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Flue Gas Desulfurization System Market

Global Flue Gas Desulfurization System Market Size, Share & Industry Analysis, By Technology (Wet Flue Gas Desulfurization (FGD), Dry Flue Gas Desulfurization (FGD), Semi-Dry Flue Gas Desulfurization (FGD)), By Installation Type (New Systems, Components, Consumables & Repair), By Application (Coal-fired Power Plants, Gas-fired Power Plants, Industrial Boilers, Cement Plants, Steel Plants), By Absorbent Type (Limestone, Lime, Sodium Carbonate, Calcium Hydroxide, Magnesium Oxide), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.

Report Code: CHE001107
Report Format: PDF + PPT + Excel
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Report Description

Market Overview:

The global flue gas desulfurization system market is expected to develop at a 5.2% CAGR between 2024 and 2031. In 2024, the market value was USD 18.5 billion, and it is predicted to increase significantly by 2031. Asia-Pacific dominates the market, owing to rigorous environmental regulations and fast development.


The FGD system market has grown significantly as a result of increased environmental concerns and stronger emission control rules around the world. The market is primarily driven by the increasing number of coal-fired power plants in developing economies, as well as rising public awareness of air pollution control measures. Technological developments in FGD systems, notably in wet scrubbing technology, have increased removal efficiency while lowering running costs, making these systems more appealing to end users.

 

Market Dynamics:

Market Trend: Advanced wet FGD systems with enhanced efficiency drive market growth

The market is seeing a considerable movement toward sophisticated wet FGD systems that remove sulfur more efficiently and use less water. This trend is aided by technological advancements in scrubber design and absorbent materials. Major players are investing in R&D to create systems with removal efficiency greater than 98%, while also lowering operational costs and environmental effect.

 

Market Driver: Stringent environmental regulations and increasing coal power generation drive FGD system adoption

Global environmental rules, particularly in developing nations, are tightening on sulfur dioxide emissions. China's implementation of ultra-low emission regulations for power plants resulted in a 45% rise in FGD system installations. The continuous reliance on coal-fired power plants in Asia-Pacific, which accounts for 65% of worldwide coal power generation, fuels market expansion.

 

Market Restraint: High installation and operational costs impact market expansion

The high capital expenditure necessary for FGD system installation and maintenance limits market expansion. Installation costs for large-scale power plants can range between USD 100 and 300 million, with running costs accounting for 20-30% of overall plant expenses.

 

Segment Overview:

Wet FGD segment dominates the market with superior sulfur removal efficiency and reliability

Wet FGD technology dominates the global FGD system market, accounting for over YY% of the total. This superiority is due to its superior sulfur removal efficiency (95-99%) and capacity to handle high sulfur fuels. Recent improvements include the use of enhanced automated systems and better absorbent utilization strategies.
Major deployments include China Huaneng Group's deployment of modern wet FGD systems across 15 power stations, which achieved 99% removal efficiency. Babcock & Wilcox has created next-generation wet FGD technology that uses less water and is more reliable, servicing more than 30 power plants across the world.

 

Regional Outlook:

Asia-Pacific leads the global FGD system market with extensive power generation capacity and environmental initiatives

Asia-Pacific accounts for nearly YY% of the worldwide FGD system market, owing to significant coal-fired power production capacity and stringent emission laws in China and India. The region's supremacy is reinforced by government programs to promote renewable energy technologies.


China has implemented FGD systems in more than 90% of its coal-fired power plants, representing a USD 25 billion investment over the last five years. India's implementation of new emission standards has created a market opportunity of more than USD 10 billion for FGD system installations. The region has received substantial contracts worth USD 5 billion for FGD system installations in 2023, especially in thermal power plants.

 

Competitive Intelligence:

The global FGD system market is characterized by fierce competition between established companies and developing regional manufacturers. To preserve their market position, key corporations invest in technical innovation and strategic collaborations. Babcock & Wilcox leads the market with YY%, followed by Mitsubishi Heavy Industries (YY%) and General Electric (YY%).
Over the last three years, market leaders have invested nearly USD 2.8 billion in research and development, with an emphasis on enhancing system efficiency and lowering operational costs. Strategic collaborations and license agreements worth USD 1.5 billion have been formed to increase market presence.

 

Analyst Opinion:

The FGD system market is expected to increase significantly due to environmental laws and the continuous reliance on fossil fuels for electricity generation. Innovation in absorbent materials and system design will be critical for market success, while cost optimization remains a major problem.

