Key Players in the Market: Alstom SA (FranceFLSmidth & Co. A/S (Denmark), Mitsubishi-Hitachi Power Systems (Japan), and Babcock & Wilcox Co. (U.S.).
(PRWEB) August 30, 2014
The report analyzes the "Flue Gas Desulfurization Systems & Services Market by Type (Wet FGD, Dry FGD, and others), by Application (Cement Manufacture, Chemical, Power Generation, Iron & Steel, and Others) - Global Trends & Forecasts to 2019" with respect to market drivers, opportunities, and trends in different regions. The global market was estimated to be worth $12.93 billion in 2013 and is projected to grow at a CAGR of 5.1% from 2014 to 2019.
Browse 70 market data tables, 53 figures spread through 200 slides and in-depth TOC on "Flue Gas Desulfurization Systems Market."
The Flue Gas Desulfurization Systems & Services market was estimated to be over $12 billion in 2013. It being a fragmented market, Asia-Pacific is expected to have stable growth in the coming few years, whereas North American and European markets are at a matured stage. The major players in the market are Alstom SA (France), Babcock & Wilcox Co. (U.S.), FLSmidth & Co. A/S (Denmark), Guodian Technology & Environment Group (China), and Mitsubishi-Hitachi Power Systems (Japan).
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The flue gas treatment systems are used in a wide range of applications to curb pollution such as cement manufacturing, chemicals, power generation, iron & steel, and others. The power generation industry is heavily dependent on coal, which releases harmful pollutants during combustion. The chemical and cement industry also contribute significantly to the industrial flue gas desulfurization systems and services market.
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The report identifies various types of systems for control of sulfur dioxide. The control systems can be classified as Wet FGD, Dry FGD, and Others. The Wet FGD systems are more widely used. The Wet FGD systems are usually used in plants with huge capacity.
The most popular growth strategy adopted by major players was mergers and acquisitions. Mitsubishi-Hitachi Power Systems, a newly formed company, is the coming together of the two of the largest companies. It has a major share in the FGD systems and services market.
The major players are also focused on cost-effective solutions for reduction of sulfur dioxide in order to help industrial plants achieve the regulatory standards. The development of new technology will help reduce the cost of the equipment. The high cost of the equipment hampers growth of the market and hence, these companies also have a strong R&D. Many companies have invested heavily in research and development of newer technology for the control of harmful emissions. The strengthening of regulations requires installation of systems with very high efficiency.
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