The global flue gas desulfurization system market size is expected to reach USD 31.03 billion by 2030, according to a new study by Polaris Marker Research. The report “Flue Gas Desulfurization System Market Share, Size, Trends, Industry Analysis Report, By Type (Wet FGD Systems, Spray Dry FGD System, Dry & Semi-dry FGD Systems); By End-Use; By Installation (Greenfield, Brownfield); By Regions; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Factors such as environmental restrictions that reduce excessive industrial sulfur dioxide emissions are also predicted to boost market expansion throughout the forecast period. Traditionally, the power and manufacturing industries have been important producers of air pollution, with marine transportation recently joining the list.
The burning of fossil fuels in coal-fired power plants, manufacturing facilities, and marine transport emits sulfur dioxide and different nitrogen oxides, which combine with air moisture and oxygen to generate sulfuric and nitric acid fumes, eventually resulting in acid rain. As a result, removing harmful contaminants such as SOx, NOx, mercury, and particulate matter from their source becomes critical.
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Also, the rising prevalence of the airborne disease is increasing the demand for FGD across various verticals. As per the CDC, airborne disease can transmit via direct or indirect dissemination, depending on the pathogen involved. Pathogenic bacteria tiny enough to be released from an infected person by coughing, sneezing, laughing, and close human contact or aerosolization of the germ cause airborne infections. Environmental controls and engineering options aid in reducing water droplet aerosolized pathogen transmission. Thus, the demand for FGD increased during the pandemic as the airborne disease grew.
Based on the type, the wet FGD segment accounted for the leading share in the market in 2021. Wet FGD gets the highest SOx removal efficiency (greater than 90%), while dry FGD obtains the lowest (80%). Wet systems account for more than 85 percent of FGD implemented worldwide, owing to cheaper reagent and operating costs, more fuel flexibility, and the potential use of by-products.
Market players such as Andritz AG, Babcock & Wilcox Enterprises Inc., China Boqi Environmental (Holding) Co. Ltd., Chiyoda Corporation, Doosan Lentjes GmbH, Ducon Technologies Inc., FLSmidth & Co., General Electric Company, Hamon Group, Kawasaki Heavy Industries Ltd., LAB S.A., Marsulex Environmental Technologies, Mitsubishi Heavy Industries Ltd., Rafako S.A, Shandong Baolan Environmental Protection Engineering Co. Ltd., Steinmuller Engineering GmbH, and Thermax Ltd. are some key players operating in the global flue gas desulfurization industry.
In January 2022, Thermax Ltd received a Rs 545.6 crore order to install FGD at two 500 MW reactors in Uttar Pradesh. The FGD would be installed to reduce carbon emissions for the installed power plants. Thus, the major players' installation of FGD and investment boost flue gas desulfurization industry growth during the forecast period.
Polaris Market Research has segmented the flue gas desulfurization system market report based on type, end-use, installation, and region:
Flue Gas Desulfurization System, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Flue Gas Desulfurization System, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Flue Gas Desulfurization System, Installation Outlook (Revenue - USD Billion, 2018 - 2030)
Flue Gas Desulfurization System, Regional Outlook (Revenue - USD Billion, 2018 - 2030)