North American flue gas desulphurization (FGD) market estimated to grow at a CAGR of 4.5% till 2019
According to “North America Flue Gas Desulphurization (FGD) Market By Type (Wet FGD & Dry FGD), By Application (Power Generation, Chemical, Cement Manufacture, Iron and Steel & Others), By Countries – Regional Trend & Forecast to 2019”, the North American flue gas desulphurization (FGD) market is estimated to grow at a CAGR of 4.5% during the forecast period of 2014 to 2019.
The burning of fossil fuel results in emission of flue gases, which mainly consist of nitrogen oxides, sulfur oxides, and particulate matter, among others. Sulphur dioxide is dangerous to human health and environment into, when it is released. Thus, to reduce environmental degradation and human health concerns, the regulation of air pollution has become mandatory across all regions worldwide, especially North America.
The increasing environmental concerns have led to stringent air pollution control regulations, which is a major driver for the growth of the flue gas desulphurization market. Moreover, marketable byproducts and increasing industrialization are also driving the growth of flue gas desulphurization market in North America.
The U.S. is the largest contributor to the North America flue gas desulphurization market owing to the stringent government regulations in the country regarding the treatment of flue gases. The growing energy demand is fueling the energy production in the region, and hence burning of fossil fuels is on the rise, thereby resulting in emission of air pollutants containing flue gas.
Among the types of FGD, the wet FGD is preferred over dry FGD due to the higher efficiency of wet FGD in the treatment of sulphur dioxide. The wet FGD segment accounted for a share of over 85.0% of the North America market in 2013. However, the dry FGD market segment is projected to grow at a faster CAGR than the wet FGD segment in the coming years, due to its lower installation costs than wet FGD.
The analysis is given by “North America Flue Gas Desulphurization Market Report by Application, Type & Geography – 2019”, which categorizes the market by Type (Wet FGD & Dry FGD), By Application (Power Generation, Chemical, Cement Manufacture, Iron and Steel & Others), By Countries Regional Trend & Forecast to 2019.
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