Flue Gas Desulphurization (FGD) Equipment Market Global Demand Analysis and Research Report, 2028
Rise in number of market players following regulatory compliances to reduce Sulphur Dioxide gas emission is anticipated to favor market demand for flue gas desulphurization (FGD) equipment over the coming years.
(firmenpresse) - The global flue gas desulphurization (FGD) equipment market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the rapid industrialization and increasing manufacturing activities, particularly among developed economies across the globe. Stringent laws & regulation regarding carbon and Sulphur Dioxide gas emission by regional authorities worldwide is expected to drive the growth of the market over the forecast period.
Rise in number of market players following regulatory compliances to reduce Sulphur Dioxide gas emission is anticipated to favor market demand for flue gas desulphurization (FGD) equipment over the coming years. Globally, flue gas desulphurization equipment market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of flue gas desulphurization (FGD) equipment.
Flue-gas desulfurization (FGD) equipment implements a set of technologies for removal of sulfur dioxide (SO2) from exhaust flue gases. Flue gas desulphurization (FGD) equipment is increasingly used in fossil-fuel power plants for removing exhaust gases. Several stringent environmental regulations are implemented to curb SO2 emissions coupled with development of advanced technologies to separate SO2 gas from flue gases are expected to favor industry expansion as well.
Soaring energy demand and rising urbanization are further fostering adoption of flue gas desulphurization (FGD) equipment over the past few years. Rising air pollution levels is creating environmental concerns among international authorities, thus driving the demand for flue gas desulphurization (FGD) equipment over the coming years.
The flue gas desulphurization equipment market is broadly categorized into major segments based on the application type such as power generation sector, chemical manufacturing industry, iron & steel industry, and cement manufacturing industry. Power generation segment is growing rapidly with substantial revenue generation in the last few years. Growing popularity of flue gas desulphurization (FGD) equipment in power generation segment is attributed to the increasing product penetration and declining installation cost.
The flue gas desulphurization (FGD) equipment market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid industrialization, rising energy demand, growing awareness level towards adverse impacts of air pollution, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the flue gas desulphurization (FGD) equipment market are Alstom S.A., China Boqi Environmental Holding Co., Ltd., Babcock and Wilcox Co., Chiyoda Corp., Ducon Technologies Inc., Hitachi Power System America Ltd., Hamon Research-Cottrell, Inc., Lonjing Environment Technology Co., Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., The Siemens Energy Sector Co., and Thermax Ltd.
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Datum: 04.06.2020 - 07:47 Uhr
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