Flue Gas Desulfurization System Market Top Key Players - Marsulex Environmental Technologies, Thermax Ltd., Babcock & Wilcox Enterprises Inc., Carmeuse, GEA Group Aktiengesellschaft, Koch-Glitsch, KraftPowercon, Mitsubishi Heavy Industries Ltd., General E

According to a new report published by xResearch, titled, "Flue Gas Desulfurization System Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021-2030," the global flue gas desulfurization system market size is anticipated to witness moderate growth during the forecast period i.e.2022-2030.

The depleting global air quality due to fast-paced urbanization and industrialization across the globe, the increasing number of regulations to curtail air pollution, the growing emphasis of players on developing technologically advanced products, the surging demand &usage of FGD gypsum in various industry verticals, and the soaring investments in thermal power plants worldwide are among the major factors augmenting the growth of the global flue gas desulfurization system market.

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According to technology, the wet FGD systems segment captured the largest share of the global flue gas desulfurization system market in 2021. The trend is expected to continue throughout the forecast period of 2022-2030.

However, the dry FGD systems segment is anticipated to achieve the highest CAGR in the market during the forecast period of 2022-2030.According to application, the power generation segment acquired the largest share of the market in 2021. The segment is predicted to maintain its position and register the highest CAGR in the market during the forecast period of 2022-2030.

Geographically, the Asia Pacific region led the global flue gas desulfurization market in 2021. The region is projected to remain dominant and also experience the fastest growth in the market during the forecast period of 2022-2030.

The high usage of coal for fulfilling the increasing energy demand, rising number of stringent emission standards for coal-based power plants, the fast expansion of end-user industries and the growing number of coal-fired power plants in the region are majorly driving the growth of the market in the Asia Pacific. Countries such as India, Japan, China, Indonesia, Vietnam, Bangladesh, and South Korea are among the key contributors to the growth of the market in the region.

Some of the major flue gas desulfurization system companies profiled in the report include Marsulex Environmental Technologies, Thermax Ltd., Babcock & Wilcox Enterprises Inc., Carmeuse, GEA Group Aktiengesellschaft, Koch-Glitsch, KraftPowercon, Mitsubishi Heavy Industries Ltd., General Electric Company, and Doosan Lentjes GmbH.

The global flue gas desulfurization system market is segmented into technology, application, and region. Based on technology, the market is bifurcated into wet FGD systems, spray dry FGD systems, and dry FGD systems. Based on application, it is classified into power plants, chemicals, cement, metal processing & mining, and manufacturing.

The global flue gas desulfurization system market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Flue Gas Desulfurization System Market

• On the basis technology, the wet FGD systems segment captured the largest share of the global flue gas desulfurization system market in 2021. However, the dry FGD systems segment is anticipated to achieve the highest CAGR in the market during the forecast period of 2022-2030.

• On the basis of application, the power generation segment acquired the largest share of the market in 2021. The segment is predicted to maintain its position and register the highest CAGR in the market during the forecast period of 2022-2030.

• On the basis of region, the Asia Pacific region led the global flue gas desulfurization market in 2021. The region is projected to remain dominant and also experience the fastest growth in the market during the forecast period of 2022-2030.

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