Flue Gas Desulfurization System Market projected to reach $34.1 billion by 2032

From GlobeNewswire: 2024-11-27 07:45:00

The Flue Gas Desulfurization System Market is projected to reach USD 34.1 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032. The market is driven by the focus on reducing sulfur dioxide emissions to comply with environmental regulations, especially in the power generation sector transitioning to clean energy sources and retrofitting coal-fired plants with FGD systems. Wet FGD systems are preferred for their efficiency, and by-products like gypsum are used in construction materials, adding economic value. The Asia-Pacific region leads the market, with high coal consumption in China and India driving demand for FGD systems. Mitsubishi Heavy Industries and GE Power have introduced new FGD systems, contributing to market growth. The market is expected to see significant growth through 2032, driven by the adoption of cleaner technologies and increasing demand across emerging economies.



Read more at GlobeNewswire: Flue Gas Desulfurization System Market Projected to Reach