세계의 배연탈황(FGD) 시장 : 제품, 용도, 지역별(2024-2031년)

Flue Gas Desulfurization Fgd Market Valuation - 2024-2031

The Increasing variables of flue gas desulfurization market include tougher environmental rules and a greater awareness of air quality issues. Governments globally are enacting rigorous emission requirements to regulate SO2 levels from industrial and power production sources, creating demand for modern FGD systems, surpassing USD 18.63 Billion in 2024 and reachingUSD 26.09 Billion by 2031.

Furthermore, FGD systems are frequently utilized in areas like power generating, cement production, and steel manufacturing to reduce SO2 emissions from flue gases. FGD systems are crucial in power plants, particularly coal-fired ones, to meet regulatory standards and minimise environmental effect, market growth is expected to grow at aCAGR of about 4.30% from 2024 to 2031.

Flue Gas Desulfurization FGD Market: Definition/ Overview

Flue Gas Desulfurization (FGD) technologies remove sulfur dioxide (SO2) from industrial exhaust gases, especially in power plants, to reduce air pollution and comply with environmental requirements. FGDs are commonly used in coal-fired power plants and other industrial sites to reduce emissions and meet strict air quality regulations. The future scope of FGD technology is set to expand, pushed by rising regulatory demands and a global trend toward cleaner energy sources. Innovations in FGD systems are likely to focus on increasing efficiency, lowering operational costs, and integrating with developing technologies such as carbon capture and storage, which will strengthen their role in mitigating environmental impacts.

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Will Rising Adoption of Advancement of Technology Drive the Flue Gas Desulfurization (FGD) Market?

The increasing usage of innovative technologies is expected to drive the flue gas desulfurization (FGD) market significantly. Technological advances, such as the creation of more efficient wet, dry, and semi-dry FGD systems, improve the performance and cost-effectiveness of desulfurization operations. Improved sorbent materials, innovative scrubber designs, and integration with digital monitoring systems allow for greater control of sulfur dioxide emissions while lowering operational costs.

Furthermore, continued research and development in FGD technology are aimed at incorporating long-term solutions and enhancing system performance. Recent advancements, such as new high-efficiency FGD systems introduced by firms such as Mitsubishi Heavy Industries, and updated environmental legislation pushing technology improvements, highlight the market's dynamism.

Recent advancements underline the importance of technology in the FGD sector. For instance, in August 2024, Mitsubishi Heavy Industries announced the introduction of a new high-efficiency FGD system aimed at lowering operational costs and improving performance. Furthermore, in July 2024, the United States Environmental Protection Agency (EPA) issued updated guidelines supporting the use of sophisticated FGD technology to satisfy new sulfur dioxide emissions requirements. This legislative drive is consistent with research published in June 2024 by the International Energy Agency (IEA), which emphasizes the role of technical innovation in improving environmental compliance and supporting the expansion of the FGD sector.

Will High Initial Cost Hinder the Growth of the Flue Gas Desulfurization (FGD) Market?

Increasing high initial cost of Flue Gas Desulfurization (FGD) systems might be a substantial barrier to industry growth. The significant capital required for the installation of FGD systems, including equipment, infrastructure upgrades, and system integration, might deter many businesses, particularly smaller or financially restricted enterprises. This financial burden is especially significant for older plants that must modify existing systems to meet new emission limits, thereby slowing or postponing investments in FGD technology.

Furthermore, the high cost of FGD systems can slow market adoption, especially in developing countries with tighter budgets. While modern FGD technologies provide long-term benefits in terms of efficiency and regulatory compliance, the initial investment may limit their adoption. This might result in discrepancies in technology adoption between regions and industries, impeding the overall growth of the FGD market.

However, the market is evolving with a variety of solutions to address these cost concerns. Governments and regulatory agencies frequently offer incentives, subsidies, or financial assistance to encourage the use of emission-control systems. Furthermore, technological developments and economies of scale may reduce the long-term costs of FGD systems, making them more accessible and cheap. As these elements change, they may reduce some of the financial barriers to continuing expansion in the FGD sector.

Category-Wise Acumens

Will Rising Demand of Wet FGD System Fuel the Flue Gas Desulfurization (FGD) Market?

