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市場調查報告書

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1622546

煙氣脫硫 (FGD) 市場（按產品、應用和地區劃分）2024 年至 2031 年

Flue Gas Desulfurization FGD Market By Product (Wet FGD System, Dry and Semi-Dry FGD Systems), Application (Power Generation, Iron And Steel, Chemical Industry) & Region for 2024-2031

出版日期: 2024年10月03日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

煙氣脫硫 (FGD) 市場評估，2024 年至 2031 年

推動煙氣脫硫（FGD）市場發展的因素包括日益嚴格的環境法規和日益增強的空氣品質問題意識。世界各國政府都在製定嚴格的排放要求，以規範工業和發電廠的二氧化硫水平，從而對現代煙氣脫硫系統產生了需求，預計到2024 年將超過186.3 億美元，到2031 年將達到186.3 億美元。

此外，煙氣脫硫系統經常用於發電、水泥生產和煉鋼等行業，以減少煙氣中的二氧化硫排放。煙氣脫硫系統對於發電廠（尤其是燃煤發電廠）至關重要，可滿足監管標準並最大限度地減少環境影響。

煙氣脫硫 (FGD) 市場：定義/概述

煙氣脫硫（FGD）技術可以去除工業廢氣，尤其是發電廠廢氣中的二氧化硫（SO2），以減少空氣污染並滿足環境要求。脫硫裝置通常用於燃煤發電廠和其他工業場所，以減少排放並滿足嚴格的空氣品質法規。在日益嚴格的監管要求和全球向清潔能源發展的趨勢的推動下，脫硫設備的未來前景預計將擴大。脫硫設備的創新將集中在提高效率、降低營運成本以及整合碳捕獲和儲存等發展技術以增強其在減輕環境影響方面的作用。

日益普及的技術進步是否會推動煙氣脫硫 (FGD) 市場的發展？

預計創新技術的不斷增加的使用將極大地推動煙氣脫硫 (FGD) 市場的發展。技術進步，例如開發更有效率的濕式、乾式和半乾式脫硫系統，將提高脫硫作業的性能和成本效益。改進的吸附材料、創新的洗滌器設計以及與數位監控系統的整合可以幫助減少二氧化硫排放，同時降低營運成本。

此外，正在進行的脫硫技術研究和開發旨在納入長期解決方案並提高系統性能。三菱重工等公司安裝的新型高效脫硫設備以及推動技術改進的環境立法變化等最新進展凸顯了市場的活力。

最近的進展強調了脫硫領域技術的重要性。例如，三菱重工於2024年8月宣佈將引進新型高效能脫硫裝置，旨在降低營運成本並提高效能。此外，美國環保署（EPA）於2024年7月發佈了更新指南，支持使用先進的脫硫技術來滿足新的二氧化硫排放要求。這項立法措施與國際能源總署（IEA）2024年6月發佈的一項研究相吻合，該研究強調了技術創新在改善環境合規性和支持脫硫設備產業擴張方面的作用。

高昂的初始成本會阻礙煙氣脫硫 (FGD) 市場的成長嗎？

煙氣脫硫（FGD）系統的高初始成本可能會成為產業發展的一大障礙。安裝脫硫系統需要大量資金，包括設備、基礎設施升級和系統集成，這可能會阻礙許多公司，特別是規模較小且資金緊張的公司。對於老工廠來說，這種財務負擔尤其沉重，因為老工廠必須改造現有系統以滿足新的排放法規，從而推遲或延期對脫硫設備技術的投資。

此外，脫硫設備的高成本可能會減緩市場採用，特別是在預算緊張的新興國家。現代脫硫技術在效率和法規遵循方面提供了長期利益，但初始投資可能會限制其採用。這可能導致不同地區和行業的技術採用不均衡，從而阻礙脫硫設備市場的整體成長。

然而，市場正在不斷發展，出現不同的解決方案來解決這些成本問題。政府和監管機構經常提供獎勵、補貼和財政支持來鼓勵使用排放控制系統。此外，各國的技術發展和規模經濟可能會降低脫硫設備的長期成本，使其更普及、更便宜。隨著這些因素的變化，脫硫設備產業持續擴張的一些資金障礙可能會得到緩解。

The Increasing variables of flue gas desulfurization market include tougher environmental rules and a greater awareness of air quality issues. Governments globally are enacting rigorous emission requirements to regulate SO2 levels from industrial and power production sources, creating demand for modern FGD systems, surpassing USD 18.63 Billion in 2024 and reachingUSD 26.09 Billion by 2031.

