Flue Gas Desulfurization Systems Market Set to Experience Phenomenal Growth from 2020 to 2026

October 26, 2021

A new report has been published by Stratview Research, titled, “Flue Gas Desulfurization Systems Market” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Flue Gas Desulfurization Systems Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.

Market segmentation

Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.

Flue Gas Desulfurization Systems Market Share: By Technology Type

Based on the technology type, the market is segmented as wet and dry. The wet flue gas desulfurization systems market is estimated to grow over 5% during the forecast period. Low sorbent material costs combined with high scrubbing & control efficiencies are some of the major underlying factors which will propel the industry growth. Strict emission standards pertaining to power generation and heavy industries will further energize the adoption of wet FGD systems. On the other hand, the dry flue gas desulfurization systems market is expected to experience strong growth on account of its low capital cost and ease of installation as compared to its available alternative. Compact design and simpler waste disposal processes are some of the major factors which advocate the adoption of these systems. Ongoing investments toward expansion of medium-scale industrial plants are further likely to bolster the product deployment over the forecast timeline.

Flue Gas Desulfurization Systems Market Share: By Application Type

Based on the application type, the market is segmented as power plants, chemical & petrochemical, cement, metal processing & mining, manufacturing, and others. The cement application segment is expected to observe significant growth during the forecast period. The SOx emissions from cement manufacturing are primarily generated in pyro processing stage during the fuel combustion. Over 90% of the SOx reduction is accomplished from installation of FGD systems at cement production plants, which drives the growth of the segment. Furthermore, robust growth across construction sector along with introduction of stringent emission standards is set to boost the demand for flue gas desulfurization systems across the cement industry.

Flue Gas Desulfurization Systems Market Share: By Region

In terms of regions, Asia-Pacific was the largest market for flue gas desulfurization systems in 2020, and is expected to maintain its dominance during the forecast period as well.  The Asia-Pacific region is likely to see an increased demand from the power generation industry as a result of the increased regulations and power production in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive landscape

Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Flue Gas Desulfurization Systems Market along with a list of Key players.

Here are few –

• Babcock and Wilcox Enterprises, Inc.,
• CECO Environmental,
• DowDuPont,
• GEA Group.,
• General Electric,
• Hamon & Cie International SA.

Report Features -

This market report includes the following features –

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints.
• Market trend and forecast analysis.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.

Custom Research:

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.

 

Author : Meha Prasad