Thereport, titled “FGD Market for new FGD systems Reagents andReplacement Applications - Global Industry Analysis, Size, Share, Growth,Trends and Forecast, 2012 - 2019”, published by the marketintelligence company Transparency Market Research presents an overview of the global flue gasdesulfurization systems market. The report also includeshistorical data and a statistically refined forecast for all the marketsegments covered in the report.
Withthe help of Porter’s five forces analysis, market attractive analysis, andvalue chain analysis, the report analyzes the overall competitive landscape ofthe global FGD market.The report states that the global flue gasdesulfurization market had a valuation of US$14.9 bn in 2012. Projected toexpand at a 5.80% CAGR between 2013 and 2019, the market is expected to rise toUS$22.2 bn by 2019.
Powerplants that utilize a variety of fossil fuels release sulfur dioxide along withflue gas, causing harmful effects on the environment. Flue gas desulfurizationsystems are thus used to remove sulfur from flue gas and render it less harmfulfor the environment. The ever-expanding demand for power across the globe hasled to a huge power generation market. With the rising consumption of a varietyof fossil fuels in the rapidly expanding power industry, there has been anincreased demand for flue gas desulfurization systems. Stringent governmentregulations in some regions have also mandated the use of flue gasdesulfurization systems to make sure that the gases released into the air arenot very harmful for the general population. Another major factor leading tothe increased adoption of FGD systems is the need to replace worn out FGDcomponents every year for smooth functioning of the overall system.
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Thereport segments the global FGD systems market on the basis of three criteria:application, technology, and geography. On the basis of application, the marketis segmented into new flue gas desulfurization systems and reagents andreplacement systems.
Based ontechnology, the market is segmented into wet FGD systems and dry FGD systems.On the basis of geography, the market is segmented into North America, AsiaPacific, Europe, and the Rest of the World (Brazil, Africa, and the MiddleEast).
Of the keyapplications of FGD system studied in the report, the segment of reagents andreplacement holds the major share in the global market. Of the key FGD systemtechnologies, the market segment of wet FGD systems had a clear dominance onthe global market in 2012, when it acquired an 84% share in the market. Thismarket segment is also expected to maintain its dominant position in the marketover the report’s forecast period.
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Interms of geography, the Asia Pacific market dominated the global FGD market in2012, accounting for a 54.38% share.
Some of thekey businesses operating in the market include Alstom, Marsulex EnvironmentalTechnologies (MET) Hamon RC, Siemens Energy, Thermax, Ducon Technologies,Babcock & Wilcox, and Mitsubishi Heavy Industries (MHI).
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