Flue Gas Desulfurization System Market Growth Accelerates: Strategic Forecast Predicts $26.96 Billion by 2029

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What Will the Flue Gas Desulfurization System Industry Market Size Be by 2025?
The market size of the flue gas desulfurization system has experienced consistent growth in the past few years. From $20.61 billion in 2024, it's projected to rise to $21.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.1%. The market's historic growth is mainly due to strict environmental laws, a worldwide emphasis on air quality, an uptick in coal-fired power generation, increased public consciousness, environmental activism, and the growth of the industrial manufacturing sector.

What's the Long-Term Growth Forecast for the Flue Gas Desulfurization System Market Size Through 2029?
The market for flue gas desulfurization systems is predicted to witness robust expansion in the coming years, with its value anticipated to reach $26.96 billion by 2029 at a CAGR of 5.9%. The predicted growth in the forecast phase can be linked to factors such as the increasing shift towards renewable energy, wide-ranging application prospects for FGD byproducts, governmental endorsements for cleaner energy sources, rising utilization of natural gas, and an emphasis on circular economy applications. Key market trends projected within this period are the adoption of digital technologies, a transition to dry FGD technologies, the exploitation of byproducts, mutually beneficial collaborations and partnerships, and technical advancements in FGD systems.

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What Are the Key Growth Drivers Fueling the Flue Gas Desulfurization System Market Expansion?
The surge in coal-fueled power plants is predicted to boost the flue gas desulfurization system market. Coal-fueled power plants allude to power stations that produce electricity through the combustion of coal. There is a growing need for flue gas desulfurization systems due to the rising count of these power plants, in order to curtail the emissions of harmful gases. For example, a report was released by the U.S. Energy Information Administration, a leading US agency that collects, examines and disseminates energy information, in August 2022. This report revealed a 16% increase in coal-fueled power generation in the US, hitting 898,679 GWh in 2021. Hence, the mounting number of coal-fueled power plants fundamentally contributes to the expansion of the flue gas desulfurization system market.

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What Are the Key Trends Driving Flue Gas Desulfurization System Market Growth?
Partnerships are becoming a significant development in the flue gas desulfurization system market. Leading businesses are joining forces with various companies for survival in the industry. For example, General Electric (GE), a conglomerate based in the United States, partnered with Apollo International Limited in January 2022 for MB Power Madhya Pradesh Ltd. This collaboration aims to conceptualize the entire Wet Flue Gas Desulfurization (WFGD) system. The project includes planning, technical aspects, and provision of critical WFGD system parts. Once established, it will effectively facilitate the cleaning of 7.4 million cubic meters of flue gas per hour thereby reducing 51,000 tons of SO2 each year.

How Is the Flue Gas Desulfurization System Market Segmented?
The flue gas desulfurization systemmarket 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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Which Companies Are Leading the Charge in Flue Gas Desulfurization System Market Innovation?
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 Regions Are Leading the Global Flue Gas Desulfurization System Market in Revenue?
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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