[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.
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 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.
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 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).
Market Size Available for Years
Base Year Considered
Value (USD Million) Volume (Megawatt)
Type, End-use Industry, and Installation
North America, Asia Pacific, Europe, Middle East & Africa, and South America
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.
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TABLE OF CONTENTS
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
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
184.108.40.206 Key data from secondary sources
2.1.2 PRIMARY DATA
220.127.116.11 Key data from primary sources
18.104.22.168 Key industry insights
22.214.171.124 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
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
5.2 DROC ANALYSIS
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
7.2 SULFUR CONTROL REGULATIONS, BY REGION
7.2.1 ASIA PACIFIC
7.2.3 NORTH AMERICA
8 FGD SYSTEM MARKET, BY INSTALLATION
9 FGD SYSTEM MARKET, BY TYPE
9.2 WET FGD SYSTEM
9.2.1 LIMESTONE BASED
9.2.2 SEAWATER BASED
9.3 DRY & SEMI-DRY FGD SYSTEM
10 FGD SYSTEM MARKET, BY APPLICATION
10.2 POWER GENERATION
10.4 IRON & STEEL
10.5 CEMENT MANUFACTURING
11 FGD SYSTEM MARKET, BY REGION
11.2 ASIA PACIFIC
11.2.4 SOUTH KOREA
11.2.5 AUSTRALIA & NEW ZEALAND
11.2.6 REST OF ASIA PACIFIC
11.3 NORTH AMERICA
11.4.5 REST OF EUROPE
11.5 SOUTH AMERICA
11.5.4 REST OF SOUTH AMERICA
11.6 MIDDLE EAST & AFRICA
11.6.2 SAUDI ARABIA
11.6.6 REST OF MIDDLE EAST & AFRICA
12 COMPETITIVE LANDSCAPE
12.2 MARKET SHARE ANALYSIS
12.3 COMPETITIVE SITUATIONS AND TRENDS
12.4 KEY MARKET DEVELOPMENTS
12.4.1 NEW CONTRACTS/AGREEMENTS
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)
13.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
13.2.1 MARKET SHARE/RANKING
13.2.2 PRODUCT FOOTPRINT
13.2.4 MERGING LEADER
13.3 COMPANY EVALUATION MATRIX, 2019
13.4 COMPANY PROFILES
13.4.2 MITSUBISHI ELECTRIC CORPORATION, LTD.
13.4.3 GENERAL ELECTRIC
13.4.4 DOOSAN LENTJES
13.4.5 BABCOCK & WILCOX COMPANY
13.4.8 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
13.4.21 KAWASAKI HEAVY INDUSTRIES, LTD.
13.4.22 MACROTEK INC.
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.
14.1 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.
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.
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.
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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:
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.
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