Power Plant Emission Control Systems Market - By Systems (Electrostatic Precipitators, Catalytic Systems, Absorbers, Scrubbers), Growth Forecast 2024 – 2032

Power Plant Emission Control Systems Market Size

Power Plant Emission Control Systems Market size was valued at USD 15 billion in 2023 and will grow at rate of 5.9% from 2024 to 2032. The escalating demand for energy has led to a rise in pollutant emissions, significantly impacting climatic conditions across the globe. Heightened levels of pollutants stemming from power plants and industrial operations have become a paramount concern for policymakers internationally.
 

Additionally, the expansion of production manufacturing facilities and heightened investments in new industrial hubs have underscored the necessity for implementing stringent emission regulations.
 

Rising environmental risks, alongside stricter regulatory frameworks, have prompted businesses and industries to take action in reducing pollutant emissions such as SOX, NOx, CO, mercury, and particulate matter. As a result, there is a growing demand for emission control systems, including scrubbers, ESPs, FGD, and absorbers, among others, within manufacturing and industrial facilities. Furthermore, the effectiveness of these systems in efficiently reducing pollutants from waste streams is expected to significantly drive industry growth.
 

Power Plant Emission Control Systems Market Trends

The ongoing modernization of existing equipment, coupled with continuous industrialization in emerging economies, has propelled business growth. Government mandates aimed at reducing air pollution are driving the retrofitting and upgrading of existing systems to align with regulatory directives. For example, the implementation of the new Mercury and Air Toxics Standards (MATS) regulations by the EPA has led to increased upgrades of installed ESPs. Key factors such as aging power plants, performance degradation, rising maintenance costs, reduced reliability, and a stringent focus on emission compliance are expected to drive product penetration.
 

Power Plant Emission Control Systems Market Analysis

The global market is expected to surpass USD 25 billion by 2032. Increasing environmental concerns and the imperative to enhance emission control while minimizing resource consumption, power plants and key industry players are pioneering innovative solutions for particulate control and removal. For example, in August 2021, Finnish system provider Valmet introduced a wet flue gas desulfurization (FGD) system designed to not only eliminate sulfur emissions but also capture nitrogen oxides from industrial emissions. By integrating an FGD system with a selective catalytic NOx reduction system, the company has devised an economically viable and sustainable approach to reducing emissions, particularly in power generation, metal, and mining applications.
 

Based on systems, the power plant emission control systems market is segmented into electrostatic precipitators, catalytic systems, absorbers, scrubbers. The scrubbers systems for power plants is anticipated to grow at a rate of over 6% by 2032. The global shift towards renewable energy sources coupled with rising awareness of environment impact is fuelling the industry scenario. While renewable energy technologies produce fewer emissions compared to conventional fossil fuel-based power generation, industrial emission control systems are still required for backup power plants and facilities utilizing biomass or natural gas.
 

Asia Pacific power plant emission control systems market is projected to grow over USD 14.2 billion by 2032. Continued investments in new industrial infrastructure, coupled with government initiatives aimed at enhancing energy efficiency, are poised to accelerate the deployment of emission control products in developing economies such as China, India, and Bangladesh. The prevalence of major emerging economies in the region has propelled the energy demands, thereby presenting lucrative opportunities for the deployment of various industrial emission control systems.
 

The U.S. power plant emission control industry is characterized by a combination of regulatory compliance, technological advancements, market consolidation, and a transition towards cleaner energy sources. These trends are shaping the future of emission control in the power generation sector and driving investment in innovative technologies & solutions across North America industrial emission control systems industry.
 

Power Plant Emission Control Systems Market Share

Babcock & Wilcox Enterprises, Inc., DÜRR Group, FLSmidth Cement A/S, General Electric, MITSUBISHI HEAVY INDUSTRIES, LTD., S.A. Hamon are few of the dominating market players in the power plant emission control systems industry. Enhancements, advancements, and upgrades in present treatment technologies are expected to enhance profitability and enable a larger market share over the years.
 

Power Plant Emission Control Systems Market Companies

Some of the key market players operating across the power plant emission control systems industry are:

• APC Technologies, Inc.
• Babcock & Wilcox Enterprises, Inc.
• BASF SE
• CECO ENVIRONMENTAL
• DÜRR Group
• FLSmidth Cement A/S
• Fuel Tech Inc.
• Fujian Longking Co., Ltd.
• GEA Group Aktiengesellschaft
• General Electric
• KC Cottrell India
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Monroe Environmental Corp.
• S.A. Hamon
• TAPC
• Thermax Limited
• Zhejiang Feida Environmental Protection Technology Co., Ltd.
   

Power Plant Emission Control Systems Industry News

• In May 2024, the U.S. Environmental Protection Agency (EPA) recently completed four distinct regulations, collectively known as the Power Plant Rules, which establish fresh standards for emissions from power plants across the nation. These regulations constitute a comprehensive framework aimed at addressing four specific areas of potential pollution, with the objective of curbing emissions stemming from both natural gas and coal energy generation, as well as associated sources.
   
• In January 2023, Thermax Limited secured a contract valued at USD 30.8 million to revamp and upgrade electrostatic precipitators (ESPs) at a 3x210 MW thermal power station in Bankura, West Bengal, India. These enhancements aim to mitigate particulate emissions and ensure compliance with the prescribed air quality standards for power plants.
   

Power Plant Emission Control Systems 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:

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Market, By Systems, 2021 to 2032, (USD Billion)

• Electrostatic Precipitators
• Catalytic Systems
• Absorbers
• Scrubbers
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Aisa Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina