PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544621
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544621
Wet Flue Gas Desulfurization System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Wet flue gas desulfurization system market size is predicted to witness a 6.8% CAGR from 2024 to 2032 driven by stringent environmental regulations aimed at reducing sulfur dioxide (SO2) emissions from industrial processes and power generation. As governments worldwide tighten air quality standards to address pollution and climate change, industries are compelled to adopt advanced technologies to meet these emission limits. The push for better air quality and adherence to regulations fuels the demand for wet flue gas desulfurization (FGD) systems in sectors like power generation, steel manufacturing, and cement production.
Companies are channeling investments into technologies that not only curb emissions but also boost operational efficiency. Wet FGD systems play a pivotal role by facilitating the recovery of valuable by-products, like gypsum, which finds reuse in construction materials. Moreover, technological strides, including enhanced scrubbing efficiency and diminished maintenance needs, will further bolster product adoption.
The overall industry is segmented into application, and region.
Based on application, the wet flue gas desulfurization system market from the chemical and petrochemical segment is set to witness a notable CAGR during 2024-2032. This surge is attributed to the high SO2 emissions associated with these sectors. To align with stringent environmental regulations and lessen their ecological footprint, chemical and petrochemical plants turn to wet FGD systems. These systems also excel in SO2 removal from exhaust gases and adeptly manage large flue gas volumes, adding to the segment growth.
Europe wet flue gas desulfurization system industry is anticipated to grow at a notable CAGR through 2032 attributed to rigorous environmental regulations and commitment to reducing SO2 emissions to combat air pollution and climate change. Europe is home to some stringent emission standards globally, driven by directives, such as the Industrial Emissions Directive (IED) and the European Union Green Deal, which mandate significant reductions in SO2 emissions from industrial sources.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data Collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculations
- 1.2.2 Key trends for market estimation
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Wet Flue Gas Desulfurization System Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive landscape, 2023
- 4.1 Introduction
- 4.2 Strategic dashboard
- 4.3 Innovation and sustainability landscape
Chapter 5 Market Size and Forecast, By Application, 2021 - 2032 (USD Billion)
- 5.1 Key trends
- 5.2 Power Plants
- 5.3 Chemical and Petrochemical
- 5.4 Cement
- 5.5 Metal Processing and Mining
- 5.6 Manufacturing
- 5.7 Others
Chapter 6 Market Size and Forecast, By Region, 2021 - 2032 (USD Billion)
- 6.1 Key trends
- 6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
- 6.2.3 Mexico
- 6.3 Europe
- 6.3.1 Germany
- 6.3.2 UK
- 6.3.3 France
- 6.3.4 Spain
- 6.3.5 Italy
- 6.3.6 Netherlands
- 6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 India
- 6.4.3 Japan
- 6.4.4 South Korea
- 6.4.5 Indonesia
- 6.4.6 Australia
- 6.4.7 Vietnam
- 6.5 Middle East and Africa
- 6.5.1 Saudi Arabia
- 6.5.2 UAE
- 6.5.3 South Africa
- 6.6 Latin America
- 6.6.1 Brazil
- 6.6.2 Chile
- 6.6.3 Argentina
Chapter 7 Company Profiles
- 7.1 Babcock and Wilcox Enterprises, Inc.
- 7.2 CECO Environmental
- 7.3 Ducon Infratechnologies Ltd.
- 7.4 GEA Group Aktiengesellschaft
- 7.5 General Electric
- 7.6 Hitachi Zosen Inova AG
- 7.7 KC Cottrell India
- 7.8 KCH Services, Inc.
- 7.9 Marsulex Environmental Technologies
- 7.10 Mitsubishi Heavy Industries, Ltd.
- 7.11 Nederman Holding AB
- 7.12 S.A. HAMON
- 7.13 Thermax Limited.
- 7.14 Tri-Mer Corporation
- 7.15 Valmet
- 7.16 Verantis Environmental Solutions Group
