Global Flue Gas Treatment Systems Market to 2033, Driven by Technological Advancements and Expansion of Healthcare Infrastructure

Mar 26, 2024

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24 Jul, 2023, 14:00 ET

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DUBLIN, July 24, 2023 /PRNewswire/ -- The "Flue Gas Treatment Systems Market by Pollution Control System, Business Type, End-Use Industry, and by Region - Global Forecast to 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The Flue Gas Treatment Systems Market is anticipated to witness significant growth, with the market size poised to hit USD 21,047.5 million in 2022. It is forecasted to witness a CAGR of 5.75% over the period of 2023-2033.

Key drivers influencing this growth include environmental concerns, rising energy demand, technological advancements, and expansion of the healthcare infrastructure.

Despite potential hurdles like high installation and maintenance costs, skilled labor shortage, and slow adoption rates, the market continues to make strides forward.

The approval and launch of new products, such as GE Power's Wet Flue Gas Desulfurization (WFGD) system in December 2021, and Ducon Technologies' Flue Gas Desulfurization (FGD) system in September 2021, further add to the market's impetus.

Market Segmentation

By Pollution Control System:

By Business Type:

By End-User Industry:

By Region:

Key Players in the Market

The market is peppered with several significant players, including:

These companies are deploying various strategic methods to gain a competitive edge. Key tactics involve forming strategic alliances, collaborations, and agreements with other businesses and research institutes. For example, General Electric's acquisition of the Swedish firm Hamon Research-Cottrell in December 2021 and Mitsubishi Hitachi Power Systems' contract to provide flue gas desulfurization equipment for two coal-fired power stations in Poland in October 2021.

For more information about this report visit https://www.researchandmarkets.com/r/v3rnb9

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SOURCE Research and Markets