市场调查报告书
商品编码
1076133
全球烟气脱硫设备市场:按技术,安装位置,最终用途,地区(北美,欧洲,亚太地区,拉丁美洲,中东/非洲),趋势分析,竞争市场份额和预测2018-2028Global Flue Gas Desulfurization System Market, By Type, By Installation, By End-Use Industry, By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028 |
2021年全球烟气脱硫设备市场规模达到194亿美元。预计从 2022 年到 2028 年,其复合年增长率为 5.20%,到 2028 年达到 275 亿美元。市场的增长是由能源需求增加、新火电厂建设投资增加以及各行业烟气脱硫设备使用增加推动的。
本报告调查了全球烟气脱硫设备市场,并提供了市场概况,以及技术、安装位置、最终用途、区域趋势、竞争形势和进入市场的公司概况。Flue Gas Desulfurization System Market to Cross USD 27.5 Billion by 2028
The global flue gas desulfurization system market is growing at a high CAGR because of the rising energy demand and increased investment in the construction of new thermal power plants along with the growing use of FGD systems in a variety of industries…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global flue gas desulfurization system market was worth USD 19.4 billion in the year 2021. The market is projected to grow at a CAGR of 5.20%, with revenues crossing USD 27.5 billion by the end of 2028. The market for flue gas desulfurization systems is expected to rise due to rising energy demand and increased investment in the construction of new thermal power plants. Furthermore, the growing use of FGD systems in a variety of industries, including agriculture and water treatment, is a key driver of market expansion. However, increasing the adoption of renewable and greener energy resources may act as a major restraining factor for market growth.
Increasing Investment Towards Environment-Friendly Structures is Driving Flue Gas Desulfurization System Market
The global flue gas desulfurization system is one of the major environmental investments the government in various countries are investing in. These systems offer various environmental and health benefits such as improving visibility and reducing acidic deposition. The acidic deposition can affect freshwater habitats, degrade soil quality (due to nitrogen leaching), and hinder wood development. With the increasing government expenditure towards environment-friendly structures, the demand for flue gas desulfurization systems is anticipated to surge in the forecast period.
Rising Demand for Electricity is Propelling Flue Gas Desulfurization System Market Growth
The increasing demand for electricity due to the rising population and penetration of electronic devices is influencing higher electricity production. Most emerging economies such as China, India, etc., are highly dependent on coal-based electricity production, which releases huge amounts of sulfur oxide into the environment. With increasing electricity production, the level of sulfur oxide is anticipated to surge only. Due to this, the government is increasingly investing in solutions such as the flue gas desulfurization system, which is propelling its market growth.
Flue Gas Desulfurization System Market - By End-User
Based on end-user, the global flue gas desulfurization system market is segmented into power generation, chemical, iron & steel, cement manufacturing, and others. The power generation segment accounts for the largest market share. Due to the use of high sulfur content coals in power plants, coal-fired power plants are the primary source of sulfur pollution. As a result, the power generating segment's dominance over other end-use industries is due to increased power generation.
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 greatest proportion of the Asia Pacific FGD systems market.
Impact of COVID-19 on Flue Gas Desulfurization System Market
The 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.
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.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the flue gas desulfurization system market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the flue gas desulfurization system market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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