Flue Gas Desulfurization Market to Rear Excessive Growth During 2019
The
report, titled “FGD Market for new FGD systems Reagents and
Replacement Applications - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012 - 2019”, published by the market
intelligence company Transparency Market Research presents an
overview of the global flue gas desulfurization systems market. The
report also includes historical data and a statistically refined
forecast for all the market segments covered in the report.
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Report Overview @
With
the help of Porter’s five forces analysis, market attractive
analysis, and value chain analysis, the report analyzes the overall
competitive landscape of the global FGD market.The report states that
the global flue gas desulfurization market had a valuation of US$14.9
bn in 2012. Projected to expand at a 5.80% CAGR between 2013 and
2019, the market is expected to rise to US$22.2 bn by 2019.
Power
plants that utilize a variety of fossil fuels release sulfur dioxide
along with flue gas, causing harmful effects on the environment. Flue
gas desulfurization systems are thus used to remove sulfur from flue
gas and render it less harmful for the environment. The
ever-expanding demand for power across the globe has led to a huge
power generation market. With the rising consumption of a variety of
fossil fuels in the rapidly expanding power industry, there has been
an increased demand for flue gas desulfurization systems. Stringent
government regulations in some regions have also mandated the use of
flue gas desulfurization systems to make sure that the gases released
into the air are not very harmful for the general population. Another
major factor leading to the increased adoption of FGD systems is the
need to replace worn out FGD components every year for smooth
functioning of the overall system.
Key
technologies analyzed in the report include wet and dry FGD systems.
FGD application market segments estimated in this study include new
FGD systems, reagents (lime, limestone and sea water) and replacement
market (FGD equipment and components). Regional data has been
provided for North America, Europe, Asia Pacific, and Rest of the
World (RoW). It also provides detailed analysis, historical data, and
statistically refined forecast for the segments covered.
Based
on technology, the market is segmented into wet FGD systems and dry
FGD systems. On the basis of geography, the market is segmented into
North America, Asia Pacific, Europe, and the Rest of the World
(Brazil, Africa, and the Middle East).
Of
the key applications of FGD system studied in the report, the segment
of reagents and replacement holds the major share in the global
market. Of the key FGD system technologies, the market segment of wet
FGD systems had a clear dominance on the global market in 2012, when
it acquired an 84% share in the market. This market segment is also
expected to maintain its dominant position in the market over the
report’s forecast period.
In
terms of geography, the Asia Pacific market dominated the global FGD
market in 2012, accounting for a 54.38% share.
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Some
of the key businesses operating in the market include Alstom,
Marsulex Environmental Technologies (MET) Hamon RC, Siemens Energy,
Thermax, Ducon Technologies, Babcock & Wilcox, and Mitsubishi
Heavy Industries (MHI).
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