Flue Gas Desulfurization Systems Market Increasing at a CAGR of 5.7% Sep 2016 | Page 2
Flue Gas Desulfurization Systems Market: Global Forecasts to 2021“ The global flue gas desulfurization system market is projected to grow at a CAGR of 5.7 % from 2016 to 2021”
The global flue gas desulfurization( FGD) system market is projected to grow from USD 14.35 billion in 2015 to USD 19.96 billion by 2021, at a CAGR of 5.7 % between 2016 and 2021. Government regulations to control the emissions of sulfur from the power generation industry are propelling the growth of this market.
“ The power generation segment is the largest end-user segment in the global flue gas desulfurization system market”
The power generation segment accounted for the largest share of the global flue gas desulfurization system market in 2015. Coal-fired plants are the main emitters of sulfur oxides. With the establishment of coal-fired plants, new opportunities have arisen for the installation of FGD systems. Moreover, in China and India, regulations imposed for the control of air pollution is gradually becoming stringent. This, in turn, will create opportunities for the installation of FGD systems in coal-fired plants in these countries.