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Emerging Trends Influencing The Growth Of The Flue Gas Desulfurization System Market:GE's Collaboration With Apollo International For Advanced Wet Flue Gas Desulfurization System Design
Flue Gas Desulfurization System
How Big Is the Flue Gas Desulfurization System Market Size Expected to Be by 2034?
In recent times, the flue gas desulfurization system market has seen robust growth. Predictions point towards a swelling from its $20.61 billion mark in 2024 to $21.8 billion in 2025, which reflects a compound annual growth rate (CAGR) of 5.8%. This expansion during the historical period is linked to rigorous environmental laws, a heightened worldwide emphasis on air quality, a rise in coal-fired power production, public consciousness and environmental activism, and the broadening of industrial manufacturing.
The market size of the flue gas desulfurization system is projected to experience significant expansion in the ensuing years. The market is forecasted to surge to a value of $27.9 billion in 2029, recording a compound annual growth rate (CAGR) of 6.4%. The accelerated growth in the projected period can be accredited to factors such as the shift towards renewable energy sources, expanded markets for FGD by-products, governmental encouragement for clean energy, an escalating utilization of natural gas, and an emphasis on circular economy practices. Dominant trends expected during the forecasted period encompass the incorporation of digital technologies, a shift in favor of dry FGD technologies, utilization of by-products, collaborations and partnerships, and technological developments in FGD systems.
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What Are the Emerging Segments Within the Flue Gas Desulfurization System Market?
The flue gas desulfurization system market covered in this report is segmented -
1) By Type: Wet FGD Systems, Spray Dry FGD System, Dry And Semi-Dry FGD Systems
2) By Installation: Greenfield, Brownfield
3) By End-Use: Power Generation, Chemical, Iron And Steel, Metal Processing And Mining, Cement Manufacturing, Paper And Pulp, Other End Uses
Subsegments:
1) By Wet FGD Systems: Limestone Wet FGD, Seawater FGD
2) By Spray Dry FGD Systems: Spray Dry Absorber (SDA) Systems, Semi-Dry FGD Systems
3) By Dry And Semi-Dry FGD Systems: Dry Sorbent Injection (DSI) Systems, Semi-Dry Absorption Systems
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What Long-Term Drivers Are Shaping Flue Gas Desulfurization System Market Trends?
The upsurge in the count of coal-fired power plants is set to drive the demand for flue gas desulfurization systems in the market. Coal-fired power plants burn coal as a means of generating electricity, which leads to the emission of harmful gases. The growth in their numbers necessitates the deployment of flue gas desulfarization systems to mitigate emission issues. For example, the U.S. Energy Information Administration, a leading US agency that specializes in collecting, evaluating, and circulating energy data, published a report in August 2022. The report revealed a 16% increase in coal-fired power generation in the US, resulting in the production of 898,679 GWh of power in 2021. Consequently, this increase in coal-fired power plants is fuelling the growth of the flue gas desulfurization system market.
Who Are the Top Competitors in Key Flue Gas Desulfurization System Market Segments?
Major companies operating in the flue gas desulfurization system market are Mitsubishi Heavy Industries Ltd., General Electric Company, Doosan Lentjes GmbH, Babcock & Wilcox Enterprises Inc., Siemens AG, FLSmidth & Co. A/S, Hamon Corporation, Marsulex Environmental Technologies Corporation, Thermax Limited, Ducon Technologies Inc., Clyde Bergemann Power Group, Andritz AG, Valmet Corporation, Chiyoda Corporation, China Energy Engineering Group Co. Ltd., Tri-Mer Corporation, Veolia Water Technologies, Wärtsilä Corp., Wheelabrator Technologies Inc., Yokogawa Electric Corporation, Zhejiang Feida Environmental Science & Technology, Zhejiang DunAn Artificial Environment, Zhejiang Shuanghuan Environmental Protection, Dürr AG, GEA Group AG
What Flue Gas Desulfurization System Market Trends Are Gaining Traction Across Different Segments?
Partnerships are a significant trend in the flue gas desulfurization system market. To remain competitive, top companies are aligning themselves with different firms. For instance, in January 2022, General Electric (GE), a conglomerate based in the US, collaborated with Apollo International Limited for MB Power Madhya Pradesh Ltd, to formulate the complete Wet Flue Gas Desulfurization (WFGD) system design. This project involves the design, engineering, and provision of essential WFGD system parts. Upon completion, it is expected to assist the client in purifying 7.4 million cubic meters of flue gas hourly, and annihilating 51,000 tons of SO2 annually.
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Which Regions Are Becoming Hubs for Flue Gas Desulfurization System Market Innovation?
Asia-Pacific was the largest region in the flue gas desulfurization system market share in 2024. The regions covered in the flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flue Gas Desulfurization System Market?
2. What is the CAGR expected in the Flue Gas Desulfurization System Market?
3. What Are the Key Innovations Transforming the Flue Gas Desulfurization System Industry?
4. Which Region Is Leading the Flue Gas Desulfurization System Market?
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