The report is titled ‘Flue Gas Desulfurization (FGD) Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual Flue Gas Desulfurization (FGD)eworks, analytical approaches of the Flue Gas Desulfurization (FGD) market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Flue Gas Desulfurization (FGD) market is expected to grow at a significant rate in the near future.
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Flue Gas Desulfurization (FGD) Introduction
Flue-gas desulfurization can be understood as a set of technologies which is employed to expel sulfur dioxide from exhaust flue gases of fossil-fuel power plants, and from the exudations of other sulfur dioxide emitting procedures such as waste combustion.
Sulfur dioxide in gases is generated by the incineration of fossil fuels and most of the industrial operations such as gasoline refining as well as cement, glass, paper, iron, steel, and copper manufacturing.
The flue-gas desulfurization process helps in addressing the increasing environmental disputes and regulating plant emissions efficaciously. To support that, as per the report of the International Energy Agency, in March 2021, coal-fired power stations produced about 37% of worldwide electricity, making it the world’s biggest source of producing electricity. Such capabilities, on the contrary, are prone to generate pollutants, specifically Sulphur, which has a detrimental influence on the environment.
Flue Gas Desulfurization (FGD) Market Dynamics
The surged environmental concerns all around the world, in recent years, and the associated execution of environmental restrictions and laws on industrial exudations has been one of the primary factors driving the global flue gas desulfurization market’s growth. In addition to this, there has been increased consumption of energy owing to the growing industrialization as well as urbanization resulting in development of more and more industries, residential and commercial space worldwide, which has established a robust demand for flue gas desulfurization. Attributing to all said factors, the global flue gas desulfurization market is projected to grow significantly in the forthcoming years.
However, the high installation costs of the flue gas desulfurization systems are likely to be the major restraining factors for the market growth in the near future. Furthermore, greater waste disposal expenses related to desulfurization operations is further projected to slow down the market growth.
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Flue Gas Desulfurization (FGD) Market Segmentation
The global flue gas desulfurization (FGD) market is segmented on the basis of material type, end use industry and region.
By Material Type
- Wet FGD Systems
- Spray Dry FGD System
- Dry FGD System
By End Use Industry
- Power Plants
- Metal Processing & Mining
- North America
- Latin America
- Asia Pacific
- Middle East
Flue Gas Desulfurization (FGD) Market Key Players
The key participating players of the global Flue Gas Desulfurization (FGD) market include General Electric, Babcock & Wilcox Company, Chiyoda Corp., Mitsubishi Hitachi Power Systems, S.A. HAMON, Carmeuse, Thermax, Fujian Longking Co., Ltd., and Wuhan Kaidi Electric Power Environmental Co., Ltd., among others.
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