The global Industrial Flue Gas Treatment Systems & Services market is valued at 10370 million USD in 2018 and is expected to reach 13660 million USD by the end of 2024, growing at a CAGR of 5.7% between 2019 and 2024.
Industrial flue gas treatment system is a set of technologies which is used to remove hazardous gases such as sulphur dioxide (SO2) and nitrogen oxide (NOx) from the emission of industries and power plants. Fossil fuels such as oil and coal contain specified amount of sulphur. When these fuels are combusted in the presence of air almost 95% or more sulphur is directly converted into sulphur dioxide (SO2). When flue gas has excess quantity of oxygen it is again converted into sulphur tri oxide (SO3). In flue gas treatment system the flue gas is generally passed through an ash removal device and then through a SO2 absorber.
Air pollution is treated as the most serious problem now a day. The increase in the number of industries and power plants lead to emission of sulphur dioxide and other gases in atmosphere. This sulphur dioxide directly reacts with vapors and other compounds in atmosphere to form acid rain and fog. The increasing concern about the atmosphere is the major driver for the market of flue gas treatment system. Reduction in the operating cost by the means of heat recovery, reduction in stack plume, improvement in operability of industries, are drawing social attention towards this market. Cost associated with the installation of gas treatment system and maintenance restricts the market somewhere. Strict policies regarding pollution control, advancement in technology and various incentive benefits provided by appropriate commissions for reducing emission bring new opportunities to the market.
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The Industrial Flue Gas Treatment Systems & Services Market report profiles the following companies, which includes: – Amec, Ducon Technologies, GE, Babcock & Wilcox Company, Clyde Bergemann Power Group, Flsmidth & Co., Steinmller Babcock Environment GmbH, Burns & Mcdonnell, Hamon & Cie, Doosan Power Systems, Haldor Topsoe, Fuel Tech, Bilfinger Noell GmbH, SPC Environment Protection Tech, Goudian Technology & Environment Group
Iron and Steel
Non-ferrous Metal Processing Units
Scope of the Report:
According to the Segmentation of types, all the market of Industrial Flue Gas Treatment Systems & Services can be divided as follows:
The first main kind is Desulfurization, it hold a comparatively larger share in global market, which accounts for about 29.79% in 2018.
Another main kinds is Particulate Control and DeNOx, for many companies, Particulate Control and DeNOx is attractive because of the market consumption. The Particulate Control and DeNOx share the rest 26.48% and 25.64% market share in 2018.
Mercury Control and Others hold the rest share, which accounts for about 18.10% in 2018 together.
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
From the view of region, Europe have a larger market share in 2018 which account for 30.61%, and will witness a stable growth in following years. North America and China hold a market share of 29.28% and 21.16% will play an important role which cannot be ignored. Any changes from North America and China might affect the development trend of Industrial Flue Gas Treatment Systems & Services. South America and Others also play important roles in global market, but it will witness the comparatively low market share within selected regions.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Industrial Flue Gas Treatment Systems & Services.
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