Flue gas desulfurization (FGD) consists of removing sulfur dioxide from flue gas before it is emitted. This is done during combustion in fossil fuel power plants such as coal and oil fired combustion units.
Flue gas desulfurization market is driven by stringent government regulations related with emissions of harmful gases emitted by various industrial processes in the environment. Developed nations in Europe already have stringent regulations related to emission of sulfur oxides. Furthermore, rising power demand, combined with reliance on coal for energy generation, will propel market expansion in the approaching years. Furthermore, rising industrialization in emerging countries would increase demand for flue gas desulfurization equipment. Technological advancements in the design of high-performance FGD systems would present market participants with new avenues to pursue. Furthermore, the decreasing cost of FGD systems is likely to open up chances for new market entrants. However, high maintenance costs due to the presence of various reagents to treat sulphur content emissions are a major market challenge. The availability of other flue gas treatment processes, such as fluidized bed combustion and THIOPAQ, significantly limits the market.
One of the primary driving factors for the worldwide flue gas desulfurization market's growth has been the introduction of environmental laws and restrictions on industrial emissions. Furthermore, increased global energy consumption has produced a considerable demand for flue gas desulfurization. As a result, all of these factors are projected to play a major role in boosting the worldwide flue gas desulfurization market over the forecast period.
The expensive installation costs of these flue gas desulfurization systems have been one of the most significant barriers to market expansion. Another significant disadvantage is the increased waste disposal expenses associated with desulfurization operations. Rising demand from developing economies such as India and Japan, on the other hand, is expected to strengthen economic opportunities in the forecast period.
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