Market Introduction
Flue gas desulfurization refers to technologies that is employed for the removal of sulfur dioxide from the flue gases of the fossil fuel power plants. It is also used to remove sulfur dioxide from the emissions from other sulfur dioxide emitting processes. The flue gas desulfurization materials are available in the solid form and are removed before releasing the gases into the atmosphere. There is a huge demand for flue gas desulfurization from various end use industries.
Market Overview and Dynamics
The North America flue gas desulfurization market is expected to reach US$ 6,250.04 Million in 2027 from US$ 3,982.75 Million in 2019. The market is anticipated to grow at a CAGR of 6.0 % 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.
Effect of covid-19 on North America 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. US has the highest number of confirmed cases of the COVID-19 morbidity among all North America countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain in North America. 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 North America flue gas desulfurization market, by type, in 2019. The power generation segment accounted for a larger share of the North America 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 North America flue gas desulfurization market include Ducon, General Electric, S.A Hamon, Mitsubishi Heavy Industries, Ltd., Valmet, Doosan Lentjes, Babcock & Wilcox Enterprises, Inc. and Marsulex Environmental Technologies.
Reasons to buy the report
North America Flue gas desulfurization Market Segmentation
By Type
By Application
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 3,982.75 Million |
| Market Size by 2027 | US$ 6,250.04 Million |
| CAGR (2020 - 2027) | 6.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Flue Gas Desulfurization Market is valued at US$ 3,982.75 Million in 2019, it is projected to reach US$ 6,250.04 Million by 2027.
As per our report North America Flue Gas Desulfurization Market, the market size is valued at US$ 3,982.75 Million in 2019, projecting it to reach US$ 6,250.04 Million by 2027. This translates to a CAGR of approximately 6.0 % during the forecast period.
The North America Flue Gas Desulfurization Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Flue Gas Desulfurization Market report:
The North America Flue Gas Desulfurization Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the North America Flue Gas Desulfurization Market value chain can benefit from the information contained in a comprehensive market report.
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