Press release
Flue Gas Treatment Systems Market: Rising at a CAGR of 5.6% to Reach $75.5 Billion in 2025
Flue Gas Treatment Systems Market
What Is The Projected Market Size Of The Global Flue Gas Treatment Systems Market And Its Growth Rate?
The global flue gas treatment systems market has experienced robust growth in recent times:
• The market surged from $71.48 billion in 2024 to an estimated $75.5 billion in 2025, progressing at a compound annual growth rate (CAGR) of 5.6%.
• The growth in the forecast period is bolstered by factors such as stringent emission regulations, growing environmental awareness, health concerns, coal combustion challenges, rise in gas-fired power plants, and acid rain mitigation trends.
• A strong surge is forecasted, with the market expected to soar to $94.85 billion by 2029 at a CAGR of 5.9%.
• Innovations such as waste-to-energy plants, carbon capture and storage, an increase in natural gas usage, particulate matter control, and renewable energy integration are expected to propel this growth in the upcoming years.
What Is Driving The Growth In The Flue Gas Treatment Systems Market?
The flue gas treatment systems market is witnessing a significant boost from increasing construction and reconstruction activities worldwide. These activities make substantial use of the flue gas treatment systems by eliminating the emissions emanating from cement manufacture, thereby aiding in maintaining environmental balance. For instance, total construction spending increased remarkably by 1.5% to $1,762.3 billion in June 2022, as reported by the United States Census Bureau. Moreover, the first six months of 2022 recorded a 10.7% rise in construction spending, reaching $848.2 billion, compared to $766.0 billion in the same period in 2021. Hence, the escalating construction and reconstruction activities are driving the substantial growth in the flue gas treatment systems market.
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Who Are the Key Players Driving Flue Gas Treatment Systems Market Growth?
The major companies propelling the growth of the flue gas treatment systems market include:
• Babcock & Wilcox Enterprises Inc.
• Clyde Bergemann Power Group
• FLSmidth & Company A/S
• General Electric Company
• Mitsubishi Hitachi Power Systems Limited
• Thermax Limited
• Siemens AG
• Agilis Technology Ltd.
• 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
• Envirotherm GmbH
• Fisia Babcock Environment GMBH
• Hitachi Zosen Corp.
• Neumann Systems Group Inc.
• Steag SCR-Tech Inc.
• Suez SA
• Sulzer Chemtech Ltd.
• Veolia SA.
What Are The Key Trends In The Flue Gas Treatment Systems Market?
Key trends driving the market forward include:
• Adoption of air quality control technologies
• Technological advancements
• Focus on the circular economy
• Increase in scrubber installations
• Digitalization and remote monitoring
• Global expansion of flue gas treatment systems
• Integration of green solutions.
What Are The Segments Of The Global Flue Gas Treatment Systems Market?
The market is segmented according to:
1) Pollutant Control System: Particulate Control, Flue Gas Desulfurization, DeNOx, Mercury Control, Other Pollutant Control System (Volatile Organic Compounds, Dioxins, and Furans)
2) Business Type: System, Service, Other Business Type
3) End-Use Industry: Power, Cement, Iron and Steel, Non-Ferrous Metal, Chemical and Petrochemical, Other End-Use Industry (Glass, Pharmaceuticals, and Pulp and Paper)
Which Region Leads The Flue Gas Treatment Systems Market?
Asia-Pacific held the largest share in the flue gas treatment systems market in 2024. Additionally, other significant regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Flue Gas Treatment Systems Market Global Market Report?
- Market Size Analysis: Analyze the Flue Gas Treatment Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Flue Gas Treatment Systems Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Flue Gas Treatment Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Flue Gas Treatment Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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