of the market and its segments with respect to four main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with their respective key countries
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of market leaders
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To analyze competitive developments such as agreements, expansions, and new product developments in the FGD systems market

The following customization options are available for the report:

  • Further breakdown of the Asia Pacific and Europe FGD systems markets
  • Product matrix, which provides a detailed comparison of the product portfolio of each company
  • Detailed analysis and profiles of additional market players (up to 3)
  • Further breakdown of the type and end-use industry segments into various subsegments
COVID-19

Get in-depth analysis of the COVID-19 impact on the Flue Gas Desulfurization Systems Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Flue Gas Desulfurization Systems Market

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CH 2399
Published ON
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