The Europe flue gas desulfurization market was valued at US$ 2,523.25 million in 2019 and is projected to reach US$ 3,761.09 million by 2027; it is expected to grow at a CAGR of 5.3% during 2020–2027.
Flue gas desulfurization is a system with a set of technologies used to remove sulphur dioxide (SO2) from the flue gases emitted by the power plants. The stringent environmental regulations mostly focusing on controlling the excessive sulphur dioxide emissions are increasing the demand for flue gas desulfurization systems. Further, rapid industrialization and strategic initiative taken by the manufacturers are expected to propel the growth of the Europe flue gas desulfurization market. Additionally, technological advancements in the design of FGD systems are expected to offer lucrative opportunities for the market growth.
Based on type, the Europe flue gas desulfurization market is bifurcated into dry FGD and wet FGD. The wet FGD segment accounted for a larger market share in 2019, and the market for the dry FGD segment is expected to grow at a higher CAGR during the forecast period. Dry flue gas desulfurization (dry FGD) equipment includes many technologies in which SOx reacts with limestone particles in a humid environment to form sulphite. The dry FGD processes comprise furnace/duct sorbent injection using sodium/calcium-based reagent and the spray drier absorber (SDA) technology using slaked lime or limestone a reagent. The spray drier absorber system uses a central gas disperser, a roof gas disperser for dispersing flue gas, and an atomizer to spray the reagent slurry. Inside the SDA system, limestone slurry is atomized and sprayed over flue gas to absorb SOx. The dry product hence formed is collected in an electrostatic precipitator (ESP). The dry FGDs are economically more feasible for smaller power producing units. The dry FGD system provides proper chemistry and conditions to simultaneously absorb acid gases, sulfur dioxide, and associated heavy metals. This advanced, multi-pollutant control technology improves reagent usage, reduces water consumption, and produces no wastewater streams. Dry flue gas emissions systems have been used for controlling SOx emission and multi-pollutant for many decades across many power plants and end-use sectors such as petrochemical, iron and steel, and pulp and paper.
By country, the Europe flue gas desulfurization market is segmented into Germany, France, Italy, the UK, Russia, and rest of Europe. Europe is a well-established market for flue gas desulfurization owing to well-established end-use industries such as power plants, iron and steel plants, and many others. The region has stringent regulations associated with the emission of sulfur oxides. Moreover, the rising demand for power, along with dependence on coal for energy generation, would provide more traction to the growth of the Europe flue gas desulfurization market in the coming years. Also, factors such as rapid industrialization in emerging countries in the region, technological advancements in the design of high performing FGD systems, and decreasing cost of FGD systems are estimated to offer lucrative opportunities for the market players. Europe is a base for the leading market players such as Hamon Group, RAFAKO, Doosan Lentjes who deal with the production of flue gas desulfurization systems. The increasing competition among the producers, processors, and importers has further driven the growth of the Europe flue gas desulfurization market. Supportive and favorable government regulations, and the presence of a manufacturing hub along with the growing demand for flue gas desulfurization from the power generation and other industrial sectors are stimulating the development of the market.
Chiyoda Corporation; Ducon; General Electric; S.A Hamon; Mitsubishi Heavy Industries, Ltd.; Rafako S.A; Valmet; Doosan Lentjes; Babcock and Wilcox Enterprises, Inc.; and Marsulex Environmental Technologies are among the major players operating in the Europe flue gas desulfurization market.
The COVID-19 pandemic has been adversely affecting economies and industries in various European countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of chemicals and materials industry and disruptions in supply chains due to lockdown have created a strain on the supplies of the various products offered by this industry, which is impacting the growth of the Europe flue gas desulfurization market in a positive manner. The government of European countries have asked the chemicals and materials manufacturers to delay their production, which would hinder the supply of flue gas desulfurization across Europe in the coming years.
The overall Europe flue gas desulfurization market size has been derived in accordance to both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe flue gas desulfurization market.