Flue Gas Desulfurization Systems Market Outlook - 2026 | Covid-19 Impact Analysis

The global flue gas desulfurization (FGD) systems market size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%. Flue gas desulfurization systems are used to remove sulfur dioxide (SO2) contained in gases formed by the ignition of fossil fuels including coal, oil, automobile tires, municipal solid waste, and several other industrial processes, which include cement, gasoline refining, glass, paper, iron, steel, and copper manufacturing. SO2 releases are a chief contributor to acid rains and have been regulated by each industrial country globally.

The increase in popularity of FGD systems in the growing cement and chemical manufacturing industries is also expected to garner to the growth of the global flue gas desulfurization systems market. In addition, growth in awareness about the consequences of air pollution on health among the people and governments of different countries enhances the demand for flue gas desulfurization (FGD) systems; thereby, catering to the development of the market. 

The major flue gas desulfurization systems market players are trying to expand and develop their product portfolios to efficiently eliminate the flue gases from industrial plants. For instance, Mitsubishi Hitachi Power Systems, Ltd. based in Japan deals in FGD systems such as wet limestone-gypsum FGD system and seawater FGD system to eliminate SO2 from flue gases generated by furnaces, boilers, and other sources. The Wet Limestone-Gypsum FGD system is of two types, which include double contact flow scrubber (DCFS) and spray tower scrubber.

Technological advancements by manufacturers such as GE Power, Thermax, S.A. HAMON, MHPS, and others have increased the demand for flue gas desulphurization system products. For instance, ANDRITZ deals in advanced limestone FGD units that are cost-effective and efficient solutions to scrub SO2 and dust while preserving energy inputs to a minimum level. In addition, Carmeuse established new technologies Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS) which can remove 98% SO2 on 2.5% sulfur coal. These technologies consecutively recycle SO2 from flue gas through proprietary regenerable aqueous amine-based solvents. Hence, such technological advancements are predicted to offer lucrative opportunities for flue gas desulphurization system manufacturers.

The global flue gas desulfurization systems market is segmented into technology, application, and region. Depending on technology, the market is divided into wet FGD systems, spray dry FGD system, and dry FGD system. Wet FGD systems segment is anticipated to dominate the global flue gas desulfurization systems market throughout the study period. By application, the market is segregated into power plants, cement, metal processing & mining, manufacturing, and chemicals. The power plants segment is expected to dominate the market during the forecast period. 

By Region

Region wise, the flue gas desulfurization systems market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the Netherlands, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period and LAMEA is anticipated to exhibit the highest CAGR.

Key Players

Competitive analysis and profiles of the major flue gas desulfurization systems market players, such as Mitsubishi Hitachi Power Systems, Ltd (MHPS), Inc., Babcock & Wilcox Enterprises, Inc., GEA Group Aktiengesellschaft, HAMON Group, Thermax Ltd., GE Power, and others are provided in this report. The key strategies adopted by these players from 2017 to 2019 were acquisition and business expansion.

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