Global Flue Gas Desulfurization (FGD) System Market 2019-2023 |
Posted: March 26, 2020 |
The global flue gas desulfurization system market size will grow by USD 3.46 billion during 2019-2023. The report offers an analysis of the market based on product (wet FGD and dry FGD). The flue gas desulfurization market research report further presents in-depth insights on the growth prospects of the market across the Americas, APAC, Europe, and MEA. The report analyzes the market’s competitive landscape and offers information on several companies including Babcock & Wilcox Enterprises, Inc., GENERAL ELECTRIC, HAMON, John Wood Group PLC (Amec Foster Wheeler), and MITSUBISHI HEAVY INDUSTRIES, LTD. (MHPS). Below are some of the key findings from the flue gas desulfurization system market analysis report See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report. Global flue gas desulfurization system industry overviewThe rise in a number of refinery projects is one of the critical reasons that will drive flue gas desulfurization system market growth. Production processes carried out in refineries produce harmful by-products and acidic gases such as hydrogen fluoride, hydrochloric acid, and sulfur dioxide. This results in an increased demand for these systems as they ensure a contaminant-proof environment for the refining process. With the growing demand for refined fuel, resulting from the expansion of road and air networks, the establishment of refineries will also increase. This coupled with the increasing need for energy security will result in increased investments in the refining sector. This will subsequently fuel the demand for FGD systems. The growing preference for dry FGD technology is also one of the factors that will drive FGD system market growth at a CAGR of over 6% during the forecast period. Wet scrubber design for FGD systems are expensive and are affordable only by large end-users. Moreover, the power generation sector is focusing on cost-effective FGD solutions as they consume less freshwater, involve low operational and maintenance costs, and use reduced power. Moreover, the adoption of dry FGD systems will also eliminate issues associated with disposal, increasing the preference for dry FGD technology. Top companies covered in the flue gas desulfurization system market research reportThe flue gas desulfurization system market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share. The report offers a complete analysis of various companies including:
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