Flue gas desulfurization systems are mainly used for extracting hazardous sulfur dioxide emissions from the flue gas. The Flue gas desulfurization systems assists in cutting down the levels of SO2 and other greenhouse gas emissions. Dry Flue gas desulfurization and wet Flue gas desulfurization have emerged to be the key technologies in the global market. Generally, wet FGD systems are priced high in comparison to the dry FGD systems. They have lower operating costs and lower maintenance expenses. One of the key driving factors for the growth of the global Flue gas desulfurization market has been the issuance of stricter environmental regulations. In addition to this, increasing energy demand across the globe has also created a solid demand for Flue gas desulfurization systems. All such factors are thus playing important roles in driving the growth of the global Flue gas desulfurization market in the coming years of the forecast period.
The flue gas desulphurization market is mainly concentrated, with few leading players holding majority of the market share. Some of the leading players such as Alstom, Mitsubishi Heavy Industries (MHI), Babcock and Wilcox have sustained their positions by expanding globally and providing turnkey integrated solutions to their consumers.
Alstom was the largest manufacturer in 2012 and accounted for over 20% of the market share by annual revenue and installed capacity. MHI and Babcock and Wilcox were the next largest companies in the market, together, accounting for over 30% of the market share in 2012. The other key players in the FGD market include Thermax, Hamon, Siemens, and China BoQi. MHI is one of the renowned companies that continuously focuses on new product development strategy. As a result new advanced FGD system is one of the outcomes of their continuous innovations over the years. AFGD system has an increased efficiency of 99.5%.
The companies in the global market are expected to adopt highly aggressive growth strategies such as mergers, acquisitions, joint ventures, and strategic partnerships in order to stay ahead of the competitive curve.
Wet and dry FGD systems are two types of FGD systems installed worldwide. Wet FGD systems find applications in coal-fired plants with capacity larger than 300 MW while dry FGD systems perform efficiently in plant lower than 300 MW. Wet FGD systems capture the majority of the market and expected to maintain its dominance in coming years.
Stricter Environmental Regulations to Drive Market Growth
One of the key driving factors for the growth of the global Flue gas desulfurization market has been the issuance of stricter environmental regulations. In addition to this, increasing energy demand across the globe has also created a solid demand for Flue gas desulfurization. All such factors are thus playing important roles in driving the growth of the global Flue gas desulfurization market in the coming years of the forecast period.
However, there are couple of factors that might impede the growth of the market in the near future. These factors will slow down the market growth and stop it from reaching its full potential. One of the key restraining factors for the market growth has been the high installation costs of these Flue gas desulfurization. Another important restraining factor is the higher waste disposable expense associated with these systems. However, increasing demand from the emerging economies such as India and Japan is projected to present lucrative growth opportunities in the coming years of the forecast period.
Asia Pacific to Provide Ample Growth Opportunities
There are five key regional segments of the global flue gas desulphurization market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these the market is expected to be led by North America. The U.S. is estimated to dominate the FGD market in North America due to the enactment of numerous regulations including U.S. ARP (Acid Rain Program). Canada is estimated to be the second dominant region in North America. Implementation of EU NEC.
Asia Pacific is projected to show a stable growth over the course forecast period. Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.
Previous research showed that India and China presented incredible opportunity. However, now the focus is now mainly shifting away from China. Production units are now looking at moving their bases from China to other nations such as Japan and India as the world works towards emerging from the COVID-19 pandemic. As coal will likely to remain the main as well as cheap source of energy in emerging economies, the rise of manufacturing will be Asia Pacific’s way ahead in the global economy. This in turn will keep the regional ahead as the economy recovers.
Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.
