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North America Flue Gas Desulfurization System Market Size

Report ID: GMI11773
Published Date: Oct 2024
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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
North America Flue Gas Desulfurization System Market Size in 2023:	USD 3 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.6%
2032 Value Projection:	USD 4.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	90
Tables, Charts & Figures:	12
Segments covered:	Application, Technology, & Country
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 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.