Flue Gas Desulfurization (FGD) Market: Global Industry Trends, Share, Size, Growth, Opportunity, And Forecast 2021-2028

 

To remove Sulphur dioxide (SO2) from coal-fired power plant flue gases, the flue-gas desulfurization (FGD) process uses a variety of technologies. Flue gases emitted by fossil fuel-burning facilities, particularly coal-burning plants, posed a hazard to the environment and human health, prompting the development of flue-gas desulfurization systems. According to the International Energy Agency, coal-fired power plants generated roughly 37% of worldwide electricity in March 2021, making them the world's largest source of electricity generation. On the other hand, such facilities are prone to emit pollutants, particularly sulphur, which has a severe influence on the environment. As a result, coal-fired power plants are using flue-gas desulfurization systems. Flue-gas desulfurization systems can remove around 95% of sulphur from flue gas in a typical coal-fired power station. The growing popularity of the Flue Gas Desulfurization (FGD) Market

 systems in the cement and chemical manufacturing industries is predicted to propel the worldwide flue gas desulfurization systems market forward. Furthermore, as people and governments around the world become more conscious of the negative effects of air pollution on their health, demand for flue gas desulfurization (FGD) systems rises, contributing to market growth. The key players in the flue gas desulfurization systems market are attempting to extend and develop their product portfolios in order to effectively remove flue gases from industrial plants. For example, Mitsubishi Hitachi Power Systems, Ltd., based in Japan, sells FGD systems to remove SO2 from flue gases, such as wet limestone-gypsum Flue Gas Desulfurization (FGD) Market systems and seawater FGD systems.

The global decline in air quality as a result of increased industrialisation and urbanisation has become a significant issue. As a result, economies such as the United States, China, India, France, and others are focusing on air pollution reduction. As a result, the entire flue gas desulfurization systems market is being driven. Furthermore, governments have enacted strict legislation to ensure that air quality criteria are met. During the projected period, this is expected to boost the Flue Gas Desulfurization (FGD) Market. The market for flue gas desulfurization systems is expected to be restrained by the high operating costs and initial investments required by the systems.

Important Players

General Electric, Babcock & Wilcox Company, Chiyoda Corp., Mitsubishi Hitachi Power Systems, S.A. HAMON, Carmeuse, Thermax, Fujian Long king Co., Ltd., and Wuhan Kaidi Electric Power Environmental Co., Ltd. are among the major competitors in the global flue gas desulfurization market.