Market Overview and Dynamics
The Europe flue gas desulfurization market is expected to reach US$ 3,761.09 Million in 2027 from US$ 2,523.25 Million in 2019. The market is anticipated to grow at a CAGR of 5.3 % from 2020 to 2027. Factors driving the market growth include up increasing demand from power & energy sector and stringent rules and regulations by the government. However, high cost of reagents and safety concerns associated with FGD System is likely to have a negative impact on the market growth.
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Effect of covid-19 on Europe flue gas desulfurization market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Russia has the highest number of confirmed cases of the COVID-19 morbidity among all Europe countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain in Europe. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Europe Flue Gas Desulfurization Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 2,523.25 Million |
| Market Size (2027) | US$ 3,761.09 Million |
| Global CAGR (2020–2027) | 5.3% |
| Historical Data | 2017–2018 |
| Forecast Period | 2020–2027 |
| Segments Covered (By Type) | Dry FGD, Wet FGD |
| Segments Covered (By App.) | Power Generation, Chemical, Iron & Steel, Cement Manufacturing |
| Regions Covered | Europe (UK, Germany, France, Russia, Italy, Rest of Europe) |
| Key Companies | Chiyoda, Ducon, GE, S.A Hamon, Mitsubishi, Rafako, Valmet, Doosan Lentjes, Babcock & Wilcox, Marsulex |
Europe Flue Gas Desulfurization Regional Insights
The geographic scope of the Europe Flue Gas Desulfurization refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Flue Gas Desulfurization Strategic Insights
Strategic insights for the Europe Flue Gas Desulfurization provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Key Market Segments
The wet FGD segment accounted for a larger share of the Europe flue gas desulfurization market, by type, in 2019. The power generation segment accounted for a larger share of the Europe flue gas desulfurization market, by application, in 2019.
Reasons to buy the report
- To understand the Europe flue gas desulfurization market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape for the flue gas desulfurization market
- To efficiently plan M&A and partnership deals in the flue gas desulfurization market by identifying market segments with most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the flue gas desulfurization market
- To obtain market revenue forecast for market by various segments from 2018 to 2027
Europe Flue gas desulfurization Market Segmentation
| Category | Details |
| By Type | Dry FGD, Wet FGD |
| By Application | Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others |
| Company Profiles | Chiyoda, Ducon, GE, S.A Hamon, MHI, Rafako, Valmet, Doosan Lentjes, B&W, Marsulex |
| By Country | Germany, France, Italy, UK, Russia, Rest of Europe |
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Akshay
Senior Market Research Expert at Business Market Insights
