Dry Flue Gas Desulfurization System Market Size - By Application (Power Plants, Chemical & Petrochemical, Cement, Metal Processing & Mining, Manufacturing), Regional Outlook & Growth Forecast, 2024 – 2032

Dry Flue Gas Desulfurization System Market Size

Dry Flue Gas Desulfurization System Market was valued at USD 2.3 billion in 2023 and is set to grow at a CAGR of over 4.6% from 2024 to 2032. Stringent environmental regulations along with product’s technological advancements & cost efficiency will add into the market growth?. Governments worldwide are imposing strict limits on sulfur dioxide (SO?) emissions from industrial and power generation facilities to combat air pollution and its adverse health effects.
 

Regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Union (EU) have set stringent emission standards, compelling industries to adopt effective desulfurization technologies. This regulatory pressure ensures a consistent demand for dry FGD systems as companies strive to comply with legal requirements and avoid penalties.
 

Dry Flue Gas Desulfurization System Market Trends

The global increase in energy demand and rapid industrialization, particularly in e merging economies, is driving the expansion of the dry FGD system market. As countries strive to meet their energy needs and support industrial growth, the construction of new coal-fired power plants and industrial facilities is on the rise. These facilities are major sources of sulfur dioxide emissions, necessitating the installation of FGD systems to mitigate environmental impact. The correlation between energy consumption, industrial activities, and SO? emissions underscores the critical role of dry FGD systems in ensuring sustainable development, thereby complementing the industry landscape.
 

Dry Flue Gas Desulfurization System Market Analysis

The global dry flue gas desulfurization system industry is expected to surpass USD 3.1 billion by 2032. Growing awareness among governments, industries, and the public regarding the environmental and health impacts of sulfur dioxide emissions. SO? is a major contributor to acid rain, respiratory problems, and other environmental issues. This heightened awareness is driving demand for effective pollution control measures, including dry FGD systems. Companies are increasingly adopting these systems, not only to comply with regulations but also to demonstrate their commitment to corporate social responsibility and environmental stewardship.

Based on application, the power plant application industry will grow at a CAGR of over 3.5% through 2032. Dry FGD systems have a smaller footprint and lower water consumption compared to wet FGD systems, making them suitable for facilities with space and water constraints. These technological improvements contribute to the growing adoption of dry FGD systems across various industries.
 

Asia Pacific dry flue gas desulfurization system market is projected to surpass USD 2 billion by 2032. Significant development and investment in new thermal power plants, coupled with a positive outlook for energy-intensive industries in rapidly growing nations like India and China, are fueling regional market growth. Additionally, the industry's growth is being further fueled by the rising trend of upgrading and retrofitting power plants, particularly to enhance efficiency by removing SO? from emissions before they're released into the atmosphere.
 

Driven by stringent EPA regulations on sulfur dioxide emissions and a transition to cleaner energy solutions, the U.S. dry flue gas desulfurization (FGD) market is witnessing notable expansion. Market growth is further fueled by substantial investments aimed at retrofitting older power plants, ensuring they not only comply with these standards but also enhance their efficiency.
 

Dry Flue Gas Desulfurization System Market Share

S.A. HAMON, Babcock & Wilcox Enterprises, Inc., CECO Environmental, General Electric, Mitsubishi Heavy Industries, Ltd., among others are few of the major market players in the dry flue gas desulfurization system industy. These companies primarily focus on organic growth strategies and engage in partnerships and collaborations with public energy firms to gain a competitive edge.
 

Dry Flue Gas Desulfurization System Market Companies

Major key players operating across the dry flue gas desulfurization system industry are:

• Babcock & Wilcox Enterprises, Inc.
• CECO Environmental
• Ducon Infratechnologies Ltd.
• GEA Group Aktiengesellschaft
• General Electric
• Hitachi Zosen Inova AG
• KC Cottrell India
• KCH Services, Inc.
• Marsulex Environmental Technologies
• Mitsubishi Heavy Industries, Ltd.
• Nederman Holding AB
• S.A. HAMON
• Thermax Limited.
• Tri-Mer Corporation
• Valmet
• Verantis Environmental Solutions Group
   

Dry Flue Gas Desulfurization System Industry News

• In October 2023, Megha Engineering & Infrastructures Limited, an India-based engineering, procurement, and construction (EPC) contractor, selected Valmet to design and supply Flue Gas Desulfurization (FGD) systems for four boilers at a petroleum refinery. This project aims to leverage Valmet's FGD technology to curb emissions of sulfur oxides (SOx) and particulate matter, thus aiding in the reduction of air pollutants in India.
   
• In December 2022, the European Union unveiled plans to invest over USD 13 billion in research and innovation for the years 2023–2024. Of this, upwards of USD 5 billion is earmarked specifically for climate action and digital transformation initiatives. Furthermore, an allocation exceeding USD 900 million is set to expedite the shift towards clean energy, with the goal of diminishing reliance on unpredictable fossil fuels.
   

This dry flue gas desulfurization system market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

Market, By Application

• Power Plants
• Chemical & Petrochemical
• Cement
• Metal Processing & Mining
• Manufacturing
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Aisa Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Chile
  • Argentina