Global Flue Gas Desulfurization Systems Market: The increasing demand of FGD by power generation ssegment is driving the the market.

The FGD systems market is projected to grow from USD 17.25 billion in 2020 to USD 26.90 billion by 2027, at a CAGR of 6.6 % from 2020 to 2027. The FGD systems market has been witnessing consistent growth owing to the increasing concerns regarding environmental pollution, growing prevalence of airborne diseases, and enforcement of environmental laws & regulations. The rise in demand for FGD systems from the power generation, chemical, iron & steel, and cement & manufacturing industries is expected to drive the market globally. Stringent environmental regulations focused on the control of excessive industrial sulfur dioxide emissions are further expected to drive the growth of the market during the forecast period.

Based on type, the market has been segmented into wet and dry & semi-dry FGD systems. Key factors responsible for the adoption of wet FGD technology are its high removal efficiency, high emission standards set by federal governments, an increase in electricity demand, and an increase in the number of coal-fired power plants in emerging economies. The growth of the wet FGD systems segment can also be attributed to its early commercial deployment in 1970 and its high efficiency in terms of SO2 removal. Moreover, the by-product of typical wet FGD systems, which use limestone as a reagent, is gypsum. This can be marketed to cement and wallboard manufacturers and the fertilizer industry.

Based on end-use industry, the power generation end-use industry segment accounted for the largest share of the global FGD market in 2019. Coal-fired power plants are the major source of sulfur pollutants, due to the usage of high sulfur content coals in power plants. Therefore, increased power generation is the reason for the dominance of the power generation segment over other end-use industries.

Key players in this market are Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Ltd. (India), and Andritz AG (Austria), Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Ltd. (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany).