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Dry Flue Gas Desulfurization System Market Trends

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

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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.

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.