The global flue gas desulfurizer market size was worth around USD 21.91 billion in 2023 and is predicted to grow to around USD 35.48 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.50% between 2024 and 2032.
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The process of flue gas desulfurization involves the removal of sulfur dioxide from exhaust flue-gases from sulfide-emitting processes. Acid rain is a consequence of sulfur dioxide emissions in the atmosphere. Consequently, the manufacturing and process industries have been subjected to rigorous regulations in order to reduce such emissions worldwide.
The global flue gas desulfurizer market is anticipated to experience significant growth due to the growing concern over the emission of sulfur dioxide into the atmosphere. Furthermore, the global flue gas desulfurizer market is anticipated to experience further growth as a result of the escalating energy demand, which is anticipated to prompt the construction of more power plants worldwide.
The market is also anticipated to benefit from the growing emphasis on air quality in key nations as a result of climate change and the escalating levels of pollution. Inflammation of the respiratory system, skin irritation, and breathing difficulties may result from the increase in sulfur dioxide levels in the atmosphere. Nevertheless, it is anticipated that the high installation cost of flue gas desulfurization will serve as a deterrent to the entry of new participants into the market.
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The Global Flue Gas Desulfurizer Market is segmented based on product, application and region
Global Flue Gas Desulfurizer Market: Product Segment Analysis
● Wet Systems
● Dry Systems
Global Flue Gas Desulfurizer Market: Application Segment Analysis
● Power Plants
● Chemical & Petrochemical
● Cement
● Metal Processing & Mining
● Manufacturing
● Others
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The Global Flue Gas Desulfurizer market profiles key players such as:
● Alstom S.A.
● Babcock and Wilcox Company
● China Boqi
● Chiyoda Corporation
● Ducon Technologies Inc.
● Hitachi Power System America Ltd.
● Hamon Research-Cottrell
● Lonjing Environment Technology Co. Ltd.
● Mitsubishi Heavy Industries Ltd.
● Marsulex Environmental Technologies
● Siemens Energy
● Thermax
Regional Analysis of the Flue Gas Desulfurizer Market
In 2018, the global flue gas desulfurizer market was dominated by Asia Pacific. The flue gas desulfurizer market in the region is anticipated to experience substantial development due to the expansion of industries such as metal and cement. Moreover, the demand for flue gas desulfurizers in the region is anticipated to be driven by the ever-increasing energy demand in the region, which is reflected in the increasing power generation activities. The region is responsible for nearly half of the global demand for flue gas desulfurizers.
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