 

Major Players:

  • Babcock & Wilcox Enterprises Inc.
  • Shanghai Electric Group Corporation
  • UBE Industries, Ltd.
  • Toshiba Corporation
  • POSCO Engineering & Construction Co., Ltd.
  • China Huaneng Group Co., Ltd.
  • Harbin Electric Corporation
  • Mitsubishi Heavy Industries, Ltd.
  • Alstom Power Systems
  • Doosan Heavy Industries & Construction Co., Ltd.
  • Foster Wheeler AG
  • Sumitomo Heavy Industries, Ltd.
  • General Electric Company

 

Key Developments:

  • March 2024: Mitsubishi Heavy Industries completed installation of advanced FGD system at Southeast Asia's largest coal power plant
  • January 2024: Babcock & Wilcox secured USD 150 million contract for FGD system installation in Eastern Europe
Table of Content

1. INTRODUCTION

1.1. Market Definitions & Study Assumptions

1.2. Market Research Scope & Segment

1.3. Research Methodology

 

2. EXECUTIVE SUMMARY

2.1. Market Overview & Insights

2.2. Segment Outlook

2.3. Region Outlook

 

3. COMPETITIVE INTELLIGENCE

3.1. Companies Financial Position

3.2. Company Benchmarking -- Key Players

3.3. Market Share Analysis -- Key Companies

3.4. Recent Companies Key Activities

3.5. Pricing Analysis

3.6. SWOT Analysis

 

4. COMPANY PROFILES (KEY COMPANIES LIST BY COUNTRY) (PREMIUM)

 

5. COMPANY PROFILES

5.1. Babcock & Wilcox Enterprises Inc.

5.2. Shanghai Electric Group Corporation

5.3. UBE Industries, Ltd.

5.4. Toshiba Corporation

5.5. Posco Engineering & Construction Co., Ltd.

5.6. China Huaneng Group Co., Ltd.

5.7. Harbin Electric Corporation

5.8. Mitsubishi Heavy Industries, Ltd.

5.9. Alstom Power Systems

5.10. Doosan Heavy Industries & Construction Co., Ltd. (*LIST NOT EXHAUSTIVE)

 

6. MARKET DYNAMICS

6.1. Market Trends

6.1.1. Growing adoption of wet FGD systems for higher efficiency

6.1.2. Increasing focus on emission control technologies

6.1.3. Rising implementation of stringent environmental regulations

6.2. Market Drivers

6.2.1. Growing power generation capacity in developing economies

6.2.2. Increasing industrial activities and environmental concerns

6.2.3. Rising focus on clean energy technologies

6.3. Market Restraints

6.3.1. High installation and maintenance costs

6.3.2. Complex operational requirements and technical challenges

6.4. Market Opportunities

6.5. Porter's Five Forces Analysis

6.5.1. Threat of New Entrants

6.5.2. Bargaining Power of Buyers/Consumers

6.5.3. Bargaining Power of Suppliers

6.5.4. Threat of Substitute Products

6.5.5. Intensity of Competitive Rivalry

6.6. Supply Chain Analysis

6.7. Value Chain Analysis

6.8. Trade Analysis

6.9. Pricing Analysis

6.10. Regulatory Analysis

6.11. Patent Analysis

6.12. SWOT Analysis

6.13. PESTLE Analysis

 

7. BY TECHNOLOGY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

7.1. Wet Flue Gas Desulfurization (FGD)

7.2. Dry Flue Gas Desulfurization (FGD)

7.3. Semi-Dry Flue Gas Desulfurization (FGD)

 

8. BY INSTALLATION TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

8.1. New Systems

8.2. Components

8.3. Consumables & Repair

 

9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

9.1. Coal-fired Power Plants

9.2. Gas-fired Power Plants

9.3. Industrial Boilers

9.4. Cement Plants

9.5. Steel Plants

 

10. BY ABSORBENT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

10.1. Limestone

10.2. Lime

10.3. Sodium Carbonate

10.4. Calcium Hydroxide

10.5. Magnesium Oxide

 

11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

11.1. North America

11.1.1. United States

11.1.2. Canada

11.1.3. Mexico

11.2. South America

11.2.1. Brazil

11.2.2. Argentina

11.2.3. Rest of South America

11.3. Europe

11.3.1. Germany

11.3.2. United Kingdom

11.3.3. France

11.3.4. Italy

11.3.5. Spain

11.3.6. Russia

11.3.7. Rest of Europe

11.4. Asia-Pacific

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. Australia

11.4.5. South Korea

11.4.6. Rest of Asia-Pacific

11.5. Middle-East

11.5.1. UAE

11.5.2. Saudi Arabia

11.5.3. Turkey

11.5.4. Rest of Middle East

11.6. Africa

11.6.1. South Africa

11.6.2. Egypt

11.6.3. Rest of Africa

 

*NOTE: All the region mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

Scope of the Report

By Technology:

  • Wet Flue Gas Desulfurization (FGD)
  • Dry Flue Gas Desulfurization (FGD)
  • Semi-Dry Flue Gas Desulfurization (FGD)

By Installation Type:

  • New Systems
  • Components
  • Consumables & Repair

By Application:

  • Coal-fired Power Plants
  • Gas-fired Power Plants
  • Industrial Boilers
  • Cement Plants
  • Steel Plants

By Absorbent Type:

  • Limestone
  • Lime
  • Sodium Carbonate
  • Calcium Hydroxide
  • Magnesium Oxide

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