The Next 7 Things You Should Do For Flue Gas Desulfurization (fgd) System Market Success


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.
Looking for more information on this market? Request a free sample report
“The growing demand for power is another major contributor to the growth of the global FGD systems market as power generation plants are the key end-users of FGD systems. The rising demand for power and the growth of the global population have increased the need for the expansion of power generation capacity. Rapid industrial growth in emerging countries has also increased the demand to expand power generation capacity. Hence, the rising demand for energy is expected to boost the growth of the overall global FGD systems market,”
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.

Comments

Post a Comment

Popular posts from this blog

Get the Trends of Global Hair Wigs and Extension Market 2019-2023

Image
A wig is a head covering that resembles natural hair and accentuates a person’s appearance. Wigs may be produced from human or synthetic hair. Hair extensions are the length of artificial hair that can be attached to natural hair to create a long hairstyle.     See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report . Get a FREE sample now! Several vendors in the global hair wigs and extension market are shifting their production facilities to countries such as Bangladesh and Vietnam owing to rising labor costs and constraints in sourcing and procuring the raw materials in key manufacturing countries such as China and India. These emerging countries offer huge market growth potential due to the availability of cheap labor and greenfield resources.   Manufacturers such as Artnature and Evergreen Products Group have phased the shift of their production base to Cambodia and Bangladesh, respecti
Read more

Global Anesthesia Devices Market 2019-2023 | 6% CAGR Projection Over the Next Five Years

A key factor driving the growth of the global anesthesia devices market is the advances in anesthesia technology. The anesthesia devices market is witnessing several technological advancements that are focused on increasing patient safety, improving the precision and effectiveness of anesthesia delivery, and minimizing the wastage of anesthetic gas. There is a rising focus on the development of target-controlled and low-flow anesthesia delivery machines that can automate the fresh gas flow and vaporizer settings to gain a specific and end-tidal percentage. For instance, Drager Primus Infinity Empowered by Dragerwerk is integrated with a compact breathing system and advanced gas monitoring features, which help clinicians deliver minimal- and low-flow anesthesia for patients of all ages and acuity levels. Such advances in technology will increase the demand for anesthesia devices during the forecast period. This   global anesthesia devices market 2019-2023   research report also ana
Read more

Industrial High-Shear Mixers Market - Growth Analysis and Forecast

This research report titled ‘Global Industrial High-shear Mixers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions. The market research analysis categorizes the global   industrial high-shear mixers   market into the following type of end-user segments. They are: Food and beverage industry Pharmaceutical industry Chemical and petrochemical industry Global industrial high-shear mixers market in food and beverage industry The global industrial high-shear mixers market in the food and beverage industry is experiencing substantial growth due to an increase in the consumption of packaged food around the world. In developing economies such as China and India, consumer preferences are changing rapidly with a growing interest in ready-to-eat processed dairy and bakery products. This is increasing the sc
Read more