Industrial Flue Gas Treatment Systems & Services Market Size, Share and Forecast 2032

Industrial Flue Gas Treatment Systems & Services Market Insights

According to Zion Market Research, the global Industrial Flue Gas Treatment Systems & Services Market was worth USD 73.09 Billion in 2023. The market is forecast to reach USD 120.99 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.76% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Industrial Flue Gas Treatment Systems & Services Market industry over the next decade.

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Industrial Flue Gas Treatment Systems & Services Market: Overview

Consumption of fuels in the industrial process releases gases and these gases contain harmful gaseous elements which causes adverse effects on human health as well the environment. Before releasing from industry, these gases are treated using industrial flue gas treatment systems and services. This air treatment is done for the elimination of harmful pollutants from industrial gaseous emissions. The hazardous effects of industrial emissions are reduced by the use of industrial flue gas treatment systems.

The market is being positively impacted due to increase in global demand, increase in number of patients due to air-borne diseases and rising concerns for employee safety and environment safety. The rising investments in production industry are contributing to growth of industrial flue gas treatment systems and services.

COVID-19 Impact Analysis

The Covid-19 outbreak had significantly affected the industrial gas treatment systems and services market. Covid-19 pandemic halted the production industry for an undefined period. The manufacturing and production industry have incurred significant loss due to stringent lockdown implementations. The leading player in industrial gas treatment systems and services has been affected in terms of revenue for a decline in global demand.

The pandemic had caused an economic slowdown, leading to a slowdown of industrialization and expansion of businesses. This economic slowdown has hampered the demand for industrial gas treatment systems and services.

Companies are trying to optimize their production to make up revenue to pre-Covid-19 levels. Companies are implementing strategies like optimizing production strategies by ensuing social distancing, ensuring hygiene and clean workplace for the employees, encouraging employees for vaccination. Manufacturers are ensuring safety of employees to avoid spread of Covid-19 infections and continued production.

Industrial Flue Gas Treatment Systems & Services Market: Growth Factors

The rising demand for industrial flue gas treatment systems & services is estimated to drive market growth in the coming future. The escalating health concerns for the safety of industrial employees have raised a demand for industrial flue gas treatment systems & services in the global market. The rise in the number of patients due to airborne diseases is driving the demand for industrial gas treatment systems. The strict implementation of regulations and policies by the government for industrial emissions is leading to the need for air treatment systems.

Also, rising awareness about the advantages of industrial flue treatment systems and services is driving the market growth. The factors like environmental awareness among industrial manufacturers, low operational cost is fueling the market growth. The emerging trend of improved operationality are getting the attention of the vendors and owing to this, vendors are showing inclination towards adopting industrial flue gas treatment systems and services.

Pollutant control system Segment Analysis Preview

This segment dominates the global industrial flue gas treatment and systems market in pollution control systems. This is attributable to the growing utilization of electrostatic precipitates and bags in industries to remove particulate matter from gaseous emissions. These electrostatic precipitates and bag filters are majorly being adopted by end-user industries like power generation, iron and steel, cement industry, metals, and chemical industry. The growth of these end-user industries and the growing demand for gas treatment systems are driving the growth of the particulate control segment in the global market.

End Use Industry Segment Analysis Preview

The power generation segment holds the largest market share in this segment, and it is estimated to continue dominating the segment in the forecast period. This is growth is attributable to the prevalence of coal-based power plants in developing and developed countries like India, Poland, China, and Japan. The surge in implementation of environmental regulations relating to gaseous emission from industries is leading to a rise in the adoption of industrial flue gas treatment systems & services in the power generation segment.

Industrial Flue Gas Treatment Systems & Services Market: Report Scope

Industrial Flue Gas Treatment Systems & Services Market: Regional Analysis Preview

APAC region accounts for the largest market share due to its wide industrial base and increasing investments in industrial infrastructure. This region shows a wide presence of coal-based power generation industries and cement industries in the region, this is driving the growth of the market in this region. Developing countries like India and China are continuously making new investments in the production industries. This development of the production industry in the APAC region is the major contributor to the global market growth of industrial gas treatment systems and services. The strict implementation of government regulations for environmental safety and initiative by governments in this region to attract investments in industries are estimated to lead the market demand for industrial gas treatment systems and services in the coming future.

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The North-America region is estimated to grow at a CAGR of 4.3% over the forecast period. North-America followed by the Asia-Pacific region holds the major market share.  The surge in the market growth in this region is due to the prevailing presence of the power generation industry and production industry in the region. The stringent implementation of government norms for gaseous emissions from industries is contributing to the market demand for industrial flue and gas treatment systems and services in the region.

Industrial Flue Gas Treatment Systems & Services Market Players & Competitive Landscape

Some of the key players in the industrial flue gas treatment systems & services market are

• Mitsubishi Hitachi Power Systems Ltd
• Envitech
• Babcock & Wilcox Enterprises Inc
• Environment System Corporations
• STT Environ Corp
• Agilis Technology
• Beltran Technologies
• Doosan Lentjes
• Classifier Milling Systems
• Ducon Infratechnolgies Limited

The global industrial flue gas treatment systems & services market is segmented as follows:

By Business Type

• New Projects
• Systems
• Services
• Retrofits And Up-Gradation
• Others

By Pollutant Control System

• DeNOx
• Flue Gas Desulfurization
• Mercury Control
• Particulate Control
• Others (Volatile Organic Compounds, Dioxins, And Furans)

By End-User Industry

• Iron And Steel
• Power Generation
• Chemical And Petrochemicals
• Cement Manufacture
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa