HOME Research Insight Mitsubishi Heavy Industries (Japan) and General Electric (US) are the Leading Player in the Flue Gas Desulfurization Systems Market



Mitsubishi Heavy Industries (Japan) and General Electric (US) are the Leading Player in the Flue Gas Desulfurization Systems Market


The flue gas desulfurization (FGD) system market is projected to reach USD 21.00 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The Asia Pacific region is expected to lead the FGD system market in 2017. The major drivers for the growth of the Asia Pacific FGD system market are increasing number of coal-fired power generation plants and cement manufacturing units in the region. The FGD system market in this region is growing considerably, and India is projected to be a major hotspot for the FGD system market during the forecast period.

Mitsubishi Heavy Industries (Japan), General Electric (US), Doosan Lentjes (Germany), Babcock & Wilcox (US), RAFAKO (Poland), Siemens (Germany), FLSmidth (Denmark), Hamon Corporation (US), Clyde Bergemann Power Group (UK), Marsulex Environmental Technologies (US), Thermax (India), and ANDRITZ (Austria), among others are the key players operating in the FGD system market. These leading market players have adopted multiple growth strategies such as contracts & agreements, expansions, acquisitions, and joint ventures between 2013 and 2017 to strengthen their position in the FGD system market.

Mitsubishi Heavy Industries is a leading player operating in the FGD system market. The company has a wide product portfolio and offers both, wet and dry type of FGD systems. It has undertaken various growth strategies such as agreements and joint ventures between 2013 and 2017 to enhance its position in the FGD system market. For instance, in September 2017, Mitsubishi Hitachi Power Systems (MHPS) received an order from Nikola Tesla coal-fired power plant (Serbia) for the installation of two sets of FGD systems. These FGD systems expected to be among the world’s largest FGD systems. These FGD systems are expected to reduce emissions of sulfur dioxide (SO2) and particulates to meet the environmental standards set by the European Union. These systems are scheduled to begin their operations from the first half of 2021.

General Electric, which is another leading player in the FGD system market, has been focusing on inorganic growth strategies such as expansions and acquisitions to expand its presence across the globe. For instance, in November 2015, General Electric acquired the energy business of Alstom for USD 10.60 billion. This acquisition enabled General Electric to control the energy business of Alstom in over 20 countries across different regions. Moreover, this development also enabled General Electric to expand its area of operation and enhance its geographical presence.

Doosan Lentjes has a strong brand image and extensive product portfolio. The well-established sales and distribution networks of the company have led to its increased geographical reach to new and untapped markets. In August 2016, the company in a consortium with Polimex Energetyka (a company within the Polimex-Mostostal Capital Group) received a contract worth USD 23.2 million for the construction of the semi-dry FGD system plant with the dry ash distribution system using the turnkey formula at Pomorzany Power Plant (Poland). This development further strengthened the presence of the company in the Europe FGD system market.

Related Reports:

Flue Gas Desulfurization (FGD) System Market by Installation (Greenfield, Brownfield), Type (Wet FGD System, Dry & Semi-Dry FGD System), End User (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), and Region - Global Forecast to 2022

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