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Dry Flue Gas Desulfurization System Market Analysis

  • Report ID: GMI10725
  • Published Date: Aug 2024
  • Report Format: PDF

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.

 

Dry Flue Gas Desulfurization System Market Revenue Share, By Application, 2023

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 Size, 2022 - 2032, (USD Billion)

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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of dry flue gas desulfurization system was worth over USD 2.3 billion in 2023 and is expected to register 4.6% CAGR from 2024 to 2032, owing to the governments worldwide imposing strict limits on sulfur dioxide (SO?) emissions from industrial and power generation facilities to combat air pollution.

Dry flue gas desulfurization system industry from the power plant segment is estimated to register over 3.5% CAGR from 2024 to 2032, due to having a smaller footprint and lower water consumption compared to wet FGD systems, making them suitable for facilities with space and water constraints.

Asia Pacific dry flue gas desulfurization system industry expected to reach over USD 2 billion by 2032, due to significant development and investment in new thermal power plants, coupled with a positive outlook for energy-intensive industries in the region.

Marsulex Environmental Technologies, Mitsubishi Heavy Industries, Ltd., Nederman Holding AB, S.A. HAMON, Thermax Limited., Tri-Mer Corporation, Valmet, and Verantis Environmental Solutions Group, are some of the major dry flue gas desulfurization system companies worldwide.

Dry Flue Gas Desulfurization System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 12
  • Countries covered: 22
  • Pages: 90
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