Press release
Flue Gas Treatment Systems: Market Insights, Key Trends, and Forecast 2024-2033 || AMEC Foster Wheeler plc, Babcock & Wilcox Enterprises Inc
Flue Gas Treatment Systems Global Market Report 2024
The Business Research Company presents an extensive market research report on the Flue Gas Treatment Systems Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flue gas treatment systems market size has grown strongly in recent years. It will grow from $68.01 billion in 2023 to $72.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. 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 $89.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. 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 fgd systems, integration of green solutions..
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Key Market Players:
Major companies operating in the flue gas treatment systems market report are AMEC Foster Wheeler plc, Babcock & Wilcox Enterprises Inc., Clyde Bergemann Power Group, FLSmidth & Company A/S, General Electric Company, Mitsubishi Hitachi Power Systems Limited, Thermax Limited, Babcock & Wilcox Construction Co. LLC, Siemens AG, Agilis Technology Ltd., Classifier Milling Systems Corporation, John Wood Group plc, 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, Electricite de France SA, Envirotherm GmbH, Fisia Babcock Environment GMBH, Fluor Corporation, Hitachi Zosen Corp., Neumann Systems Group Inc., Rheinisch-Westfälisches Elektrizitätswerk AG, Steag SCR-Tech Inc., Suez SA, Sulzer Chemtech Ltd., Tractebel Engineering SA, Veolia SA
Market Drivers:
The increased 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 tonne 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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https://www.thebusinessresearchcompany.com/report/flue-gas-treatment-systems-global-market-report
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 & Steel, Non-Ferrous Metal, Chemical & Petrochemical, Other End-use Industry (Glass, Pharmaceuticals, And Pulp & Paper)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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