Report Overview

Global Flue Gas Desulfurization System Market- Industry Trends & Forecast Report 2028

The global flue gas desulfurization system market was worth USD 19.4 billion in 2021 and is further projected to reach USD 27.5 billion by the year 2028, growing at a CAGR of 5.20% during the forecast period. The growth of the flue gas desulfurization system market is attributed to rising electricity consumption along with increasing investment towards establishing new thermal power generation plants. Furthermore, the surging application of the FGD system in various industries including agriculture, water treatment, etc., also acts as a major driving factor for market growth.

Flue Gas Desulfurization System - Overview

The process of eliminating sulfur dioxide (SO2) from flue gas generated in boilers and furnaces is known as flue gas desulfurization (FGD). It assists in efficiently addressing emerging environmental concerns and regulating plant emissions. FGD can be done in either a wet or dry manner. Dry FGD, for example, uses lime as a reagent to react with gaseous contaminants and eliminate them. Wet FGD, on the other hand, involves the use of an alkaline-based lime slurry to scrub gasses.

Flue Gas Desulfurization System Market Forecast and Trends

Growth Drivers

Concerning Level of Sulphur Oxide Emission in Environment

Sulfur oxide is among the major causes of air pollution. It mainly originates from electric utilities, especially those that run on coal. The high concentration of sulfur oxide in the environment can prove to be harmful to the lungs and may cause breathing problems. Furthermore, it can cause severe medical conditions such as asthma and bronchitis, if inhaled regularly. As a result, the focus towards management and controlling of sulfur oxide is rising, propelling the flue gas desulfurization system market growth.

High Dependence on Coal for Power Generation

The burning of fossil fuels is one of the major sources of sulfur oxide. This is very prominent in power plants and other industrial facilities, especially in emerging economies. According to the International Energy Agency, coal provides one-third of global electricity and plays a crucial role in industries such as iron and steel. And around 80 countries now produce electricity from coal. Due to this, the sulfur oxide levels are increasing, propelling the demand for solutions such as flue gas desulfurization systems for the management of these levels.

Restraints

Increasing Adoption of Greener Energy Sources

The need to utilize renewable energy sources for sustainability has been characterized by a cleaner, cooler, and healthier environment, and so the reliance on carbon fuels is reducing. Countries are pursuing renewable energy sources such as hydropower, offshore and onshore wind, solar photovoltaic, and biofuels. This is the primary impediment to the expansion of coal-fired power plants, and as a result, the demand for FGD systems is declining strongly.

Impact of COVID-19 on Flue Gas Desulfurization System Market

The global flue gas desulfurization system market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. The restrictions on the manufacturing and production operations worldwide resulted in a stark decline in pollution levels. Energy consumption also registered a significant decline during this period. Furthermore, the flue gas desulfurization system installation projects were also postponed during the lockdown period due to the limited availability of resources.

Flue Gas Desulfurization System Market - By Type

Based on type, the global flue gas desulfurization system market is segmented into wet FGD systems, dry & semi-dry FGD systems. The west FGD systems segment holds the largest share in the flue gas desulfurization system market. Wet FGD systems have the highest SOx removal efficiency (greater than 90%), whereas dry FGD systems have the lowest (about 80%). Wet systems account for more than 85 percent of all FGD systems implemented worldwide, owing to reduced reagent and operational costs, more fuel flexibility, and the possibility of using by-products.

Flue Gas Desulfurization System Market - By Installation

Based on installation, the flue gas desulfurization system market is segmented into greenfield and brownfield. The greenfield segment accounts for the largest market share owing to its lower cost and risk compared to brownfield. Greenfield sites are often at the edges of the cities where the land is cheaper, which is why most flue gas desulfurization system sites are situated in these installation spaces.

