Clearing the Air: Flue Gas Desulfurization Systems Transforming the Construction Industry

The Flue Gas Desulfurization System Market is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2025, at a CAGR of 5.2% from 2021 to 2026. The Asia Pacific region dominated the FGD system market in 2020. The major drivers for the growth of the market in this region is the growth of the coal-fired power generation and cement manufacturing industries, among others. The market in this region is growing considerably and India is likely to be a major hotspot over the next five years.

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Browse?136 market data Tables and?48 Figures spread through?217 Pages and in-depth TOC on "Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield) and Region - Global Forecast"

Key players operating in the FGD systems market include Mitsubishi Heavy Industries Group (Japan), General Electric Company (US), Andritz AG (Austria), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), and Thermax Group (India), have adopted agreements, expansions, innovative technology research, and new product development as their key growth strategies. The other noteworthy players in this market are Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Group (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea). These players have adopted strategies such as expansions, agreements, and new product development to enhance their position in the market.

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Recent Developments in Flue Gas Desulfurization System Market

1. In July 2020, General Electric (GE) Steam Power signed an agreement with NTPC Limited, India, for the supply of wet FGD systems for 3 coal-fired power plants. With these wet FGD systems, the company will help NTPC treat approximately 35 million cubic meters per hour of flue gas, meeting India’s thermal power plant emission norms for SO2. This agreement also allows GE to strengthen its foothold in the country in which it already has 15.28 GW of SO2 reduction systems.
2. In February 2020, Mitsubishi Hitachi Power Systems (MHPS) received a 12 year maintenance service extension for the BLCP power station in Thailand. This agreement covers the maintenance of major equipment, including boilers, steam turbines, and flue gas cleaning systems. It will strengthen the service business of the company and boost revenue generation.
3. In July 2019, Doosan Lentjes announced the delivery and commissioning of two FGD systems in Vietnam. This system deployed seawater FGD technology and was installed at the Vinh Tan 1 power plant, in the Binh Thuan province of Vietnam. Doosan Lentjes’ scope of work included engineering and delivery of key FGD equipment along with advisory services for erection and commissioning. This development establishes the company’s reputation as a specialist in the delivery of air quality control systems across the global utility, municipality, and industrial sectors.

Top 3 Players in the FGD Systems Market:

Mitsubishi Heavy Industries (MHI) - MHI is the market leader in the global flue gas desulfurization systems market. It has extensive product offerings in the FGD systems market and holds strong position in all key end use industries. It has good hold in the Asia Pacific market competition strongly with Kawasaki Heavy Industries, Doosan, and other Asian players.

General Electric Company (USA) - In 2020, the company manufactures and sells flue gas desulfurization systems and sell it in all key end use industries including, power generation, chemical plant, iron & steel manufacturing, cement manufacturing, and others. The company’s wide range of product offerings in Air Quality Control Systems makes it highly competitive in this market.

安德里茨 AG (Austria) - Andritz AG has extensive product offering in the global FGD systems market. It manufactures and sells both Dry Flue Gas Cleaning System and Wet Flue Gas Cleaning System in all the key end use industries. In July 2021, Andritz bought parts of GE’s Air Quality Control Systems, including FGD Systems. It also acquired patents, trademark, and other references from GE, though it allowed GE to continue to serve certain countries with FGD products to it’s existing customers in India, Sri Lanka, Bangladesh, the US and Canada under the license from Andritz.

Note: Competitive landscape is expected to change in 2021 and expected Andritz to climb up in the global ranking in the FGD systems market.