The global flue gas desulfurization system market is expected to secure USD 36,593.3 million in 2033 while expanding at a CAGR of 5.1%. The market is likely to hold a value of USD 22,252.3 million in 2023. From 2018 to 2022, the market displayed a growth rate of 4.7%. Future technologies aimed at reducing pollution emissions will be crucial to reducing the demand for electricity and dependence on fossil fuels.
Over the past few years, FGD systems and services have seen significant growth worldwide, and this trend is expected to continue in the coming years.
| Attributes | Details |
|---|---|
| Flue Gas Desulfurization System Market Share (2022) | USD 21,172.5 million |
| Flue Gas Desulfurization System Market Share (2023) | USD 22,252.3 million |
| Flue Gas Desulfurization System Market Share (2033) | USD 36,593.3 million |
| Flue Gas Desulfurization System Market Share (2023 to 2033) | 5.1% |
A Coal Ash Association report says FGD gypsum production has grown from 11 million MT in 2006 to 29 million MT in 2016. While the amount of FGD gypsum produced has increased in recent years, its utilization has decreased from 79% to 57%. The rapid expansion of industries has resulted in FGD gypsum becoming bulk industrial solid waste, contributing to many local environmental problems.
China's annual output is estimated to be 80 million tons. As a result, landfill capacity has been increased due to FGD gypsum accumulation. Through new applications, businesses boost the utilization rate of FGD gypsum to reduce the amount of disposed waste to the environment.
The International Energy Agency estimates that coal-fired power stations generated around 37% of global electricity in March 2021, making it the largest source of electricity worldwide. However, such plants produce pollution, particularly sulphur, which negatively affects the environment. Due to this, coal-fired power plants are using flue-gas desulfurization systems in the market.
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The global FGDS market is expected to grow rapidly during the forecast period. The sulfur dioxide emissions responsible for acid rain have been restricted and controlled in many countries in order to protect the environment, which is the major factor driving the global FGDS market. In order to meet the increasing demand for power, more FGDS systems are being developed to meet the ever-increasing number of energy power plants.
This drives the market growth of the global FGDS market to the next level.
As the industrialization process continues and chemical, iron and steel, cement, and steel businesses are established, the demand for FGDS increases, driving the FGDS market to grow. The issuance of stricter environmental regulations has contributed to the growth of the global flue gas desulfurization market. Manufacturers' strategic initiatives and rapid industrialization will also propel the market's growth.
Furthermore, technological advances in the design of FGD systems will allow the market to grow rapidly in the future. Over the next few years, such factors will propel the growth of the Flue gas desulfurization market.
While the market is expected to grow in the near future, there are a few factors that might impede its growth. The majority of energy consumed in the batch factory is consumed by the reheater, slurry and water pumps, and agitators. Regulatory constraints, scrubber designs, coal characteristics, layouts, and design aspects of scrubbers are also factors that affect energy consumption patterns.
Market growth will be slowed and it will not be able to reach its full potential due to these factors. Manufacturing growth in emerging and developing industrial economies is adversely affected by this slowdown in industrialized economies.
The high installation costs of flue gas desulfurization have been one of the key restraints on market growth. Waste disposal costs are another major restraining factor in these markets. The government of various countries and regions has therefore asked to extend the deadline for installing and implementing flue gas desulfurization systems (FGD).
The significant increase in renewable resources in power generation, globally, has resulted in a reduction in flue gas generation and therefore a reduction in flue gas desulfurization requirements in the market. In contrast, alternative methods for removing sulfur dioxide (SO2) from flue gases after combustion, such as fluidized bed combustion and catalytic hydrodesulfurization, may hamper the use of FGDS systems and restrain their growth.
Principal Consultant
Based on type, the flue gas desulfurization market is segmented into wet FGD, dry FGD, and semi-gas desulfurization. The wet FGD segment is likely to dominate the flue gas desulfurization market in 2023. FGD that is wet provides a higher degree of efficiency when it comes to removing SOx than FGD that is dry.
Consequently, this market has a high demand in different regions. According to the forecast, wet scrubbing will grow at the highest CAGR. Because of its higher SO2 removal efficiency, wet scrubbing offers a competitive advantage over dry scrubbing.
In addition to lowering operating costs and offering more fuel flexibility, the wet FGD also offers better efficiency. Due to their versatility, they are widely used in various industrial sectors in the market. Besides, the wet FGD systems use limestone as a reagent, and the by-product is gypsum, which can be marketed to cement and wallboard manufacturers and the fertilizer industry.
It has been projected that the use of wet FGD systems will increase in bituminous coal-fired power plants in the future, which could result in the capture of mercury.
According to Future Market Insights, during the assessment period 2023 to 2033, a large share of the flue gas desulfurization market is expected to be held by the power generation industry in 2023. Growing demand for sulfur reduction requirements in power plants has propelled market growth for FGD in the market.
