The flue gas desulfurization systems market has been valued at US$ 17.7 billion in the year 2021 and it is estimated to reach US$ 24.1 billion by the year 2027, with a CAGR of 5.7% from 2022 to 2027. Flue gas desulfurization systems plant removes sulfur dioxides (SO2) from flue gas produced by boilers, furnaces, and other sources; these are the main factors that have considerably increased the demand for the flue gas desulfurization systems in the market, thereby driving the huge growth of the flue gas desulfurization systems market in the upcoming years
Market Drivers and Restraints:
The main factors that have considerably increased the demand for the flue gas desulfurization systems in the market are mainly the increase in popularity of FGD systems in the growing cement and chemical manufacturing industries is also expected to garner to the growth of the global flue gas desulfurization systems market. In addition, growth in awareness about the consequences of air pollution on health among the people and governments of different countries enhances the demand for flue gas desulfurization (FGD) systems; thereby, catering to the development of the market. The major flue gas desulfurization systems market players are trying to expand and develop their product portfolios to efficiently eliminate the flue gases from industrial plants; these are the main factors that have considerably increased the demand for the flue gas desulfurization systems in the market, thereby driving the huge growth of the flue gas desulfurization systems market in the upcoming years
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The report is segmented as:
The flue gas desulfurization systems Market is segmented on the basis of:
By type (Wet, Dry & Semi-Dry),
By end-use industry (Power Generation, Chemical, Iron and Steel, Cement Manufacturing)
By installation (Greenfield and Brownfield)
Geographical Segmentation:
The flue gas desulfurization systems Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and the rest of the world. North America has the dominant share in the flue gas desulfurization systems due to the due to development in industrialization and urbanization has turned out to be a significant issue these are the main factors that have considerably increased the demand for the flue gas desulfurization systems in North America, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa will register a slower increase in the flue gas desulfurization systems market
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Impact of COVID-19 on the Market
Covid-19 has hugely affected the flue gas desulfurization systems market growth. The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate effect of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increased opportunities. COVID-19 will have an occasional effect on the flue gas desulfurization systems market.
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