Flue Gas Desulfurization Systems Market worth over $35.5 Bn by 2032

Flue Gas Desulfurization Systems Market size is set to surpass USD 35.5 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The report identifies growing electricity demand as the chief driver of the industry trends. The upsurge in retrofitting and installation of new pollution control systems in coal-fired power plants as well as a spike in the construction of confined power plants across heavy industries in line with a steady increase in electricity demand is fueling industry revenue growth. Recently, in September 2022, the Government of India extended the deadline by two years until December 2025 for thermal power plants to install pollution control systems according to the SO2 norms launched in 2015.
 

Low capital and water consumption to increase dry FGD system segment share

Dry flue gas desulfurization systems market is poised to amass substantial gains during the forecast period owing to its easy installation and minimal capital cost as opposed to its counterpart. Moreover, dry cooling FGD systems aid in water-scarce regions for electricity generation. In November 2021, the Ministry of Environment, Forest, and Climate Change installed dry and semi-dry FGD processes in regions with a dearth of water as it consumes 60% less water compared to the wet processing system.
 

Increasing energy generation from coal to amplify product usage in power plants

In terms of application, the power plants segment accounted for over 67% of the flue gas desulfurization systems market share in 2022. The exponential rise in energy consumption and increased retrofitting operations in power-generating plants for emission control systems are driving product adoption.
 

Browse key industry insights spread across 200 pages with 312 market data tables & 23 figures & charts from the report, “Flue Gas Desulfurization System Market Size By Technology (Wet, Dry), By Application (Power Plants, Chemical & Petrochemical, Cement, Metal Processing & Mining, Manufacturing, Others), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023– 2032”, in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/flue-gas-desulfurization-systems-market
 

Supportive government investments for clean energy plants across North America

North America flue gas desulfurization systems market is projected to depict nearly 5% CAGR between 2023 and 2032. Soaring investment in the cement & power plant industries, along with increased awareness of the implementation of emission control technologies, is foreseen to complement the regional business outlook.
 

Massive supply dealerships to remain a key tactic for business expansion

The industry is speculated to observe a range of deployment partnership deals and acquisitions by companies. Mitsubishi Power, a power division of Mitsubishi Heavy Industries, received a deployment contract for two sets of flue gas desulfurization (FGD) systems in October 2022. The installation contract for Nikola Tesla B thermal power plant for 760 MW-capacity FGD systems was expected to reduce particulates & sulfur dioxide emissions from the plant, supporting the European Union Environmental goals. Some key players profiled in the flue gas desulfurization systems market report include General Electric, Verantis Environmental Solutions Group, Tri-Mer Corporation, and Nederman Holding AB, among others.