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North America Flue Gas Desulfurization System Market Analysis

  • Report ID: GMI11773
  • Published Date: Oct 2024
  • Report Format: PDF

North America Flue Gas Desulfurization System Market Analysis

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.
 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The North America market for flue gas desulfurization system was reached USD 3 billion in 2023 and is projected to grow at a CAGR of 5.6% from 2024 to 2032, driven by stringent environmental regulations and a shift towards cleaner energy sources.

The wet flue gas desulfurization system market is projected to surpass USD 4 billion by 2032, propelled by population growth, rapid industrialization in emerging economies, and the rising adoption of air pollution control measures across industries.

The power plant application segment is anticipated to grow at a CAGR of over 4% through 2032, led by stringent regulations aimed at reducing sulfur dioxide (SO?) emissions and a rising demand for cleaner energy solutions.

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.

Major key players in the industry include Andritz, Babcock & Wilcox, CECO Environmental, Ducon Infratechnologies, FLSmidth, GEA Group, General Electric, Hitachi Zosen Inova, KC Cottrell, Mitsubishi Heavy Industries, Thermax, and Valmet.

North America Flue Gas Desulfurization System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 12
  • Countries covered: 3
  • Pages: 90
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