Market Overview and Dynamics
The Europe flue gas desulfurization (FGD) market is projected to grow from US$ 2,523.25 million in 2019 to US$ 3,761.09 million by 2027, registering a CAGR of 5.3% during the forecast period from 2020 to 2027. Key drivers for market growth include rising demand from the power and energy sector, alongside stricter government regulations and environmental standards. However, challenges such as the high cost of reagents and safety concerns related to FGD systems may hinder the market’s expansion.
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Flue gas desulfurization (FGD) refers to a set of technologies used to eliminate sulfur dioxide (SO₂) from the flue gases produced by fossil fuel power plants. It is also employed to remove SO₂ from emissions generated by other industrial processes that release sulfur dioxide. The materials used in flue gas desulfurization are typically in solid form and are removed before the gases are discharged into the atmosphere. There is a significant demand for flue gas desulfurization solutions across various end-use industries.
Strategic insights for the European Flue Gas Desulfurization (FGD) market provide a data-driven analysis of the industry, highlighting current trends, key players, and regional distinctions. These insights deliver actionable recommendations that enable stakeholders to differentiate themselves from competitors, identify untapped opportunities, and develop unique value propositions. By leveraging data analytics, these insights help industry participants—whether investors, manufacturers, or other stakeholders—anticipate market shifts. A forward-thinking perspective is crucial to navigating these changes, ensuring that businesses are well-positioned for long-term success in this dynamic market. Ultimately, these strategic insights empower stakeholders to make informed decisions that drive profitability and achieve their business goals in the evolving FGD sector.
Market leaders and key company profiles
Chiyoda Corporation
Ducon
General Electric
S.A Hamon
Mitsubishi Heavy Industries, Ltd.
Rafako S.A
Valmet
Doosan Lentjes
Babcock and Wilcox Enterprises, Inc.
Marsulex Environmental Technologies
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.
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.
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.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Europe flue gas desulfurization market include Chiyoda Corporation, Ducon, General Electric, S.A Hamon, Mitsubishi Heavy Industries, Ltd., Rafako S.A, Valmet, Doosan Lentjes, Babcock and Wilcox Enterprises, Inc. and Marsulex Environmental Technologies.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
