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Increasing environmental risks, combined with the enforcement of stricter regulatory frameworks, have driven businesses and industries to reduce emissions of pollutants such as SOX, NOx, CO, mercury, and particulate matter. This shift has significantly amplified the demand for emission control technologies, including Flue Gas Desulfurization (FGD) systems and SOx scrubbers, across manufacturing and industrial facilities. Furthermore, the exceptional efficiency of these systems in minimizing pollutants from waste streams is expected to substantially propel industry growth.
The global flue gas desulfurization system industry was valued at USD 21.4 billion in 2024 and is estimated to grow at a 6.3% CAGR from 2025 to 2034, driven by the rising demand for energy and subsequent increase in pollutant emissions.
The U.S. flue gas desulfurization system market is set to reach over USD 3 billion by 2034, bolstered by government-funded projects and increasing investments in emission control and reduction initiatives.
Key players in the industry include Alstom, Andritz, Babcock & Wilcox, Beijing SPC Environment Protection Tech, Chiyoda, Doosan Enerbility, Ducon Infratechnologies, FLSmidth, General Electric, Hamon, Ljungstrom, Longking Environmental Protection, and Marsulex Environmental Technologies.
The wet segment is projected to exceed USD 35 billion by 2034 due to stringent regulations on particulate matter emissions and the need for effective management of wastewater and air pollutants in energy-intensive industries.