1. Preface
1.1. Research scope
1.2. Research Methodology
2. Executive Summary
3. Flue Gas Desulfurization: Industry Analysis
3.1. Introduction
3.2. Value chain analysis
3.3. Market Drivers
3.3.1. Stringent environmental regulations
3.3.2. Rising electricity demand and growing environmental concerns, augmenting product demand
3.4. Market Restraints
3.4.1. High cost coupled with paradigm shift towards renewable energy
3.5. Market Opportunities
3.5.1. Advanced wet and dry FGD (AFGD) systems
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Degree of Competition
3.7. Market attractiveness analysis of FGD market by technology, 2012
3.8. Company market share analysis, 2012
4. Flue Gas Desulfurization Market – Application Analysis
4.1. Global Flue Gas Desulfurization Market: Application Overview
4.1.1. Global flue gas desulfurization market, revenue share by application, 2012 and 2019
4.2. New FGD Systems
4.2.1. Global New FGD Systems market estimates and forecast, 2012-2019 (USD Million)
4.3. Reagents and Replacement
4.3.1. Global FGD Reagents and Replacement, market estimates and forecast, 2012-2019 (USD Million)
5. Flue Gas Desulfurization Market – Technology Analysis
5.1. Flue Gas Desulfurization Market: Technology Overview
5.1.1. Global flue gas desulfurization market, revenue share, by technology, 2012 and 2019
5.2. Wet FGD Systems
5.2.1. Global Wet FGD systems installation, market estimates and forecast, 2012-2019 (USD Million)
5.3. Dry FGD Systems
5.3.1. Global Dry FGD Systems market estimates and forecast, 2012-2019 (USD Million)
6. Global FGD Market – Regional Analysis
6.1. Global FGD Market: Regional overview
6.1.1. Global FGD market, revenue share by geography, 2012 & 2019
6.2. North America
6.2.1. North America FGD market estimates and forecast, 2012-2019 (USD Million)
6.2.2. North America FGD systems market estimate and forecast, by technology segment, 2012-2019, (USD Million)
6.2.3. North America FGD systems market estimate and forecast, by application segment, 2012-2019, (USD Million)
6.3. Europe
6.3.1. Europe FGD market estimates and forecast, 2012-2019 (USD Million)
6.3.2. Europe FGD systems market estimate and forecast, by technology segment, 2012-2019, (USD Million)
6.3.3. Europe FGD market estimate and forecast, by application segment, 2012-2019, (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific FGD market estimates and forecast, 2012-2019 (USD Million)
