Contracts & Agreements were Among the key Strategies Adopted by the Leading Players to Strengthen their Position in the Flue Gas Treatment Systems Market.
The flue gas treatment systems market is projected to grow from USD 53.30 Billion in 2017 to USD 69.11 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. Companies such as General Electric (US), Babcock & Wilcox Enterprises, Inc. (US), Doosan Lentjes (Germany), Mitsubishi Hitachi Power Systems, Ltd. (Japan), FLSmidth (Denmark), and Thermax Limited (India) operating in the flue gas treatment systems market have adopted both, organic as well as inorganic growth strategies such as acquisitions, expansions, and contracts & agreements to serve their customers efficiently and increase their market shares in the flue gas treatment systems market.
Contracts & agreements were among the key strategies adopted by the major players to strengthen their position in the flue gas treatment systems market between 2015 and 2017. Contracts & agreements accounted for a share of 84.0% of the total growth strategies adopted by the leading players of the flue gas treatment systems market between 2015 and 2017. Companies operating in the flue gas treatment systems market have also adopted the strategy of expansions to expand their regional presence.
General Electric (US), which is one of the leading manufacturers of flue gas treatment systems, has adopted strategies of expansions, contract & agreements, and acquisitions to ensure its growth in the flue gas treatment systems market. The company offers flue gas treatment systems through its power business segment. In November 2015, the company acquired energy business of Alstom (France). This acquisition helped General Electric (US) to strengthen its position in flue gas treatment systems market. In September 2017, the company started its operations at Unit One of Kusile’s coal power plant (South Africa). This development enabled the company to expand its reach in the African region.
Mitsubishi Hitachi Power Systems, Ltd. (Japan) is also one of the leading manufacturers of flue gas treatment systems across the globe. The company has a strong client base. It is continuously expanding its distribution networks to serve its customers efficiently. The company offers its customized products across the globe. It is focused on strengthening its position in the flue gas treatment systems market by adopting organic growth strategy of agreements. In September 2017, the company received an order from Nikola Tesla coal-fired power plant (Serbia) to supply flue gas desulfurization systems. This agreement is expected to help the company increase its share in the flue gas treatment systems market.
Related Reports:
Flue Gas Treatment Systems Market by Pollutant Control System (Particulate Control, FGD, DeNOx, Mercury Control), Business Type (System, Service), End-Use Industry (Power, Cement, Iron & Steel), and Region - Global Forecasts to 2022
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