MARKET INTRODUCTION
Flue gas desulfurization (FGD) technology removes oxides of sulfur from the combustion of flue gases of power plants and other industrial processes that burn oil or coal for process heating and electricity generation. The FGD system utilizes an alkaline sorbent to contact the flue gases to remove SOx. Stricter emission norms and demand for electricity generation will drive the global flue gas desulfurization systems market in the coming years. Key industry players are undertaking prominent initiatives such as contracts, partnerships & agreements, and overseas business expansion to gain a competitive advantage over other industry participants.
MARKET DYNAMICS
The flue gas desulfurization systems market is projected to grow in the forecast period on account of increasing demand for electricity and robust investments in thermal power generation. Also, stringent government regulations concerning air quality norms are propelling market growth. However, emerging alternative and renewable sources of energy may impede the growth of the flue gas desulfurization systems market during the forecast period. Nevertheless, the increasing count of coal-fired plants in India and China is expected to create lucrative opportunities for the flue gas desulfurization systems market and the key players in the coming years.
MARKET SCOPE
The "Global Flue Gas Desulfurization Systems Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of flue gas desulfurization systems market with detailed market segmentation by type, installation, end user, and geography. The global flue gas desulfurization systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flue gas desulfurization systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flue gas desulfurization systems market is segmented on the basis of type, installation, and end user. Based on type, the market is segmented as dry and semi-dry FGD System and wet FGD System. On the basis of the installation, the market is segmented as greenfield and brownfield. The market on the basis of the end user is classified as chemical, cement manufacturing, iron and steel, power generation, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flue gas desulfurization systems market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The flue gas desulfurization systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting flue gas desulfurization systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the flue gas desulfurization systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the flue gas desulfurization systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from flue gas desulfurization systems market are anticipated to lucrative growth opportunities in the future with the rising demand for flue gas desulfurization systems in the global market. Below mentioned is the list of few companies engaged in the flue gas desulfurization systems market.
The report also includes the profiles of key flue gas desulfurization systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ANDRITZ AG
- Clyde Bergemann Power Group
- Doosan Lentjes
- FLSmidth A/S
- General Electric Company
- HAMON S.A.
- Marsulex Environmental Technologies
- Mitsubishi Heavy Industries, Ltd.
- Rafako SA
- Thermax Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.