Global Flue Gas Desulfurization (FGD) Market is Expected to Reach USD 22.18 billion in 2019: Transparency Market Research

Global Flue Gas Desulfurization (FGD)Global Flue Gas Desulfurization (FGD) Market is Expected to Reach USD 22.18 billion in 2019: Transparency Market Research PR Newswire ALBANY, New York, November 1, 2013 According to a new market report published by Transparency Market Research ("FGD Market for new FGD systems (Wet and Dry FGD systems), Reagents and Replacement Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019," global FGD market was valued at USD 14.89 billion in 2012 and is expected to reach USD 22.18 billion by 2019, growing at a CAGR of 5.8% from 2013 to 2019. Browse the full report with complete TOC at http://www.transparencymarketresearch.com/flue-gas-desulfurization- systems.html Stringent environmental regulations along with rising concerns among different government organizations due to increase in the concentration of SO in the atmosphere is expected to boost the FGD market. Rising2 electricity demand and still major dependence on coal for electricity production is enhancing the demand for FGD systems that can help in reducing the harmful effects of coal combustion. Major applications analyzed in this market include new FGD systems and reagents and replacement market. Reagents and replacement market holds a significant share in the FGD market. Worn out FGD components need to be replaced and considerable amount of reagents is consumed yearly for running FGD systems, that is contributing to the growth of this market.