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Albany, NY -- (SBWIRE) -- 08/05/2016 -- Sulfur dioxide, carbon dioxide, carbon monoxide, and NOx are air pollutants, amongst which sulfur dioxide is the major pollutant that is released along with flue gas exhaust of fossil fuel operated power plants. Due to health and environmental implications of sulfur dioxide (SO2), flue gas desulfurization (FDS) has been enforced in many countries for the removal of SO2 from flue gasses. Therefore, the global FDS market is expected to display a CAGR of 5.80% between 2013 and 2019, says a new report by Transparency Market Research. While wet type desulfurization is most commonly used for sulfur elimination from gaseous streams, dry type desulfurization are economical due to the simple process, less water consumption, and ease of residue handling.
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Q. What are the major forces driving the growth of the FDS market?
A. Across the world, the ever-increasing demand for energy has led to an exponential growth of the power industry. The use of several types of fossil fuels in the rapidly growing power industry has led to an increased demand for flue gas desulfurization systems. In some parts of the world, stringent regulations for the permissible level of gasses that can be released in the air have also mandated the use of flue gas desulfurization systems.
The need to replace worn out components of FGD systems with new ones for a smooth functioning of the entire system is also fuelling the growth of the FDS market.
Q. What is the regional growth scenario of the flue gas desulfurization market?
A. Asia Pacific is expected to emerge as a significant market for FGD in the coming years. However, the region has been facing challenges pertaining to the implementation of impending regulations for the installation of FGD systems. Despite the challenges, in 2012, Asia Pacific held more than 55% of the global market.
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North America and Europe are mature markets for FGD due to the inception of the technology in these regions in the 1960s. The U.S. is expected to lead the North America FGD market due to the implementation of a number of regulations such as U.S. ARP (Acid Rain Program), which involves scrubbing of SO2.
Q. What has been the growth strategy of top companies in this market?
A. Top players in this market such as Mitsubishi Heavy Industries (MHI) are focused on strategizing for the development of newer products. Due to these efforts, MHI has developed a new advanced FGD system with 99.5% efficiency.
Q. How important is the installation of flue gas desulfurization systems for thermal companies in Europe?
A. Considerably. Thermal power plants in Europe need to meet environmental pollution norms that keep up with the environmental standards as part of the requisite for joining the European Union.
In an industry development, Japan's Mitsubishi Hitachi Power Systems (MHPS) Ltd. has entered into an agreement for supplying Ugljevik Thermal Power Plant located in the West Balkan region its maiden flue gas desulfurization system. The construction of the FGD system for Ugljevik Thermal Power Plant is executed under a Japanese official development assistance (ODA) loan to reduce sulfur dioxide and particulate matter that cause pollution in the air. This was carried out in accordance with norms for environmental standards that have been laid out for joining the EU.
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