North America Flue Gas Desulfurization System Market Size - By Application, By Technology, Analysis, Share, Growth Forecast, 2024 – 2032

Report ID: GMI11773
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Published Date: October 2024
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Report Format: PDF

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North America Flue Gas Desulfurization System Market Size

North America Flue Gas Desulfurization System Market was valued at USD 3 billion in 2023 and set grow at a CAGR of 5.6% from 2024 to 2032. Stringent environment regulations along with shifting trends towards transition to cleaner energy source are increasing the demand of flue gas desulfurization system across the region. Increasing regulatory requirements by agencies such as the Environmental Protection Agency (EPA) to reduce sulfur dioxide (SO2) emissions are driving the adoption of FGD systems. These systems help industries, especially in coal-fired power plants, comply with air quality standards.
 

North America Flue Gas Desulfurization System Market

As industries increasingly transition to low-sulfur fuels and cleaner energy alternatives, Flue Gas Desulfurization (FGD) systems play a pivotal role in managing residual sulfur dioxide emissions. The ongoing global energy transition often involves hybrid solutions, where FGD systems can support industries in bridging the gap between conventional energy sources and renewables, ensuring compliance during this transitional period. The need to address air quality concerns, while maintaining energy reliability, positions FGD technology as an essential tool for sustainable industrial growth.
 

North America Flue Gas Desulfurization System Market Trends

Industrialization & power demand coupled with increasing retrofit opportunities in existing power plants are further complementing the market scenario. Growing industrialization in North America combined with increasing power generation requirements is leading to a higher demand for FGD systems in large power plants and industrial facilities. In addition, the need to upgrade older power plants to meet modern emission standards presents substantial opportunities for retrofitting FGD systems, contributing to market expansion. Furthermore, continuous innovations in FGD technology, improving efficiency and reducing operational costs are encouraging more industries to adopt these systems, thereby stimulating market growth.
 

North America Flue Gas Desulfurization System Market Analysis

North America Flue Gas Desulfurization System Market Size, By Technology, 2022 – 2032, (USD Billion)

Based on technology, the wet flue gas desulfurization system market will exceed USD 4 billion by 2032. The increasing population and rapid industrialization in emerging economies coupled with the growing implementation of air pollution control measures across various industries have led to increased manufacturing activities. Furthermore, ongoing improvements in wet FGD technology are enhancing the efficiency and effectiveness of sulfur removal processes. Innovations in sorbent materials and system designs are reducing operational costs and improving reliability, making these systems more attractive to regional industries and supporting market growth.
 

North America Flue Gas Desulfurization System Market Revenue Share, By Application, 2023

Based on application, the power plant application will grow at a CAGR of over 4% through 2032. Stringent environmental regulations aimed at reducing sulfur dioxide (SO2) emissions coupled with increasing demand for cleaner energy solutions are driving growth in the flue gas desulfurization (FGD) industry. The growing energy needs in the region fueled by population growth and urbanization are accelerating the adoption of cleaner technologies. These systems are crucial in reducing SO2 emissions from coal-fired power plants, making them essential for meeting rising energy demands sustainably.
 

U.S. Flue Gas Desulfurization System Market Size, 2022 - 2032, (USD Billion)

The U.S. flue gas desulfurization market is projected to exceed USD 3 billion by 2032, driven by stringent environmental regulations aimed at reducing sulfur emissions from industrial sectors. The increasing focus on curbing air pollution and achieving cleaner energy production is boosting the adoption of FGD systems in coal-fired power plants and other industries. Additionally, advancements in FGD technology including more efficient and cost-effective solutions are further supporting market growth. Government initiatives to transition to cleaner energy along with rising awareness of health risks associated with sulfur dioxide emissions, are also key factors contributing to the market’s expansion.
 

North America Flue Gas Desulfurization System Market Share

North America Flue Gas Desulfurization System Company Market Share Analysis, 2023

General Electric, GEA Group, Mitsubishi Heavy Industries, Ltd., Thermax, and Hitachi Zosen are prominent players in the North America flue gas desulfurization system industry. These companies focus on organic growth strategies and seek partnerships and collaborations with public energy firms to strengthen their market position.
 

North America Flue Gas Desulfurization System Market Companies

Some of the key market players operating across the industry are:

  • Andritz
  • Babcock & Wilcox
  • CECO Environmental
  • Ducon Infratechnologies
  • FLSmidth
  • GEA Group
  • General Electric
  • Hitachi Zosen Inova
  • KC Cottrell
  • Mitsubishi Heavy Industries
  • Thermax
  • Valmet
     

North America Flue Gas Desulfurization System Industry News

  • In February 2024, NTPC Limited, an Indian power company, announced the installation of a flue gas desulfurization (FGD) system at its Simhadri super thermal power plant. This initiative aims to enhance environmental stewardship and reduce sulfur emissions. The system is scheduled to be operational by the end of 2024. This development may encourage other power plants and manufacturing industries to adopt FGD systems for emission mitigation, potentially driving market growth in the future.
     
  • In March 2024, the Japanese government invested over USD 0.6 million to enhance energy efficiency and support low-carbon initiatives. This program aims to reduce greenhouse gas emissions and promote energy transitions through various practical approaches. The initiative is expected to positively impact market growth in the long term.
     

This North America 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 Technology

  • Wet
  • Dry

Market, By Application

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

The above information has been provided for the following countries:

  • U.S.
  • Canada
  • Mexico

 

Authors: Ankit Gupta, Shashank Sisodia
Frequently Asked Question(FAQ) :
What trends are influencing the U.S. flue gas desulfurization industry?
The U.S. flue gas desulfurization market is projected to exceed USD 3 billion by 2032, attributed to stringent environmental regulations targeting sulfur emissions from industrial sectors.
Which companies define the competitive landscape of flue gas desulfurization system market?
How does the power plant application bolster the demand for flue gas desulfurization?
What factors are contributing to the growth of the wet flue gas desulfurization system market?
How big is the North America flue gas desulfurization system market?
North America Flue Gas Desulfurization System Market Scope
  • North America Flue Gas Desulfurization System Market Size
  • North America Flue Gas Desulfurization System Market Trends
  • North America Flue Gas Desulfurization System Market Analysis
  • North America Flue Gas Desulfurization System Market Share
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    Base Year: 2023

    Companies covered: 21

    Tables & Figures: 12

    Countries covered: 3

    Pages: 90

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