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Power Plant Emission Control Systems Market Trends

Report ID: GMI9655
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Power plant emission control systems market was valued at USD 15 billion in 2023 and will grow at 5.9% CAGR from 2024 to 2032, owing to the increasing modernization and retrofitting activities.

The scrubbers systems segment in the market is anticipated to witness over 6% CAGR between 2024- 2032, driven by the shift towards renewable energy sources coupled with rising awareness of environment impact.

Asia Pacific power plant emission control systems market will generate over USD 14.2 billion by 2032, attributed to continued investments in new industrial infrastructure, coupled with government initiatives.

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, and MITSUBISHI HEAVY INDUSTRIES, LTD. among others.