Flue Gas Desulfurization System Market - Regional Insights

Geographically, the global flue gas desulfurization system market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. As a result of higher regulations and power output in the area, the Asia Pacific FGD systems market will experience rising demand from the power generation industry. In 2020, the power generating industry consumed the most FGD in the Asia Pacific area, accounting for the largest share of the Asia Pacific FGD systems market.

Competitive Landscape

The leading market players of the flue gas desulfurization system market are Alstom S.A., Thermax Ltd, Andritz AG, Mitsubishi Hitachi Power Systems Ltd, Babcock & Wilcox Enterprises Inc., John Wood Group PLC, Ducon Technologies Inc., Hamon Corporation, Fujian Longking Co. Ltd, General Electric Company, Chiyoda Corporation, Doosan Lentjes, Rafako S.A., Wuhan Kaidi Electric Power Environmental Co., Ltd., Tri-Mer Corporation, CECO Environmental, Nederman Mikropul, AMEC Foster Wheeler, Marsulex Environmental, and other prominent players.

The flue gas desulfurization system market is slightly fragmented with the presence of several industry players. The companies constantly adopt competitive strategies such as partnerships, mergers, acquisitions, collaborations, to advance their offering and establish themselves as leading players.

Scope of the Report

By Type

• Wet FGD Systems
• Dry & Semi-Dry FGD Systems

By Installation

• Greenfield
• Brownfield

By End-Use Industry

• Power Generation
• Chemical
• Iron & Steel
• Cement Manufacturing
• Others

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Latin America (LATAM)
• Middle East & Africa (MEA)

1. Research Framework
   1. Research Objective
   2. Technology Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Flue Gas Desulfurization System Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Flue Gas Desulfurization System Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
         1. Wet FGD System
         2. Spray Dry FGD System
         3. Dry FGD System
      2. By Installation
         1. Green Field
         2. Brownfield
      3. By End-Use
         1. Power Generation
         2. Chemical
         3. Iron & Steel
         4. Cement Manufacturing
         5. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia-Pacific
         4. Latin America
         5. The Middle-East and Africa
6. North America Flue Gas Desulfurization System Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By End-Use
      4. By Country
         1. United States
         2. Canada
7. Europe Flue Gas Desulfurization System Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By End-Use
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. Asia Pacific Flue Gas Desulfurization System Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By End-Use
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Flue Gas Desulfurization System Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By End-Use
      4. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. Middle East & Africa Flue Gas Desulfurization System Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Technology
       2. By Installation
       3. By End-Use
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global Flue Gas Desulfurization System Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Andritz AG
    2. Babcock & Wilcox Enterprises Inc.
    3. China Everbright International Ltd.
    4. Chiyoda Corporation
    5. Doosan Lentjes GmbH
    6. Ducon Technologies Inc.
    7. FLSmidth & Co.
    8. General Electric Company
    9. Hamon Group
    10. Kawasaki Heavy Industries Ltd.
    11. Lab SA
    12. Macrotek Inc.
    13. Marsulex Environmental Technologies
    14. Mitsubishi Heavy Industries Ltd.
    15. Rafako SA
    16. Rudis Trbovlje
    17. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1    Global Flue Gas Desulfurization System Segmentation

Figure 2  Global Flue Gas Desulfurization System Market Value Chain Analysis

Figure 3     Global Flue Gas Desulfurization System Market, Company Market Share Analysis, 2021

Figure 4     Global Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 5    Global Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 6    Global Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 7   Global Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 8   Global Flue Gas Desulfurization System Market Share, By Region, By Value, 2018-2028

Figure 9   North America Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 10 North America Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 11 North America Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 12 North America Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 13 North America Flue Gas Desulfurization System Market Share, By Country, By Value, 2018-2028

Figure 14 Europe Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 15 Europe Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 16 Europe Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 17 Europe Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 18 Europe Flue Gas Desulfurization System Market Share, By Country, By Value, 2018-2028

Figure 19 The Asia-Pacific Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 20 The Asia-Pacific Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 21 The Asia-Pacific Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 22 The Asia-Pacific Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 23 The Asia-Pacific Flue Gas Desulfurization System Market Share, By Country, By Value, 2018-2028

