Research Nester published a report titled “Flue-Gas Desulfurization Market – Global Demand Analysis and Opportunity Outlook 2030” which delivers detailed overview of the flue-gas desulfurization market in terms of market segmentation by product type, installation type, application type, end user industries, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The market for flue-gas desulfurization is anticipated to record a notable CAGR of ~6% over the forecast period 2022-2030. The growing deployment of air quality control equipments in several leading industries along with the rising advancements in order to make efficient flue gas desulfurization systems is anticipated to drive the market growth. Further, stringent government regulations for controlling air pollution and growing demand for FGDs from coal fired power plants owing to high SOx emissions from power plants is also anticipated to contribute to the growth of the market. Moreover, rapid developments in the industrial sector are estimated to accelerate the market growth.
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Based on product type, the market is segmented into wet flue-gas desulfurization systems and dry & semi-dry flue-gas desulfurization systems. The market for wet flue-gas desulfurization systems is estimated to witness major share owing to the high-efficiency of wet FGDs and for the increasing demand for gypsum which is a byproduct of wet FGDs, from the cement and fertilizer industries.
Based on the regional analysis, the market for flue-gas desulfurization is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in the Asia Pacific is anticipated to dominate the market on the account of strict emission standards along with growing industries in major economies such as India and China. Additionally, the expansion in the coal fired power plants and the increasing pollution levels in the region are fostering the market growth. The market in North America region is estimated to foresee noteworthy growth rate on the back of rapid urbanization and growing demand for electricity in major regions.
Rising Health Concerns Due to SOx Emissions
Presence of sulfur dioxide in the air is known to cause numerous respiratory diseases in humans. It affects the respiratory system, especially in the functioning of the lungs, and increases the risk of tract infections, causing mucus secretion, coughing, and others. Presence of SOx in the air can also irritate the eyes. Moreover, it can also aggravate conditions, such as chronic bronchitis and asthma. Owing to such rising concerns for health, there is a growing need amongst the regulatory bodies to lower the SOx emissions from industries. SOx is largely emitted upon burning coal, and hence there is a rising need for flue-gas desulfurization systems in coal-fired power plants, which is anticipated to drive the market growth during the forecast period.
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However, reduction in the number of coal-fired power plants in several developed nations globally is expected to operate as key restraint into the growth of the flue-gas desulfurization market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the flue-gas desulfurization market which includes company profiling of ANDRITZ Group, S.A. HAMON, Chiyoda Corporation, KC Cottrell, Macrotek Inc., Ducon Environmental Systems, Kawasaki Heavy Industries, Ltd., Valmet Corporation, IDE Technologies, Thermax Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the flue-gas desulfurization market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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