The Business Research Company’s report on the Flue Gas Desulfurization System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the flue gas desulfurization system market’s growth in recent years?
The increasing number of coal-fired power plants is expected to propel the flue gas desulfurization system market. Coal-fired power plants refer to power stations that generate electricity by burning coal. The increasing number of coal-fired power plants requires flue gas desulfurization systems to reduce the emission of harmful gases. For instance, in August 2022, according to the U.S. Energy Information Administration, a US-based principal agency for collecting, analyzing, and disseminating energy information, published an article according to which in the US the coal-fired generation of power has increased by 16% to reach 898,679 GWh in 2021. Therefore, the increasing number of coal-fired power plants is driving the growth of the flue gas desulfurization system market.
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How does the future projection of the flue gas desulfurization system market size compare to its historical growth?
The flue gas desulfurization system market size has grown strongly in recent years. It will grow from $20.61 billion in 2024 to $21.8 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to stringent environmental regulations, rising global focus on air quality, increased coal-fired power generation, public awareness and environmental activism, expansion of industrial manufacturing.
The flue gas desulfurization system market size is expected to see strong growth in the next few years. It will grow to $27.9 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to transition to renewable energy, market expansion for FGD by-products, government support for clean energy, increasing use of natural gas, focus on circular economy practices. Major trends in the forecast period include integration of digital technologies, shift towards dry FGD technologies, byproduct utilization, collaborations and partnerships, technological advancements in FGD systems.
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Which key players are shaping the future of the flue gas desulfurization system market?
Major companies operating in the flue gas desulfurization system market are Mitsubishi Heavy Industries Ltd., General Electric Company, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Siemens AG, FLSmidth & Co. A/S, Hamon Corporation, Marsulex Environmental Technologies Corporation, Thermax Limited, Ducon Technologies Inc., Clyde Bergemann Power Group, Andritz AG, Valmet Corporation, Chiyoda Corporation, China Energy Engineering Group Co. Ltd., Tri-Mer Corporation, Veolia Water Technologies, Wärtsilä Corp., Wheelabrator Technologies Inc., Yokogawa Electric Corporation, Zhejiang Feida Environmental Science & Technology, Zhejiang DunAn Artificial Environment, Zhejiang Shuanghuan Environmental Protection, Dürr AG, GEA Group AG
What trends will propel the growth and evolution of the flue gas desulfurization system market?
Collaboration is a key trend in the flue gas desulfurization system market. Major players are associating themselves with various companies to sustain in the market. For instance, in January 2022, General Electric (GE), a US-based conglomerate, associated with Apollo International Limited for MB Power Madhya Pradesh Ltd to design the whole Wet Flue Gas Desulfurization (WFGD) system. The project entails the design, engineering, and supply of vital WFGD system components. Once completed, it will help the client clean 7.4 million cubic meters of flue gas per hour and eliminate 51,000 tons of SO2 annually.
Which regions are expected to become dominant players in the flue gas desulfurization system market?
Asia-Pacific was the largest region in the flue gas desulfurization system market share in 2024. The regions covered in the flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the flue gas desulfurization system market, and how are they evolving?
The flue gas desulfurization system market covered in this report is segmented –
1) By Type: Wet FGD Systems, Spray Dry FGD System, Dry And Semi-Dry FGD Systems
2) By Installation: Greenfield, Brownfield
3) By End-Use: Power Generation, Chemical, Iron And Steel, Metal Processing And Mining, Cement Manufacturing, Paper And Pulp, Other End Uses
Subsegments:
1) By Wet FGD Systems: Limestone Wet FGD, Seawater FGD
2) By Spray Dry FGD Systems: Spray Dry Absorber (SDA) Systems, Semi-Dry FGD Systems
3) By Dry And Semi-Dry FGD Systems: Dry Sorbent Injection (DSI) Systems, Semi-Dry Absorption Systems
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What defines the structure and scope of the flue gas desulfurization system market?
Flue gas desulfurization system refers to a device that removes sulfur dioxide (SO2) from the fuel gas emission produced from industrial combustion. It is mainly used for reducing SO2 emissions from industries.
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