Flue Gas Desulphurization Market Latest Trends, Revenue Growth Rate And Application Scope | Fortune Business Insights

(The Express Wire via Comtex)

Top Players in Flue Gas Desulphurization Market are Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., General Electric Company, Kawasaki Heavy Industries Limited, Transparent Technologies Pvt, Ltd., Ducon Infratechnologies Limited, Tsukishima Kikai Co., Ltd, Valmet Oyj, KSB SE & Co. KGaA, IDE Technologies, Suez SA, Teijin Engineering Limited, RPM Solutions, Inc., Whizz Engineering Services Pvt. Ltd and KEPCO Engineering and Construction Company. Inc

Growing need to reduce environmental pollution caused by thermal power plants will be the key factor driving the global flue gas desulphurization market during the forecast period. Flue gas or exhaust gas refers to a gas that is emitted from combustion facilities and contains residual substances such as Sulphur and nitrogen oxides and particulate matter which react with air and form harmful compounds. For example, flue gas released from the burning of coal may contain hydrogen fluoride and hydrogen chloride along with other heavy metal derivatives which can react with air and turn carcinogenic. Thus, this not only harms the environment but is also detrimental to human health. As a result, governments in many countries have put in place strict regulations regarding gas emissions from factories and other industrial plants. Flue gas desulphurization process is an important factor contributing to the lowering of carbon emissions and promoting sustainable development measures.

To gain more insights into the market, click here https://www.fortunebusinessinsights.com/industry-reports/flue-gas-desulphurization-system-market-100960

Fortune Business Insights covers some of the key players in the flue gas desulphurization market:

  • Kawasaki Heavy Industries Limited
  • Siemens AG
  • KEPCO Engineering and Construction Company
  • Suez SA
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Tsukishima Kikai Co., Ltd
  • Transparent Technologies Pvt, Ltd.
  • RPM Solutions, Inc.
  • General Electric Company
  • IDE Technologies

Key Market Driver High efficiency of wet flue gas desulphurization system ranging up to 90%

Key Market Restraint Availability of alternative technology

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/flue-gas-desulphurization-system-market-100960

Fortune Business Insights, through its report, titled “Flue Gas Desulphurization System Market Size, Share and Global Trend By Type (Wet Gas, Dry Gas), By End Use (Power Plant, Chemical and Petrochemical, Cement, Metal Processing and Mining, Others) and Geography Forecast till 2026”, shares a comprehensive analysis of the factors and dynamics that will determine the future of the market. Additionally, the report also provides a detailed assessment of the regional and competitive trends that will influence the market during the forecast period.

Rising Awareness of the Dangers Posed by Sulphur Dioxide to Spur Action

According to the US Environment Protection Agency (EPA), coal burning in power plants and emissions from other industrial establishments are the largest sources of Sulphur Dioxide (SO2) in the atmosphere. This gas is known to mix with air molecules and cause acid rain. With coal power generation dominating the world scene, emission of this gas is bound to grow steadily. Awareness regarding long-term health effects of the gas, particularly respiratory disorders, in children is rising. As a result, demand for wet flue gas desulphurization systems is rising and they are being increasingly implemented in thermal power plants. This is mainly on account of the higher efficiency in removing SO2 at 90% as compared to other systems. Lastly, these systems are expected to positively impact the flue gas desulphurization market trends during the forecast period.

Expanding Chemical Industry to Favour the Market in Asia-Pacific; Europe to Register Steady Growth

In Asia-Pacific, the market is expected to grow significantly owing to the healthy expansion of the chemical industry, particularly in China and India. Moreover, these countries have made ambitious commitments to reduce emissions due to which their governments are strictly regulating pollution levels. In Europe, the market will see a smooth rise on account of well-established chemical industry. Being the prime regions for oil and gas exploration, Africa and the Middle East will grow substantially in the forecast period. North America will exhibit impressive growth owing to the stringent implementation of environmental norms in the region. Besides this, industries in the region are readily adopting flue gas desulphurization processes as environmental awareness is high in this region.

Ask for customization https://www.fortunebusinessinsights.com/enquiry/customization/flue-gas-desulphurization-system-market-100960

Signing of Technology-Sharing Agreements to Spruce Up Competition

Major companies are bagging technology-exchange contracts and diversifying their product portfolio as well as strengthening their hold in the market. For instance, GE Power was granted a USD 47 million contract in October 2018 from the National Thermal Power Corporation of India. Under the contract, GE would set up India’s first flue gas desulphurization system in Telangana for its Super Thermal Power Project. Similarly, Detmarovice Thermal awarded a contract to Mitsubishi Hitachi Power in May 2019 to renovate the former’s flue gas desulphurization system. The contract will also require Mitsubishi to share advanced technologies to enable Detmarovice to comply with European emission norms.

Segmentation

1. By Type

  • Wet Gas
  • Dry Gas

2. By End-Use

  • Power Plant
  • Chemical and Petrochemical
  • Cement
  • Metal Processing and Mining
  • Others

3. By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and Rest of the Middle East and Africa)

Have Any Query? Ask Our Experts https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/flue-gas-desulphurization-system-market-100960

Major Table of Content ForFlue Gas Desulphurization SystemMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  6. North America Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  7. Europe Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  10. Latin America Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

View Related Reports:

Wireline Services Market anticipated to reach 14 Bn by 2026

Field-Erected Cooling Towers Market to Rise at A CAGR of 4.67%; Rising Construction of New Plants Will Favor Growth

Offshore Inspection, Repair, and Maintenance Market to Reach USD 17.33 billion by 2026; Rising Investment in Increasing Offshore Wind Capacity to Favor Growth

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email:[email protected]

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Flue Gas Desulphurization Market Latest Trends, Revenue Growth Rate And Application Scope | Fortune Business Insights