San
Francisco, 29 April , Flue Gas
Desulfurization (FGD) Market Size, Share & Trends Analysis Report By
Technology (Wet FGD Systems, Dry FGD Systems), By Application (New Systems,
Reagents & Replacements), And Segment Forecasts, 2012 - 2020
The global flue gas desulfurization market size is expected to reach USD 23.69 billion by
2020, according to a new report by Grand View Research, Inc. Growing industrial
sector around the globe is expected to drive the market.
Rise in infrastructure
investment is of major importance to developing as well as developed economies,
especially for sustainable development. The infrastructure sector in India, for
instance, witnessed 33 deals worth USD 3.49 billion in the financial year
2016-17, wherein majority of deals were by the roads, power, and renewable
sectors. The government of India has also planned to invest USD 7.07 billion
for development of northeastern states bordering China, Bangladesh, Myanmar,
and Bhutan. This is expected to drive the demand for cement, which will subsequently
boost the demand for flue gas desulfurization (FGD).
Increased demand for
electricity in regions such as North America and Asia Pacific is expected to
boost the FGD market. Stringent regulations regarding emission of harmful gases
from manufacturing industries is expected to further propel the market over the
forecast period.
The chemical sector in Asia
Pacific is expanding at a significant pace, propelling the demand for FGD
systems. The booming metal smelting and cement manufacturing industries in the
region are also contributing to the growth of the market.
Access Full Research
Report On Flue Gas Desulfurization (FGD) Market Analysis:
Further key findings from the report suggest:
·
In terms of revenue, the wet
FGD systems technology segment is anticipated to reach USD 9.54 billion by
2020, at a CAGR of 5.0% from 2014 to 2020. Dry FGD systems, on the other hand,
will exhibit a CAGR of 5.5% over the forecast period
·
By application, new systems
dominated the global flue gas desulfurization market with a share of 51.5% in
2013
·
The North America flue gas
desulfurization market is anticipated to reach USD 4.42 billion by 2020. Asia
Pacific, on the other hand, is projected to witness a remarkable CAGR of 7.7%
over the forecast period, owing to rapid developments in the industrial sector
·
Some of the key companies
present in the market are Alstom S.A.; China Boqi; Babcock and Wilcox Company;
Chiyoda Corporation; Ducon Technologies Inc.; Hitachi Power System America
Ltd.; Hamon Research-Cottrell; Lonjing Environment Technology Co. Ltd.;
Marsulex Environmental Technologies; Mitsubishi Heavy Industries, Ltd.; Siemens
Energy; and Thermax.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented the
global flue gas desulfurization market on the basis of technology, application,
and region:
Flue Gas Desulfurization
Technology Outlook (Revenue, USD Million, 2012 - 2020)
·
Wet Flue Gas Desulfurization
System
·
Dry Flue Gas Desulfurization
System
Flue Gas Desulfurization
Application Outlook (Revenue, USD Million, 2012 - 2020)
·
New Flue Gas Desulfurization
Systems
·
Reagents & Replacements
Flue Gas Desulfurization
Regional Outlook (Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/flue-gas-desulfurization-fgd-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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