Press Release

Flue Gas Treatment Systems Market is expected to grow at a robust CAGR

Global Flue Gas Treatment Systems Market is expected to grow owing to increasing use of flue gas treatment process to eliminate pollutants or other hazardous gases throughout the forecast period.

 

According to TechSci Research report, “Flue Gas Treatment Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Flue Gas Treatment Systems Market is expected to register robust growth during the forecast period. The growth of the flue gas treatment systems market worldwide is driven by the formulation and strict enforcement of air pollution control regulations, the generation of marketable by-products from flue gas treatment methods, the expansion of the cement industry, and the global reliance on coal as a reliable energy source. Key opportunities to boost the expansion of the flue gas treatment systems market during the forecast period include the implementation of Mercury & Air Toxic Standards in the U.S., the increase in the number of coal-fired power plants worldwide, and the commercial deployment of post-combustion carbon capture equipment in various industries.

The rising awareness of air quality concerns and their implications for public health is generating a significant demand for technologies that can enhance air quality by mitigating the emissions of detrimental pollutants. Flue gas treatment systems, encompassing the removal of sulfur dioxide (SO2), nitrogen oxides (NOx), particulate matter (PM), and volatile organic compounds (VOCs), are well-positioned to leverage this escalating emphasis on cleaner air.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Flue Gas Treatment Systems Market."

 

Based on end-user, the Power segment is projected to dominate the market throughout the forecast period. Numerous coal-fired power plants are currently undertaking retrofitting initiatives, incorporating advanced flue gas treatment systems to align with evolving environmental standards and curb emissions. These retrofitting projects present a substantial market opportunity. Flue gas treatment technologies in coal-fired power plants are consistently advancing to enhance efficiency and cost-effectiveness. Innovations in technologies such as flue gas desulfurization (FGD) and selective catalytic reduction (SCR) not only improve pollutant removal but also minimize energy consumption. The growing popularity of combined cycle power plants, employing both gas and steam turbines, can be attributed to their high efficiency. Integrated flue gas treatment systems are employed in these plants to capture pollutants and mitigate environmental impact. Some power plants adopt hybrid configurations, combining renewable energy sources with traditional fossil fuel-based generation, to ensure a stable power supply. Flue gas treatment systems are employed in these hybrid setups to govern emissions from the fossil fuel component. Power plants are exploring hybrid solutions that incorporate multiple flue gas treatment technologies to simultaneously address a wide range of pollutants. These integrated systems offer efficiency advantages and contribute to comprehensive emission control. In conclusion, the power segment within the Global Flue Gas Treatment Systems Market plays a crucial role in managing emissions from diverse power generation sources. It encompasses coal-fired power plants, natural gas power generation, renewable energy integration, and oil and refinery power generation. This segment is characterized by the need for emissions compliance, retrofitting projects, efficiency enhancements, and technological advancements to ensure clean and sustainable power generation.   

Based on pollutant control system, Flue Gas Desulfurization (FGD) segment is projected to dominate the market throughout the forecast period. Numerous coal-fired power plants across the globe are retrofitting FGD systems to meet strict emissions regulations. This growing trend in retrofitting fuels the demand for FGD technologies as power plants strive to reduce SO2 emissions and ensure compliance with environmental standards. FGD technologies are continuously evolving to enhance efficiency and cost-effectiveness. Innovations encompass improved sorbent materials, superior system designs, and advancements in process control to optimize SO2 removal efficiency. FGD systems find application globally, wherever control of SO2 emissions is imperative, ensuring a consistent demand for FGD technologies. These systems exhibit adaptability to various fuels, including coal, oil, and biomass, enabling their relevance as industries explore alternative and cleaner energy sources. Ongoing research and development efforts focus on enhancing SO2 removal efficiency and reducing operational costs through improved sorbent materials. Additionally, innovations in sorbent regeneration and recycling contribute to cost-effectiveness.

 

Key market players in the Global Flue Gas Treatment Systems Market are:-

  • Clyde Bergemann Power Group
  • Mitsubishi Hitachi Power Systems
  • Babcock & Wilcox Enterprises Inc.
  • Clyde Bergemann Power Group
  • STT Environ Corp
  • Andritz AG
  • Marsulex Environmental Technologies
  • Bilfinger Engineering & Technologies Gmbh
  • Chiyoda Corporation
  • Ducon Technologies and Fuel Tech Inc.    

 

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“Asia Pacific is expected to be the dominating region during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Flue Gas Treatment Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Business Type (System and Service), By Pollutant Control System (Flue Gas Desulfurization (FGD) and DeNOx Systems), By End-User (Power, Chemical and Petrochemical), By Region, By Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of Global Flue Gas Treatment Systems Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Flue Gas Treatment Systems Market.

 

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