"Flue Gas Market" does not specifically refer to a recognized industry or market segment. However, based on the context, it is possible that you are referring to the market related to flue gas treatment or flue gas emissions control.
Flue gas is the gas that is emitted from various industrial processes, power plants, and combustion systems, such as those in fossil fuel-fired power plants, industrial boilers, waste incinerators, and cement kilns. Flue gases typically contain pollutants such as sulphur dioxide (SO2), nitrogen oxides (NOx), particulate matter (PM), and other harmful substances that contribute to air pollution and environmental issues.
Some common flue gas treatment technologies and approaches include:
Flue Gas Desulfurization (FGD): FGD systems are used to remove sulfur dioxide (SO2) from flue gas by using various chemical processes or scrubbing techniques.
Selective Catalytic Reduction (SCR): SCR systems utilize catalysts to reduce nitrogen oxides (NOx) emissions by converting them into nitrogen and water.
Electrostatic Precipitators (ESPs): ESPs are designed to capture and remove particulate matter from flue gas using an electric field.
Baghouses: Baghouses are fabric filters that can efficiently capture and remove fine particulate matter from flue gas.
Flue Gas Conditioning: Flue gas conditioning involves adjusting the flue gas temperature and humidity to enhance the performance of pollutant control devices.
Carbon Capture and Storage (CCS): CCS technologies are used to capture and store carbon dioxide (CO2) emissions from flue gas to prevent them from being released into the atmosphere.
The market for flue gas treatment technologies, including equipment and services, is influenced by government regulations, environmental standards, and the increasing emphasis on sustainable and clean energy practices.
Global flue gas desulfurization (FGD) systems market size was valued at $17,869.1 million in 2018, and is projected to reach $25,063.8 million in 2026, growing at a CAGR of 4.1%. The wet FGD systems segment accounted for over three-fourths of the global flue gas desulfurization systems market share in 2018 and is expected to witness significant growth during the forecast period.
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Flue gas desulfurization systems have witnessed unprecedented adoption in the current years, owing to rise in concerns pertaining to increase in pollution and environment protection. In addition, factors such as a rise in number of industries and increase in awareness regarding health hazards caused due to air pollution drive the adoption of flue gas desulfurization systems. However, high product and installation costs restrain the growth of the flue gas desulfurization systems market.
An increase in demand for air scrubbers has been witnessed in the fast-emerging economies such as India and China, owing to presence of several local and regional manufacturing companies. Moreover, rise in industrialization is expected to offer lucrative growth opportunities to small manufacturers across the globe. However, flue gas desulfurization systems market in LAMEA is in its nascent stage and is anticipated to observe substantial development in the near future due to rise in awareness among individuals toward controlling air pollution. LAMEA is expected to offer lucrative opportunities for the market players due to economic growth and rise in access to cutting-edge technologies.
This report discusses various aspects of the global flue gas desulfurization systems industry. Based on technology, the wet FGD systems segment is expected to account for the largest share in the market during the forecast period. This is attributed to increased demand from various industries such as power, oil & gas, and mining.
By application, the power plants segment is expected to account for the maximum share during the forecast period. This is attributed to a surge in the need for flue gas desulfurization systems to control the discharge of SO2 and other gaseous pollutants. Region wise, Asia-Pacific is the most productive segment in the flue gas desulfurization systems market. This is attributed to the fact that numerous domestic competitors are expanding their business in China and India due to enhancing product portfolios, expanding geographical reach, and growing customer base.
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