What Fueled The Previous Growth In The Wet Flue Gas Desulfurization System Market?
The wet flue gas desulfurization system market has seen considerable growth due to a variety of factors.
• The wet flue gas desulfurization system market has grown steadily in recent years. It is set to increase from $17.47 billion in 2024 to $18.67 billion in 2025, at a CAGR of 6.9%.
Key drivers include stricter environmental regulations, the growth in coal-fired power plants, government subsidies for pollution control, the high sulfur content in coal, and growing health concerns.
How Does the Forecast Look for the Wet Flue Gas Desulfurization System Market?
The wet flue gas desulfurization system market is expected to maintain its strong growth trajectory in upcoming years.
• The wet flue gas desulfurization system market is expected to grow steadily, reaching $24.12 billion by 2029 with a CAGR of 6.6%.
Growth is driven by the transition to renewable energy sources, increasing installation and maintenance costs, regulatory relaxations in certain regions, greater natural gas use, and a demand for more compact and efficient systems. Key trends include integration with carbon capture systems, energy-efficient solutions, hybrid systems, innovations in sorbent materials, and digital monitoring adoption.
What Are The Leading Drivers Of Growth In The Wet Flue Gas Desulfurization System Market?
The wet flue gas desulfurization system market is expected to grow owing to an increase in the demand for cleaner energy solutions. Several elements contribute to this rise, including enhanced environmental regulations, the development of renewable energy technologies, the ascending consumer demand for sustainable measures, and the requirement to curb the emissions of greenhouse gases. These systems add value to cleaner energy solutions by effectively eliminating sulfur dioxide from emissions, which leads to diminished air pollution and aids in adhering to environmental regulations. For instance, the International Energy Agency (IEA), an independent intergovernmental organization based in France, reported in July 2023 that power generation from solar photovoltaic systems reached an all-time high of 270 TWh in 2022, signifying a 26% rise from 2021. Hence, the increasing demand for cleaner energy solutions is fueling the expansion of the wet flue gas desulfurization system market.
How Are The Segments Defined Within The Global Wet Flue Gas Desulfurization System Market?
The wet flue gas desulfurization system market covered in this report is segmented –
1) By Type: Spray Tower, Jet Bubbling, Tray Tower
2) By Installation: Greenfield, Brownfield
3) By Application: Power Plants, Chemical And Petrochemical, Cement, Metal Processing And Mining, Manufacturing, Other Applications
Subsegments:
1) By Spray Tower: Single-Stage Spray Tower, Multi-Stage Spray Tower
2) By Jet Bubbling: Venturi Jet Bubbling, Non-Venturi Jet Bubbling
3) By Tray Tower: Counter-Flow Tray Tower, Co-Current Tray Tower
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Which Emerging Market Trends Are Altering The Wet Flue Gas Desulfurization System Industry?
Key players in the wet flue gas desulfurization system market are strategically partnering to bolster technology assimilation and broaden their market presence. A strategic partnership generally signifies a cooperative alliance between two or more entities, pooling resources, know-how, and stamina to attain mutual aims. For example, in January 2023, Babcock & Wilcox (B&W), a U.S.-based company offering energy technology services widened its environment-friendly solution offerings via a strategic alliance with Hamon Research-Cottrell from India, which specializes in air pollution control techniques. This alliance strengthened B&W's flue gas desulfurization (FGD) prowess and capacity to furnish more comprehensive solutions to reduce sulfur dioxide and other emissions. Utilizing Hamon Research-Cottrell's proficiency and technology—including wet and dry electrostatic precipitators, fabric filters, and a variety of scrubbers—B&W improved its competency to facilitate greener energy manufacture across sectors requiring advanced emission control answers.
Who Are the Key Players In The Wet Flue Gas Desulfurization System Market?
Major companies operating in the wet flue gas desulfurization system market are:
• General Electric Company
• Alstom S.A.
• AECOM
• Kawasaki Heavy Industries Ltd.
• Burns & McDonnell
• Andritz Group
• Valmet Corporation
• FLSmidth And Co.
• Chiyoda Corporation
• Mitsubishi Hitachi Power Systems Ltd
• Thermax Ltd.
• Babcock & Wilcox Enterprises Inc.
• KC Cottrell
• Hamon Group
• Rafako S.A.
• Ducon Technologies Inc.
• Doosan Lentjes GmbH
• Steinmuller Engineering GmbH
• Marsulex Environmental Technologies
• BAOLAN EP INC.
• Rudis Trbovlje
• Macrotek Inc.
What Is The Most Dominant Region In The Wet Flue Gas Desulfurization System Market?
Asia-Pacific was the largest region in the wet flue gas desulfurization system market in 2024. The regions covered in the wet flue gas desulfurization system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
