The FGD system market is projected to grow at a CAGR of 5.6% from 2017 to 2022
NEW YORK, Jan. 15, 2018 /PRNewswire/ -- The FGD system market is projected to grow at a CAGR of 5.6% from 2017 to 2022.
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The flue gas desulfurization (FGD) system market is projected to grow from USD 16.00 billion in 2017 to USD 21.00 billion by 2022 at a CAGR of 5.6% between 2017 and 2022. The FGD system market is growing significantly across the globe due to various factors, which include stringent implementation of various air pollution control regulations, rise in environmental awareness, and use of coal for electricity generation. However, high initial installation costs of FGD systems and their high operational energy as well as waste disposing requirements are some of the factors expected to restrain the growth of the FGD system market across the globe
Among types, the dry & semi-dry FGD system segment of the FGD system market is projected to grow at the highest CAGR during the forecast period.
Based on type, the FGD system market has been classified into wet system and dry & semi-dry FGD system. The dry & semi-dry FGD system segment of the FGD system market is projected to grow at a higher CAGR as compared to the wet FGD system segment during the forecast period. The growth of the dry & semi-dry FGD system segment of the FGD system market can be attributed to the lower costs of dry & semi-dry FGD systems as compared to wet FGD systems
The Asia Pacific FGD system market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific FGD system market is projected to grow at the highest CAGR from 2017 to 2022. The growth of the Asia Pacific FGD system market can be attributed to the formulation and implementation of various government regulations for controlling emissions from various industries, increase in demand for electricity, growth of the reagent and equipment replacement market, and increase in the number of coal-fired power plants in the Asia Pacific region.
Breakdown of Primaries
In the process of determining and verifying the market size gathered through secondary research for different segments and subsegments of the FGD system market, extensive primary interviews have been conducted with the key industry experts. The break-up of profiles of primary participants has been given below.
BREAK-UP OF PROFILES OF PRIMARY PARTICIPANTS:
-- By Company Type: Tier 1 - 50%, Tier 2 - 37%, and Tier 3 - 13%
-- By Designation: C Level - 48%, Director Level - 31%, and Others - 21%
-- By Region: North America - 33%, Europe - 28%, Asia Pacific - 21%, Middle East & Africa - 10%, and South America - 8%
Mitsubishi Heavy Industries (Japan), General Electric (US), Doosan Lentjes (Germany), Babcock & Wilcox (US), RAFAKO (Poland), Siemens (Germany), FLSmidth (Denmark), Hamon Corporation (US), Clyde Bergemann Power Group (UK), Marsulex Environmental Technologies (US), Thermax (India), and ANDRITZ (Austria), among others are the key players operating in the FGD system market.
Research Coverage:
This report offers an overview of the market trends, drivers, restraints, challenges, and opportunities with respect to the FGD system market. It also provides a detailed overview of the FGD system market across five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The report categorizes the FGD system market based on installation, type, end user, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them has also been covered in this report on the FGD system market.
Reasons to Buy the Report:
This report covers the following key aspects:
-- What would be the size of the FGD system market by 2022 and what would be its growth rate from 2017 to 2022?
-- What are the key market trends in the FGD system market?
-- What are the factors expected to drive the growth of the FGD system market?
-- What are the barriers that impact the growth of the FGD system market?
-- Who are the key players in the FGD system market?
-- The report on the FGD system market covers key regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America including their key countries.
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