San Francisco, California (PRWEB) August 13, 2014
The global market for flue gas desulfurization is expected to reach USD 23.69 billion by 2020, according to a new study by Grand View Research, Inc. Flue gas desulfurization market demand is expected to increase owing to growth in demand for electricity. In addition, stringent government regulations regarding emissions of harmful gases in the environment are also expected to drive the FGD market over the forecast period.
New FGD systems were the largest application segment accounting for USD 8.14 billion of global market revenue in 2013. Increasing number of coal-fired power plants in emerging economies is expected to be a key reason for high demand of new FGD systems. Flue gas desulfurization is also used in reagent & replacement applications, which were valued at USD 7.65 billion in 2013.
The report “Flue Gas Desulfurization Market Analysis By Technology (Wet FGD Systems, Dry FGD Systems), By Application (New Systems, Reagents & Replacements) And Segment Forecasts To 2020,” is available now to Grand View Research customers and at http://www.grandviewresearch.com/industry-analysis/flue-gas-desulfurization-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global flue gas desulfurization market on the basis of technology, application and region:
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