Flue Gas Desulfurization System Market Size

Flue Gas Desulfurization System Market size is anticipated to reach USD 20 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of flue gas desulfurization system was over USD 10 billion. Stringent environmental regulations and emissions standards drive the demand for FGD systems, as industries strive to comply with air quality standards. The growing demand for electricity worldwide, coupled with a rise in coal and gas-based power generation, contributes to the expansion of the FGD system market. The development of alternative, cleaner energy sources and stricter emissions standards may impact the growth of the FGD system market. Major companies in the market include prominent players such as Mitsubishi Hitachi Power Systems, General Electric, Babcock & Wilcox Enterprises, Siemens, and Doosan Lentjes, among others. The installation and maintenance costs of FGD systems can be significant, posing a challenge for some industries.

Flue Gas Desulfurization (FGD) is a technology used to remove sulfur dioxide (SO2) from the exhaust gases produced by burning fossil fuels, particularly in power plants. This process helps in reducing air pollution and mitigating the environmental impact of industrial activities. The flue gas desulfurization system market refers to the industry that provides solutions and technologies for implementing FGD systems. The market is influenced by a complex interplay of environmental policies, energy demand, technological advancements, and economic factors. As the world continues to focus on sustainable development, the demand for FGD systems is expected to persist and evolve.