Furthermore, FGD systems are frequently utilized in areas like power generating, cement production, and steel manufacturing to reduce SO2 emissions from flue gases. FGD systems are crucial in power plants, particularly coal-fired ones, to meet regulatory standards and minimise environmental effect, market growth is expected to grow at aCAGR of about 4.30% from 2024 to 2031.

Flue Gas Desulfurization FGD Market: Definition/ Overview

Flue Gas Desulfurization (FGD) technologies remove sulfur dioxide (SO2) from industrial exhaust gases, especially in power plants, to reduce air pollution and comply with environmental requirements. FGDs are commonly used in coal-fired power plants and other industrial sites to reduce emissions and meet strict air quality regulations. The future scope of FGD technology is set to expand, pushed by rising regulatory demands and a global trend toward cleaner energy sources. Innovations in FGD systems are likely to focus on increasing efficiency, lowering operational costs, and integrating with developing technologies such as carbon capture and storage, which will strengthen their role in mitigating environmental impacts.

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Will Rising Adoption of Advancement of Technology Drive the Flue Gas Desulfurization (FGD) Market?

The increasing usage of innovative technologies is expected to drive the flue gas desulfurization (FGD) market significantly. Technological advances, such as the creation of more efficient wet, dry, and semi-dry FGD systems, improve the performance and cost-effectiveness of desulfurization operations. Improved sorbent materials, innovative scrubber designs, and integration with digital monitoring systems allow for greater control of sulfur dioxide emissions while lowering operational costs.

Furthermore, continued research and development in FGD technology are aimed at incorporating long-term solutions and enhancing system performance. Recent advancements, such as new high-efficiency FGD systems introduced by firms such as Mitsubishi Heavy Industries, and updated environmental legislation pushing technology improvements, highlight the market's dynamism.

Recent advancements underline the importance of technology in the FGD sector. For instance, in August 2024, Mitsubishi Heavy Industries announced the introduction of a new high-efficiency FGD system aimed at lowering operational costs and improving performance. Furthermore, in July 2024, the United States Environmental Protection Agency (EPA) issued updated guidelines supporting the use of sophisticated FGD technology to satisfy new sulfur dioxide emissions requirements. This legislative drive is consistent with research published in June 2024 by the International Energy Agency (IEA), which emphasizes the role of technical innovation in improving environmental compliance and supporting the expansion of the FGD sector.

Will High Initial Cost Hinder the Growth of the Flue Gas Desulfurization (FGD) Market?

Increasing high initial cost of Flue Gas Desulfurization (FGD) systems might be a substantial barrier to industry growth. The significant capital required for the installation of FGD systems, including equipment, infrastructure upgrades, and system integration, might deter many businesses, particularly smaller or financially restricted enterprises. This financial burden is especially significant for older plants that must modify existing systems to meet new emission limits, thereby slowing or postponing investments in FGD technology.

Furthermore, the high cost of FGD systems can slow market adoption, especially in developing countries with tighter budgets. While modern FGD technologies provide long-term benefits in terms of efficiency and regulatory compliance, the initial investment may limit their adoption. This might result in discrepancies in technology adoption between regions and industries, impeding the overall growth of the FGD market.

However, the market is evolving with a variety of solutions to address these cost concerns. Governments and regulatory agencies frequently offer incentives, subsidies, or financial assistance to encourage the use of emission-control systems. Furthermore, technological developments and economies of scale may reduce the long-term costs of FGD systems, making them more accessible and cheap. As these elements change, they may reduce some of the financial barriers to continuing expansion in the FGD sector.

Category-Wise Acumens

Will Rising Demand of Wet FGD System Fuel the Flue Gas Desulfurization (FGD) Market?

Rising demand for wet flue Gas Desulfurization (FGD) systems is expected to drive market expansion. Wet FGD systems are highly efficient at removing sulphur dioxide (SO2) from flue gases, making them a preferred alternative for industries and power plants with strict emission standards. Wet FGD systems are predicted to gain popularity as worldwide environmental requirements tighten and control SO2 emissions become more important. Their ability to capture high percentages of SO2 and manage enormous amounts of flue gas make them increasingly popular.

