Global Flue Gas Desulfurization (FGD) Market Size Expected To Reach 18.9 $Billion By 2020

Date: 2016-09-26

Flue-gas desulfurization (FGD) is a set of technologies used to remove sulfur dioxide (SO2) from exhaust flue gases of fossil-fuel power plants, and from the emissions of other sulfur oxide emitting processes.

Thanks to the increase in demand for the flue gas desulfurization system in Asia-Pacific, the Flue-gas desulfurization (FGD) market is projected to grow from USD 13.7 Billion in 2015 to USD 18.9 Billion by 2020, at a CAGR of 4.8% between 2016 and 2020.

In terms of geography, Asia pacific region is global largest market for the Flue-gas desulfurization (FGD), the growth in the Asia-Pacific region is driven due to the stringent air emission standards required to be followed by coal-based thermal power plants in China and India. The Asia pacific is expected to grow at highest CAGR of 6.1% over 2015-2020.

On the basis of type, the flue gas desulfurization system market has been segmented into the wet FGD system, and the dry & semi-dry FGD system. The wet FGD system was the largest segment of the market in 2015 whereas, the dry & semi-dry FGD system segment is estimated to project a higher growth rate from 2016 to 2021. Typically, in the same plant size, dry & semi-dry FGD systems are cheaper than wet FGD systems, but have less SO2 removal efficiency. Hence, low cost is the prime reason for the adoption of the dry & semi-dry FGD system.

Global top players in the flue gas desulfurization system market include Alstom SA (France), Babcock & Wilcox Enterprises, Inc. (U.S.), FLSmidth & Co. A/S (Denmark), Hamon Corporation (London), Siemens AG (Germany), and Clyde Bergemann Power Group (U.S.), Burns & Mcdonnell (U.S.), Marsulex Environmental Technologies (U.S.), Mitsubishi Electric Corporation, Ltd. (Japan), and Thermax Limited (India).

Flue Gas Desulfurization (FGD) market share by type as following:


Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample