Flue Gas Desulfurization Market to 2020 Competitive and SWOT Analysis Forecast to 2020

The Global Flue Gas Desulfurization Market was valued over USD 6.86 billion in revenue in 2013. The market demand is expected to witness growth due to rising consumption of fossil fuels in electricity generation. Stringent government regulations about emission of harmful gases are expected to have a positive impact on market growth.

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Fossil fuels are burned to generate energy, which produces around 95% of the sulfur dioxide (SO2) gas in standard temperature conditions. Flue gas desulfurization process removes sulfur dioxide (SO2), which is generated by combustion of fossil fuels such as oil and coal. FGD technology has gained more importance owing to rising air pollution due to excess emission of SO2 gas during combustion processes.

Growing need for electricity and rapid industrialization in developing economies is likely to propel the FGD market over the forecast period. Technological advancements coupled with decreasing FGD system capital costs can also act as an opportunity for the participants.

Disposal of waste generated in FGD processes leads to increase in the maintenance and operation cost of FGD systems. The availability of alternative methods such as THIOPAQ, fluidized bed combustion, and hydro desulfurization is anticipated to act as a restraint to the FGD market over the forecast period.

Technology Insights

The FGD market has been segmented on the basis of technology into wet and dry FGD systems. Wet FGD systems accounted for a market revenue of over USD 6.0 billion in 2013 and are expected to witness market growth due to low maintenance costs and higher efficiency. In dry systems, the SO2 removal involves reagents such as limestone and lime are directly injected into flue gas whereas in wet systems reagent is mixed with water to remove SO2.

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Application Insights

FGD market includes application segments such as new FGD systems and reagents & replacements. Growing electricity demand in developing economies on account of urbanization and rapid industrialization is expected to boost the market growth of new FGD systems. Growing usage of reagents like sodium hydroxide, dibasic acid, and limestone in sulfur dioxide extraction is likely to drive the demand for this application segment over the forecast period.

Regional Insights

Asia Pacific dominated the FGD market in 2013 by accounting over 50% of market share due to a presence of a large number of fossil fuel power plants. The growing chemical and iron & steel industry in the region are expected to drive market growth. The stringent government regulations regarding air pollution are expected to result in increased demand for FGD systems over the forecast period.

In 2013, Europe and North America together accounted over 40% market share. The market is driven by growing application of new FGD systems. Replacement of outdated parts in FGD systems in old power plants is anticipated to drive market demand over the forecast period. Competitive Insights

Competitive Landscape

Key players in the FGD market are Lonjing Environment Technology Co. Ltd., Marsulex Environmental Technologies, Hitachi Power Systems America Ltd., Chiyoda Corporation, China Boqi, Mitsubishi Heavy Industries, Hamon Research-Cottrell, Ducon Technologies Inc., Thermax, Siemens Energy, Babcock & Wilcox, and Alstom S.A. Joint ventures, new

contracts, acquisitions, expansions and new product launches are the key strategies adopted by the industry participants to achieve growth.

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