Global Flue Gas Desulfurization Market for Thermal Power Plants 2018-2022

The global flue gas desulfurization (FGD) market size for thermal power plants will grow by USD 1.34 billion during 2018-2022. This report provides a detailed analysis of the market by product (wet FGD systems and dry FGD systems) and geography (APAC, EMEA, and the Americas). The report analyzes the market’s competitive landscape and offers information on several FGD companies including Babcock & Wilcox, GENERAL ELECTRIC, Siemens, Mitsubishi Heavy Industries, Sumitomo Heavy Industries, and RAFAKO.

Some of the key findings from our FGD market forecast report for thermal power plants are summarized below:

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Global FGD industry overview for thermal power plants

The stringent environmental regulations in the power industry are driving power plant operators to install FGD systems which are compliant with these regulations. Most of the FGD systems in the US are either non-compliant or unreliable. To comply with these stringent environmental regulations, the FGD systems must operate at peak efficiency and reliability. This has encouraged vendors to offer advanced FGD systems with technological improvements such as computational fluid dynamics (CFD) modeling and new reagent preparation systems. These technological upgrades in the design of FGD systems will positively impact the growth of the FGD market for thermal power plants.

The increasing energy demand around the world has resulted in the growing use of coal for power generation. The demand for coal-fired power generation has increased especially from countries such as India, China, and the US. This will lead to an increase in the adoption of FGD systems in thermal power plants. Hence, the growing use of coal for power generation is one of the major factors that will drive the growth of the FGD market for thermal power plants at a CAGR of over 5% during the forecast period.

Top FGD companies covered in this market research report

The global FGD market for thermal power plants is fairly fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this FGD market analysis report for thermal power plants also provides information on the upcoming trends and challenges that will influence market growth. This report will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading companies including:

• Babcock & Wilcox
• GENERAL ELECTRIC
• Siemens
• Mitsubishi Heavy Industries
• Sumitomo Heavy Industries
• RAFAKO

FGD market segmentation for thermal power plants based on product

• Wet FGD systems
• Dry FGD systems

The wet FGD systems segment will account for the highest FGD market share. Although the market share of this segment will decrease, it will continue to dominate the market for the next five years. This report provides an accurate prediction of the contribution of all the segments to the growth of the FGD market size for thermal power plants.

FGD market segmentation for thermal power plants based on geographic region

• APAC
• EMEA
• The Americas

With a complete study of the growth opportunities for the companies, it has been identified that the APAC region will account for the highest share of the FGD market for thermal power plants throughout the forecast period.

Key highlights of the global FGD market for thermal power plants for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the FGD market for thermal power plants during the next five years
• Precise estimation of the global FGD market size for thermal power plants and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the FGD industry for thermal power plants across APAC, EMEA, and the Americas
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of FGD companies

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