Flue Gas Desulfurization (FGD) System Market to grow by USD 3,355.71 million from 2022 to 2027 | AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., and more to emerge as key players- Technavio

NEW YORK, July 14, 2023 /PRNewswire/ -- The global flue gas desulfurization (FGD) system market size is estimated to increase by USD 3,355.71 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.02% during the forecast period. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., Doosan Corp., Ducon Infratechnologies Ltd., Enviropol, FLSmidth and Co. AS, Fujian Longking Co. Ltd., General Electric Co., John Wood Group PLC, Kawasaki Heavy Industries Ltd., KraftPowercon Sweden AB, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis Doo Trbovlje, Steinmuller Engineering GmbH, Sudarshan Chemical Industries Ltd., Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Corp.- Download a Sample Report Now!

Fuel Gas Desulfurization (FGD) System Market Insights -

• Vendors: 15+, Including AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., Doosan Corp., Ducon Infratechnologies Ltd., Enviropol, FLSmidth and Co. AS, Fujian Longking Co. Ltd., General Electric Co., John Wood Group PLC, Kawasaki Heavy Industries Ltd., KraftPowercon Sweden AB, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis Doo Trbovlje, Steinmuller Engineering GmbH, Sudarshan Chemical Industries Ltd., Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Wet FGD and Dry FGD), End-user (Power plants, Iron and steel, Chemicals, Cement, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

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Flue Gas Desulfurization (FGD) System Market – Market Dynamics

Major Drivers - 

Implementation of new emission norms in industries is a major driver for the growth of the FGD market during the forecast period. The largest source of carbon and GHG emissions are industries, resulting in the need for complex systems to collect and monitor environmental pollutants. Industries use a variety of processes that release various pollutants.

They have an impact on both the nearby industrial equipment and the workforce. Flue gas pollutants can lead to chronic lung diseases, which are constantly monitored and reduced through the use of FGD systems. Resultantly, it guarantees a secure work environment for employees and lessens carbon emissions, enabling industries to meet their emission-related goals.

Key Trends - 

The flourishing FGD gypsum market is an emerging FGD systems market trend shaping market growth. Gypsum is produced as a by-product of the FGD process. This is known as FGD gypsum. Additionally, lime reagents or limestone are used in wet scrubber systems for the FGD process. As a result of the oxidation of the lime reagent or limestone, the FGD process produces FGD gypsum.

FGD gypsum is used in a variety of industries, which include mining, agriculture, construction, and water treatment. Due to the growing construction and cement industries and the increasing number of infrastructure projects, particularly in developing countries, the demand for FGD gypsum is growing. Hence, such factors will propel the growth of the global FGD system market during the forecast period.

Major challenges - 

Wastewater disposal issues associated with wet FGD systems are a major challenge hindering FGD system market growth. Wet scrubbers are frequently used because of their high efficiency in FGD systems. But these systems use a lot of water, which needs to be properly disposed of after use, and resources for freshwater are running out.

However, as the world's population rises, there is a greater need for freshwater resulting in governments all over the world creating strict laws governing water quality and water waste. Hence, wastewater disposal issues associated with wet FGD systems will negatively affect the growth of the global FGD system market during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The flue gas desulfurization (FGD) system market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Flue Gas Desulfurization (FGD) System Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Flue Gas Desulfurization (FGD) System Market between 2023 and 2027
• Precise estimation of the size of the Flue Gas Desulfurization (FGD) System Market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Flue Gas Desulfurization (FGD) System Market across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Flue Gas Desulfurization (FGD) System Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global flue gas desulfurization (FGD) system market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global flue gas desulfurization (FGD) system market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Wet FGD - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Wet FGD - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Wet FGD - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Wet FGD - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wet FGD - Year-over-year growth 2022-2027 (%)

• 6.4 Dry FGD - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Dry FGD - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Dry FGD - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Dry FGD - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Dry FGD - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Power plants - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Power plants - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Power plants - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Power plants - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Power plants - Year-over-year growth 2022-2027 (%)

• 7.4 Iron and steel - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Iron and steel - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Iron and steel - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Iron and steel - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Iron and steel - Year-over-year growth 2022-2027 (%)

• 7.5 Chemicals - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Chemicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Chemicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)

• 7.6 Cement - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Cement - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Cement - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Cement - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Cement - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 68: Market opportunity by End-user ($ million)
• Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027 
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027 
• Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Russia - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Andritz AG
• Exhibit 123: Andritz AG - Overview
• Exhibit 124: Andritz AG - Business segments
• Exhibit 125: Andritz AG - Key offerings
• Exhibit 126: Andritz AG - Segment focus

