DUBLIN--(BUSINESS WIRE)--The "Flue Gas Treatment Systems Market by Pollutant Control System (Particulate Control, FGD, DeNOx, Mercury Control), Business Type (System, Service), End-Use Industry (Power, Cement, Iron & Steel), and Region - Global Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.
The flue gas treatment systems market is projected to grow from USD 53.30 billion in 2017 to USD 69.11 billion by 2022, at a CAGR of 5.3% from 2017 to 2022.
Formulation and stringent implementation of various environmental regulations to reduce harmful emissions from different industries are expected to drive the growth of the flue gas treatment systems market across the globe during the forecast period. In addition, the growing cement industry across the globe is also expected to propel the demand for flue gas treatment systems between 2017 and 2022. The lack of product knowledge among small manufacturers is a major challenge for the growth of the flue gas treatment systems market.
The particulate control segment is estimated to lead the flue gas treatment systems market in 2017. The growth of this segment of the market can be attributed to the increasing use of electrostatic precipitators and filter bags in a number of industries such as power, cement, iron & steel, non-ferrous metal, and chemical & petrochemical, among others to reduce the amount of pollutants such as fly ash and acidic gases generated from these industries. With rapid industrialization, especially in emerging economies, the demand for these particulate control systems is continuously increasing.
The Asia Pacific flue gas treatment systems market is projected to grow at the highest CAGR between 2017 and 2022. The growing number of coal-based power plants and flourishing chemical & petrochemical industry in the region are fueling the growth of the Asia Pacific flue gas treatment systems market. Moreover, ongoing urbanization in the region has also led to increased requirement for constructing new infrastructures in the region, which, in turn, has increased the demand for cement in the Asia Pacific region.
This growing demand for cement has led to increase in its production, thereby leading to the growth of the Asia Pacific flue gas treatment systems market. In addition, increasing number of manufacturing industries in the Asia Pacific region, availability of cheap labor, and increased foreign investments are also fueling the growth of the Asia Pacific flue gas treatment systems market. The emergence of coal-based power plants in various countries such as China, Japan, and India is also expected to drive the growth of the Asia Pacific flue gas treatment systems market during the forecast.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview
7 Flue Gas Treatment Systems Market, By Pollutant Control System
8 Flue Gas Treatment Systems, By Business Type
9 Flue Gas Treatment Systems Market, By End-Use Industry
10 Flue Gas Treatment Systems Market, By Region
11 Competitive Landscape
12 Company Profiles
- AMEC Foster Wheeler (John Wood Group Plc)
- Babcock & Wilcox Enterprises
- Beijing Guodian Longyuan Environmental Engineering
- Bilfinger Engineering & Technologies Gmbh
- Burns & Mcdonnell, Inc.
- China Boqi Environmental (Holding)
- China Everbright International
- Chiyoda Corporation
- Clyde Bergemann Power Group
- Doosan Lentjes
- Ducon Technologies
- Fuel Tech Inc.
- General Electric
- Guodian Technology & Environment Group
- Haldor Topse A/S
- Hamon Corporation
- Kawasaki Heavy Industries
- Lonjing Environment Technology
- Marsulex Environmental Technologies
- Mitsubishi Hitachi Power Systems
- Ppel-Power Plant Engineers
- Steinmller Babcock Environment Gmbh
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