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Dry Flue Gas Desulfurization System Market Size

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

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Dry Flue Gas Desulfurization System Market Size in 2023:	USD 2.3 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.6%
2032 Value Projection:	USD 3.4 Billion
Historical Data for:	2021 to 2023
No. of Pages:	90
Tables, Charts & Figures:	12
Segments covered:	Application & Region
Growth Drivers:	Rising activities towards retrofitting of existing power plants Increasing awareness of environmental impact
Pitfalls & Challenges:	High upfront investment costs

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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.