As per Inkwood Research, the Global Flue Gas Desulfurization Market is expected to record a CAGR of 4.90% in terms of revenue during 2023-2032.
“Browse 43 Market Data Tables and 43 Figures spread over 211 Pages, along with an in-depth TOC on the Global Flue Gas Desulfurization Market Forecast 2023-2032.”
FGD systems were created in response to the release of exhaust, or flue gases, from primarily coal-burning power plants, which presented significant environmental and public health risks. Various techniques can be used to eliminate S02 from flue gases. In the case of a standard coal-fired power plant, FGD systems are capable of eliminating 95% of the SO2 found in the flue gases. FGD predominantly utilizes two approaches for filtering emissions (dry or wet scrubbing) to ensure that coal-burning plants conform to the regulations established by the EPA’s Effluent Limitation Guidelines (ELG).
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Rising Prevalence of Airborne Diseases Boosts Market Growth
The increasing demand for Flue Gas Desulfurization (FGD) technologies is significantly driven by the growing concerns in the realm of public health regarding airborne diseases. Airborne diseases pose a grave threat to public well-being, with their severity often heightened by pollutants like sulfur dioxide (SO2) emanating from industrial and power generation sources. Sulfur dioxide stands as a critical element of air pollution and is notorious for exacerbating respiratory issues, triggering asthma attacks, and causing various other respiratory ailments.
Exposure to elevated levels of sulfur dioxide can result in irritation of the respiratory tract, manifesting in symptoms such as coughing, breathlessness, and wheezing. This aggravates the condition of individuals already grappling with respiratory problems like asthma or chronic bronchitis. Furthermore, prolonged exposure to sulfur dioxide can lead to a decrease in lung function, especially in children, rendering them more susceptible to respiratory infections and diseases.
Power Generation: Prominent Application in terms of Revenue and Volume
Flue-gas desulfurization (FGD) systems have been in use since the late 1960s to reduce the release of sulfur dioxide (SO2) from coal-fired power plants. Among the coal combustion products (CCPs), the solids generated by FGD systems rank as the second-largest in terms of volume, with fly ash being the only stream that surpasses it. This chapter delves into the description of the various types of FGD systems currently in operation and the solid byproducts they generate.
To mitigate the negative environmental impact of sulfur oxides (SO2 and SO3), many power plants and industrial facilities employ flue-gas desulfurization (FGD) scrubbers to eliminate these compounds from combustion gases. The conditions within a scrubber and related installations are extremely harsh, cumulative, and result in corrosion issues for conventional engineering materials. Such failures pose long-term environmental threats.
Asia-Pacific: Prominent Region in terms of Revenue and Volume
Governments across the Asia-Pacific region have introduced stringent emission regulations to combat air pollution and improve air quality. FGD systems help industries and power plants meet these standards by removing harmful sulfur emissions. Also, coal remains a dominant energy source in Asia-Pacific, especially in countries like China and India. FGD systems are widely adopted in coal-fired power plants to reduce sulfur emissions, and this trend is expected to persist.
The ever-changing regulatory environment and the ongoing requirement to adhere to evolving emission standards continue to heighten competition, driving companies to allocate resources towards research and development in order to sustain their competitive advantage. Some of the leading companies in the market include Thermax Ltd, Doosan Lentjes GmbH, General Electric Company, Mitsubishi Hitachi Power Systems Ltd, etc.
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