Flue Gas Treatment Systems Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028
Global Flue Gas Treatment Systems Market
Forecast to 2028
The flue
gas treatment systems market is expected to reach a value of
USD 95.41 Billion by 2028, and register a CAGR of 4.90%, according to a new
report by Reports and Data. The demand for flue gas treatment systems is
growing in power plants, chemical manufacturing units, iron & steel, and
cement manufacturing industries due to the stringent government policies
concerning the environmental hazards. Rapid industrialization and growth of
infrastructure are going to push the market. Increase in demand for power
assisted with dependence for coal will encourage the market in the coming
years. Technological advancements in high performing equipment and decreasing
the cost of it is going to provide new players with opportunities to explore.
APAC is anticipated to witness the
highest CAGR of 5.4% during the forecast period. APAC is forecasted to be the
highest growing region owing to the rising population levels in China and India.
Government policies will boost the market. The demand for power generation in
this region due to the growing infrastructure and industrialization is set to
fuel the growth of the market in this region.
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Top Players Analyzed in the Report are:
General Electric, Babcock & Wilcox
Enterprises Inc, Mitsubishi Hitachi Power Systems Ltd., Doosan Lentjes, Thermax
Limited, FLSmidth, Siemens, Marsulex Environmental Technologies, Clyde
Bergemann Power Group, and AMEC Foster Wheeler.
Further key
findings from the report suggest
- The flue gas treatment systems market is
estimated to reach USD 95.41 Billion by 2028, at a CAGR of 4.90% during
the forecast period.
- Systems customers marketing mode accounts
for the largest share of 46.7% of the market in 2018.
- Power end user segment is anticipated to
witness the highest CAGR of 5.7% during the forecast period.
- In APAC, power generation generates
revenue of USD 4.96 Billion in 2018 and is forecasted to generate USD 7.66
Billion in the year 2026.
- The mercury control type is expected to
witness the highest CAGR of 7.4% during the forecast period.
- APAC to have the highest market share
owing to the emergence of manufacturing units and their utilization of
coal.
- Countries like India and China have
developed as global manufacturing centers for construction, automobile,
and several other sectors. The massive population growth and the approving
regulations set by various regional governments in APAC are anticipated to
have a positive influence on the manufacturing industry.
- The market in the Asia Pacific region
accounts for the largest share of 31.3% of the market in 2018 and is expected
to be the fastest growing market. The increasing number of coal-based
power plants and thriving chemical & petrochemical industry in the
region are kindling the growth of the Asia Pacific market. Furthermore,
continuous urbanization in the region has also led to an increased demand
for constructing new infrastructures in the region, which, in turn, has
enhanced the need for cement in the region.
- Various players are developing strategies
to mark their presence in the industry.
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For the purpose of this study, Reports and
Data have segmented the market on the basis of Control Type, Marketing Mode,
End User, and region:
Control Type
Outlook (Volume; and Revenue, USD Billion ; 2018-2028)
- Particulate
Control
- Flue
Gas Desulfurization
- DeNOx
- Mercury
Control
- Others
Marketing Mode
Outlook (Revenue, USD Billion ; 2018-2028)
- Systems
Customers
- Direct
Marketing
- Indirect
Marketing
End User Outlook
(Revenue, USD Billion ; 2018-2028)
- Power
- Cement
- Iron
& Steel
- Chemical
& Petrochemical
- Others
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest
of EU)
Asia Pacific (India, Japan, China,
South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil,
Argentina, Rest of Latin America)
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Global Flue Gas Treatment Systems
Market Report:
· Comprehensive analysis of the changing market
dynamics
· A futuristic outlook on different factors
influencing the market
· An 8-year forecast of the market growth and
expected revenue growth
· Ease of understanding of the market, key
segments, and their future growth
· In-depth analysis of the competitive landscape
to give an advantageous edge for the companies
· Extensive insight into the market with
in-depth analysis of the segmentation
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