Rising demand for wet flue Gas Desulfurization (FGD) systems is expected to drive market expansion. Wet FGD systems are highly efficient at removing sulphur dioxide (SO2) from flue gases, making them a preferred alternative for industries and power plants with strict emission standards. Wet FGD systems are predicted to gain popularity as worldwide environmental requirements tighten and control SO2 emissions become more important. Their ability to capture high percentages of SO2 and manage enormous amounts of flue gas make them increasingly popular.

Furthermore, wet FGD systems have the advantage of producing commercially viable byproducts, such as gypsum, which can be used in construction materials. This by-product utilisation not only offsets certain operational expenses, but it also contributes to sustainability goals by reducing waste. Wet FGD systems are more appealing to industries due to their ability to efficiently remove SO2 and generate byproducts.

However, while there is an increasing demand for wet FGD systems, they are more expensive to operate and maintain than other types of FGD. Despite obstacles, the market for wet FGD systems is growing due to increasing environmental restrictions and the necessity for robust SO2 control measures. As technological improvements enhance efficiency and lower prices, the wet FGD segment is predicted to grow significantly, propelling the total FGD market forward.

Will Power Generation propel the Flue Gas Desulfurization (FGD) Market?

The increasing power generation is a significant driver that is expected to advance the Flue Gas Desulfurization (FGD) industry. Power stations, particularly coal-fired ones, are substantial sources of sulphur dioxide (SO2) emissions. As environmental requirements become more strict, these facilities must employ effective desulfurization systems. Demand for FGD systems in power generation arises from rules requiring reductions in SO2 emissions to reduce air pollution and preserve public health.

Furthermore, as global energy demand rises and power generation capacity develops, especially in emerging nations, the use of FGD systems is critical to mitigating the environmental impact of increased energy output. Power plants are investing in FGD technology to improve environmental performance and remain operational in the face of changing regulatory climates. The installation of sophisticated FGD systems enables these plants to fulfil emission regulations while continuing to function, contributing to greener energy generation.

Despite efforts to promote renewable energy, coal and other fossil fuels continue to play an important role in the energy mix, particularly in locations where renewables are not yet entirely viable. Because of our continuous reliance on fossil fuels, electricity generation will remain an important area for the development of FGD technology.

Country/Region-wise

Will Rising Demand of Regulatory Compliance in North America Drive the Flue Gas Desulfurization (FGD) Market?

The increasing requirement for regulatory compliance in North America is expected to considerably drive the Flue Gas Desulfurization (FGD) industry. North America, especially the United States and Canada, have strict environmental rules to reduce sulphur dioxide (SO2) emissions from industrial operations and power stations. Advanced FGD systems are necessary to comply with regulations like the EPA's SO2 emission restrictions.

In addition to regulatory pressure, the growing emphasis on environmental sustainability and public health boosts demand for FGD systems. Regulatory bodies are constantly revising and strengthening emission rules to combat the effects of air pollution, causing facilities to use more effective desulfurization methods. This legislative trend provides a consistent market for FGD systems as businesses prioritise fulfilling evolving standards and demonstrating their commitment to environmental stewardship.

Furthermore, the drive for regulatory compliance is aided by government incentives and subsidies that promote the use of pollution control systems. These financial incentives can help offset the high initial costs associated with FGD systems, making them more affordable to a wider range of establishments. As North American rules continue to emphasise rigorous emission controls, demand for FGD systems is projected to remain high, driving market growth and supporting advances in desulfurization technology.

Will Rapid Industrialization in Asia-Pacific Propel the Flue Gas Desulfurization (FGD) Market?

Increasing rapid industrialization in Asia-Pacific is expected to greatly boost the Flue Gas Desulfurization (FGD) industry. China and India's economic expansion requires massive industrial development, which leads to increasing energy production and industrial activities that emit significant amounts of sulphur dioxide. To address the environmental impact of increased industrialization and meet emerging air quality regulations, there is a growing demand for effective FGD technology.

The Asian-Pacific area is moving towards stronger environmental rules and increased enforcement of emission limits. Governments are implementing and upgrading rules to reduce pollution and enhance air quality, encouraging industry to use modern FGD systems. This regulatory pressure has accelerated the use of desulfurization systems in a variety of industrial sectors, including power generating, cement production, and steel manufacturing.

The growing emphasis on sustainable development and environmental responsibility among governments and enterprises in the Asia-Pacific region is driving demand for FGD systems. Industrial facilities are investing in modern FGD solutions to meet regulatory requirements, as well as to match with global sustainability goals and improve environmental performance.

