According to a new market study published by Transparency Market Research, the global flue gas desulfurization market will rise at a CAGR of 5.8% between 2013 and 2019. The market’s valuation of US$14.89 bn in 2012 will rise to US$22.18 bn by 2019. The title of this report is, “Flue Gas Desulfurization Market - Global FGD Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019,” and is available for sale on the company’s website.
The report analyzes the market size of flue gas desulfurization systems by revenue. The report provides data for all segments at a global and regional level for a forecast period from 2012 to 2019. The flue gas desulfurization market has been segmented on the basis of technology, application, and geography.
Flue gas desulfurization (FGD) systems are used to remove harmful sulfur dioxide emissions from flue gas. The desulfurization of flue gas helps in lowering greenhouse gas and SO2 emissions.
Conventional power plants that utilize fossil fuels such as coal emit sulfur dioxide with flue gas; SO2 has harmful effects on the environment in the form of acid rain. Thus, flue gas desulfurization systems are widely used to remove sulfur dioxide from flue gas. These systems incorporate processes that are meant to reduce harmful SO2 emissions as laid down by new mandates to curb environmental pollution.
Owing to increasing SO2 concentrations in the atmosphere, rising concerns pertaining to environmental degradation among various government organizations are boosting the growth of the flue gas desulfurization market. In addition, the ever-increasing electricity demand is another major factor propelling this market. This is because coal is majorly used for electricity production, which releases harmful pollutants that requires flue gas desulfurization systems. The need to replace worn out FGD components on a yearly basis for the smooth functioning of industrial units is another major factor driving this market.
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On the basis of application, new FGD systems and reagents and replacements are the key segments of this market. The segment of reagents and replacements accounts for a significant share in the FGD market.
By technology, new FGD systems are divided into dry and wet FGD systems. Of the two, wet FGD systems were predominantly used for the installation of FGD systems in 2012. The segment held a share of more than 84% in the global market and is expected to retain its dominance in the coming years. Cost-wise, dry FGD systems are economical over wet FGD systems; however, they exhibit a high maintenance cost in comparison to their counterpart wet FGD systems.
Region-wise, Asia Pacific led the global FGD market in 2012; the region held a share of 54.38% in the global market in the same year. China, India, Indonesia, Japan, and Thailand are key regional markets for FGD in Asia Pacific. Rapid industrialization in these countries is resulting in a consistently rising demand for electricity, which is largely produced from coal-fired power plants. Thus, these regions will exhibit a higher demand for FGD for SO2 emissions.
The global FGD market is segmented as follows:
Flue Gas Desulfurization Market: Application Analysis
- New Flue Gas Desulfurization Systems
- Reagents and Replacement market
New Flue Gas Desulfurization Systems Market: Technology Analysis
- Wet FGD systems
- Dry FGD systems
Flue Gas Desulfurization Market: Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest of the World (Middle East, Africa and Brazil)
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