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Flue Gas Desulfurization System Market Analysis
- Report ID: GMI3345
- Published Date: Feb 2023
- Report Format: PDF
Flue Gas Desulfurization System Market Analysis
The flue gas desulfurization system market from wet technology segment held over 88% of the revenue share in 2022, owing to the high control & scrubbing efficiency and low cost of sorbent material used in these FGD systems. Additionally, it is widely utilized by large manufacturing and power production companies as it reduces most sulfur dioxide bound in chemical reactions with either ammonia, sodium sulfate, lime slurry, or scrubbers and produces dry by-products, which makes it 90% more efficient than dry FGD systems.
The flue gas desulfurization system market from the manufacturing application is estimated to expand at 8% CAGR through 2032, due to growing population and rapid industrialization in emerging nations have increased the demand for manufacturing operations, promoting the use of FGD systems.
Asia Pacific flue gas desulfurization systems market size dominated around USD 13 billion in 2022. Prominent development and investment in new thermal plants, combined with a positive inclination toward energy-intensive businesses across booming nations such as India and China, are fueling the regional market development. To cite an instance, in August 2022, Shenhua Jiujiang Power Corporation, a Jiangxi-based subsidiary of China Energy, invested over USD 1 billion (7.45 billion yuan) in flue gas desulfurization and denitrification equipment for its Jiangxi Development and Reform Commission Expansion project.
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Flue Gas Desulfurization System Market Scope
