[207 Pages Report] The FGD systems market is projected to grow from USD 17.7 billion in 2020 to USD 23.1 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The FGD systems market has been witnessing consistent growth owing to the increasing concerns regarding environmental pollution, growing prevalence of airborne diseases, and enforcement of environmental laws & regulations. The rise in demand for FGD systems from the power generation, chemical, iron & steel, and cement & manufacturing industries is expected to drive the market globally. Stringent environmental regulations focused on the control of excessive industrial sulfur dioxide emissions are further expected to drive the growth of the market during the forecast period.

Based on type, wet FGD systems segment accounted for the largest share in 2019

Based on type, the market has been segmented into wet and dry & semi-dry FGD systems. Key factors responsible for the adoption of wet FGD technology are its high removal efficiency, high emission standards set by federal governments, an increase in electricity demand, and an increase in the number of coal-fired power plants in emerging economies. The growth of the wet FGD systems segment can also be attributed to its early commercial deployment in 1970 and its high efficiency in terms of SO2 removal. Moreover, the by-product of typical wet FGD systems, which use limestone as a reagent, is gypsum. This can be marketed to cement and wallboard manufacturers and the fertilizer industry.

Based on end-use industry, the power generation segment accounted for the largest market share in 2019

Based on end-use industry, the power generation end-use industry segment accounted for the largest share of the global FGD market in 2019. Coal-fired power plants are the major source of sulfur pollutants, due to the usage of high sulfur content coals in power plants. Therefore, increased power generation is the reason for the dominance of the power generation segment over other end-use industries.

Asia Pacific accounted for the largest share of the FGD systems market in 2019

The Asia Pacific FGD systems market will see increased demand from the power generation industry as a result of the increased regulations and power production in the region. The power generation industry consumed the highest amount of FGD in the region and accounted for the largest share in the Asia Pacific FGD systems market in 2019. As the chemical sector, as well as the cement and metal smelting industries, are growing in Asia Pacific, more opportunities are expected for this market in this region in the coming years.

Key Market Players

Key players in this market are Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), and Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea).

Scope of the Report:

Report Metric Details Market Size Available for Years 2018�2025 Base Year Considered 2019 Forecast Period 2020�2025 Forecast Units Value (USD Million) Volume (Megawatt) Segments Covered Type, End-use Industry, and Installation Geographies Covered North America, Asia Pacific, Europe, Middle East & Africa, and South America Companies Covered Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd.(India), and Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel) and KC Cottrell (South Korea)

This research report categorizes the FGD systems market based on type, end-use industry, installation, and region, and forecasts revenues as well as analyzes trends in each of these submarkets.

Based on Type, the FGD systems market has been segmented into:

Wet FGD Systems Limestone Seawater Others (ammonia and sodium)

Dry & Semi-dry FGD Systems

Based on End-Use Industry, the FGD systems market has been segmented into:

Power Generation

Chemical

Iron & Steel

Cement Manufacturing

Others (paper & pulp, waste incineration, and glass)

Based on installation, the FGD systems market has been segmented into:

Greenfield

Brownfield

Based on the Region, the FGD systems market has been segmented into:

Asia Pacific

North America

Europe

Middle East & Africa

South America

Recent Developments

In July 2020, General Electric (GE) Steam Power signed an agreement with NTPC Limited, India, for the supply of wet FGD systems for 3 coal-fired power plants. With these wet FGD systems, the company will help NTPC treat approximately 35 million cubic meters per hour of flue gas, meeting India�s thermal power plant emission norms for SO2. This agreement also allows GE to strengthen its foothold in the country in which it already has 15.28 GW of SO2 reduction systems.

In February 2020, Mitsubishi Hitachi Power Systems (MHPS) received a 12 year maintenance service extension for the BLCP power station in Thailand. This agreement covers the maintenance of major equipment, including boilers, steam turbines, and flue gas cleaning systems. It will strengthen the service business of the company and boost revenue generation.

In July 2019, Doosan Lentjes announced the delivery and commissioning of two FGD systems in Vietnam. This system deployed seawater FGD technology and was installed at the Vinh Tan 1 power plant, in the Binh Thuan province of Vietnam. Doosan Lentjes� scope of work included engineering and delivery of key FGD equipment along with advisory services for erection and commissioning. This development establishes the company�s reputation as a specialist in the delivery of air quality control systems across the global utility, municipality, and industrial sectors.

Key Questions Addressed by the Report:

How are the developments undertaken by various companies expected to affect the FGD systems market in the mid- to long-term?

What are the upcoming industry end uses of FGD systems?

What properties drive the use of FGD systems for each end-use industry?

What is the estimated size of the FGD systems market in 2020?

What are the alternatives to FGD systems?

What is the impact of COVID-19 on the FGD systems market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst