Flue Gas Desulfurization Systems Market Growing at a CAGR of 4.1% from 2019 to 2026 | Allied Market Research

According to a new report published by Allied Market Research, titled, " Flue Gas Desulfurization Systems Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global flue gas desulfurization (FGD) systems market size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%.

The wet FGD systems segment accounted for over three-fourths of the global flue gas desulfurization systems market share in 2018 and is expected to witness significant growth during the forecast period.

The global flue gas desulfurization market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2019, accounting for nearly three-fifths of the market. However, the market across LAMEA is expected to portray the highest CAGR of 5.0% during the forecast period. On the other hand, the market across North America is expected to register a CAGR of 3.8% during the forecast period.

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This report discusses various aspects of the global flue gas desulfurization systems industry. Based on technology, the wet FGD systems segment is expected to account for the largest share in the market during the forecast period. This is attributed to increased demand from various industries such as power, oil & gas, and mining.

The global gas desulfurization market is segmented on the basis of technology, application, and geography. Based on technology, the market is divided into wet FGD systems, spray dry FGD system, and dry FGD system. The wet FGD systems segment held the largest share in 2018, accounting for more than four-fifths of the market. However, the dry FGD system segment is expected to register the highest CAGR of 5.2% during the forecast period.

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Key Findings of the Study:
o The report provides an extensive analysis of the current and emerging flue gas desulfurization system market trends and dynamics.
o The key market players within the flue gas desulfurization systems market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the flue gas desulfurization systems industry.
o The report provides an extensive analysis of the flue gas desulfurization systems market trends and its emerging opportunities.

The global flue gas desulfurization market report includes an in-depth analysis of the major market players such as Mitsubishi Hitachi Power Systems, Ltd (MHPS), Inc., GEA Group Aktiengesellschaft, Babcock & Wilcox Enterprises, Inc., Thermax Ltd., HAMON Group, and GE Power.

Explore More About Report:https://www.alliedmarketresearch.com/flue-gas-desulfurization-systems-market-A05982

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