Global Flue Gas Desulphurization System Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global flue gas desulphurization system market will account to an estimated USD 16.94 billion in 2018 growing at a CAGR of 5.73% during the forecast period of 2019 to 2026.

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Global Flue Gas Desulphurization System Market:

Flue gas desulphurization system can be defined as the whole process of removal of sulphur oxide from sulphur emitting end-sources, such as power plants and factories. Wet scrubbing and dry scrubbing process constitute of the entire flue gas desulphurization system. Wet systems helps in achieving the highest efficiency and effectiveness whereas dry is the least efficient method.

Segmentation: Global Flue Gas Desulphurization System Market

Global flue gas desulphurization system market is segmented on the basis of type, installation, end-user and geography.

By Type (Wet FGD System, Dry & Semi-Dry FGD System), Installation (Greenfield, Brownfield), End-User (Power Generation, Chemical, Iron & Steel, Cement Manufacturing) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN FLUE GAS DESULPHURIZATION SYSTEM MARKET

Expansion and advancements in innovations adopted by major manufacturers

  • In February 2019, Hengyuan Refining Bhd., are investing USD 66.4 million to develop a hydrogen manufacturing unit for the production of cleaner fuel. Hydrogen from the new unit will be used to the refinery’s hydrodesulfurization Unit No. 2 as well as other extractive desulfurization hydrotreating processes at the site to help meet Malaysia’s upcoming 10-ppmw Euro 5 gas oil sulfur specification.
  • In January 2019, China National Offshore Oil Corp. and Petrochemical Co. Ltd has completed their testing of diesel liquid- phase hydrogenation (DHT) for the production of China VI diesel. This unit have DuPont Clean Technologies which has emission lowering technology and wet-scrubbing catalytic cracking flue gas desulfurization technology

Key Market Competitors: 

Few of the major competitors currently working in the flue gas desulphurization system market are Mitsubishi Heavy Industries Ltd., General Electric, Doosan Lentjes, Babcock & Wilcox Enterprises, Inc., RAFAKO- EPC, Siemens, FLSmidth, Hamon Corporation, Clyde Bergemann Limited, Marsulex Environmental Technologies, Thermax Global, Andritz, Burns & McDonnell, Alstom, Sumitomo Heavy Industries, Ltd. and DUCON.

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