Flue Gas Desulfurization (FGD) Market Analysis By Technology (Wet FGD Systems, Dry FGD Systems), By Application (New Systems, Reagents & Replacements) And Segment Forecasts To 2020

Published: Aug, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Power | Report Format: Electronic (PDF)

Global Flue Gas Desulfurization (FGD) Market By Technology (Wet FGD Systems, Dry FGD Systems), By Application (New Systems, Reagents & Replacements) Is Expected To Reach USD 23.69 Billion By 2020
August 2014
The global market for flue gas desulfurization is expected to reach USD 23.69 billion by 2020. Flue gas desulfurization market demand is expected to increase owing to growth in demand for electricity. In addition, stringent government regulations regarding emissions of harmful gases in the environment are also expected to drive the FGD market over the forecast period.

New FGD systems were the largest application segment accounting for USD 8.14 billion of global market revenue in 2013. Increasing number of coal-fired power plants in emerging economies is expected to be a key reason for high demand of new FGD systems. Flue gas desulfurization is also used in reagent & replacement applications, which were valued at USD 7.65 billion in 2013.

Further key findings from the study suggest:

Wet FGD systems dominated new FGD market and generated USD 6.86 billion in revenue in 2013 due to higher efficiency and low maintenance characteristics in comparison to other systems. Dry FGD systems are expected to witness the fastest growth, at an estimated CAGR of 5.5% from 2014 to 2020.
Reagents & replacement is expected to be the fastest growing application, at an estimated CAGR of 6.9% from 2014 to 2020. Existing/old systems are expected to generate continuous demand for reagents and equipment replacement. This is expected to boost the equipment replacement systems market over the forecast period.
Asia Pacific was the largest flue gas desulfurization market; it was valued at USD 8.52 billion in 2013 and is expected to witness the fastest growth, at an estimated CAGR of 10.2% from 2014 to 2020. The primary reason for expected growth is the high demand for new FGD systems along with rise in equipment repairs for existing FGD systems in emerging and high-growth markets of China, India, Japan, South Korea and Taiwan.
Key companies in the market include Alstom S.A., Babcock & Wilcox, Siemens Energy, Thermax, Ducon Technologies Inc., Hamon Research-Cottrell, Mitsubishi Heavy Industries, and Marsulex Environmental Technologies.
For the purpose of this study, Grand View Research has segmented the global flue gas desulfurization market on the basis of technology, application and region:

     Flue Gas Desulfurization Technology Outlook (Revenue, USD Million, 2012 - 2020)
             Wet FGD Systems
             Dry FGD Systems
     Flue Gas Desulfurization Application Outlook (Revenue, USD Million, 2012 - 2020)
             New FGD Systems
             Reagents & Replacements
     Flue Gas Desulfurization Regional Outlook (Revenue, USD Million, 2012 - 2020)
             North America 
             Europe 
             Asia Pacific 
             RoW

 Table of Contents
Chapter 1 Executive Summary

              1.1 Flue Gas Desulfurization - Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Flue Gas Desulfurization Industry Outlook

              2.1 Market Segmentation

              2.2 Market Size and Growth Prospects

              2.3 Flue Gas Desulfurization Value Chain Analysis

              2.4 Flue Gas Desulfurization Market Dynamics

                  2.4.1 Market driver analysis

                      2.4.1.1 Stringent environmental regulations

                      2.4.1.2 Rising electricity demand and growing environmental concerns

                  2.4.2 Market restraint analysis

                      2.4.2.1 High costs along with shift towards renewable energy

              2.5 Key Opportunities Prioritized

              2.6 Industry Analysis - Porter's

              2.7 Flue Gas Desulfurization - PESTEL Analysis

Chapter 3 Flue Gas Desulfurization Technology Outlook

              3.1 Wet Flue Gas Desulfurization Systems

                  3.1.1 market estimates and forecasts, 2012-2020 (USD Million)

              3.2 Dry Flue Gas Desulfurization Systems

                  3.2.1 market estimates and forecasts, 2012-2020 (USD Million)

Chapter 4 Flue Gas Desulfurization Application Outlook

              4.1 New Flue Gas Desulfurization Systems

                  4.1.1 market estimates and forecasts, 2012-2020 (USD Million)

              4.2 Reagents and Replacements

                  4.2.1 market estimates and forecasts, 2012-2020 (USD Million)

