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Flue Gas Desulfurization System Market Size

  • Report ID: GMI3345
  • Published Date: Feb 2023
  • Report Format: PDF
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Flue Gas Desulfurization System Market Size

Flue Gas Desulfurization System Market size reached USD 20.8 billion in 2023 and is projected to expand at more than 6.5% CAGR from 2024 to 2032, backed by soaring concerns regarding worker health in the manufacturing industry.

 

Flue Gas Desulfurization System Market
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Stringent regulations worldwide to limit harmful SOx emissions are driving the market growth. Rising global warming and mounting concerns about sustaining ambient air quality standards have encouraged global agencies to mandate air quality levels for the efficient disposal and management of SO2 as it has serious health issues, including respiratory system inflammation, breathing issues, and skin irritation.

Flue Gas Desulfurization System Market Report Attributes
Report Attribute Details
Base Year:2023
Flue Gas Desulfurization System Market Size in 2023:20.8 Billion (USD)
Forecast Period:2024 to 2032
Forecast Period 2024 to 2032 CAGR:6.5%
2032 Value Projection:35.6 Billion (USD)
Historical Data for:2019 to 2023
No. of Pages:200
Tables, Charts & Figures:335
Segments covered:Technology, Application
Growth Drivers:
  • Stringent regulatory framework toward SOx emissions
  • Growing electricity demand
    • Pitfalls & Challenges:
  • High installation cost
    • Learn more about the key segments shaping this market
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    Authors: Ankit Gupta, Shashank Sisodia

    Frequently Asked Questions (FAQ) :

    The market size of flue gas desulfurization system reached more than USD 20.8 billion in 2023 and is set to progress at over 6.5% gains through 2032 owing to stringent regulatory frameworks set by governments worldwide.

    The manufacturing application segment is anticipated to grow at over 8% CAGR between 2023 and 2032 due to the growing population and rapid industrialization in emerging nations that are resulting in increased manufacturing operations.

    The wet segment held 88% share of the flue gas desulfurization system market in 2022 as a result of high control & scrubbing efficiency and the low cost of sorbent material used in these FGD systems.

    The Asia Pacific industry crossed a valuation of USD 13 billion in 2022 on account of prominent development and investment in new thermal plants, combined with a positive inclination toward energy-intensive businesses in the region.

    Flue Gas Desulfurization System Market Scope

  • Flue Gas Desulfurization System Market Size
  • Flue Gas Desulfurization System Market Analysis
  • Flue Gas Desulfurization System Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 15
    • Tables & Figures: 335
    • Countries covered: 23
    • Pages: 200
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