16 Mar 2016 07:03:48
Flue Gas Desulfurization Market Research Report 2018
Overview of FGD Market
When it comes to environmental conditions, air quality control systems are required for a healthy indoor and outdoor environment. Energy and environmental regulations frequently result in by-products that have the ability to reduce compliance costs. Sulfur dioxide (SO2) used at coal-fired electric plants has a theoretically uncertain impact on pollution emissions. Various power plants expending fossil fuel such as coal release sulfur dioxide with the flue gas to a certain extent. This gas causes harmful environmental effects such as acid rain. Therefore, to completely remove sulfur dioxide from the flue gas, flue gas desulfurization (FGD) systems are extensively used in the market. Now-a-days, considering the new stringent government policies and regulations coming up in the market, the FGD systems are frequently used to reduce the harmful gaseous substances such as SO2 emissions.
Complete Report Flue Gas Desulfurization Market with TOC : http://www.transparencymarketresearch.com/flue-gas-desulfurization-systems.html
Influential Growth Factors
The most important factor highlighted for the growth of the global FGD (flue gas desulfurization) market is the rising demand for electricity worldwide. The basic requirement for electricity is due to the growing population and economic development through several well-developed nations across the globe. Although thermal power still remains as the dominant source of energy in the future, the major dependence on coal for electricity production will still remain as one of the most important sources of power for several years to come. The practice of generating and utilizing electricity helps in reducing the harmful effects of coal combustion to a major extent.
Additionally, there are many new coal fired plants that are planned to come into existence all over the world. Coal is one of the most commonly used fuels in these power plants. In order to control various emissions from the burning of these fossil fuels, variegated emission control equipment was installed throughout different countries in the world. Such factors have helped the FGD market to grow and experience many different activities over the years.
Active Areas of Applications
The global flue gas desulfurization market is characterized by major applications that include new FGD systems and reagents and replacement market. The new FGD systems are segmented into wet and dry FGD systems. The wet FGD systems were the major technology used for the installation of FGD systems, capturing over 84% of the market shares in 2012, whereas, the dry FGD systems cost less as compared to wet FGD systems. Nevertheless, the maintenance cost of dry FGD systems with respect to wet FGD systems is very high.
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The worn out FGD components is another precinct that needs to be replaced as adequate amount of reagents are consumed every year for running the FGD systems market.
Global Market Scenario – Key Market Players and Analysis
The global flue gas desulfurization market was valued at USD 14.89 billion in 2012 and is expected to reach USD 22.18 billion by 2019, growing at a CAGR of 5.8% from 2013 to 2019.
Some of the major key market participants that deal in the FGD market include Alstom, Siemens Energy, Babcock & Wilcox, Hamon RC, Thermax, Ducon Technologies, Mitsubishi Heavy Industries (MHI) and Marsulex Environmental Technologies (MET).
Geographically, Asia-Pacific dominated the global FGD market in 2012. The FGD market in this region accounted for 54.38% of the overall market share. Asia-Pacific comprises other key regional markets such as China, Japan, India, Thailand and Indonesia that deal in various activities pertaining to flue gas desulfurization systems. All these regions are expected to witness a surge in FGD demand due to the increase in electricity requirement and demand for coal fired power plants in the overall industry. Likewise, North America FGD market is estimated to reach USD 4.05 billion by 2019, while Europe FGD market is expected to grow at a CAGR of 2.8% from 2013 to 2019.
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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