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Growth and Forecasts for Flue Gas Desulfurization Market

03-14-2024 11:26 AM CET | Energy & Environment

Press release from: Triton Market Research

FLUE GAS DESULFURIZATION MARKET

FLUE GAS DESULFURIZATION MARKET

As per Triton's research report, the global market for flue gas desulphurization generated a $21754.15 million revenue in 2022 and is expected to rise with a CAGR of 4.93% over the forecasting years 2023-2030.

A recent study by Triton Market Research titled Global Flue Gas Desulphurization Market includes the Global Analysis and Forecasts by Application (Iron and Steel, Power Generation, Cement Manufacturing, Chemicals, Other Applications), Technology (Spray Dry FGD Systems, Wet FGD Systems, Dry FGD Systems), and Regional Outlook (North America, Latin America, Middle East and Africa, Europe, Asia-Pacific).

Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/flue-gas-desulfurization-market?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR

Flue gas desulfurization is a process used to separately remove sulfur dioxide from the emissions of fossil fuel power plants to avoid air degradation. It helps neutralize the sulfur dioxide gas with the help of scrubber systems. This technology has applications in petroleum refineries, sulfuric acid plants, industrial boilers, etc.

Triton's report predicts the global flue gas desulfurization market to witness a growth rate of 4.93% during the forecasting years 2023-2030. The anticipated revenue will be $31952.98 million by 2030.

Request a Free Sample of the Global Flue Gas Desulfurization Market Report: https://www.tritonmarketresearch.com/reports/flue-gas-desulfurization-market#request-free-sample

The market is expected to increase as a result of measures taken to protect public health from airborne illnesses and lessen the detrimental effects that sulfur dioxide emissions have on the environment. Long-term exposure to sulfur dioxide raises the risk of respiratory conditions such as asthma, coughing, shortness of breath, and throat discomfort. Industries are forced to follow the stringent emission guidelines and regulations set forth by regulatory bodies in order to manage this health risk. The flue gas desulfurization industry is growing as a result of governmental efforts to provide safer and cleaner environments.

However, the market faces challenges like industrial slowdowns, which causes limited findings to install and upgrade the FGD systems. The increasing dependability on renewable energy and awareness about the green economy further reduces the need for FGD systems in industries.

Here's a link to our Regional Reports Summary:
https://www.tritonmarketresearch.com/search-report/FLUE+GAS+DESULFURIZATION+MARKET

The FGD market is divided into two segments: application and technology. Its uses include iron and steel production, electricity generating, cement manufacturing, chemicals, and others. The market is further categorized by technology into dry FGD systems, spray dry systems, and wet FGD systems.

Asia-Pacific dominates the market for flue gas desulfurization. This area has the highest reserves of limestone, which is required for the establishment of FGD systems. As a result, the industrial landscapes of the region's emerging nations will undergo significant changes, raising the demand for flue gas desulfurization technology. The key industries driving the expansion of FGD systems are coal, chemicals, and thermal power plants.

Thermax Ltd, Andritz AG, Mitsubishi Hitachi Power Systems Ltd, Babcock & Amp, Rafako SA, Willcox Enterprises Inc, Ducon Technologies Inc, Flsmidth AS, Hamon Group, John Wood Group Plc, Chiyoda Corporation Doosan Lentjes GmbH, Kawasaki Heavy Industries Ltd, Marsulex Environmental Technologies, and Fujian Longking Co Ltd are the leading companies in FGD market.

Purchase this report: https://www.tritonmarketresearch.com/reports/flue-gas-desulfurization-market#purchase-option

Question & Answer: Global Flue Gas Desulfurization Market

Question 1: What factors lead to the growth of the flue gas desulfurization market?
Answer: The growth of the market is attributed to factors like reducing the serious impact of sulfur dioxide emissions on the environment and safeguarding public health from airborne diseases. Long exposure to sulfur dioxide causes respiratory diseases like asthma, throat irritation, coughing, and shortness of breath. To address this health concern, adhering to the strict emission rules and standards of regulatory authorities becomes a norm for industries. Hence, there is a regulatory push for achieving cleaner air and a safer environment, which drives the flue gas desulfurization market's development.

Question 2: What are the factors that hamper flue gas desulfurization market expansion?
Answer: The market faces challenges like industrial slowdowns, which causes limited findings to install and upgrade the FGD systems. The increasing dependability on renewable energy and awareness about the green economy further reduces the need for FGD systems in industries.

Question 3: Which region dominates the flue gas desulfurization market?
Answer: Asia-Pacific dominates the flue gas desulfurization market. This region has the highest reserves of limestone, which is an important raw material for setting up FGD systems. Hence, the developing countries in the region will witness a massive transformation in the industrial landscape, spurring the demand for flue gas desulfurization solutions. The biggest industries, like thermal power plants, chemicals, and coal, are the primary growth drivers of the FGD systems.

Question 4: Which are the leading companies in the FGD market?
Answer: Thermax Ltd, Andritz AG, Mitsubishi Hitachi Power Systems Ltd, Babcock & Amp, Rafako SA, Willcox Enterprises Inc, Ducon Technologies Inc, Flsmidth AS, Hamon Group, John Wood Group Plc, Chiyoda Corporation Doosan Lentjes GmbH, Kawasaki Heavy Industries Ltd, Marsulex Environmental Technologies, and Fujian Longking Co Ltd are the leading companies in FGD market.

Related Reports:

GLOBAL INDUSTRIAL AIR PURIFIER MARKET
https://www.tritonmarketresearch.com/reports/industrial-air-purifier-market

The global industrial air purifier market is predicted to grow at a CAGR of 7.06% during the forecast period 2022-2028.

An increase in health disorders due to the degradation of air quality and a rise in demand for the safety of workers are driving the market growth. Demolishment activities, reconstruction and emissions from transport raise the market demand for Industrial air purifiers.

GLOBAL AIR POLLUTION CONTROL SYSTEM MARKET
https://www.tritonmarketresearch.com/reports/air-pollution-control-system-market

The global air pollution control system market is expected to reach a CAGR of 4.96% during the forecast period of 2019-2027.

A constant rise in air pollution fueled by a rise in population drives the market growth for air pollution control systems. To adopt stringent environmental standards and follow government regulations, industries like coal, iron, steel, and thermal power plants are keen to install air pollution control systems, which creates opportunities in the market. However, the market faces a challenge from the renewable energy market.

GLOBAL PORTABLE AIR PURIFIER MARKET
https://www.tritonmarketresearch.com/search-report/Portable+Air+Purifier+Market

The global portable air purifier market is estimated to rise at a CAGR of 9.12% during the forecast years 2019-2028.

The growth of the portable air purifier market is driven by factors like degrading air quality, public health issues and environmental degradation. A demand rise to install smart air purifiers and air filtration within the healthcare sector provides a significant opportunity for the market's growth. Upsurge in the use of renewable energy and higher costs of operation restrict the market growth.

Triton Market Research
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London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

Triton is a leading market research company providing clients with the best online market research data reports.Our offerings include syndicated market insights, customized research reports, and cost-effective consulting services for constructive decision-making.

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