Latest News- Flue Gas Desulfurization (FGD) System Market: Wet FGD is expected to lead the Product segment during 2024-2028

The Flue Gas Desulfurization (FGD) System Market is being driven by Stringent standards for sulfur oxide emission

The Flue Gas Desulfurization (FGD) System Market is expected to grow at a CAGR of 5.41% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.88 billion. In the Flue Gas Desulfurization (FGD) market, two primary technologies are employed: Wet FGD and Dry FGD. Wet FGD systems, which utilize wet scrubbers, are favored by large-scale end-users due to their superior sulfur removal capabilities. Wet scrubbers, a key component of these systems, are particularly popular in power generation plants with high capacity requirements. However, the high cost of wet scrubbers limits the affordability of FGD systems for smaller-scale end-users. Amidst intense competition in the power generation sector, driven by the abundant availability of natural gas and renewable energy sources, cost-effective FGD solutions are in high demand. Wet FGD systems, with their higher efficiency compared to dry scrubbers, cater to this need in the power generation segment. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Wet FGD
  • Dry FGD
• End-user
  • Power plants
  • Iron and steel
  • Chemicals
  • Cement
  • Others
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Stringent standards for sulfur oxide emission
• Growing demand for power
• Implementation of new emission norms in industries

However, the market also witnesses some limitations, which are as follows:

• Volatility in oil and gas prices
• High energy consumption of FGD system operations in power plants
• Wastewater disposal issues associated with wet FGD systems

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Market Scope in Flue Gas Desulfurization (FGD) System Market Research Report

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Research Analysis Overview

The Flue Gas Desulfurization (FGD) System market is witnessing significant growth due to increasing concerns over SO2 emissions, a major contributor to air pollution and environmental problems. Power generation from coal-fired power plants and manufacturing facilities is a major source of these emissions, leading to airborne diseases and sulfur pollution. Fossil fuels used in coal-fired power stations and marine transport are key culprits, emitting nitrogen oxides and contributing to landfill capacity issues. The production of FGD gypsum offers a potential solution, but the focus on renewable resources is growing. Both wet FGD and dry FGD technologies are used to reduce sulfur dioxide emissions and mitigate the environmental impact of power plants in industries such as cement, steel, and electricity generation.

Market Research Overview

The Flue Gas Desulfurization (FGD) system market is a significant segment of the global industrial machinery market, which encompasses businesses manufacturing industrial machinery and components. Key products in this market include presses, machine tools, compressors, pollution control equipment, and various metal fabrications. According to Technavio, the industrial machinery market's growth is attributed to the expanding industrial output in process and discrete industries, fueled by increasing energy demands in developing countries for sectors such as energy, chemicals and petrochemicals, pulp and paper, and processed food and beverages. The FGD system market specifically benefits from the global trend towards reducing air pollution, particularly in power generation and the cement industry. Technavio forecasts the global industrial machinery market to reach over X terawatt-hours by 2025.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/