Flue Gas Desulfurization (Fgd) System Market’s Opportunities & Challenges

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Flue Gas Desulfurization (Fgd) System Market’s Opportunities & Challenges

Flue Gas Desulfurization (Fgd) System Market’s Opportunities & Challenges

Browse 84 market data Tables and 38 Figures spread through 153 Pages and in-depth TOC on “Flue Gas Desulfurization (FGD) System Market”
Flue Gas Desulfurization Systems Market by Installation (Greenfield, Brownfield), Type (Wet FGD System, Dry & Semi-Dry FGD System), End User (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), and Region

The global market for FGD systems is estimated to be USD 16.00 billion in 2017 and is projected to grow at a CAGR of 5.6% from 2017 to reach USD 21.00 billion by 2022. The Asia Pacific region is expected to lead the FGD system market in 2017. The growth of the coal-fired power generation and cement manufacturing industries is the major factor driving the FGD systems market in this region.

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Browse 84 market data Tables and 38 Figures spread through 153 Pages and in-depth TOC on“Flue Gas Desulfurization (FGD) System Market”

What opportunities does increasing number of coal-fired plants in China and India pose?

A large number of new coal-fired plants have been planned in China and India in the next five years. According to the Global Coal Plant Tracker, as of July 2017, a total of 1,600 power plants have been under planning across 62 countries worldwide, with about three-fourth of these plants in Asia Pacific, mostly in China and India. Coal is the cheapest source available for electricity generation. Hence, governments in China and India are still planning to expand their coal-based electricity generation to meet their energy requirements which is growing year-on-year.

Coal-fired plants are the main emitters of sulfur oxides. With the establishment of coal-fired plants, new opportunities have arisen for installation of FGD systems. Moreover, in China and India, regulations imposed on control of air pollution are gradually becoming stringent. This, in turn, will create opportunities for installation of FGD systems in coal-fired plants in these countries.

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How is energy requirement for FGD operation a challenge?

FGD systems require high energy for operations; this accounts for 2-3% of the total energy generation capacity of a power plant according to the China Datang Corporation (one of the five large-scale power generation enterprises in the People’s Republic of China). This results in loss of opportunity cost for plant operators, as additional energy consumed by FGD systems is high enough to impact the Opex budget. This consumption of energy can be attributed to reheat, flue gas flow, slurry recreation, and slurry recirculation. Other energy consuming processes in FGD operations include slurry transfer, tank agitation, solid dewatering, steam tracing, electrical instrumentation, and air supply. The high-energy requirement of FGD systems increase the maintenance costs of power plants, thereby becoming a major challenge for the growth of the FGD market.

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