Chapter 5 Flue Gas Desulfurization Regional Outlook

              5.1 North America

                  5.1.1 Flue gas desulfurization market estimates and forecasts, by technology, 2012-2020 (USD Million)

                  5.1.2 Flue gas desulfurization market estimates and forecast, by application, 2012-2020 (USD million)

              5.2 Europe

                  5.2.1 Flue gas desulfurization market estimates and forecasts, by technology, 2012-2020 (USD Million)

                  5.2.2 Flue gas desulfurization market estimates and forecast by application, 2012-2020 (USD million)

              5.3 Asia Pacific

                  5.3.1 Flue gas desulfurization market estimates and forecasts, by technology, 2012-2020 (USD Million)

                  5.3.2 Flue gas desulfurization market estimates and forecast by application, 2012-2020 (USD million)

              5.4 RoW

                  5.4.1 Flue gas desulfurization market estimates and forecasts, by technology, 2012-2020 (USD Million)

                  5.4.2 Flue gas desulfurization market estimates and forecast by application, 2012-2020 (USD million)

Chapter 6 Flue Gas Desulfurization Competitive Landscape

             6.1 Alstom S.A.

                  6.1.1 Company Overview

                  6.1.2 Financial Performance

                  6.1.3 Product Benchmarking

                  6.1.4 Strategic Initiatives

             6.2 Babcock and Wilcox Company

                  6.2.1 Company Overview

                  6.2.2 Financial Performance

                  6.2.3 Product Benchmarking

                  6.2.4 Strategic Initiatives

             6.3 China Boqi

                  6.3.1 Company Overview

                  6.3.2 Financial Performance

                  6.3.3 Product Benchmarking

                  6.3.4 Strategic Initiatives

             6.4 Chiyoda Corporation

                  6.4.1 Company Overview

                  6.4.2 Financial Performance

                  6.4.3 Product Benchmarking

                  6.4.4 Strategic Initiatives

             6.5 Ducon Technologies Inc.

                  6.5.1 Company Overview

                  6.5.2 Financial Performance

                  6.5.3 Product Benchmarking

                  6.5.4 Strategic Initiatives

             6.6 Hitachi Power System America Ltd.

                  6.6.1 Company Overview

                  6.6.2 Financial Performance

                  6.6.3 Product Benchmarking

                  6.6.4 Strategic Initiatives

             6.7 Hamon Research-Cottrell

                  6.7.1 Company Overview

                  6.7.2 Financial Performance

                  6.7.3 Product Benchmarking

                  6.7.4 Strategic Initiatives

             6.8 Lonjing Environment Technology Co. Ltd

                  6.8.1 Company Overview

                  6.8.2 Financial Performance

                  6.8.3 Product Benchmarking

                  6.8.4 Strategic Initiatives

             6.9 Mitsubishi Heavy Industries, Ltd.

                  6.9.1 Company Overview

                  6.9.2 Financial Performance

                  6.9.3 Product Benchmarking

                  6.9.4 Strategic Initiatives

             6.10 Marsulex Environmental Technologies

                  6.10.1 Company Overview

                  6.10.2 Financial Performance

                  6.10.3 Product Benchmarking

                  6.10.4 Strategic Initiatives

             6.11 Siemens Energy

                  6.11.1 Company Overview

                  6.11.2 Financial Performance

                  6.11.3 Product Benchmarking

                  6.11.4 Strategic Initiatives

             6.12 Thermax

                  6.12.1 Company Overview

                  6.12.2 Financial Performance

                  6.12.3 Product Benchmarking

                  6.12.4 Strategic Initiatives

Chapter 7 Methodology & Scope

              7.1 Research Methodology

              7.2 Research Scope & Assumptions

              7.3 List of Data Sources


List of Tables


Flue gas desulfurization - Industry Summary & Critical Success Factors (CSFs)
Flue gas desulfurization market revenue, 2012 - 2020
Flue gas desulfurization - Key driver analysis
Flue gas desulfurization - Key restraint analysis
Global wet flue gas desulfurization systems demand, (revenue), 2012-2020
Global wet flue gas desulfurization systems demand, by region, (revenue), 2012-2020
Global dry flue gas desulfurization systems demand, (revenue), 2012-2020
Global dry flue gas desulfurization systems demand, by region, (revenue), 2012-2020
Global flue gas desulfurization demand in new FGD systems, (revenue), 2012-2020
Global flue gas desulfurization demand in new FGD systems, by region, (revenue), 2012-2020)
Global flue gas desulfurization demand in reagents & replacements, (revenue), 2012-2020
Global flue gas desulfurization demand in reagents & replacements, by region, (revenue), 2012-2020)
North America flue gas desulfurization market revenue, by technology, 2012 - 2020 (USD Million)
North America flue gas desulfurization market revenue, by application, 2012 - 2020 (USD Million)
Europe flue gas desulfurization market revenue, by technology, 2012 - 2020 (USD Million)
Europe flue gas desulfurization market revenue, by application, 2012 - 2020 (USD Million)
Asia Pacific flue gas desulfurization market revenue, by technology, 2012 - 2020 (USD Million)
Asia Pacific flue gas desulfurization market revenue, by application, 2012 - 2020 (USD Million)
RoW flue gas desulfurization market revenue, by technology, 2012 - 2020 (USD Million)
RoW flue gas desulfurization market revenue, by application, 2012 - 2020 (USD Million)

List of Figures

Flue gas desulfurization market segmentation
Global Flue gas desulfurization market (Revenue), 2012 - 2020
Flue gas desulfurization - Value chain analysis
Flue gas desulfurization - Market dynamics
Key opportunities prioritized
Industry analysis - Porter's
Flue gas desulfurization PESTEL analysis, 2013
Global flue gas desulfurization market share, by technology 2013 & 2020
Global wet flue gas desulfurization systems demand, (revenue), 2012-2020
Global dry flue gas desulfurization systems demand, (revenue), 2012-2020
Global flue gas desulfurization market share, by application 2013 & 2020
Global flue gas desulfurization demand in new FGD systems, (revenue), 2012-2020
Global flue gas desulfurization demand in reagents & replacements, (revenue), 2012-2020
North America flue gas desulfurization market estimates and forecast, 2012-2020 (USD million)
Europe flue gas desulfurization market estimates and forecast, 2012-2020 (USD million)
Asia Pacific flue gas desulfurization market estimates and forecast, 2012-2020 (USD million)
RoW flue gas desulfurization market estimates and forecast, 2012-2020 (USD million)