The main components of flue gas include water vapor, nitrogen dioxide, carbon dioxide, and some particulate matter such as Sulphur oxides and soot. This system is necessary to protect the quality of air from the exposure of flue gases. Environmental advantages offered by flue gas treatment system is expected to drive the market growth during the forecast period.
Top Impacting Factors
Increase in number of infrastructure projects such as construction of flyover, bridge, tunnels, dams, roads, and other commercial and residential construction activities drives demand of cement. Sulphur oxides and dioxide are released in environment during the pyro stage while manufacturing cement. It is observed that after installing the flue gas treatment system in the cement manufacturing unit it reduces Sulphur oxides emission level by 90%, which is a major breakthrough for controlling air pollution.
Hence, rise in popularity of flue gas treatment systems in cement and chemical industries is expected to garner to growth of global flue gas treatment system during the forecast period. The stringent rules and regulation imposed by the government to maintain the air quality and rising concern regarding the global warming is anticipated to lead the flue gas treatment system market during the forecast period.
Factors such as the high initial investment and high maintenance cost required by the system is anticipated to restrain the flue gas treatment system market. Moreover, the reduction in use of coal by power generation industry in US and European region hinders the market growth as power generation industry is the major user of flue gas treatment system market. Lack in awareness by government for use of flue gas treatment system is expected to restrict the market growth. The technological advancement in the flue gas treatment system by manufacturer to eliminate the flue gas by 100% which is expected to drive the market growth during the forecast period.
The global flue gas treatment system market is segmented on the basis of pollutant control system, business type, end user, and region. By pollutant control system, the market is divided into particulate control, flue gas desulfurization, denox, mercury control, and others. By business type, the market is divided into system and service. By end user, market is divided into power cement, iron and steel, non-ferrous metal, petrochemicals, and others. By region, market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By pollutant control system: The particulate control system dominates the market share by pollutant control system. The growth of particulate control system is expected to rise, owing to consumption of bag filters, and electrostatic precipitators in various industries such as chemical & petrochemical, iron & steel, cement, and power & energy generation, and others to control the particulate matter generated by them. The mercury control segment is expected to grow at significant rate during the forecast period.
By business type: The system segment is projected to lead the flue gas treatment system market by business type during the forecast period. The growth of this segment is due to rise in installation of new flue gas treatment system and upgradation of the existing plants in various industries.
By end user: The power plant segment dominates the flue gas treatment market share by end user. The growth of this segment attributes to rise in number of power plants in countries such as India, China, Japan, Poland and other developing countries.
By region: The flue gas treatment system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific region dominates the market share for global flue gas treatment system market. The growth of the market in this region is attributed to increased demand for installation of flue gas treatment system.
Moreover, the several types of initiatives taken by the government of various countries of Asia-Pacific region to increase the investment from various international companies which is also likely to propel the market growth in this region. Furthermore, industries such as manufacturing, energy, mining, and agriculture are some of the major industries in Asian region. Hence, the development of these industries creates opportunities for the growth of flue gas treatment system in the Asia Pacific region.
North America has a significant market share in flue gas treatment system market due to presence of established player in the region. In addition to this the awareness regarding the use of flue gas treatment systems in the region is one of the factors for growth of market in this region. This growth is followed by the European region as the government is more concerned to reduce the carbon emission which is likely to elevate the demand for installation flue gas treatment system in the region and drive the market growth during the forecast period.
Competitive analysis and profiles of the major players in the flue gas treatment system market, such as, General Electric, Babcock & Wilcox Enterprises, Inc., Doosan Corp., Mitsubishi Corporation, FLSmidth & Co. A/S, Thermax Limited, Siemens AG, Andritz, Kawasaki Heavy Industries, Hamon Corporation are provided in this report. Major players have adopted technological advancement & product launch, acquisition, business expansion as key developmental strategies to improve the product portfolio of the flue gas treatment system market.
Acquisition and mergers
Acquisition or merger of the trending technologies and the manufacturer helps the company to improve the product offering and adds more research and development facilities to the business. For Instance, In Jully 2021, Andritz has acquired parts of GE Steam Power’s Air Quality Control System (AQCS) business, including the technology centre in Växjö, Sweden. The Austrian company has taken over the product portfolio for industrial dedusting (electrostatic precipitators - ESP, fabric filters (FF) and wet ESP), dry/semi-dry flue gas treatment, and industrial scrubbing including condensation scrubbers and low-temperature heat recovery solutions. This anticipates the growth of the flue gas treatment system market.
Business Expansions in the market
In May 2022, Valmet has been selected in a new public procurement process as the tenderer for completing the biomass boiler, flue gas cleaning and flue gas condensing system works for Vilnius Combined Heat and Power Plant (Vilnius CHP) in Lithuania. Vilnius CHP is working on a modern heat generation capacity expansion project in the Vilnius central heating system.
Global Flue Gas Treatment Systems Market Report Highlights
By Pollutant Control System
By Business Type
By End Use
Key Market Players
Thermax Limited, Siemens AG, General Electric, Hamon Corporation, Mitsubishi Corporation, Andritz, FLSmidth & Co. A/S, Kawasaki Heavy Industries, Babcock & Wilcox Enterprises, Inc., Doosan Corp.