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North America Flue Gas Desulfurization System Market Trends

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

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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.

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.