Flue Gas Treatment Systems Market is Segmented By Pollutant Control System (Particulate Control, Flue Gas Desulfurization (FGD), DeNOx, Mercury Control, Others), By Business Type (System, Service), By End-User (Power, Cement, Iron & Steel, Non-Ferrous Metal, Chemical & Petrochemical, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Flue Gas Treatment Systems Market Size
Flue Gas Treatment Systems Market is expected to reach at a CAGR 4.8% during the forecast period 2024-2031.
Flue Gas Treatment Systems Market Scope
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Metrics |
Details |
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Market CAGR |
4.8% |
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Segments Covered |
By Pollutant Control System, By Business Type, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Flue gas treatment is a technique that reduces the number of pollutants produced from the combustion of fossil fuels in a power plant, industrial facility or another source. Flue gas is the material generated when fossil fuels such as natural gas, coal, oil or wood are burned for heat or power. It can contain pollutants such as particulates, mercury, sulfur dioxide and carbon dioxide. The majority of flue gas, on the other hand, is composed of nitrogen oxides. Untreated flue gas from industrial facilities, power plants and other sources can significantly impact local and regional air quality.
Flue gas treatment systems clean the gas produced by energy from waste before being discharged into the environment. Many national-level clean-air standards mandate power plants and other facilities to use flue gas treatments to limit the number of pollutants discharged.
Flue Gas Treatment Systems Market Dynamics
Rising demand from the power generation sector to reduce pollution drives the global flue gas treatment system market. However, high investment costs and complexity in installing the system are likely to restrain the market.
Rising demand from the power generation sector to reduce pollution
The major sources of mercury, SO2 and acid gases are power plants. Coal accounts for approximately 98% of SO2 emissions, 94% of mercury emissions and 86% of NOx emissions in the power sector. In addition, coal accounts for around 38% of global power generation as of 2018. Private energy companies prefer coal versus clean natural gas due to its quantity and simplicity of transportation. Coal-burning on a wide scale pollutes the environment with pollutants and contributes to global warming.
Growing environmental concerns and government initiatives to address them propel the flue gas treatment system market forward. In addition, stringent global and government restrictions, such as the Mercury and Air Toxics Standards and Clean Air Act (CAA), require power production firms that use fossil fuels to implement equipment that monitors and reduces emissions to a safer level.
Despite the global reduction in the number of coal-fired power plants, developing countries such as India continue to support new coal-fired power production projects, owing to rising electricity demand and relatively lower coal prices than other options. As a result, the expansion of the power generation industry has driven demand for the flue gas treatment system market over the forecast period.
High investment costs and the complexity of establishing the system
Flue gas treatment systems, which employ electrostatic precipitators and scrubbers, can remove 90% or more of specific contaminants. However, they can be exceedingly expensive to construct and operate. In addition, flue gas treatment standards usually result in complex legal fights. Treatments differ greatly amongst plants and some countries have significantly tighter standards than others. Environmentalists are concerned about emissions from utilities and enterprises in nations with less strict pollution legislation.
COVID-19 Impact Analysis on Flue Gas Treatment Systems Market
Heavy industries such as power generation, cement factories and chemicals are the two most significant industries that use flue gas treatment systems. Even though heavy equipment is used locally, OEMs' value and supply chains are complex and scattered globally. The blockade has hampered the global flow of non-essential commodities and resources, putting a halt to heavy equipment production across the board.
Moreover, present demand for industrial equipment has flattened or is expected to flatten in the second and third quarters of 2020. As we begin the road to recovery, demand will remain erratic in the months ahead due to the uncertainty. Therefore, in 2020, demand for flue gas treatment systems fell in several end-use sectors due to cost-cutting and factories' halt.
Flue Gas Treatment Systems Market Segment Analysis
Based on pollutant control systems, the global flue gas treatment systems market is segmented into particulate control, flue gas desulfurization (FGD), DeNOx, mercury control and others.
Flue gas desulfurization (FGD) removes sulfur dioxide (SO2) from flue gases produced by industrial combustion at petrol refineries, chemical manufacturing sectors, mineral ore processing plants and power plants. Sulfur dioxide is an acidic gas that easily combines with other substances to generate hazardous chemicals such as sulfuric acid, sulfate particles and sulfurous acid.
Flue gas desulfurization systems, often known as scrubbers, are one of the most efficient methods of lowering sulfur dioxide emissions created by industrial combustion and are a classic example of an acid-base chemical reaction executed on a large scale. The systems have sulfur removal efficiency ranging from 50% to 98%.
Wet scrubbers typically obtain the highest removal rates, whereas dry scrubbers achieve the lowest. Coal and oil-fired combustion units, such as petroleum refineries, utility and industrial boilers, cement and lime kilns, municipal and medical waste incinerators, metal smelters and sulphuric acid facilities, employ the technology.
Flue Gas Treatment Systems Market Geographical Analysis
Based on geography, the global flue gas treatment systems market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.
Asia-Pacific is projected to have a substantial market share due to the region's expanding industrialization and urbanization, particularly in India and China. As a result, there has been a surge in air pollution. Asia-Pacific's CO2 emissions increased from 13,994 MT in 2010 to 16,744.1 MT in 2018.
Coal accounted for 55.88% of India's primary energy consumption in 2018. The country's many coal usage to meet rising energy demand has resulted in significant carbon emissions. Besides, China's Social Development Plan (2016–2020) and 13th Five-Year Economic includes reducing emissions and thus improving air quality. The five-year strategy pledges to reduce emissions and adhere to emission requirements.
Furthermore, the cement production sector is important to the Australian economy. Rising investments and industrial operations, as a result of the country's rapid population increase, have fueled the country's cement manufacturing growth.
Flue Gas Treatment Systems Companies and Competitive Landscape
The global flue gas treatment systems market is competitive and moderately consolidated with multinational businesses. Major players in the market include General Electric Andritz AG, Babcock & Wilcox Enterprises, Inc., Doosan Lentjes, Mitsubishi Hitachi Power Systems, Ltd., Wood Group PLC, FLSmidth, Thermax Limited, KSB SE & Co. KGaA and Howden Group, among others. The major players in the market are known to incorporate numerous market strategies to achieve growth in the global flue gas treatment systems market; these include mergers, acquisitions, product launches, contributions and collaborations.
Andritz AG
Overview: Andritz AG is a global technology company that provides plants, equipment, systems and services to various sectors. The company headquarters is in Graz, Austria. Andritz has four primary business divisions: hydro, pulp and paper, metals and separation. In addition, the corporation has a global presence with over 280 manufacturing and service locations.
Product Portfolio: Andritz offers FGDplus, a unique scrubber system that maximizes SO2 and dust removal while minimizing energy inputs.
Key Development:
- In February 2018, Andritz AG granted the Electricity Authority of Cyprus (EAC) a global tender to repair the damaged seawater flue gas desulphurization (SWFGD) facility at the Vasilikos power station in Cyprus.
