Flue Gas Treatment Systems Market

Global Flue Gas Treatment Systems Market Size (2024-2029):

The Global Flue Gas Treatment Systems Market size is estimated at US$ 78.6 billion in 2023 and is projected to reach US$ 112.76 billion by 2029 from US$ 83.47 billion in 2024 and registered with a CAGR of 5.56% between 2024-2029.

Current Scenario of the Global Flue Gas Treatment Systems Market

Flue gas treatment systems are majorly developed to control the emissions of various pollutants including fly ash, sulfur oxide, nitrogen oxide, and volatile organic compounds that may cause air pollution. Moreover, these systems are utilized by various end-user industries namely cement, iron, power, chemical, and petrochemical. In emerging economies, mainly India, China, and Indonesia, the demand for cement has increased, due to which the project based on infrastructure developments has also increased, which further drives the global flue gas treatment systems market growth in the upcoming years.

MARKET DRIVERS

The global flue gas treatment systems market is predicted to rise due to increased construction and re-construction activities in both developed and developing countries, resulting in increased cement use and stricter government regulations on pollution and effluent emissions.

Flue gas treatment is a method of removing or reducing pollutants and other harmful gases emitted by the combustion of fossil fuels at power plants, industrial facilities, manufacturing units, and other industrial facilities. When fossil fuels like kerosene, coal, natural gas, wood, diesel, and others are burnt to produce electricity or heat, they emit mercury, carbon dioxide, sulfur dioxide, sulfides, and other particles known as flue gases. The majority of these dangerous flue gases also contain nitrogen oxides. If flue gas from industrial buildings, manufacturing units, and power plants is not handled, it can contaminate the air in neighboring areas and spread further.

Moreover, the demand for cement is being driven by increased infrastructure projects such as flyovers, tunnels, bridges, dams, highways, and construction activity in the commercial sector. As a result, sulfur oxides and dioxides are released into the environment during cement manufacturing and pyro-stage combustion. However, installing flue gas treatment systems in cement factories has been discovered to reduce SOx emissions by 90%.

The global flue gas treatment systems market is likely to develop in the coming years as the population has become more aware of the advantages of using flue gas treatment technologies.

The extraction and use of fossil fuels emit around 22 billion tonnes of carbon dioxide into the atmosphere each year, and the volume of emissions is steadily increasing. As a result, new environmental rules to reduce VOC emissions have been enacted to identify, assess, and eliminate the root source of these emissions to save the environment. Therefore, this factor is projected to be one of the primary drivers of global flue gas treatment market growth in the upcoming years. Environmental rules have resulted in an implicit pollution tax that has been increased in recent years for US manufacturing enterprises. Manufacturers in many industrial verticals have been pushed to create product improvements and promote the cause of a clean environment and lower VOC emissions due to a strict regulatory framework. 

MARKET RESTRAINTS

Lack of product awareness and high installation and maintenance costs of flue gas treatment systems are two factors that could hinder revenue growth in the global flue gas treatment systems market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Flue Gas Treatment Systems Market Analysis By Pollutant Control System

The particle control segment accounted for the highest proportion of the flue gas treatment systems market based on the pollutant control system. Therefore, during the projection period, this market sector is expected to maintain its dominance. Moreover, the increased consumption of electrostatic precipitators and bag filters in various end-use industries, including power, cement, iron & steel, non-ferrous metal, and chemical & petrochemical, can be attributed to the increase in the particulate control segment of the growth of the flue gas treatment systems market.

On the other hand, during the forecast period, the mercury control sector of the flue gas treatment systems market is expected to develop at the fastest rate. Various technologies to limit mercury emissions are projected to promote the growth of the flue gas treatment systems market in multiple nations, such as the United States, India, and China, in the next six years.

Global Flue Gas Treatment Systems Market Analysis By Type of Business

Based on the types of business, the system segment is expected to lead the flue gas treatment systems market during the forecast period. The rising installation of new flue gas treatment systems and the upgrading of existing ones in several industries can be attributed to the expansion of this system segment of the market. 

Global Flue Gas Treatment Systems Market Analysis By End User

Based on End Users, the power segment is expected to lead the flue gas treatment systems market. The increasing number of coal-based power plants in countries such as China, Japan, Poland, and India and increased adherence to environmental rules by various businesses can be linked to expanding this section of the market in the upcoming years.

REGIONAL ANALYSIS

Around the world, the Asia Pacific area has the greatest market for flue gas treatment systems.

The Asia Pacific flue gas treatment systems market is expected to rise due to the region's substantial industrial base and increasing demand for flue gas treatment systems from the cement and power industries. Additionally, multiple government initiatives in the Asia Pacific region to attract investments from various multinational firms are projected to fuel the growth of the Asia Pacific flue gas treatment systems market during the forecast period.

In North America, rapid industrialization and increased infrastructure will push the market. In the future, an increase in demand for power and dependence on coal will aid it. In addition, new participants will emerge due to technological breakthroughs in high-performing equipment and lower costs.

The Europe region tends to hold significant global flue gas treatment systems market growth owing to the rising number of coal-fired power plants and a burgeoning chemical and petrochemical industry. Furthermore, as the region continues to urbanize, there is a greater demand for new infrastructure, which has raised the need for cement.

KEY PLAYERS IN THE GLOBAL FLUE GAS TREATMENT SYSTEMS MARKET

Companies playing a prominent role in the global flue gas treatment systems market include General Electric, Mitsubishi Hitachi Power Systems Ltd., Babcock & Wilcox Enterprises Inc., Thermax Limited, Doosan Lentjes, FLSmidth, Siemens, Clyde Bergemann Power Group, Marsulex Environmental Technologies, AMEC Foster Wheeler, and Others.

RECENT HAPPENINGS IN THE GLOBAL FLUE GAS TREATMENT SYSTEMS MARKET

• National Thermal Power Corporation Limited in India has given Mitsubishi Hitachi Power Systems, Ltd., an order for additional flue-gas desulfurization (FGD) systems to be installed in the Mouda-II and Rihand-II&III coal-fired power plants.
• On April 11th, 2018, GE disclosed the successful completion of the first turnkey full-flow wet flue gas desulphurization plant at NTPC's 500 MW Super Thermal Power project site in Vindhyachal Madhya Pradesh.

DETAILED SEGMENTATION OF THE GLOBAL FLUE GAS TREATMENT SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global flue gas treatment systems market has been segmented and sub-segmented based on pollutant control system, type of business, end user,  and region.

By Pollutant Control System

• FGD
• DeNOx
• Particulate Control
• Mercury Control

By Type of Business

• System
• Service

By End User

• Cement
• Power
• Iron
• Steel

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa