Flue Gas Desulphurization (FGD) Equipment Market Revenue was valued at USD 20.5 Billion in 2024 and is estimated to reach USD 30.1 Billion by 2033, growing at a CAGR of 4.8% from 2026 to 2033.
As of 2023, the global flue gas desulphurization (FGD) equipment market was valued at approximately USD 18.5 billion and is projected to reach USD 27.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth is primarily driven by stringent environmental regulations aimed at reducing sulfur dioxide (SOâ‚‚) emissions from industrial and power generation sectors. The increasing demand for electricity and the subsequent expansion of thermal power plants, particularly in developing countries, further bolster the adoption of FGD systems. Additionally, advancements in FGD technology have enhanced system efficiency and cost effectiveness, making them more attractive for industrial applications.
Regionally, Asia Pacific dominated the FGD equipment market in 2019, accounting for more than 74% of the global share, and is expected to continue its dominance with the fastest CAGR over the forecast years. This is attributed to rapid industrialization and urbanization in countries like China and India, leading to higher electricity demand and stringent environmental regulations. In India, for instance, the Ministry of Environment, Forest and Climate Change (MoEFCC) mandated that 161,522 MW of thermal plants install FGD systems by December 2022 to reduce SOâ‚‚ emissions. North America and Europe also represent significant markets due to established industrial sectors and strict environmental policies. Meanwhile, the Middle East & Africa and Latin America regions are witnessing gradual growth, driven by increasing industrial activities and growing awareness about environmental conservation.
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Alstom S.A.
Babcock & Wilcox
Siemens Energy
Thermax
Ducon Technologies Inc.
Hamon Research-Cottrell
Mitsubishi Heavy Industries
Marsulex Environmental Technologies
Clyde Bergemann Power Group International Ltd.
FLSmidth & Co. A/S
Burns & McDonnell
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Flue Gas Desulphurization (FGD) Equipment Market
Wet FGD Systems
Dry FGD Systems
Semi-Dry Systems
Absorbers
Reactors
pumps & Piping
Fans and Blowers
Storage Systems
Power Generation
Cement Industry
Metallurgical Industry
Waste Incineration
Pulp and Paper Industry
Coal-fired Power Plants
Gas-fired Power Plants
Industrial Manufacturing Units
Oil Refineries
Installation Services
Maintenance Services
Upgradation Services
Training and Consulting Services
Emergency Repair Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Flue Gas Desulphurization (FGD) Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Flue Gas Desulphurization (FGD) Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Flue Gas Desulphurization (FGD) Equipment Market, By Type
6. Global Flue Gas Desulphurization (FGD) Equipment Market, By Application
7. Global Flue Gas Desulphurization (FGD) Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Flue Gas Desulphurization (FGD) Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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