Global Flue Gas Treatment Systems Market Size, Share & Analysis Report 2021-2028 - ResearchAndMarkets.com
b'The "Flue Gas Treatment Systems Market Size, Share & Analysis, By Control Type, By Marketing Mode, By End-Use, And By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com\'s offering.\nThe global flue gas treatment market size is expected to reach USD 95.41 Billion in 2028, and register a CAGR of 4.9% during the forecast period.\nIncreasing use of flue gas treatment process to eliminate or reduce pollutants or other hazardous gases released on burning of fossil fuels at power plants, industrial facilities, manufacturing units is a key factor driving market revenue growth.\nIncreasing investments in R&D of technologically advanced systems such as high performing equipment at cost-effective prices by major market players.\nThe global market growth is expected to be driven by major factors such as increasing number of construction as well as renovation activities across the globe, resulting in growing consumption of cement, coupled with strict government regulations regarding pollutions and effluent emissions.\nGrowing infrastructural development globally including flyovers, bridges, tunnels, dams, roads, and public transport infrastructure, among others, coupled with construction activities in commercial and residential sectors are driving demand for cement.\nLack of product knowledge and high cost involved installation and maintenance of these systems are factors that could hamper market growth to a certain extent.\nSome Key Findings From the Report:\nAmong the control type segments, the particulate control type segment accounted for the largest revenue share in the global flue gas treatment systems market in 2020, due to growing consumption of bag filters and electrostatic precipitators in various end-use industries.\nIn addition, the mercury control type segment is expected to register a robust revenue growth rate during the forecast period, owing to installations of systems to control mercury emission globally.\nAmong the end-use segments, the power segment accounted for significantly large revenue share in the global flue gas treatment systems market in 2020.\nThe Asia Pacific flue gas treatment systems market accounted for substantially large revenue share in the global market in 2020, and is projected to register the highest revenue growth rate during the forecast period, due to favorable government policies, presence of various coal-based power plants, and rapidly growing chemical and petrochemical industry in the region.\nKey players profiled in the global flue gas treatment systems market report 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, and AMEC Foster Wheeler.
- b'The "Flue Gas Treatment Systems Market Size, Share & Analysis, By Control Type, By Marketing Mode, By End-Use, And By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com\'s offering.\nThe global flue gas treatment market size is expected to reach USD 95.41 Billion in 2028, and register a CAGR of 4.9% during the forecast period.\nIncreasing use of flue gas treatment process to eliminate or reduce pollutants or other hazardous gases released on burning of fossil fuels at power plants, industrial facilities, manufacturing units is a key factor driving market revenue growth.\nIncreasing investments in R&D of technologically advanced systems such as high performing equipment at cost-effective prices by major market players.\nThe global market growth is expected to be driven by major factors such as increasing number of construction as well as renovation activities across the globe, resulting in growing consumption of cement, coupled with strict government regulations regarding pollutions and effluent emissions.\nGrowing infrastructural development globally including flyovers, bridges, tunnels, dams, roads, and public transport infrastructure, among others, coupled with construction activities in commercial and residential sectors are driving demand for cement.\nLack of product knowledge and high cost involved installation and maintenance of these systems are factors that could hamper market growth to a certain extent.\nSome Key Findings From the Report:\nAmong the control type segments, the particulate control type segment accounted for the largest revenue share in the global flue gas treatment systems market in 2020, due to growing consumption of bag filters and electrostatic precipitators in various end-use industries.\nIn addition, the mercury control type segment is expected to register a robust revenue growth rate during the forecast period, owing to installations of systems to control mercury emission globally.\nAmong the end-use segments, the power segment accounted for significantly large revenue share in the global flue gas treatment systems market in 2020.\nThe Asia Pacific flue gas treatment systems market accounted for substantially large revenue share in the global market in 2020, and is projected to register the highest revenue growth rate during the forecast period, due to favorable government policies, presence of various coal-based power plants, and rapidly growing chemical and petrochemical industry in the region.\nKey players profiled in the global flue gas treatment systems market report 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, and AMEC Foster Wheeler.
- The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.\n'