Press release
Global Wet Flue Gas Desulfurization System Market to Reach $24.12 Billion by 2029, Growing at 6.6% CAGR
Wet Flue Gas Desulfurization System Market Size
The market size for the wet flue gas desulfurization system has witnessed significant expansion in the past few years. Its growth is projected to elevate from $17.47 billion in 2024 to $18.67 billion in 2025, at a compound annual growth rate (CAGR) of 6.9%. Factors contributing to growth in the historic phase include strict environmental rules, the upsurge in coal-fired power plants, government incentives for pollution management, high content sulfur in coal, and increasing health-related concerns.
Expectations are high for significant expansion for the wet flue gas desulfurization system market in the ensuing years, with projections pointing towards a target size of $24.12 billion by 2029, advancing at a compound annual growth rate (CAGR) of 6.6%. The imminent growth within this projection period is likely due to the shift towards renewable energy forms, the intensifying installation and maintenance costs, regulatory concessions in certain areas, increased adoption of natural gas and the need for smaller, more effective systems. Key market trends during this projection phase are presumed to incorporate amalgamation with carbon capture systems, dedicated efforts towards energy-efficient forms, the evolution of combined systems, breakthroughs in sorbent materials, and the embracing of digital monitoring solutions.
What Factors Are Fueling Growth in the Wet Flue Gas Desulfurization System Market?
The surge in the need for cleaner energy methodologies is set to drive the expansion of the wet flue gas desulfurization system market. An increase in environmental regulations, developments in renewable energy technologies, a boost in client demand for sustainable operations, and the imperative to lower greenhouse gas emissions are all contributing to this demand for cleaner energy solutions. Wet flue gas desulfurization systems play a crucial role in these solutions by efficiently extracting sulfur dioxide from emissions, decreasing air pollution, and facilitating compliance with environmental standards. For example, as reported by the International Energy Agency (IEA), an autonomous intergovernmental body based in France, in July 2023, the generation of power from solar photovoltaic systems reached a new high of 270 TWh in 2022, a 26% rise from 2021. Consequently, the increasing demand for cleaner energy solutions is fueling the growth of the wet flue gas desulfurization system market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18797&type=smp
Which Leading Companies Are Shaping the Growth of the Wet Flue Gas Desulfurization System Market?
Major companies operating in the wet flue gas desulfurization system market are General Electric Company, Alstom S.A., AECOM, Kawasaki Heavy Industries Ltd., Burns & McDonnell, Andritz Group, Valmet Corporation, FLSmidth And Co., Chiyoda Corporation, Mitsubishi Hitachi Power Systems Ltd, Thermax Ltd., Babcock & Wilcox Enterprises Inc., KC Cottrell, Hamon Group, Rafako S.A., Ducon Technologies Inc., Doosan Lentjes GmbH, Steinmuller Engineering GmbH, Marsulex Environmental Technologies, BAOLAN EP INC., Rudis Trbovlje, Macrotek Inc.
What Are the Major Trends Shaping the Wet Flue Gas Desulfurization System Market?
Major firms in the wet flue gas desulfurization system market are using strategic partnerships to improve technological collaboration and broaden their market footprint. Strategic partnerships generally imply a cooperative arrangement between two or more companies who pool their resources, knowledge, and endeavors to reach shared goals or objectives. For example, In January 2023, Babcock & Wilcox (B&W), a US-based energy technology firm, broadened its environmental solutions by establishing a strategic alliance with Hamon Research-Cottrell, an Indian company specializing in air pollution control systems. This alliance has strengthened B&W's flue gas desulfurization (FGD) capabilities, allowing it to offer harder-hitting solutions to reduce sulfur dioxide and other pollutants. B&W elevated its capability to support cleaner energy production across numerous sectors requiring advanced emission control solutions, thanks to Hamon Research-Cottrell's expertise and technologies such as wet and dry electrostatic precipitators, fabric filters, and different scrubbers.
What Are the Key Segments of the Wet Flue Gas Desulfurization System Market?
The wet flue gas desulfurization system market covered in this report is segmented -
1) By Type: Spray Tower, Jet Bubbling, Tray Tower
2) By Installation: Greenfield, Brownfield
3) By Application: Power Plants, Chemical And Petrochemical, Cement, Metal Processing And Mining, Manufacturing, Other Applications
Subsegments:
1) By Spray Tower: Single-Stage Spray Tower, Multi-Stage Spray Tower
2) By Jet Bubbling: Venturi Jet Bubbling, Non-Venturi Jet Bubbling
3) By Tray Tower: Counter-Flow Tray Tower, Co-Current Tray Tower
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/wet-flue-gas-desulfurization-system-global-market-report
Which Region Dominates the Wet Flue Gas Desulfurization System Market?
Asia-Pacific was the largest region in the wet flue gas desulfurization system market in 2024. The regions covered in the wet flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Wet Flue Gas Desulfurization System Global Market Report?
- Market Size Analysis: Analyze the Wet Flue Gas Desulfurization System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wet Flue Gas Desulfurization System Market for effective categorization.
- Key Player Focus: 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 Wet Flue Gas Desulfurization System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wet Flue Gas Desulfurization System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18797
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Wet Flue Gas Desulfurization System Market to Reach $24.12 Billion by 2029, Growing at 6.6% CAGR here
News-ID: 3866164 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for Wet
Wet Age-Related Macular Degeneration (Wet AMD) market is expected to reach USD 1 …
Wet age-related macular degeneration (Wet AMD) is a chronic, progressive eye disorder and one of the leading causes of severe vision loss in people over 60. Unlike the dry form of AMD, Wet AMD is characterized by the growth of abnormal blood vessels under the retina that leak fluid or blood, leading to rapid central vision loss. While Wet AMD accounts for only about 10-15% of all AMD cases, it…
Wet And Cold Appliance Market Size Analysis by Application, Type, and Region: Fo …
USA, New Jersey- According to Market Research Intellect, the global Wet And Cold Appliance market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The wet and cold appliance market is expanding steadily, driven by changing consumer lifestyles, increasing urbanization, and rising demand for home automation. Appliances…
Semiconductor Electronic Wet Chemicals Market
Semiconductor Electronic Wet Chemicals Market Overview
Electronic wet chemicals are ultra-pure nature due to which they are extensively used in cleaning and etching application during semiconductor production and processing.
This report provides a deep insight into the global Semiconductor Electronic Wet Chemicals market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market…
Wet and Dry Vacuum Cleaner Market
The "Wet and Dry Vacuum Cleaner Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Wet and Dry Vacuum Cleaner Market, 2024-2031
Verified Market Research's most recent report, "Wet and Dry Vacuum Cleaner Market: Global Industry Trends, Share, Size,…
Wet Filtered Downdraught Workbench Market
Wet filtered downdraught workbench is the industry's leading solution for the collection of combustible metal dust which can safely removes combustible materials while complying with NFPA and OSHA combustible dust guidelines.
The global Wet Filtered Downdraught Workbench market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine…
Corn Wet-milling Market Corn Wet Milling Market Share, Size, Demand, Key Players …
Market Analysis and Insights of Global Corn Wet-milling Market
The corn wet-milling market is expected to witness market growth at a rate of 5.70% in the forecast period of 2022 to 2029. Data Bridge Market Research report on corn wet-milling market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The growth in awareness globally is…
