The Flue Gas Desulfurization (FGD) System industry focuses on technologies designed to reduce sulfur oxide (SOx) emissions from industrial processes, particularly in power generation, cement manufacturing, and chemical production. With increasing environmental regulations and a global push for cleaner air, FGD systems play a crucial role in meeting emission standards and improving air quality. The report titled "Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield), and Region - Global Forecast to 2026," published by MarketsandMarkets™, reveals significant growth in the Flue Gas Desulfurization (FGD) system market. The market report assesses the present state of the Flue Gas Desulfurization (FGD) System industry and anticipates future growth, technological advancements, investment opportunities, market economics, and financial data. The market is projected to expand from USD 19.3 billion in 2021 to USD 24.9 billion by 2026, reflecting a CAGR of 5.2% during the forecast period. This growth is primarily driven by stringent federal regulations requiring industries that emit sulfur oxides (SOx) to implement air quality control technologies.

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Market Overview

✔️ Wet FGD Systems Lead the Market

The wet FGD systems segment is anticipated to dominate the market due to their high removal efficiency, exceeding 95%. These systems are extensively utilized in industrial applications, particularly in coal-fired power plants, where strict emission regulations necessitate the adoption of effective desulfurization technologies.

✔️ Power Generation Sector at the Forefront

In terms of end-use industries, the power generation sector is set to maintain its leading position. Both developed and developing nations continue to rely heavily on coal for electricity, with China emerging as a major player in wet FGD system installations due to its substantial number of proposed power plants and the accompanying rise in SOx emissions.

Regional Insights

The Asia Pacific region is expected to exhibit the fastest growth rate in the FGD systems market from 2021 to 2026. Key factors fueling this growth include escalating energy demands, rapid industrialization, and increasing awareness about air pollution control. Additionally, the ongoing expansion of the cement and metal smelting industries in this region is anticipated to bolster demand for FGD systems.

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Key Players in the Market

Prominent players in the FGD systems market include Mitsubishi Heavy Industries Ltd. (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), and Babcock & Wilcox Enterprises Inc. (US). These companies are actively pursuing strategies such as mergers, partnerships, and innovative product development to strengthen their market presence. Noteworthy market participants also include Rafako S.A. (Poland), FLSmidth & Co. (Denmark), and Hamon Group (Belgium), among others.

Company Profiles

✅ Mitsubishi Heavy Industries (MHI)
MHI leads the global FGD systems market with a comprehensive product range and strong performance across key industries. The company has established a competitive edge in the Asia Pacific market, closely competing with other major players.

✅ General Electric Company (GE)
GE offers a diverse array of flue gas desulfurization systems across several industries, including power generation and chemical manufacturing. Its robust portfolio in Air Quality Control Systems enhances its competitiveness in the market.

✅ Andritz AG
Andritz AG provides both Dry and Wet FGD systems across various sectors. In July 2021, the company expanded its capabilities by acquiring segments of GE's Air Quality Control Systems, thereby strengthening its market position.

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Key Questions Addressed in the Flue Gas Desulfurization System Market Research Include:

▶️ What is the estimated size of the FGD systems market in 2020?

▶️ Which region to be the fastest-growing?

▶️ Which end use industry to be fastest growing?

▶️ How can key players tap growth opportunities in FGD systems market?

▶️ What will be the post-COVID-19 impact on the access control market?

Conclusion

The Flue Gas Desulfurization System market is poised for substantial growth, driven by regulatory mandates and increasing environmental awareness. The ongoing developments in key regions, especially Asia Pacific, present significant opportunities for market players to enhance their product offerings and expand their reach in this vital sector.