Wet Flue Gas Desulfurization System Market Report 2024

This Wet Flue Gas Desulfurization System market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The wet flue gas desulfurization system market size has grown strongly in recent years. It will grow from $16.38 billion in 2023 to $17.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to stringent environmental regulations, the expansion of coal-fired power plants, government subsidies for pollution control, the high sulfur content of coal, and increasing health concerns.

The wet flue gas desulfurization system market size is expected to see strong growth in the next few years. It will grow to $22.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth projected for the forecast period can be attributed to the shift towards renewable energy sources, rising installation and maintenance costs, regulatory relaxations in certain regions, increased use of natural gas, and the demand for compact and efficient systems. Key trends anticipated include the integration of carbon capture systems, a focus on energy-efficient solutions, the development of hybrid systems, innovations in sorbent materials, and the adoption of digital monitoring technologies.

The growing demand for cleaner energy solutions is anticipated to drive the expansion of the wet flue gas desulfurization system market in the coming years. Several factors contribute to the rise of cleaner energy solutions, including stricter environmental regulations, advancements in renewable energy technologies, increasing consumer demand for sustainable practices, and the need to reduce greenhouse gas emissions. Wet flue gas desulfurization systems play a crucial role in these cleaner energy initiatives by effectively removing sulfur dioxide from emissions, thereby reducing air pollution and ensuring compliance with environmental standards. For instance, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, power generation from solar photovoltaic systems reached a record 270 TWh in 2022, representing a 26% increase from 2021. As a result, the growing demand for cleaner energy solutions is driving the growth of the wet flue gas desulfurization system market.

Leading companies in the wet flue gas desulfurization system market are focusing on advanced technologies like combined flue gas desulfurization (FGD) to offer more cost-effective, efficient, and sustainable solutions for emissions control. Combined flue gas desulfurization (FGD) integrates multiple methods, such as wet and dry scrubbing, into a single system to remove sulfur dioxide (SO2) from the exhaust emissions of fossil fuel power plants. For example, in August 2021, Valmet Oyj, a Finland-based technology company, enhanced its wet flue gas desulfurization (FGD) technology by integrating both nitrogen oxide (NOx) and sulfur oxide (SOx) removal into a single system. This advancement makes emissions control more efficient and cost-effective, especially for facilities with limited space or those using challenging fuels. The upgraded system uses limestone or lime powder to convert sulfur into gypsum, reduces wastewater production, and incorporates Valmet’s advanced automation for optimized processing.

In January 2022, GE Power India Ltd., an India-based power generation and energy delivery services company, collaborated with Apollo International Group to improve the environmental performance of the Anuppur Thermal Power Plant (TPP) in Madhya Pradesh, India. This partnership aims to significantly cut sulfur dioxide (SO₂) emissions by 51,000 tons annually through the deployment of a wet flue gas desulfurization (WFGD) system. Apollo International Group is an India-based provider of integrated logistics solutions.

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.

Asia-Pacific was the largest region in the wet flue gas desulfurization system market in 2023. 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.

The countries covered in the wet flue gas desulfurization system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A wet flue gas desulfurization (FGD) system is a technology designed to remove sulfur dioxide (SO2) from the exhaust gases of industrial processes, primarily from power plants. The system operates by spraying the flue gases with a wet slurry, usually containing limestone or lime, which reacts with the sulfur dioxide to create a solid byproduct that can be safely disposed of or repurposed.

The main types of wet flue gas desulfurization systems include spray towers, jet bubbling, and tray towers. A spray tower, a type of wet scrubber, cleans the gas by spraying it with a liquid absorbent to remove pollutants such as sulfur dioxide from industrial emissions. These systems are installed in both greenfield and brownfield projects and are used across various industries, including power generation, chemical and petrochemical production, cement manufacturing, metal processing and mining, and other sectors.

The wet flue gas desulfurization system market research report is one of a series of new reports that provides wet flue gas desulfurization system market statistics, including wet flue gas desulfurization system industry global market size, regional shares, competitors with a wet flue gas desulfurization system market share, detailed wet flue gas desulfurization system market segments, market trends and opportunities, and any further data you may need to thrive in the wet flue gas desulfurization system industry. This wet flue gas desulfurization system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wet flue gas desulfurization system market consists of sales of scrubbers, pumps, spray nozzles, and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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