Due to the growing demand for electricity among emerging economies and the government regulations aimed at reducing air pollution, there is an increased demand for the power industry across the globe. The use of high sulfur coals in power plants is the main source of sulfur pollution. As a result, power generation dominates other end-use industries due to increased power generation in the market.
Regulatory requirements for emissions at power plants that utilize additional air emission controls can also affect the characteristics of the high-volume CCPs. Mercury, nitrous oxides, sulfur trioxide, and hydrochloric acid are some of the contaminants that are controlled in the power generation sectors. The growth of FGD in the market is attributed to all of these factors.
As per the analysis, the global FGD market is expected to be dominated by North America during the forecast period. In 2023, the region is expected to secure about 24.3% of the total market share. A shift in lifestyle as well as an increase in personal care product demand can be attributed to the region's dominance. Market development during the forecast period will be led by the United States.
As a result of government regulations requiring the treatment of flue gases that mostly contain harmful pollutants, FGD plant installations have been on the rise. Additionally, there has been an increase in the number of people seeking power generation services in North America. Administrative and judicial implementations of the Clean Air Act result in regulatory pressures related to scrubber installation in this region. It is expected that such factors will significantly benefit the market in the coming years.
According to the analysis, Europe is projected to be the second-largest market during the forecast period. The region is attributed to securing 21.4% of the total market share in 2023. A growing number of environmental conditions, as well as respiratory issues, can be attributed to the growth of the market in the region.
A significant share of the market growth is expected to come from countries such as Germany and the United Kingdom. GAS, an EU-developed flue gas desulfurization (FGD) technology, has been demonstrated for the first time in the United States at the Tennessee Valley Authority's National Center for Emission Research (NCER). An innovative Danish company, FLS miljo a/s, developed the technology.
APAC is expected to be the fastest-growing and most lucrative market during the forecast period. Regional markets will be primarily influenced by countries such as India, China, and Japan in this region. Increasing demand in the power generation industry and stringent regulations in the region are largely responsible for the growth of the market in this region.
There is high consumption of FGD in the power generation industry in APAC. It is anticipated that the demand for flue gas desulfurization systems in APAC will increase over the forecast period due to rapid developments in the construction industries in the region.
A large number of coal-fired power plants in the region increased pollution rates from industries, and rapid industrialization in emerging countries like India and China has significantly raised the market for FGD in these regions. In addition, growing investments in the expansion of coal-fired generation power plants are expected to boost the market's growth.
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As fossil fuel consumption grows, many new companies have emerged with flue gas desulfurization solutions in the market. A variety of production and distribution activities are also undertaken by start-ups in the desulphurization industry. As air purification systems are more widely used across various industries, FGD plants are receiving a lot of attention in the market.
The market for flue gas desulfurization is a fragmented market with intense competition, featuring several players from both local and regional regions. Mergers and acquisitions, expansions, collaborations, and partnerships are among the marketing techniques employed by key companies in the market.
Some of the key participants present in the global flue gas desulfurization market include Babcock & Wilcox Enterprises, Inc., Marsulex Environmental Technologies, FLSmidth & Co/ A/S., Thermax Limited, Siemens AG., Clyde Bergemann Power Group, Burns & Mcdonnell, Alstom SA, Mitsubishi Electric Corporation, Ltd., Hamon Corporation, Valmet, DUCON Infratechnologies Ltd, GE Power India Limited, Tata Projects, NTPC Limited, and Others.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Type, Application, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market may record a 5.1% CAGR concluding at USD 36,593.3 million by 2033.
North America dominates the market and is poised to achieve 24.3% of the global sales.
Growing cases of respiratory issues is expected to secure 21.4% of market share in 2023.
Asia Pacific to result in higher demand for flue gas desulfurization systems.
Wet flue gas desulfurization systems are poised to grow at an above average CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Wet Flue Gas 5.2. Dry Flue Gas 5.3. Semi Gas 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Power Generation 6.2. Chemical Processing 6.3. Iron and Steel 6.4. Cement Manufacturing 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Babcock & Wilcox Enterprises, Inc. 17.2. Marsulex Environmental Technologies 17.3. FLSmidth & Co/ A/S. 17.4. Thermax Limited 17.5. Siemens AG. 17.6. Clyde Bergemann Power Group 17.7. Burns & Mcdonnell 17.8. Alstom SA 17.9. Mitsubishi Electric Corporation, Ltd. 17.10. Hamon Corporation 17.11. Valmet 17.12. DUCON Infratechnologies Ltd 17.13. GE Power India Limited 17.14. Tata Projects 17.15. NTPC Limited 18. Assumptions & Acronyms Used 19. Research Methodology
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Flue Gas Desulfurization System Market
