The Flue Gas Desulfurization System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Flue Gas Desulfurization System Market:
According to The Business Research Company’s Flue Gas Desulfurization System Global Market Report 2024, The flue gas desulfurization system market size has grown strongly in recent years. It will grow from $19.59 billion in 2023 to $20.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to stringent environmental regulations, rising global focus on air quality, increased coal-fired power generation, public awareness and environmental activism, expansion of industrial manufacturing..
The flue gas desulfurization system market size is expected to see strong growth in the next few years. It will grow to $26.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to transition to renewable energy, market expansion for fgd by-products, government support for clean energy, increasing use of natural gas, focus on circular economy practices.. Major trends in the forecast period include integration of digital technologies, shift towards dry fgd technologies, byproduct utilization, collaborations and partnerships, technological advancements in fgd systems..
The increasing number of coal-fired power plants is expected to propel the flue gas desulfurization system market. Coal-fired power plants refer to power stations that generate electricity by burning coal. The increasing number of coal-fired power plants requires flue gas desulfurization systems to reduce the emission of harmful gases. For instance, in August 2022, according to the U.S. Energy Information Administration, a US-based principal agency for collecting, analyzing, and disseminating energy information, published an article according to which in the US the coal-fired generation of power has increased by 16% to reach 898,679 GWh in 2021 . Therefore, the increasing number of coal-fired power plants is driving the growth of the flue gas desulfurization system market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8889&type=smp
The flue gas desulfurization system market covered in this report is segmented –
1) By Type: Wet FGD Systems, Spray Dry FGD System, Dry and Semi-dry FGD Systems
2) By Installation: Greenfield, Brownfield
3) By End-Use: Power Generation, Chemical, Iron and Steel, Metal Processing and Mining, Cement Manufacturing, Paper and Pulp, Other End Uses
Collaboration is a key trend in the flue gas desulfurization system market. Major players are associating themselves with various companies to sustain in the market. For instance, in January 2022, General Electric (GE), a US-based conglomerate, associated with Apollo International Limited for MB Power Madhya Pradesh Ltd to design the whole Wet Flue Gas Desulfurization (WFGD) system. The project entails the design, engineering, and supply of vital WFGD system components. Once completed, it will help the client clean 7.4 million cubic meters of flue gas per hour and eliminate 51,000 tons of SO2 annually.
The flue gas desulfurization system market report table of contents includes:
.
.
.
Top 5 Major Key Players Are:
Related Reports:
https://topprnews.com/cold-chain-monitoring-market-size/
https://topprnews.com/cold-pain-therapy-market-size/
https://topprnews.com/combined-heat-and-power-market/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Hearing diagnostic devices and equipment are used for testing and evaluating hearing…
Overview and Scope Hearing aids are devices and equipment that are designed and developed to…
Overview and Scope An electric vehicle charging station refers to equipment that connects an electric…
Overview and Scope Flavoring syrups and concentrates are liquids that are made by dissolving sugar…
Overview and Scope Electric vehicle batteries are defined as batteries that are used to power…
Overview and Scope Healthcare e-commerce refers to the sale and purchase of healthcare goods and…