Furthermore, wet FGD systems have the advantage of producing commercially viable byproducts, such as gypsum, which can be used in construction materials. This by-product utilisation not only offsets certain operational expenses, but it also contributes to sustainability goals by reducing waste. Wet FGD systems are more appealing to industries due to their ability to efficiently remove SO2 and generate byproducts.

However, while there is an increasing demand for wet FGD systems, they are more expensive to operate and maintain than other types of FGD. Despite obstacles, the market for wet FGD systems is growing due to increasing environmental restrictions and the necessity for robust SO2 control measures. As technological improvements enhance efficiency and lower prices, the wet FGD segment is predicted to grow significantly, propelling the total FGD market forward.

Will Power Generation propel the Flue Gas Desulfurization (FGD) Market?

The increasing power generation is a significant driver that is expected to advance the Flue Gas Desulfurization (FGD) industry. Power stations, particularly coal-fired ones, are substantial sources of sulphur dioxide (SO2) emissions. As environmental requirements become more strict, these facilities must employ effective desulfurization systems. Demand for FGD systems in power generation arises from rules requiring reductions in SO2 emissions to reduce air pollution and preserve public health.

Furthermore, as global energy demand rises and power generation capacity develops, especially in emerging nations, the use of FGD systems is critical to mitigating the environmental impact of increased energy output. Power plants are investing in FGD technology to improve environmental performance and remain operational in the face of changing regulatory climates. The installation of sophisticated FGD systems enables these plants to fulfil emission regulations while continuing to function, contributing to greener energy generation.

Despite efforts to promote renewable energy, coal and other fossil fuels continue to play an important role in the energy mix, particularly in locations where renewables are not yet entirely viable. Because of our continuous reliance on fossil fuels, electricity generation will remain an important area for the development of FGD technology.

Country/Region-wise

Will Rising Demand of Regulatory Compliance in North America Drive the Flue Gas Desulfurization (FGD) Market?

The increasing requirement for regulatory compliance in North America is expected to considerably drive the Flue Gas Desulfurization (FGD) industry. North America, especially the United States and Canada, have strict environmental rules to reduce sulphur dioxide (SO2) emissions from industrial operations and power stations. Advanced FGD systems are necessary to comply with regulations like the EPA's SO2 emission restrictions.

In addition to regulatory pressure, the growing emphasis on environmental sustainability and public health boosts demand for FGD systems. Regulatory bodies are constantly revising and strengthening emission rules to combat the effects of air pollution, causing facilities to use more effective desulfurization methods. This legislative trend provides a consistent market for FGD systems as businesses prioritise fulfilling evolving standards and demonstrating their commitment to environmental stewardship.

Furthermore, the drive for regulatory compliance is aided by government incentives and subsidies that promote the use of pollution control systems. These financial incentives can help offset the high initial costs associated with FGD systems, making them more affordable to a wider range of establishments. As North American rules continue to emphasise rigorous emission controls, demand for FGD systems is projected to remain high, driving market growth and supporting advances in desulfurization technology.

Will Rapid Industrialization in Asia-Pacific Propel the Flue Gas Desulfurization (FGD) Market?

Increasing rapid industrialization in Asia-Pacific is expected to greatly boost the Flue Gas Desulfurization (FGD) industry. China and India's economic expansion requires massive industrial development, which leads to increasing energy production and industrial activities that emit significant amounts of sulphur dioxide. To address the environmental impact of increased industrialization and meet emerging air quality regulations, there is a growing demand for effective FGD technology.

The Asian-Pacific area is moving towards stronger environmental rules and increased enforcement of emission limits. Governments are implementing and upgrading rules to reduce pollution and enhance air quality, encouraging industry to use modern FGD systems. This regulatory pressure has accelerated the use of desulfurization systems in a variety of industrial sectors, including power generating, cement production, and steel manufacturing.

The growing emphasis on sustainable development and environmental responsibility among governments and enterprises in the Asia-Pacific region is driving demand for FGD systems. Industrial facilities are investing in modern FGD solutions to meet regulatory requirements, as well as to match with global sustainability goals and improve environmental performance.

