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 .