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Market Summary:

The Global Flue Gas Treatment Systems Market size is projected to reach USD 91.44 Billion in 2027 from USD 60.97 Billion in 2019, delivering a CAGR of 5.1% through the forecast period. The market growth is driven by the large-scale construction activities, primarily across the emerging economies, increased consumption of cement along with the introduction of stringent government regulations and norms pertaining to pollution and effluent release.

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A flue gas treatment is a process designed to eliminate or reduce pollutants or other hazardous gases released on the burning of fossil fuels at power plants, industrial facilities, manufacturing units, and other sources. Fossil fuels such as kerosene, coal, natural gas, wood, diesel, and others are heated to produce power or heat, which also results in emission or particulates of mercury, carbon dioxide, sulfur dioxide, sulfides, and others, which are collectively called flue gases. Most of these hazardous flue gases contain oxides of nitrogen as well. If flue gas from industrial facilities, manufacturing units, power plants, and others are left untreated, it can substantially affect the air quality in the local, regional area, spreading massively.

The expansion of infrastructure projects, including flyovers, tunnels, bridges, dams, roads, and others, are fuelling the demand for cement. Manufacturing, as well as combustion of cement in the pyro stage, is a major contributor of sulfur oxides, dioxides emissions in the environment. However, it has been noted that the installation of flue gas treatment systems at cement generation plants results in a 90% reduction in SOx emission levels. Growing awareness regarding the use of flue gas treatment technologies will boost revenue share over the coming years.

The global depletion of fossil fuels releases more than 22 billion tons of carbon dioxide into the atmosphere annually, and the emission volumes are on the rise. The new environmental laws are targeting the root cause of these emissions in order to save human surroundings. This is likely to boost market demand over the coming years. As a result of myriad environmental regulations, the implicit pollution tax that U.S. manufacturing firms face has more than doubled over. As the regulatory norms get stricter, industry players will keep coming up with innovations in products to support the cause of a clean environment. On 27th July 2020, a UK-based clean-energy company, Fortum Carlisle Ltd, announced that it has applied for an environmental permit to operate an EFW (energy from waste) plant to burn nearly 274,000 tonnes RDF refuse-derived fuel annually to produce heat and electricity. The facility is located near Kingmoor Park Industrial Estate in Carlisle.

The key factors that may hamper the flue gas treatment industry growth are lack of product knowledge and heavy installation and maintenance cost of flue gas treatment systems.

Regional Landscape:

In 2019, APAC accounted for over 31.3% of the flue gas treatment system market share and is estimated to register the highest growth rate of 5.4% through 2027. The robust growth rate can be attributed to favorable government policies for coal-based power plants and the thriving chemical & petrochemical industry in the region. Moreover, surging demand for power generation for rising infrastructure and industrialization requirements will further boost regional revenue share.

Control Type Landscape:

In 2019, the particulate control type segment held around 36.8% of the flue gas treatment system market share and is set to garner significant revenue over the analysis period on account of the growing usage of electrostatic precipitators and bag filters in various end-use industries, including cement, power, iron & steel, chemical & petrochemical, non-ferrous metal, and others.

The mercury control type segment is estimated to register a CAGR of 7.4% until 2027 due to the large-scale installation of several systems to control mercury emissions across Asian countries, including China and India.

End-User Landscape:

In terms of end-use, the power segment contributed significantly to the flue gas treatment market revenue share, accounting for 37.3% of the global industry share in 2018. Estimates suggest that the power segment will lead the flue gas treatment systems market size due to the expansion of coal-based power plants in various countries across the globe, along with an increasing focus on adherence to environmental regulations.

Market-O-Nomics:

The Global Flue Gas Treatment Systems Market size is projected to reach USD 91.44 Billion in 2027 from USD 60.97 Billion in 2019, delivering a CAGR of 5.1% through the forecast period.

The market growth is driven by key factors, including the large-scale construction activities, primarily across the emerging economies, increased consumption of cement along with the introduction of stringent government regulations and norms pertaining to pollution and effluent release.

The global depletion of fossil fuels releases more than 22 billion tons of carbon dioxide into the atmosphere annually, and the emission volumes are on the rise.

The installation of flue gas treatment systems at cement generation plants results in a 90% reduction in SOx emission levels.

Fortum Carlisle Ltd announced that it has applied for an environmental permit to operate an EFW (energy from waste) plant to burn nearly 274,000 tonnes of RDF refuse-derived fuel annually to produce heat and electricity. The facility is located near Kingmoor Park Industrial Estate in Carlisle.

In 2018, APAC accounted for 31.3% of the flue gas treatment system market share and is estimated to register the highest growth rate of 5.4% through 2027.

In 2018, the particulate control type segment held 36.8% of the flue gas treatment system market share and is set to garner significant revenue over the analysis period.

The mercury control type segment is estimated to register a CAGR of 7.4% through 2027 due to the large-scale installation of several systems to control mercury emissions across Asian countries, including China and India.

In terms of end-use, the power segment contributed significantly in the flue gas treatment market revenue share, accounting for 37.3% of the global industry share in 2018

The key factors that may hamper the flue gas treatment industry growth are lack of product knowledge and heavy installation and maintenance cost of flue gas treatment systems.

Competitive landscape:

Key players operating in the flue gas treatment market include General Electric, Mitsubishi Hitachi Power Systems Ltd., Babcock & Wilcox Enterprises Inc, Thermax Limited, Doosan Lentjes, FLSmidth, Siemens, Clyde Bergemann Power Group, Marsulex Environmental Technologies, and AMEC Foster Wheeler, among others. These industry players are focusing on enhancing their product portfolios and capacity expansion.

On 4th August 2020, Mitsubishi Hitachi Power Systems, Ltd., the integrated business of thermal power generation of Mitsubishi Heavy Industries, Ltd, and Hitachi, Ltd., bagged an order for an AQCS (Air Quality Control System) for installation at a new power generation facility in Poland. The adoption of this Air Quality Control System technology, including the FGD system, will aid in the cleaning and reduction of air pollutants around the power generation facility.

Segments Covered in the report:

This report forecasts revenue growth at a global, regional, and country level, and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2027.

For the purpose of this study, Reports and Data has segmented the market on the basis of control type, marketing mode, end-user, and region:

Control Type Outlook (Volume; and Revenue, USD Billion; 2017-2027)

Particulate Control

Flue Gas Desulfurization

DeNOx

Mercury Control

Others

Marketing Mode Outlook (Revenue, USD Billion; 2017-2027)

Systems Customers

Direct Marketing

Indirect Marketing

End-User Outlook (Revenue, USD Billion; 2017-2027)

Power

Cement

Iron & Steel

Chemical & Petrochemical

Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America U.S.

Europe France U.K.

Asia Pacific China India Japan

Latin America Brazil

Middle East & Africa