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2025 Flue Gas Desulfurization System Industry Trends Report: Long-Term Outlook Through 2034
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.How Large Will the Flue Gas Desulfurization System Market Size By 2025?
The market size of the flue gas desulfurization system has witnessed substantial growth in the past few years. The market, which was valued at $20.61 billion in 2024, is anticipated to reach $21.8 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.8%. The pronounced growth during this historical period can be credited to factors such as rigorous environmental rules, amplified global emphasis on air quality, advancement in coal-fired power generation, heightened public consciousness, environmental activism, and expansion in industrial manufacturing.
How Big Is the Flue Gas Desulfurization System Market Size Expected to Grow by 2029?
The market size for the flue gas desulfurization system is poised for impressive expansion in the coming years, hitting a valuation of $27.9 billion in 2029 and enjoying a CAGR of 6.4%. The anticipated growth over the forecast period can be linked to several factors, such as the shift to renewable energy sources, increased usage of flue gas desulfurization (FGD) by-products, government incentives for clean energy, rising consumption of natural gas, and focus on circular economy principles. Key trends expected to shape the forecast period encompass the incorporation of digital technology, a transition to dry FGD methodologies, utilization of byproducts, alliances and strategic partnerships, as well as technological evolutions in FGD systems.
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Which Key Market Drivers Powering Flue Gas Desulfurization System Market Expansion and Growth?
The surge in coal-fired power plants is predicted to quicken the advancement of the flue gas desulfurization system market. Coal-fired power plants are those power stations that produce electricity through the combustion of coal. The rise in these power plants necessitates the utilization of flue gas desulfurization systems to curtail the release of detrimental gases. For example, the U.S. Energy Information Administration, a principal American agency responsible for the collection, assessment, and distribution of energy data, issued a report in August 2022. According to this report, there was a considerable increase in coal-fired power generation in the US, escalating by 16% to measure up to 898,679 GWh in 2021. Hence, the escalating number of such power plants bolsters the growth in the flue gas desulfurization system market.
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Which Fast-Growing Trends Are Poised to Disrupt the Flue Gas Desulfurization System Market?
Cooperation is a crucial trend in the market for flue gas desulfurization systems. Major players are collaborating with a range of companies to maintain their position in the market. For example, in January 2022, US-based industrial conglomerate General Electric (GE) partnered with Apollo International Limited on a project for MB Power Madhya Pradesh Ltd to design a comprehensive Wet Flue Gas Desulfurization (WFGD) system. This undertaking involves designing, engineering, and provision of crucial WFGD system parts. Upon completion, it will enable the client to purify 7.4 million cubic meters of flue gas per hour and dispose of 51,000 tons of SO2 per year.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Flue Gas Desulfurization System Market?
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
Which are the Top Profitable Regional Markets for the Flue Gas Desulfurization System Industry?
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.
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