The North American Flue Gas Desulphurization (FGD) Market is Estimated to Grow at a CAGR of 4.5% from 2014 to 2019 - A Report by MicroMarket Monitor
(PRWEB) February 27, 2015 -- The North American flue gas desulphurization (FGD) market is estimated to grow at a CAGR of 4.5% during the forecast period of 2014 to 2019.
Browse through the TOC of North American Flue Gas Desulphurization (FGD) Market for an analysis of industry trends, segments & forecasts.
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The burning of fossil fuel results in emission of flue gases, which mainly consist of nitrogen oxides, sulfur oxides, and particulate matter, among others. Sulphur dioxide is dangerous to human health and environment into, when it is released. Thus, to reduce environmental degradation and human health concerns, the regulation of air pollution has become mandatory across all regions worldwide, especially North America.
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The increasing environmental concerns have led to stringent air pollution control regulations, which is a major driver for the growth of the flue gas desulphurization market. Moreover, marketable byproducts and increasing industrialization are also driving the growth of flue gas desulphurization market in North America.
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The U.S. is the largest contributor to the North America flue gas desulphurization market owing to the stringent government regulations in the country regarding the treatment of flue gases. The growing energy demand is fueling the energy production in the region, and hence burning of fossil fuels is on the rise, thereby resulting in emission of air pollutants containing flue gas.
Among the types of FGD, the wet FGD is preferred over dry FGD due to the higher efficiency of wet FGD in the treatment of sulphur dioxide. The wet FGD segment accounted for a share of over 85.0% of the North America market in 2013. However, the dry FGD market segment is projected to grow at a faster CAGR than the wet FGD segment in the coming years, due to its lower installation costs than wet FGD.
Related Report:
Global FGD Market
The flue gas desulphurization (FGD) plant removes sulphur oxides (SOX) from the flue gas before it is released into the atmosphere. This reduces the impact on environment. The coal-fired power plant tends to have high sulphur content so burning it causes sulphur dioxide to be released. The FGD technology removes this from emissions. The term flue gas desulphurization has traditionally referred to wet scrubbers that remove sulphur dioxide (SO2) emissions from large electric utility boilers (mainly coal combustion).
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