Overview and Scope
Flue gas treatment systems refer to the equipment, which consists of a bag filter, a dry reactor, and a multi-cyclone that collects any remaining pollutants and makes sure that emissions meet strict emission regulations. Flue gas treatment systems are used to purify the gas generated by energy from waste before it is released into the environment.
Sizing and Forecast
The flue gas treatment systems market size has grown strongly in recent years. It will grow from $68.01 billion in 2023 to $72.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to stringent emission regulations, growing environmental awareness, coal combustion challenges, health concerns, rise in gas-fired power plants, acid rain mitigation, global industrialization trends.
The flue gas treatment systems market size is expected to see strong growth in the next few years. It will grow to $89.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to waste-to-energy plants, carbon capture and storage (ccs), increasing natural gas usage, focus on particulate matter control, renewable energy integration.. Major trends in the forecast period include adoption of air quality control technologies, technological advancements, focus on circular economy, increase in scrubber installations, digitalization and remote monitoring, global expansion of fgd systems, integration of green solutions..
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Segmentation & Regional Insights
The flue gas treatment systems market covered in this report is segmented –
1) By Pollutant Control System: Particulate Control, Flue Gas Desulfurization, DeNOx, Mercury Control, Other Pollutant Control System (Volatile Organic Compounds, Dioxins, and Furans)
2) By Business Type: System, Service, Other Business Type
3) By End-use Industry: Power, Cement, Iron & Steel, Non-Ferrous Metal, Chemical & Petrochemical, Other End-use Industry (Glass, Pharmaceuticals, And Pulp & Paper)
Asia-Pacific was the largest region in the flue gas treatment systems market in 2023. The regions covered in the flue gas treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased construction and reconstruction activities are expected to propel the flue gas treatment systems market growth going forward. The construction and reconstruction activities involve clearing land, grading, digging, filling, and any other work related to the building, assembling, altering, installing, or equipping of structures, roadways, or their ancillaries. A flue gas treatment system is helpful in construction activities by removing cement that emits about one tonne of carbon dioxide into the environment. For instance, in 2022, according to a report published by the United States Census Bureau, a US-based government agency, total construction spending in June 2022 is estimated at $1,762.3 billion, up 1.5% from $1,628.0 billion in June 2021. Further, in 2022, construction spending was $848.2 billion in the first six months 2022, up 10.7% from $766.0 billion for the same period in 2021. Therefore, the increased construction and reconstruction activities are driving the growth of the flue gas treatment systems market.
Key Industry Players
Major companies operating in the flue gas treatment systems market report are AMEC Foster Wheeler plc, Babcock & Wilcox Enterprises Inc., Clyde Bergemann Power Group, FLSmidth & Company A/S, General Electric Company, Mitsubishi Hitachi Power Systems Limited, Thermax Limited, Babcock & Wilcox Construction Co. LLC, Siemens AG, Agilis Technology Ltd., Classifier Milling Systems Corporation, John Wood Group plc, KSB SE & Co KGaA, Howden Group Limited, Sodimate Inc., B&W MEGTEC LLC, BASF SE, Bilfinger SE, Bionomic Industries Inc., CECO Environmental Corp., Dürr AG, Electricite de France SA, Envirotherm GmbH, Fisia Babcock Environment GMBH, Fluor Corporation, Hitachi Zosen Corp., Neumann Systems Group Inc., Rheinisch-Westfälisches Elektrizitätswerk AG, Steag SCR-Tech Inc., Suez SA, Sulzer Chemtech Ltd., Tractebel Engineering SA, Veolia SA
The flue gas treatment systems market report table of contents includes:
1. Executive Summary
2. Flue Gas Treatment Systems Market Characteristics
3. Flue Gas Treatment Systems Market Trends And Strategies
4. Flue Gas Treatment Systems Market – Macro Economic Scenario
5. Global Flue Gas Treatment Systems Market Size and Growth
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26. South America Flue Gas Treatment Systems Market
27. Brazil Flue Gas Treatment Systems Market
28. Middle East Flue Gas Treatment Systems Market
29. Africa Flue Gas Treatment Systems Market
30. Flue Gas Treatment Systems Market Competitive Landscape And Company Profiles
Top Major Players:
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