Press release
Flue Gas Desulfurization Systems Market to Garner USD 25.1 Billion, growing at a CAGR of 4.1%
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/A05982
the global FGD systems market, valued at $17.9 billion in 2018, is expected to reach $25.1 billion by 2026, with a CAGR of 4.1%. The wet FGD systems segment held over three-fourths of the global market share in 2018 and is projected for significant growth.
The adoption of FGD systems has surged, driven by rising concerns over pollution and environmental protection. Growing industrialization and awareness of health risks associated with air pollution are key factors propelling demand for these systems. However, high product and installation costs remain a constraint on market growth.
Rapidly industrializing economies, including India and China, are witnessing heightened demand for air scrubbers due to the presence of numerous local manufacturers. Industrial expansion offers promising opportunities, particularly for smaller manufacturers globally. In contrast, the FGD systems market in LAMEA is in an early stage but is expected to develop rapidly as awareness around air pollution control grows. Economic expansion and increased access to advanced technologies in LAMEA are anticipated to create lucrative opportunities for market players.
The report delves into various aspects of the global FGD industry. By technology, the wet FGD systems segment is expected to lead the market, supported by demand across power, oil & gas, and mining sectors. In terms of application, the power plants segment is forecasted to hold the largest share due to the need to control SO2 emissions and other gaseous pollutants. Geographically, Asia-Pacific leads the market, with regional players in China and India expanding through enhanced product lines, broader reach, and an expanding customer base.
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ญ๐ก ๐๐๐: https://www.alliedmarketresearch.com/flue-gas-desulfurization-systems-market-A05982
Key Findings of the Study:
The report provides an in-depth analysis of emerging trends and dynamics within the FGD systems market.
Major market players are profiled, with strategic insights that clarify the competitive landscape of the FGD industry.
Extensive analysis of market trends and emerging opportunities is included.
Detailed market estimations are provided for key segments between 2018 and 2026.
The report offers a comprehensive forecast of the global FGD systems market from 2019 to 2026.
By technology, the wet FGD systems segment was the highest revenue generator in 2018.
By application, the power plants segment accounted for nearly three-fifths of the market revenue in 2018 and is projected to grow at a strong CAGR through 2026.
LAMEA is expected to show significant growth throughout the forecast period.
In North America, the U.S. held over 60% of the regional FGD market share in 2018.
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