Flue Gas Desulphurization Market Regional Trends & Growth Projections (2019-2026) | Fortune Business Insights

(The Express Wire via Comtex)

Flue Gas Desulphurization Market Strategy And Remarkable Growth Rate By 2026 | Fortune Business Insights

Growing need to reduce environmental pollution caused by thermal power plants will be the key factor driving the globalflue gas desulphurizationmarket 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.

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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

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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.

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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)

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, 2014-2025
  6. North America Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2014- 2025
  7. Europe Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2014-2025
  8. Asia Pacific Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2014-2025
  9. The Middle East and Africa Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2014-2025
  10. Latin America Flue Gas Desulphurization System Market Analysis, Insights and Forecast, 2014-2025
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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