Global Flue Gas Desulfurization Systems Market (2020 to 2025) - Drivers, Restraints, Opportunities and Challenges

DUBLIN, July 1, 2020 /PRNewswire/ -- The "Flue Gas Desulfurization Systems Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield), and Region - Global Forecast to 2025" report has been added to's offering. The global market for FGD systems stood at USD 18,551 million in 2019 and is poised to grow at a CAGR of 5.5% from 2020 to reach USD 23,065 million by 2025.
The FGD systems market has shown a positive growth trend over the last few years and is primarily driven by various factors such as stringent air pollution control regulations, rising environmental awareness, and consideration of coal as the most reliable source of energy. However, high initial installation costs, high operational energy requirements, and waste disposing requirements and associated costs are some of the factors that are restraining the growth of this market.The dry & semi-dry FGD system segment is projected to grow at the highest CAGR during the forecast period.Based on type, the FGD systems market has been classified into wet and dry & semi-dry. The dry & semi-dry FGD systems segment is projected to grow at a higher CAGR during the forecast period as these are available at cheaper rates as compared to wet FGDs.
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