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Prominent Flue Gas Treatment Systems Market Trend for 2025: Compact Emission Control Devices Reduce Harmful Exhaust Emissions Efficiently
What combination of drivers is leading to accelerated growth in the flue gas treatment systems market?The rise in construction and refurbishment activities is anticipated to boost the growth of the flue gas treatment systems market. Tasks such as land clearance, grading, excavation, filling, and other related tasks to the creation, assembling, alteration, installation, or equipping of structures, roads, or their auxiliaries encompass these activities. Flue gas treatment systems play a crucial role in construction activities by eliminating cement that discharges around one ton of carbon dioxide into the earth's atmosphere. For instance, in 2022, a report from the United States Census Bureau, a governmental organization based in the US, stated that the projected total expenditure on construction in June 2022 was $1,762.3 billion, an increase of 1.5% from $1,628.0 billion in June 2021. Additionally, in 2022, expenditure on construction was reported to be $848.2 billion in the initial six months of 2022, a rise of 10.7% from $766.0 billion during the same time-frame in 2021. Consequently, the escalating construction and restoration activities are contributing to the expansion of the flue gas treatment systems market.
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What is the projected compound annual growth rate (CAGR) of the flue gas treatment systems market from 2025 to 2034, and what factors influence it?
In recent times, the market size for flue gas treatment systems has seen considerable growth. The market is projected to expand from $71.48 billion in 2024 to $75.5 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. Factors such as stricter emission rules, increasing environmental consciousness, difficulties with coal combustion, health worries, growth in gas-powered power plants, preventing acid rains and global industrialization trends have all contributed to this significant growth in the historic period.
The market size of flue gas treatment systems is anticipated to experience robust expansion in the coming years, growing to $94.85 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%. This growth during the forecast period could be driven by factors such as waste-to-energy plants, carbon capture and storage (ccs), an uptick in natural gas usage, as well as a concentration on controlling particulate matter and integrating renewable energy sources. The predicted period also indicates major trends such as the adoption of air quality control technologies, technological progress, a shift towards a circular economy, an increase in the installation of scrubbers, digitalization and remote monitoring, global proliferation of FGT systems, and the implementation of eco-friendly solutions.
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How are the latest trends influencing the growth of the flue gas treatment systems market?
Leading corporations in the flue gas treatment systems market are honing their focus on the creation of innovative products such as compact emission control gadgets. These are designed to aid customers in adhering to genset emission regulations and minimizing environmental harm by lessening harmful exhaust emissions. These unique systems drastically mitigate noxious emissions from engines or corporate processes, distinguishing themselves by their minuscule size and superior efficiency in purifying pollutants like particulate substance and nitrogen oxides. For example, Cummins India Limited, an eminent Indian diesel and natural gas engine manufacturer, introduced a Retrofit Aftertreatment System (RAS) in September 2024. The system efficiently decreases Particulate Matter (PM), Carbon Monoxide (CO), and Hydrocarbon (HC) emissions originating from genset exhaust by nearly 90%, all while being both compact and economical. The system's Diesel Oxidation Catalyst and Particulate Filter technology confirms adherence to severe emission rules, supporting cleaner air and reduced maintenance expenses.
What are the major segments of the flue gas treatment systems market and their role in driving growth?
The flue gas treatment systems market covered in this report is segmented -
1) By Pollutant Control System: Particulate Control, Flue Gas Desulfurization, DeNOx, Mercury Control, Other Pollutant Control System (Volatile Organic Compounds, Dioxins, And Furans)
2) By Business Type: System, Service, Other Business Type
3) By End-Use Industry: Power, Cement, Iron And Steel, Non-Ferrous Metal, Chemical And Petrochemical, Other End-Use Industry (Glass, Pharmaceuticals, And Pulp And Paper)
Subsegments:
1) By System: Flue Gas Desulfurization Systems, Selective Catalytic Reduction (SCR) Systems, Electrostatic Precipitators (ESPs)
2) By Service: Installation Services, Maintenance And Repair Services, Consulting And Engineering Services
3) By Other Business Type: Equipment Rental And Leasing, Spare Parts And Components Sales, Training And Support Services
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Which regions are key players in the growth of the flue gas treatment systems market?
Asia-Pacific was the largest region in the flue gas treatment systems market in 2024. The regions covered in the flue gas treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the flue gas treatment systems market?
Major companies operating in the flue gas treatment systems market are 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
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What Is Covered In The Flue Gas Treatment Systems Global Market Report?
• Market Size Forecast: Examine the flue gas treatment systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the flue gas treatment systems market for a structured understanding.
• Key Players Overview: Analyze major players in the flue gas treatment systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flue gas treatment systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the flue gas treatment systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flue gas treatment systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the flue gas treatment systems market.
• Competitive Landscape: Review strategic developments in the flue gas treatment systems market, including expansions, agreements, and new product launches.
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