The Business Research Company’s report on the Flue Gas Treatment Systems Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the flue gas treatment systems industry?
The increasing construction and reconstruction activities are expected to propel the flue gas treatment systems market growth going forward. The construction and reconstruction activities involve clearing land, grading, digging, filling, and any other work related to the building, assembling, altering, installing, or equipping of structures, roadways, or their ancillaries. A flue gas treatment system is helpful in construction activities by removing cement that emits about one ton of carbon dioxide into the environment. For instance, in 2022, according to a report published by the United States Census Bureau, a US-based government agency, total construction spending in June 2022 is estimated at $1,762.3 billion, up 1.5% from $1,628.0 billion in June 2021. Further, in 2022, construction spending was $848.2 billion in the first six months 2022, up 10.7% from $766.0 billion for the same period in 2021. Therefore, the increased construction and reconstruction activities are driving the growth of the flue gas treatment systems market.
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What is the estimated market size of the flue gas treatment systems sector by 2029, based on current forecasts?
The flue gas treatment systems market size has grown strongly in recent years. It will grow from $71.48 billion in 2024 to $75.5 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to stringent emission regulations, growing environmental awareness, coal combustion challenges, health concerns, rise in gas-fired power plants, acid rain mitigation, global industrialization trends.
The flue gas treatment systems market size is expected to see strong growth in the next few years. It will grow to $94.85 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to waste-to-energy plants, carbon capture and storage (ccs), increasing natural gas usage, focus on particulate matter control, renewable energy integration. Major trends in the forecast period include adoption of air quality control technologies, technological advancements, focus on circular economy, increase in scrubber installations, digitalization and remote monitoring, global expansion of FGT systems, integration of green solutions.
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Who are the top players in the flue gas treatment systems market?
Major companies operating in the flue gas treatment systems market are Babcock & Wilcox Enterprises Inc., Clyde Bergemann Power Group, FLSmidth & Company A/S, General Electric Company, Mitsubishi Hitachi Power Systems Limited, Thermax Limited, Siemens AG, Agilis Technology Ltd., KSB SE & Co KGaA, Howden Group Limited, Sodimate Inc., B&W MEGTEC LLC, BASF SE, Bilfinger SE, Bionomic Industries Inc., CECO Environmental Corp., Dürr AG, Envirotherm GmbH, Fisia Babcock Environment GMBH, Hitachi Zosen Corp., Neumann Systems Group Inc., Steag SCR-Tech Inc., Suez SA, Sulzer Chemtech Ltd., Veolia SA
What are the major trends in the flue gas treatment systems market?
Major companies operating in the flue gas treatment systems market are focusing on developing innovative solutions such as compact emission control devices to help customers meet genset emission regulations and reduce environmental impact by cutting harmful exhaust emissions. A compact emission control device is a specialized system designed to significantly reduce harmful exhaust emissions from engines or industrial processes, typically characterized by its small size and high efficiency in filtering pollutants such as particulate matter and nitrogen oxides. For instance, in September 2024, Cummins India Limited, an India-based manufacturer of diesel and natural gas engines, launched the Retrofit Aftertreatment System (RAS). This reduces Particulate Matter (PM), Carbon Monoxide (CO), and Hydrocarbon (HC) emissions from genset exhaust by up to 90% while being compact and cost-efficient. Its Diesel Oxidation Catalyst and Particulate Filter technology ensures compliance with stringent emission regulations, supporting cleaner air and lower maintenance costs.
Which geography holds the highest flue gas treatment systems market share?
Asia-Pacific was the largest region in the flue gas treatment systems market in 2024. The regions covered in the flue gas treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the flue gas treatment systems market?
The flue gas treatment systems market covered in this report is segmented –
1) By Pollutant Control System: Particulate Control, Flue Gas Desulfurization, DeNOx, Mercury Control, Other Pollutant Control System (Volatile Organic Compounds, Dioxins, And Furans)
2) By Business Type: System, Service, Other Business Type
3) By End-Use Industry: Power, Cement, Iron And Steel, Non-Ferrous Metal, Chemical And Petrochemical, Other End-Use Industry (Glass, Pharmaceuticals, And Pulp And Paper)
Subsegments:
1) By System: Flue Gas Desulfurization Systems, Selective Catalytic Reduction (SCR) Systems, Electrostatic Precipitators (ESPs)
2) By Service: Installation Services, Maintenance And Repair Services, Consulting And Engineering Services
3) By Other Business Type: Equipment Rental And Leasing, Spare Parts And Components Sales, Training And Support Services
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How is the flue gas treatment systems market defined?
Flue gas treatment systems refer to the equipment, which consists of a bag filter, a dry reactor, and a multi-cyclone that collects any remaining pollutants and makes sure that emissions meet strict emission regulations. Flue gas treatment systems are used to purify the gas generated by energy from waste before it is released into the environment.
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