Figure 24 Latin America Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 25 Latin America Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 26 Latin America Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 27 Latin America Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 28 Latin America Flue Gas Desulfurization System Market Share, By Country, By Value, 2018-2028

Figure 29 The Middle East & Africa Flue Gas Desulfurization System Market Size, By Value (USD Million), 2018-2028

Figure 30 The Middle East & Africa Flue Gas Desulfurization System Market Share, By Technology, By Value, 2018-2028

Figure 31 The Middle East & Africa Flue Gas Desulfurization System Market Share, By Installation, By Value, 2018-2028

Figure 32 The Middle East & Africa Flue Gas Desulfurization System Market Share, By End-Use, By Value, 2018-2028

Figure 33 The Middle East & Africa Flue Gas Desulfurization System Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1  Global Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 2  Global Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 3  Global Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 4  Global Flue Gas Desulfurization System Market Size, By Region, By Value, 2018-2028

Table 5  North America Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 6  North America Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 7  North America Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 8  North America Flue Gas Desulfurization System Market Size, By Country, By Value, 2018-2028

Table 9  Europe Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 10 Europe Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 11 Europe Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 12 Europe Flue Gas Desulfurization System Market Size, By Country, By Value, 2018-2028

Table 13 Asia-Pacific Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 14 Asia-Pacific Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 15 Asia-Pacific Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 16 Asia-Pacific Flue Gas Desulfurization System Market Size, By Country, By Value, 2018-2028

Table 17 Latin America Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 18 Latin America Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 19 Latin America Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 20 Latin America Flue Gas Desulfurization System Market Size, By Country, By Value, 2018-2028

Table 21 Middle East & Africa Flue Gas Desulfurization System Market Size, By Technology, By Value, 2018-2028

Table 22 Middle East & Africa Flue Gas Desulfurization System Market Size, By Installation, By Value, 2018-2028

Table 23 Middle East & Africa Flue Gas Desulfurization System Market Size, By End-Use, By Value, 2018-2028

Table 24 Middle East & Africa Flue Gas Desulfurization System Market Size, By Country, By Value, 2018-2028

Table 25 Andritz AG Company Overview

Table 26 Andritz AG Financial Overview

Table 27 Babcock & Wilcox Enterprises Inc. Company Overview

Table 28 Babcock & Wilcox Enterprises Inc. Financial Overview

Table 29 Chiyoda Corporation Company Overview

Table 30 Chiyoda Corporation Financial Overview

Table 31 Doosan Lentjes GmbH Company Overview

Table 32 Doosan Lentjes GmbH Financial Overview

Table 33 FLSmidth & Co. Company Overview

Table 34 FLSmidth & Co. Financial Overview

Table 35 Hamon Group Company Overview

Table 36 Hamon Group Financial Overview

Table 37 Kawasaki Heavy Industries Ltd. Company Overview

Table 38 Kawasaki Heavy Industries Ltd. Financial Overview

Table 39 Lab SA Company Overview

Table 40 Lab SA Financial Overview

Table 41 Marsulex Environmental Technologies Company Overview

Table 42 Marsulex Environmental Technologies Financial Overview

Table 43 Mitsubishi Heavy Industries Ltd. Company Overview

Table 44 Mitsubishi Heavy Industries Ltd. Financial Overview

Table 45 Rafako SA Company Overview

Table 46 Rafako SA Financial Overview

Table 47 Ducon Technologies Inc. Company Overview

Table 48 Ducon Technologies Inc. Financial Overview

Table 49 General Electric Company Overview

Table 50 General Electric Company Financial Overview

Table 51 Macrotek Inc. Company Overview

Table 52 Macrotek Inc. Financial Overview

Table 53 China Everbright International Ltd Company Overview

Table 54 China Everbright International Ltd Financial Overview

Table 55  Rudis Trbovlje Company Overview

Table 56  Rudis Trbovlje Financial Overview