6.4.2. Asia Pacific FGD systems market estimate and forecast, by technology segment, 2012-2019, (USD Million)
6.4.3. Asia Pacific FGD market estimate and forecast, by application segment, 2012-2019, (USD Million)
6.5. RoW (Rest of the World)
6.5.1. RoW FGD market estimates and forecast, 2012-2019 (USD Million)
6.5.2. RoW FGD systems market estimate and forecast, by technology segment, 2012-2019, (USD Million)
6.5.3. RoW FGD market estimate and forecast, by application segment, 2012-2019, (USD Million)
7. Company Profiles
7.1. Alstom SA
7.1.1. Company overview
7.1.2. Product portfolio
7.1.3. Business strategy
7.1.4. SWOT analysis
7.1.5. Recent developments
7.2. Babcock and Wilcox Company
7.2.1. Company overview
7.2.2. Product portfolio
7.2.3. Business strategies
7.2.4. SWOT analysis
7.2.5. Recent developments
7.3. China Boqi
7.3.1. Company overview
7.3.2. Product portfolio
7.3.3. Business strategy
7.3.4. SWOT analysis
7.3.5. Recent developments
7.4. Chiyoda Corporation
7.4.1. Company overview
7.4.2. Product portfolio
7.4.3. Business strategy
7.4.4. SWOT analysis
7.4.5. Recent developments
7.5. Ducon Technologies Inc.
7.5.1. Company overview
7.5.2. SWOT analysis
7.5.3. Product portfolio
7.5.4. Business strategy
7.5.5. Recent developments
7.6. Hamon Research-Cottrell
7.6.1. Company Overview
7.6.2. Financial overview
7.6.3. SWOT analysis
7.6.4. Product Portfolio
7.6.5. Business strategies.
7.6.6. Recent developments
7.7. Hitachi Power System America Ltd.
7.7.1. Company overview
7.7.2. Product portfolio
7.7.3. Business strategies
7.7.4. SWOT analysis
7.7.5. Recent developments
7.8. Lonjing Environment Technology Co. Ltd
7.8.1. Company overview
7.8.2. SWOT analysis
7.8.3. Product portfolio
7.8.4. Business strategy
7.8.5. Recent developments
7.9. Marsulex Environmental Technologies
7.9.1. Company Overview
7.9.2. SWOT analysis
7.9.3. Products portfolio
7.9.4. Business strategies
7.9.5. Recent developments
7.10. Mitsubishi Heavy Industries, Ltd.
7.10.1. Company overview
7.10.2. Product portfolio
7.10.3. Business strategies
7.10.4. SWOT analysis
7.10.5. Recent developments
7.11. Siemens Energy
7.11.1. Company Overview
7.11.2. Financial Overview
7.11.3. Product Portfolio
7.11.4. Business strategy
7.11.5. SWOT analysis
7.11.6. Recent developments
7.12. Thermax
7.12.1. Company overview
7.12.2. Financial overview
7.12.3. Products
7.12.4. SWOT analysis
7.12.5. Business strategy
List of Tables
TABLE 1: Global flue gas desulfurization systems market snapshot
TABLE 2: FGD systems market drivers: Impact analysis
TABLE 3: FGD systems market restraints: Impact analysis
TABLE 4: North America FGD systems market revenue and forecast, by technology segment, 2012-2019 (USD Million)
TABLE 5: North America FGD market revenue and forecast, by application segment, 2012-2019 (USD Million)
TABLE 6: Europe FGD systems market revenue and forecast, by technology segment, 2012-2019 (USD Million)
TABLE 7: Europe FGD market revenue and forecast, by application segment, 2012-2019 (USD Million)
TABLE 8: Asia Pacific FGD systems market revenue and forecast, by technology segment, 2012-2019 (USD Million)
TABLE 9: Asia Pacific FGD market revenue and forecast, by application segment, 2012-2019 (USD Million)
TABLE 10: RoW FGD systems market revenue and forecast, by technology segment, 2012-2019 (USD Million)
TABLE 11: RoW FGD systems market revenue and forecast, by application segment, 2012-2019 (USD Million)
List of Figures
FIG. 1: Global Flue Gas Desulfurization market, 2012-2019 (USD Million)
FIG. 2: Value chain analysis of FGD system
FIG. 3: Global SO2 emissions (Million Tons) , 2005-2020
FIG. 4: Global electricity consumption (TWh), 2010-2019
FIG. 5: Global coal consumption (Million Tons), 2009-2019
FIG. 6: FGD market: Porter’s five force analysis
FIG. 7: Market attractiveness analysis of FGD market by technology , 2012
FIG. 8: FGD market: Company market share analysis, 2012
FIG. 9: Global flue gas desulfurization market, revenue share by application, 2012 and 2019
FIG. 10: Global demand for New FGD Systems, 2012-2019 (USD Million)
FIG. 11: Global demand for FGD Reagents and Replacement, 2012-2019 (USD Million)
FIG. 12: Global flue gas desulfurization market, revenue share by technology, 2012 and 2019
FIG. 13: Global demand for Wet FGD systems installation market, 2012-2019 (USD Million)
FIG. 14: Global demand for Dry FGD Systems market, 2012-2019 (USD Million)
FIG. 15: Global FGD market, revenue share by geography, 2012 & 2019
FIG. 16: North America FGD market revenue, 2012-2019 (USD Million)
FIG. 17: Europe FGD market revenue, 2012-2019 (USD Million)
FIG. 18: Asia Pacific FGD market revenue, 2012-2019 (USD Million)
FIG. 19: RoW FGD market revenue, 2012-2019 (USD Million)
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Flue Gas Desulfurization Market