Competitive Landscape

The competitive landscape of the Flue Gas Desulfurization (FGD) market is marked by a mix of global technology leaders and regional specialists. Major players such as Mitsubishi Heavy Industries, GE Power, and Siemens dominate with their advanced and scalable FGD solutions, leveraging extensive R&D investments to enhance system efficiency and compliance with stringent environmental regulations. Regional competitors, including Babcock & Wilcox and Doosan Lentjes, add to the competitive dynamics by focusing on localized market needs and regulatory requirements. The market is further shaped by strategic alliances, mergers, and acquisitions, which enable companies to expand their technological capabilities and market reach.

Some of the prominent players operating in the flue gas desulfurization (FGD) market include:

Mitsubishi Heavy Industries

General Electric

Doosan Lentjes

Babcock& Wilcox Enterprises

Rafko

Siemens

Flsmidth

Hamon Corporation

Clyde Bergemann Power Group

Latest Developments

In August 2024, Mitsubishi Heavy Industries announced a massive expansion of its FGD system manufacturing facilities in Japan. This development is intended to increase production capacity and fulfill rising global demand for innovative desulfurization technology, demonstrating the company's commitment to improving its market position.

In July 2024,GE Power signed a large contract to supply innovative FGD equipment to a new coal-fired power station in India. This contract demonstrates GE Power's strategic focus on emerging markets and its role in assisting countries with strict emission requirements.

In May 2024,Doosan Lentjes introduced a new semi-dry FGD technology aimed at increasing efficiency and lowering operational expenses. The introduction signifies a step forward in desulfurization technology and demonstrates the company's commitment to providing cost-effective and sustainable solutions to its customers.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY PRODUCT

• 5.1 Overview
• 5.2 Wet FGD System
• 5.3 Dry & Semi-dry FGD Systems

6 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Power Generation
• 6.3 Chemical Industry
• 6.4 Iron and Steel
• 6.5 Others

7 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY GEOGRAPHY

• 7.1 Overview
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 U.K.
  • 7.3.3 France
  • 7.3.4 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Japan
  • 7.4.3 India
  • 7.4.4 Rest of Asia Pacific
• 7.5 Rest of the World
  • 7.5.1 Latin America
  • 7.5.2 Middle East and Africa

8 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET COMPETITIVE LANDSCAPE

• 8.1 Overview
• 8.2 Company Market Ranking
• 8.3 Key Development Strategies

9 COMPANY PROFILES

• 9.1 General Electric
  • 9.1.1 Overview
  • 9.1.2 Financial Performance
  • 9.1.3 Product Outlook
  • 9.1.4 Key Developments
• 9.2 Mitsubishi Heavy Industries
  • 9.2.1 Overview
  • 9.2.2 Financial Performance
  • 9.2.3 Product Outlook
  • 9.2.4 Key Developments
• 9.3 Doosan Lentjes
  • 9.3.1 Overview
  • 9.3.2 Financial Performance
  • 9.3.3 Product Outlook
  • 9.3.4 Key Developments
• 9.4 Clyde Bergemann Power Group
  • 9.4.1 Overview
  • 9.4.2 Financial Performance
  • 9.4.3 Product Outlook
  • 9.4.4 Key Developments
• 9.5 Babcock & Wilcox Enterprises
  • 9.5.1 Overview
  • 9.5.2 Financial Performance
  • 9.5.3 Product Outlook
  • 9.5.4 Key Developments
• 9.6 Rafko
  • 9.6.1 Overview
  • 9.6.2 Financial Performance
  • 9.6.3 Product Outlook
  • 9.6.4 Key Developments
• 9.7 Siemens
  • 9.7.1 Overview
  • 9.7.2 Financial Performance
  • 9.7.3 Product Outlook
  • 9.7.4 Key Developments
• 9.8 Andritz
  • 9.8.1 Overview
  • 9.8.2 Financial Performance
  • 9.8.3 Product Outlook
  • 9.8.4 Key Developments
• 9.9 Hamon Corporation
  • 9.9.1 Overview
  • 9.9.2 Financial Performance
  • 9.9.3 Product Outlook
  • 9.9.4 Key Developments
• 9.10 Flsmidth
  • 9.10.1 Overview
  • 9.10.2 Financial Performance
  • 9.10.3 Product Outlook
  • 9.10.4 Key Developments

10 Appendix

• 10.1 Related Research