• 12.4 Babcock and Wilcox Enterprises Inc. 
• Exhibit 127: Babcock and Wilcox Enterprises Inc. - Overview
• Exhibit 128: Babcock and Wilcox Enterprises Inc. - Business segments
• Exhibit 129: Babcock and Wilcox Enterprises Inc. - Key news
• Exhibit 130: Babcock and Wilcox Enterprises Inc. - Key offerings
• Exhibit 131: Babcock and Wilcox Enterprises Inc. - Segment focus

• 12.5 Doosan Corp.
• Exhibit 132: Doosan Corp. - Overview
• Exhibit 133: Doosan Corp. - Business segments
• Exhibit 134: Doosan Corp. - Key offerings
• Exhibit 135: Doosan Corp. - Segment focus

• 12.6 Ducon Infratechnologies Ltd. 
• Exhibit 136: Ducon Infratechnologies Ltd. - Overview
• Exhibit 137: Ducon Infratechnologies Ltd. - Product / Service
• Exhibit 138: Ducon Infratechnologies Ltd. - Key offerings

• 12.7 Enviropol
• Exhibit 139: Enviropol - Overview
• Exhibit 140: Enviropol - Product / Service
• Exhibit 141: Enviropol - Key offerings

• 12.8 FLSmidth and Co. AS
• Exhibit 142: FLSmidth and Co. AS - Overview
• Exhibit 143: FLSmidth and Co. AS - Business segments
• Exhibit 144: FLSmidth and Co. AS - Key news
• Exhibit 145: FLSmidth and Co. AS - Key offerings
• Exhibit 146: FLSmidth and Co. AS - Segment focus

• 12.9 General Electric Co.
• Exhibit 147: General Electric Co. - Overview
• Exhibit 148: General Electric Co. - Business segments
• Exhibit 149: General Electric Co. - Key news
• Exhibit 150: General Electric Co. - Key offerings
• Exhibit 151: General Electric Co. - Segment focus

• 12.10 John Wood Group PLC
• Exhibit 152: John Wood Group PLC - Overview
• Exhibit 153: John Wood Group PLC - Business segments
• Exhibit 154: John Wood Group PLC - Key offerings
• Exhibit 155: John Wood Group PLC - Segment focus

• 12.11 Kawasaki Heavy Industries Ltd. 
• Exhibit 156: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 157: Kawasaki Heavy Industries Ltd. - Business segments
• Exhibit 158: Kawasaki Heavy Industries Ltd. - Key news
• Exhibit 159: Kawasaki Heavy Industries Ltd. - Key offerings
• Exhibit 160: Kawasaki Heavy Industries Ltd. - Segment focus

• 12.12 KraftPowercon Sweden AB 
• Exhibit 161: KraftPowercon Sweden AB - Overview
• Exhibit 162: KraftPowercon Sweden AB - Product / Service
• Exhibit 163: KraftPowercon Sweden AB - Key offerings

• 12.13 Mitsubishi Heavy Industries Ltd. 
• Exhibit 164: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 165: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 166: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 167: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 168: Mitsubishi Heavy Industries Ltd. - Segment focus

• 12.14 Sudarshan Chemical Industries Ltd. 
• Exhibit 169: Sudarshan Chemical Industries Ltd. - Overview
• Exhibit 170: Sudarshan Chemical Industries Ltd. - Business segments
• Exhibit 171: Sudarshan Chemical Industries Ltd. - Key offerings
• Exhibit 172: Sudarshan Chemical Industries Ltd. - Segment focus

• 12.15 Thermax Ltd.
• Exhibit 173: Thermax Ltd. - Overview
• Exhibit 174: Thermax Ltd. - Business segments
• Exhibit 175: Thermax Ltd. - Key news
• Exhibit 176: Thermax Ltd. - Key offerings
• Exhibit 177: Thermax Ltd. - Segment focus

• 12.16 Tsukishima Kikai Co. Ltd. 
• Exhibit 178: Tsukishima Kikai Co. Ltd. - Overview
• Exhibit 179: Tsukishima Kikai Co. Ltd. - Business segments
• Exhibit 180: Tsukishima Kikai Co. Ltd. - Key offerings
• Exhibit 181: Tsukishima Kikai Co. Ltd. - Segment focus

• 12.17 Valmet Corp.
• Exhibit 182: Valmet Corp. - Overview
• Exhibit 183: Valmet Corp. - Business segments
• Exhibit 184: Valmet Corp. - Key offerings
• Exhibit 185: Valmet Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 186: Inclusions checklist
• Exhibit 187: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 188: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 189: Research methodology
• Exhibit 190: Validation techniques employed for market sizing
• Exhibit 191: Information sources

• 13.5 List of abbreviations 
• Exhibit 192: List of abbreviations 

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