Flue Gas Desulfurization (FGD) Systems Market growing at a CAGR of 4.1% & projected to reach $25,063.8 million in 2026

The flue gas desulfurization (FGD) systems market, valued at $17,869.1 million in 2018, is projected to reach $25,063.8 million by 2026, growing at a CAGR of 4.1%. FGD systems remove sulfur dioxide (SO2) from gases produced by burning fossil fuels such as coal and oil, and from various industrial processes. This is crucial as SO2 emissions contribute to acid rain, prompting global regulatory measures.

Download PDF Sample@ https://www.alliedmarketresearch.com/request-sample/A05982

Market growth is driven by the rising use of FGD systems in the cement and chemical manufacturing industries and increasing awareness of air pollution's health impacts. Major players like Mitsubishi Hitachi Power Systems offer systems such as wet limestone-gypsum and seawater FGD, which are effective in reducing SO2 emissions from industrial sources.

The growing industrialization and urbanization worldwide have led to worsening air quality, prompting countries like the U.S., China, and India to implement stringent air quality regulations. These efforts are boosting the FGD systems market. However, high operational costs and initial investments, along with a decline in coal power plants, pose challenges to market growth.

Technological advancements by companies like GE Power and Thermax have increased the demand for efficient FGD systems. For instance, ANDRITZ's advanced limestone FGD units and Carmeuse's Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS) offer cost-effective and efficient solutions for SO2 removal.

The market is segmented by technology into wet FGD systems, spray dry FGD systems, and dry FGD systems. The wet FGD systems segment is expected to dominate. By application, the market is categorized into power plants, cement, metal processing & mining, manufacturing, and chemicals, with power plants anticipated to remain the dominant segment.

Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is projected to lead the market throughout the forecast period, while LAMEA is expected to exhibit the highest CAGR.

Key players in the market include Mitsubishi Hitachi Power Systems, Babcock & Wilcox Enterprises, GEA Group, and Thermax, with strategies focusing on acquisitions and business expansion.

This report offers a comprehensive analysis of market trends, dynamics, and opportunities, along with profiles of key market players and their competitive strategies.

Full Report@ https://www.alliedmarketresearch.com/flue-gas-desulfurization-systems-market-A05982

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.