Global Flue Gas Desulfurization (FGD) System Market 2024-2028

The flue gas desulfurization (FGD) system market is forecasted to grow by USD 3.88 bn during 2023-2028, accelerating at a CAGR of 5.41% during the forecast period. The report on the flue gas desulfurization (FGD) system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent standards for sulfur oxide emission, growing demand for power, and implementation of new emission norms in industries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.87%
CAGR	5.41%
Incremental Value	$3.88bn

Technavio's flue gas desulfurization (FGD) system market is segmented as below:

By Product

Wet FGD
Dry FGD

By End-user

Power plants
Iron and steel
Chemicals
Cement
Others

By Geography

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the rising preference for dry FGD technology as one of the prime reasons driving the flue gas desulfurization (FGD) system market growth during the next few years. Also, the availability of efficient ammonia desulfurization technology and flourishing FGD gypsum will lead to sizable demand in the market.

The report on the flue gas desulfurization (FGD) system market covers the following areas:

Flue gas desulfurization (FGD) system market sizing
Flue gas desulfurization (FGD) system market forecast
Flue gas desulfurization (FGD) system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading flue gas desulfurization (FGD) system market vendors that include AECOM, Andritz AG, Babcock and Wilcox Enterprises Inc., China Boqi Environmental Protection Holding Co. Ltd, Doosan Corp., Ducon Infratechnologies Ltd., Enviropol, FLSmidth and Co. AS, Fujian Longking Co. Ltd., General Electric Co., IHI Corp., John Wood Group PLC, Kawasaki Heavy Industries Ltd., KraftPowercon Sweden AB, Mitsubishi Heavy Industries Ltd., RAFAKO SA, Rudis Doo Trbovlje, Thermax Ltd., Tsukishima Kikai Co. Ltd., and Valmet Corp.. Also, the flue gas desulfurization (FGD) system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72946

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global flue gas desulfurization (FGD) market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global flue gas desulfurization (fgd) market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Wet FGD - Market size and forecast 2023-2028
Exhibit 34: Chart on Wet FGD - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Wet FGD - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Wet FGD - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Wet FGD - Year-over-year growth 2023-2028 (%)
6.4 Dry FGD - Market size and forecast 2023-2028
Exhibit 38: Chart on Dry FGD - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Dry FGD - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Dry FGD - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Dry FGD - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Power plants - Market size and forecast 2023-2028
Exhibit 48: Chart on Power plants - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Power plants - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Power plants - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Power plants - Year-over-year growth 2023-2028 (%)
7.4 Iron and steel - Market size and forecast 2023-2028
Exhibit 52: Chart on Iron and steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Iron and steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Iron and steel - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Iron and steel - Year-over-year growth 2023-2028 (%)
7.5 Chemicals - Market size and forecast 2023-2028
Exhibit 56: Chart on Chemicals - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Chemicals - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Chemicals - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Chemicals - Year-over-year growth 2023-2028 (%)
7.6 Cement - Market size and forecast 2023-2028
Exhibit 60: Chart on Cement - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Cement - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Cement - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Cement - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user ($ billion)
Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share by geography 2023-2028 (%)
Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Russia - Market size and forecast 2023-2028
Exhibit 111: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 115: Market opportunity by geography ($ billion)
Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 AECOM
Exhibit 123: AECOM - Overview
Exhibit 124: AECOM - Business segments
Exhibit 125: AECOM - Key news
Exhibit 126: AECOM - Key offerings
Exhibit 127: AECOM - Segment focus
12.4 Andritz AG
Exhibit 128: Andritz AG - Overview
Exhibit 129: Andritz AG - Business segments
Exhibit 130: Andritz AG - Key news
Exhibit 131: Andritz AG - Key offerings
Exhibit 132: Andritz AG - Segment focus
12.5 Babcock and Wilcox Enterprises Inc.
Exhibit 133: Babcock and Wilcox Enterprises Inc. - Overview
Exhibit 134: Babcock and Wilcox Enterprises Inc. - Business segments
Exhibit 135: Babcock and Wilcox Enterprises Inc. - Key news
Exhibit 136: Babcock and Wilcox Enterprises Inc. - Key offerings
Exhibit 137: Babcock and Wilcox Enterprises Inc. - Segment focus
12.6 Doosan Corp.
Exhibit 138: Doosan Corp. - Overview
Exhibit 139: Doosan Corp. - Business segments
Exhibit 140: Doosan Corp. - Key offerings
Exhibit 141: Doosan Corp. - Segment focus
12.7 Ducon Infratechnologies Ltd.
Exhibit 142: Ducon Infratechnologies Ltd. - Overview
Exhibit 143: Ducon Infratechnologies Ltd. - Product / Service
Exhibit 144: Ducon Infratechnologies Ltd. - Key offerings
12.8 Enviropol
Exhibit 145: Enviropol - Overview
Exhibit 146: Enviropol - Product / Service
Exhibit 147: Enviropol - Key offerings
12.9 FLSmidth and Co. AS
Exhibit 148: FLSmidth and Co. AS - Overview
Exhibit 149: FLSmidth and Co. AS - Business segments
Exhibit 150: FLSmidth and Co. AS - Key news
Exhibit 151: FLSmidth and Co. AS - Key offerings
Exhibit 152: FLSmidth and Co. AS - Segment focus
12.10 General Electric Co.
Exhibit 153: General Electric Co. - Overview
Exhibit 154: General Electric Co. - Business segments
Exhibit 155: General Electric Co. - Key news
Exhibit 156: General Electric Co. - Key offerings
Exhibit 157: General Electric Co. - Segment focus
12.11 John Wood Group PLC
Exhibit 158: John Wood Group PLC - Overview
Exhibit 159: John Wood Group PLC - Business segments
Exhibit 160: John Wood Group PLC - Key offerings
Exhibit 161: John Wood Group PLC - Segment focus
12.12 Kawasaki Heavy Industries Ltd.
Exhibit 162: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 163: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 164: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 165: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 166: Kawasaki Heavy Industries Ltd. - Segment focus
12.13 KraftPowercon Sweden AB
Exhibit 167: KraftPowercon Sweden AB - Overview
Exhibit 168: KraftPowercon Sweden AB - Product / Service
Exhibit 169: KraftPowercon Sweden AB - Key offerings
12.14 Mitsubishi Heavy Industries Ltd.
Exhibit 170: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 171: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 172: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 173: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 174: Mitsubishi Heavy Industries Ltd. - Segment focus
12.15 Thermax Ltd.
Exhibit 175: Thermax Ltd. - Overview
Exhibit 176: Thermax Ltd. - Business segments
Exhibit 177: Thermax Ltd. - Key news
Exhibit 178: Thermax Ltd. - Key offerings
Exhibit 179: Thermax Ltd. - Segment focus
12.16 Tsukishima Kikai Co. Ltd.
Exhibit 180: Tsukishima Kikai Co. Ltd. - Overview
Exhibit 181: Tsukishima Kikai Co. Ltd. - Business segments
Exhibit 182: Tsukishima Kikai Co. Ltd. - Key offerings
Exhibit 183: Tsukishima Kikai Co. Ltd. - Segment focus
12.17 Valmet Corp.
Exhibit 184: Valmet Corp. - Overview
Exhibit 185: Valmet Corp. - Business segments
Exhibit 186: Valmet Corp. - Key offerings
Exhibit 187: Valmet Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations