Flue Gas Treatment Systems Market Forecast, 2018-2028: Rise in Construction and Power Generation Sectors Drives Demand, Projected CAGR of 5.91% Through 2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Flue Gas Treatment Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” report has been added to ResearchAndMarkets.com’s offering.
The Global Flue Gas Treatment Systems Market, a critical segment within the environmental protection industry, is set to experience robust growth in the coming years. According to the latest industry analysis, the market witnessed a valuation of USD 51.94 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.91% through 2028.
Rise in Construction and Power Generation Sectors Drives Demand
A spike in construction and renovation projects globally is cited as a driving force behind the growth of the flue gas treatment systems market. The booming demand for cement, spurred by stringent government regulations on pollution and emissions, along with expansive infrastructural developments such as flyovers, bridges, and roads, feeds into the growth narrative.
Key Drivers Influencing Market Expansion
- Stricter Environmental Regulations: Governments and international bodies have intensified efforts to reduce air pollution and improve public health, leading to stringent industry-specific emission regulations that require the installation of advanced treatment systems.
- Coal-Fired Power Generation: Despite the rise of renewable energy sources, coal remains a prevalent fuel for electricity generation in emerging economies, necessitating comprehensive flue gas treatment solutions to meet emission standards.
- Industrial and Manufacturing Growth: The continuous expansion in these sectors produces a diverse mix of pollutants, leading to an increased need for effective flue gas treatment systems to comply with environmental directives.
Challenging Factors in the Global Market Landscape
The complexity of adhering to a constantly evolving regulatory framework poses a challenge to industry players across various regions. Furthermore, the technical difficulty of treating a wide range of pollutants, each requiring a specific approach, adds to the technological complexity that companies face in achieving emission control.
Emerging Trends Propel Industry Forward
Industry trends indicate a clear shift towards sustainable energy practices and low-carbon technologies. The integration of digital technologies promises greater system efficiency and emissions compliance. With the development of monitoring and analysis tools, operational performance is expected to see significant improvements.
Sector Insights Reveal Strong Performance in Pollutant Control System and Power Generation
The Flue Gas Desulfurization (FGD) sector and the Power generation segment are anticipated to hold dominant positions in the market. These key areas signify opportunities for market players to provide advanced technological solutions in response to environmental mandates.
Regional analyses affirm the Asia-Pacific region as a pivotal market, where rapid industrial development and heightened environmental policies are creating a substantial demand for flue gas treatment systems. Countries in this region, particularly China and India, are experiencing intense industrial growth accompanied by increased energy demands and a heightened focus on pollution control.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $51.94 billion |
| Forecasted Market Value (USD) by 2028 | $73.96 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Report Scope:
In this report, the Global Flue Gas Treatment Systems Market has been segmented into the following categories:
Flue Gas Treatment Systems Market, By Business Type:
- System
- Service
Flue Gas Treatment Systems Market, By Pollutant Control System:
- Flue Gas Desulfurization (FGD)
- DeNOx Systems
Flue Gas Treatment Systems Market, By End-User:
- Power
- Chemical
- Petrochemical
Companies Profiled
- Clyde Bergemann Power Group
- Mitsubishi Hitachi Power Systems
- Babcock & Wilcox Enterprises Inc.
- Clyde Bergemann Power Group
- STT Environ Corp
- Andritz AG
- Marsulex Environmental Technologies
- Bilfinger Engineering & Technologies Gmbh
- Chiyoda Corporation
- Ducon Technologies and Fuel Tech Inc.
For more information about this report visit https://www.researchandmarkets.com/r/1nlen1
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