Wet Flue Gas Desulfurization System Market Size - By Application (Power Plants, Chemical & Petrochemical, Cement, Metal Processing & Mining, Manufacturing), Regional Outlook & Growth Forecast, 2024 – 2032

Wet Flue Gas Desulfurization System Market Size

Wet Flue Gas Desulfurization System Market was valued at USD 18.4 billion in 2023 and will grow at CAGR of 6.8% from 2024 to 2032. Increasing concerns about worker health in the manufacturing industry, coupled with the growing need to comply with environmental regulations that limit sulfur dioxide (SO?) emissions, are driving significant changes in industry practices. These concerns are pushing manufacturers to adopt cleaner technologies and more stringent safety measures to protect both employees and the environment?.
 

Many countries have implemented regulations requiring power plants and other sources to reduce their sulfur dioxide (SO?) emissions. Failure to comply with these regulations can result in fines and other penalties. Additionally, rising global warming and increasing concerns about maintaining ambient air quality standards have prompted global agencies to mandate specific air quality levels. This has led to the deployment of flue gas desulfurization (FGD) systems or scrubbers, along with other industrial emission control systems, to efficiently manage and dispose of SO??.
 

Wet Flue Gas Desulfurization System Market Trends

The continuous and exponential increase in harmful gas emissions is causing serious health issues, including respiratory system inflammation, breathing problems, and skin irritation, which is driving the growth of flue gas desulfurization (FGD) systems. Various industries and government bodies are strictly adhering to regulations aimed at addressing health issues caused by SO? emissions.
 

Wet Flue Gas Desulfurization System Market Analysis

The global wet flue gas desulfurization system industry is expected to surpass USD 32 billion by 2032. The growing population and rapid industrialization in emerging nations have led to an increased demand for manufacturing operations, thereby promoting the use of flue gas desulfurization (FGD) systems, and thus driving the industry growth. As per the U.S. Department of Defense, manufacturing contributes to 35% of American productivity growth, 60% of all exports, and 70% of total R&D investments in the country. This significant contribution of the manufacturing sector is expected to further propel the market growth.
 

Based on application, the power plant application industry will grow at a CAGR of over 5.5%  through 2032. Stringent environmental regulations aimed at reducing sulfur dioxide (SO?) emissions and the rising demand for cleaner energy solutions is driving the application industry grwoth. Wet FGD systems are preferred due to their high efficiency in removing SO? from flue gases. Additionally, advancements in technology and increasing investments in sustainable power generation are further propelling the market growth.
 

Asia Pacific wet flue gas desulfurization system market is projected to surpass USD 22 billion by 2032. Prominent development and investment in new thermal power plants, along with a favorable outlook toward energy-intensive industries in rapidly growing nations such as India and China, are driving regional market growth. The rising trend of upgrading and retrofitting power plants to improve their efficiency by removing SO? from emissions before release into the atmosphere is further boosting industry growth.
 

The U.S. wet flue gas desulfurization market is expanding due to stringent EPA regulations on sulfur dioxide emissions and a shift towards cleaner energy solutions. Significant investments in retrofitting older power plants to meet these standards are driving market growth, ensuring compliance and improving plant efficiency.
 

Wet Flue Gas Desulfurization System Market Share

S.A. HAMON, Babcock & Wilcox Enterprises, Inc., CECO Environmental, General Electric, Mitsubishi Heavy Industries, Ltd., among others are few of the major market players in the wet flue gas desulfurization system. These companies primarily focus on organic growth strategies and engage in partnerships and collaborations with public energy firms to gain a competitive edge.
 

Wet Flue Gas Desulfurization System Market Companies

Major key players operating across the wet flue gas desulfurization system industry are:

• Babcock & Wilcox Enterprises, Inc.
• CECO Environmental
• Ducon Infratechnologies Ltd.
• GEA Group Aktiengesellschaft
• General Electric
• Hitachi Zosen Inova AG
• KC Cottrell India
• KCH Services, Inc.
• Marsulex Environmental Technologies
• Mitsubishi Heavy Industries, Ltd.
• Nederman Holding AB
• S.A. HAMON
• Thermax Limited.
• Tri-Mer Corporation
• Valmet
• Verantis Environmental Solutions Group
   

Wet Flue Gas Desulfurization System Industry News

• In October 2023, Valmet has been chosen by Megha Engineering & Infrastructures Limited, an India-based engineering, procurement, and construction (EPC) contractor, to provide the design and supply of Flue Gas Desulfurization (FGD) systems for four boilers at a petroleum refinery. The objective of this project is to utilize Valmet's FGD technology to mitigate emissions of sulfur oxides (SOx) and particulate matter, thereby contributing to the reduction of air pollutants in India. Furthermore, the implementation of Valmet's solution will assist in meeting the stringent emission regulations set forth by the Ministry of Environment, Forest, and Climate Change of India.
   
• In December 2022, the European Union announced an investment of over USD 13 billion in research and innovation for 2023–2024. This includes more than USD 5 billion dedicated to climate action and digital transformation. Additionally, over USD 900 million will be allocated to accelerate the transition to clean energy, aiming to reduce dependence on volatile fossil fuels.
   

This wet flue gas desulfurization system 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 Application

• Power Plants
• Chemical & Petrochemical
• Cement
• Metal Processing & Mining
• Manufacturing
• 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
  • Netherlands
• Aisa Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Chile
  • Argentina