Global Flue Gas Desulfurization System Market 2019-2023
Refineries are an integral part of the oil and gas supply chain as they
convert raw crude oil into finished products. However, refineries are
characterized by a large number of complex units, which produce multiple
products and various harmful by-products. FGD systems are used to remove
such gasses to ensure a contaminant-proof environment for the refining
process. Moreover, with the transportation sector growing due to the
expansion of road and air networks, the demand for refined fuel is also
rising. The need for energy security is also increasing investments in
the refining sector. For instance, countries in the Middle East and
Africa, Asia, and South America are seen investing in new greenfield
refineries. Thus, such factors will directly increase the demand for FGD
system in refineries in the oil and gas industry.
This global flue gas desulfurization system market research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global flue gas desulfurization system market: Rising preference for dry FGD technology
Wet FGD and dry FGD are the two technologies used by FGD systems. Wet FGD systems are the preferred choice among all end-users. Nevertheless, the high cost of wet scrubbers makes FGD systems affordable only to large end-users. Dry FGD systems, on the other hand, has low power consumption, operational and maintenance costs, and freshwater consumption. Also, the absence of a liquid stream eliminates the issues associated with disposal, which is a significant issue in wet FGD systems. Hence, the preference for dry FGD systems is increasing. With the increasing adoption and the advantages associated with FGD systems, the market for flue gas desulfurization will have a positive outlook during the forecast period.
Global flue gas desulfurization system market:
Segmentation analysis
This market research report segments the global flue gas desulfurization system market by product (wet FGD and dry FGD) and geographical regions (APAC, Americas, Europe, and MEA).
The APAC region led the market in 2018, followed by the Americas, Europe, and MEA, respectively. During the forecast period, the APAC region is expected to continue dominating the market as well as register the highest incremental growth due to the increase in demand from prominent end-user such as the paper and pulp, refineries, and chemical and petrochemical industries.
This global flue gas desulfurization system market research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global flue gas desulfurization system market: Rising preference for dry FGD technology
Wet FGD and dry FGD are the two technologies used by FGD systems. Wet FGD systems are the preferred choice among all end-users. Nevertheless, the high cost of wet scrubbers makes FGD systems affordable only to large end-users. Dry FGD systems, on the other hand, has low power consumption, operational and maintenance costs, and freshwater consumption. Also, the absence of a liquid stream eliminates the issues associated with disposal, which is a significant issue in wet FGD systems. Hence, the preference for dry FGD systems is increasing. With the increasing adoption and the advantages associated with FGD systems, the market for flue gas desulfurization will have a positive outlook during the forecast period.
This market research report segments the global flue gas desulfurization system market by product (wet FGD and dry FGD) and geographical regions (APAC, Americas, Europe, and MEA).
The APAC region led the market in 2018, followed by the Americas, Europe, and MEA, respectively. During the forecast period, the APAC region is expected to continue dominating the market as well as register the highest incremental growth due to the increase in demand from prominent end-user such as the paper and pulp, refineries, and chemical and petrochemical industries.
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