Global Flue Gas Treatment System market is valued approximately USD 56.23 billion in 2018 and is anticipated to grow with a growth rate of more than 5.20% over the forecast period 2019-2026.
Flue gas are the emitted material produced when fossil fuels such as natural gas, coal, oil or wood are burned for heat or power. The fossil fuels generate pollutants such as sulfur dioxide, mercury and carbon dioxide while burning. Therefore, flue gas treatment is used in various end-use industries, as it is designed to reduce the amount of pollutants emitted from the burning of fossil fuels at an industrial facility. Within various end-use industries, cement industries have massive application in flue gas treatment system for reducing anthropogenic CO2 emission and further processed in purification of gas in order to gain, rich CO2 stream and converted into methane, methanol and another chemically valuable compound. Therefore, growing cement production and application of Flue gas treatment system in cement industries across the globe is accelerating the growth of market over the forecast years.
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For instance: as per Statista, in 2017 cement production in China is 2320 million metric tons and grown to 2370 million metric tons till 2018. Also, in United States, cement product in United States in 2017 was 86.6 million metric tons and grown to 88.5 million metric tons till 2018. Also, stringent air pollution control regulations across the globe is driving the growth of market. Moreover, growing number of coal-fired plants and the implementation of mercury & air toxic standards in the United States is an opportunity for the growth of market. However, the emergence of competitive alternatives and renewable sources of energy are the factors that hampers the growth of market.
The regional analysis of global Flue Gas Treatment System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the fastest growing region in the flue gas treatment system market due to rising construction industries in the region. Similarly, several initiatives undertaken by the government of different countries regarding Flue gas treatment driving the growth of market in the region.
Market player included in this report are:
Mitsubishi Hitachi Power Systems
Babcock & Wilcox Enterprises
Clyde Bergemann Power Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Pollutant control system:
Flue Gas Desulfurization (FGD)
Particulate Control System
Mercury Control System
By Business Type:
By End-use Industries:
Chemical & petrochemical
Iron & steel
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
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Target Audience of the Global Flue Gas Treatment System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers