Flue Gas Desulfurization (FGD) Market Size To Reach $23.69 Billion By 2020: Grand View Research, Inc.
The global flue gas desulfurization market size is expected
to reach USD 23.69 billion by 2020, according to a new report by Grand View
Research, Inc. Growing industrial sector around the globe is expected to drive
the market.
Rise in infrastructure investment is of major
importance to developing as well as developed economies, especially for
sustainable development. The infrastructure sector in India, for instance,
witnessed 33 deals worth USD 3.49 billion in the financial year 2016-17,
wherein majority of deals were by the roads, power, and renewable sectors. The
government of India has also planned to invest USD 7.07 billion for development
of northeastern states bordering China, Bangladesh, Myanmar, and Bhutan. This
is expected to drive the demand for cement, which will subsequently boost the
demand for flue gas desulfurization (FGD).
Increased demand for electricity in regions such as
North America and Asia Pacific is expected to boost the FGD market. Stringent
regulations regarding emission of harmful gases from manufacturing industries
is expected to further propel the market over the forecast period.
The chemical sector in Asia Pacific is expanding at
a significant pace, propelling the demand for FGD systems. The booming metal
smelting and cement manufacturing industries in the region are also
contributing to the growth of the market.
Full
Research Report On Global Flue Gas Desulfurization Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/flue-gas-desulfurization-market
www.grandviewresearch.com/industry-analysis/flue-gas-desulfurization-market
Further
key findings from the report suggest:
- In terms of revenue, the wet FGD systems
technology segment is anticipated to reach USD 9.54 billion by 2020, at a
CAGR of 5.0% from 2014 to 2020. Dry FGD systems, on the other hand, will
exhibit a CAGR of 5.5% over the forecast period
- By application, new systems dominated the
global flue gas desulfurization market with a share of 51.5% in 2013
- The North America flue gas desulfurization
market is anticipated to reach USD 4.42 billion by 2020. Asia Pacific, on
the other hand, is projected to witness a remarkable CAGR of 7.7% over the
forecast period, owing to rapid developments in the industrial sector
- Some of the key companies present in the market
are Alstom S.A.; China Boqi; Babcock and Wilcox Company; Chiyoda
Corporation; Ducon Technologies Inc.; Hitachi Power System America Ltd.;
Hamon Research-Cottrell; Lonjing Environment Technology Co. Ltd.; Marsulex
Environmental Technologies; Mitsubishi Heavy Industries, Ltd.; Siemens
Energy; and Thermax.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/power-generation-and-storage
www.grandviewresearch.com/industry/power-generation-and-storage
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
Flue Gas Desulfurization System
- Dry
Flue Gas Desulfurization System
Flue Gas
Desulfurization Application Outlook (Revenue, USD Million, 2012 - 2020)
- New
Flue Gas Desulfurization Systems
- Reagents
& Replacements
Flue Gas
Desulfurization Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/flue-gas-desulfurization-fgd-market
www.grandviewresearch.com/press-release/flue-gas-desulfurization-fgd-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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