Competitive Landscape

The competitive landscape of the Flue Gas Desulfurization (FGD) market is marked by a mix of global technology leaders and regional specialists. Major players such as Mitsubishi Heavy Industries, GE Power, and Siemens dominate with their advanced and scalable FGD solutions, leveraging extensive R&D investments to enhance system efficiency and compliance with stringent environmental regulations. Regional competitors, including Babcock & Wilcox and Doosan Lentjes, add to the competitive dynamics by focusing on localized market needs and regulatory requirements. The market is further shaped by strategic alliances, mergers, and acquisitions, which enable companies to expand their technological capabilities and market reach.

Some of the prominent players operating in the flue gas desulfurization (FGD) market include:

Mitsubishi Heavy Industries

General Electric

Doosan Lentjes

Babcock& Wilcox Enterprises

Rafko

Siemens

Flsmidth

Hamon Corporation

Clyde Bergemann Power Group

Latest Developments

In August 2024, Mitsubishi Heavy Industries announced a massive expansion of its FGD system manufacturing facilities in Japan. This development is intended to increase production capacity and fulfill rising global demand for innovative desulfurization technology, demonstrating the company's commitment to improving its market position.

In July 2024,GE Power signed a large contract to supply innovative FGD equipment to a new coal-fired power station in India. This contract demonstrates GE Power's strategic focus on emerging markets and its role in assisting countries with strict emission requirements.

In May 2024,Doosan Lentjes introduced a new semi-dry FGD technology aimed at increasing efficiency and lowering operational expenses. The introduction signifies a step forward in desulfurization technology and demonstrates the company's commitment to providing cost-effective and sustainable solutions to its customers.

1 INTRODUCTION OF GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY PRODUCT

5.1 Overview
5.2 Wet FGD System
5.3 Dry & Semi-dry FGD Systems

6 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY APPLICATION

6.1 Overview
6.2 Power Generation
6.3 Chemical Industry
6.4 Iron and Steel
6.5 Others

7 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET, BY GEOGRAPHY

7.1 Overview
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
7.3 Europe
- 7.3.1 Germany
- 7.3.2 U.K.
- 7.3.3 France
- 7.3.4 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Rest of Asia Pacific
7.5 Rest of the World
- 7.5.1 Latin America
- 7.5.2 Middle East and Africa

8 GLOBAL FLUE GAS DESULFURIZATION (FGD) MARKET COMPETITIVE LANDSCAPE

8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 General Electric
- 9.1.1 Overview
- 9.1.2 Financial Performance
- 9.1.3 Product Outlook
- 9.1.4 Key Developments
9.2 Mitsubishi Heavy Industries
- 9.2.1 Overview
- 9.2.2 Financial Performance
- 9.2.3 Product Outlook
- 9.2.4 Key Developments
9.3 Doosan Lentjes
- 9.3.1 Overview
- 9.3.2 Financial Performance
- 9.3.3 Product Outlook
- 9.3.4 Key Developments
9.4 Clyde Bergemann Power Group
- 9.4.1 Overview
- 9.4.2 Financial Performance
- 9.4.3 Product Outlook
- 9.4.4 Key Developments
9.5 Babcock & Wilcox Enterprises
- 9.5.1 Overview
- 9.5.2 Financial Performance
- 9.5.3 Product Outlook
- 9.5.4 Key Developments
9.6 Rafko
- 9.6.1 Overview
- 9.6.2 Financial Performance
- 9.6.3 Product Outlook
- 9.6.4 Key Developments
9.7 Siemens
- 9.7.1 Overview
- 9.7.2 Financial Performance
- 9.7.3 Product Outlook
- 9.7.4 Key Developments
9.8 Andritz
- 9.8.1 Overview
- 9.8.2 Financial Performance
- 9.8.3 Product Outlook
- 9.8.4 Key Developments
9.9 Hamon Corporation
- 9.9.1 Overview
- 9.9.2 Financial Performance
- 9.9.3 Product Outlook
- 9.9.4 Key Developments
9.10 Flsmidth
- 9.10.1 Overview
- 9.10.2 Financial Performance
- 9.10.3 Product Outlook
- 9.10.4 Key Developments