The recent research, Flue Gas Desulphurization (FGD) market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Flue Gas Desulphurization (FGD) marketensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The global Flue Gas Desulphurization (FGD) market is expected to reach USD 23.49 Billion by 2026, according to a new report by Reports and Data. These equipment removes sulfur dioxide from the flue gas before it is emitted. When fossil fuels are burned in power plants such as oil and coal combustion unit, these equipment lowers sulfur dioxide and greenhouse gas emissions.
APAC is estimated to be the highest growing region owing to the rising population levels in China and India. Government policies will boost the market. The demand for power generation in this region due to the growing infrastructure and industrialization is set to fuel the growth if Flue Gas Desulphurization (FGD) in this region. Europe has strict regulations for Sulfur emission and is one of the leading users of Flue Gas Desulphurization (FGD).
Key participants include
Marsulex Environmental Technologies Corporation, Clyde Bergemann Power Group, Inc, Hamon Corporation, FLSmidth & Co. A/S, Siemens AG, Rafako S.A., Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, General Electric Company, and Mitsubishi Heavy Industries, Ltd.
Market segment based on the Type:
· Tubular
· Planar
Market segment based on Mobility:
· Stationery
· Portable
Market segment based on End-users:
· Data center
· Commercial & Residential
· Retail
· Others
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Further key findings from the report suggest
- The rise in demand for energy and stringent regulations for environmental benefit is set to increase the market for Flue Gas Desulphurization (FGD).
- Expensive installation and waste disposal cost are still challenges faced by the manufacturers and is limiting the market’s growth.
- Emerging countries like China, India, and Brazil are some of the regions that are paving the way for the growth of the market.
- On the basis of Type, Wet FGD is expected to have a larger market share as they are mainly used in industrial plants owing to their higher efficiency in removing sulfur dioxide.
- Utilization of coal in the industry is maximum, government across the globe has strict policies to install wet FGD.
- Power generation segment in the End-User sector is expected to lead the market as most of the countries still use coal for electricity generation.
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