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Flue-Gas Desulfurization Market

Flue-Gas Desulfurization Market to Expand at a Stunning CAGR of ~6% Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035<br>

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Flue-Gas Desulfurization Market

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  1. Flue-Gas Desulfurization Market to Expand at a Stunning CAGR of ~6% Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035 Global Flue-Gas Desulfurization Market Key Insights During the forecast period of 2023-2035, the global Flue-Gas Desulfurization Market is expected to reach an estimated value of ~USD 30 billion by 2035, by expanding at a CAGR of ~6%. The market further generated revenue of ~USD 20 billion in the year 2022. Major key factors propelling the growth of the flue-gas desulfurization market worldwide are the increasing utilization of energy and electricity.

  2. Market Definition of Flue-Gas Desulfurization The process of separating sulfur dioxide (S02) from flue gases is known as flue-gas desulfurization. During the burning process of fossil fuels such as coal releases gases known as flue gas which contains high amounts of sulfur dioxide. Flue-gas desulfurization is mainly used in places of industrial combustion such as refineries, chemical industries, mineral ore processing, power stations, and many more. Global Flue-Gas Desulfurization Market: Growth Drivers The growth of the global flue-gas desulfurization market can majorly be attributed to the rapid industrialization that is creating a global dependence on coal and fossil fuels for energy generation. For producing energy and electricity, majorly fossil fuels are used which is projected to generate the demand for flue-gas desulfurization in the assessment period. Flue gas desulfurization has several industrial uses, including reducing pollutants in fossil fuel power plants and other combustion units, such as incinerators for municipal and medical waste, petroleum refineries, glass furnaces, metal smelters, and factories that make cement and lime kilns. To maximize SO2 removal and meet regulatory body-set air quality standards, countries with high pollution rates are updating FGD system characteristics. For instance, to control the quantity of pollutants released into the atmosphere, the World Health Organization (WHO) has established Air Quality Guidelines (AQGs) for sulfur dioxide, nitrogen dioxide, particulate matter, carbon monoxide, and ozone. According to the WHO, air pollution causes reduced growth and dysfunctions in the lungs, aggravates asthma, and increases the risk of respiratory infections, all of which result in an estimated 7

  3. million deaths globally almost every year. The organization has established an AQG for the sulfur dioxide of 20 g/m3 for an average 24-hour period and 500 g/m3 for an average 10-minute period based on epidemiological studies. Furthermore, the high utilization of flue-gas desulfurization in water treatment, panel products, construction, cement production, agriculture, and glassmaking applications is considered to drive the market size. The global flue-gas desulfurization market is also estimated to grow majorly on account of the following: Increasing urbanization · Rapid industrialization · High demand for electricity · Expansion of oil & gas sector · Growing expenditure on research and development (R&D) · Global Flue-Gas Desulfurization Market: Restraining Factor The high cost of FGD systems along with the requirement of high initial investment is expected to be the major hindrance to the growth of the global flue-gas desulfurization market during the forecast period. Know More About the Complete Study @ https://www.researchnester.com/reports/flue-gas-desulfurizati on-market/3119

  4. Global Flue-Gas Desulfurization Market Segmentation · By Product Type (Dry & Semi-Dry Systems, Spray Systems, and Wet Systems) · By Installation Type (Brownfield, and Greenfield) · By Application Type (Replacements, Components, and New Systems) · By End User Industries (Iron & Steel, Manufacturing, Chemicals, Power Plants, Waste Incineration, and Others) Out of these, the power plants segment is attributed to garner the highest market share by 2035, owing to the high demand for power, electricity, energy, and the presence of a large number of power plants in all the regions. As of December 2021, in the United States, there were almost 12,000 electric power plants. There is a high demand for electricity which is majorly met through coal with high sulfur content. Therefore, increased power generation and consumption are projected as a reason for the segment growth. By Region · The Asia Pacific flue-gas desulfurization market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions on the back of high energy supply in the region, along with the rising pollution levels from industries, and the rapid growth in industrial sectors in emerging countries, such as India and China. In 2020, the total energy supplied in the Asia Pacific region was accounted to be 259,700,537

  5. TJ, out of which energy supply by coal was 124,702,938 TJ, as stated by the International Energy Agency. Further, stringent emission standards and rising investments for the expansion of coal-fired generation power plants are anticipated to propel the growth of the market. The market research report on global flue-gas desulfurization also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). Request Report Sample@ https://www.researchnester.com/sample-request-3119 Key Market Players Featured in the Global Flue-Gas Desulfurization Market Some of the key players in the global flue-gas desulfurization market are ANDRITZ Group, S.A. HAMON, Chiyoda Corporation, KC Cottrell, Macrotek Inc., Ducon Environmental Systems, Kawasaki Heavy Industries, Ltd., Valmet Corporation, IDE Technologies, and others. About Research Nester

  6. Research Nester, which is a leading service provider for strategic market research and consulting services, aims to provide unbiased, unparalleled market insights and industry analysis. These analyses help conglomerates, executives, and industries to make wise decisions for their businesses as well as for their future marketing strategy, expansion, and investment among others. We believe that our expertise in the field of market research can help businesses to expand to new horizons. Our team of research analysts can provide businesses with the right guidance at the right time, while our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919

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