Industrial DeNOx Systems & Services Market

Industrial DeNOx Systems & Services Market Size (2023-2028)

The DeNOx industrial systems and services market is expected to reach $ 9.8 billion by 2028, after increasing at a CAGR of 6.4% in 2023-2028

Industrial DeNox systems are the systems that help large industries drastically reduce nitric oxide and nitrogen dioxide (NOX) in raw gas emissions, which are the major contributors to acid rain and photochemical oxidation in the atmosphere, as well as respiratory diseases.

Industrial DeNOx Systems & Services Market Trends:

Increasing industrialization has resulted in an increase in the level of harmful gas emissions. This has led to increased demand for industrial DeNOx systems and services. Another major factor driving the growth of this market is the increased demand for the purification of gas streams using solutions of ammonia, ammonium sulfates, activated carbon, etc. The growth and expansion of various end-user verticals will create even more lucrative growth opportunities for the DeNOx industrial systems and services market. The growing dependence on the coal and natural gas industries for energy extraction will further stimulate the growth in demand for DeNOx industrial systems and services. In addition, the increased use as a raw material for the manufacture of chemical compounds would further help to exceed the demand for services from industrial DeNOx systems. Growing technological advancements in reagents and facilities associated with DeNOx industrial systems services will further stimulate the growth in the market value of DeNOx industrial systems and services. Industrial DeNOx systems and services used in industrial areas help reduce NOx emissions. This translates into reduced air pollution and a reduction in a hazardous environment for employees and the people who live around them. Although the global power generation industry expects a transition to renewable energy sources, thermal power is the major factor driving the market. Environmental protection associations, such as the United States Environmental Protection Agency and the National Ambient Air Quality Standard the world, have strict rules and regulations against emissions of NOx in different industries. In addition, the focus on environmental protection and public awareness of air pollution is expected to increase during the forecast period.

Recent Developments in the Industrial DeNOx Systems & Services Market:

In November 2019, the selective catalytic reduction DeNOx nanocatalyst loaded with low-temperature activated carbon MnOx-Cu was developed.

Industrial DeNOx Systems & Services Market Drivers:

The industrial DeNOx systems market is anticipated to grow at a steady pace during the next five years. It is driven by the increasing stringency of emissions regulations from utilities and industrial boilers. Increased growth of gas purification using ammonia solution, ammonium sulfates, activated carbon, urea, granulated sulfur and precipitation water flocculation and purification, acid, water softener, ion exchangers, pH change, world market demand for DeNOx devices and services is high. The demand growth is expected to be boosted by Shell catalysts and developments utilizing selective catalytic reduction systems, while the non-selective catalyst market is still expected to see sustained growth, as it functions like traditional power plants that burn biomass, residual coal and oil, such as cement plants and waste incinerators. Technological development and creativity in reagents and facilities associated with the DeNOx method can further drive business growth. In addition, flue gas treatment would also require this facility, which is expected to drive demand in the coming years for the global DeNOx industrial system and service industry.

Industrial DeNOx Systems & Services Market Restraints:

Growing demand and adoption of alternative energy sources that are less emitting or non-emitting, coupled with the unavailability of active ingredients, is a major constraint to the growth of the DeNOx industrial systems and services market. Adverse economic conditions will create further obstacles to the growth of the DeNOx industrial systems and services market.

Opportunities in the Industrial DeNOx Systems & Services Market:

The growth and expansion of various end-user verticals will create even more lucrative growth opportunities for the DeNOx industrial systems and services market. The growing dependence on the coal and natural gas industries for energy extraction will further stimulate the growth in demand for DeNOx industrial systems and services. In addition, the increased use as a raw material for the manufacture of chemical compounds would further help to exceed the demand for services from industrial DeNOx systems. Growing technological advancements in reagents and facilities associated with DeNOx industrial systems services will further stimulate the growth in the market value of DeNOx industrial systems and services.

Challenges in the Industrial DeNOx Systems & Services Market:

A lack of understanding of NOx mitigation technology in developing countries such as South Africa, India, and Mexico is one of the major constraints of the industrial DeNOx systems & services industry.

INDUSTRIAL DENOX SYSTEMS & SERVICES MARKET REPORT COVERAGE:

Industrial DeNOx Systems & Services Market Segmentation:

By Type:

• Selective Catalytic Reduction (Scr)
• Selective Non-Catalytic Reduction (Sncr)

Selective Catalytic Reduction (SCR) is a technology used to regulate post-combustion emissions from industrial nitrogen oxide (NOx). In the presence of oxygen and a catalyst, this technology uses a reducing agent such as ammonia to selectively lower NOx. Ammonia is pumped into the exhaust gas stream and mixed with NOx. A catalyst bed moves through this combination of ammonia and NOx, where a significant amount of NOx reacts with the catalyst. The adsorbed ammonia breaks down into diatomic nitrogen molecules and water, reducing the level of NOx in the exhaust gases. In terms of volume, due to the superior price-performance ratio provided by DeNOx selective catalytic reduction systems, the selective catalytic reduction segment accounted for a significant share of the global industrial DeNOx systems and services market in 2020.

By Application:

• Utilities
• Industry
• Others

The industry segment is the largest application segment of the global industrial denox systems and services market, by value and volume in 2020, with a CAGR of 6.5% during the forecast period. In power generation, chemical, cement, iron, and steel manufacturing, non-ferrous metal processing, and other industries, flue gas treatment systems are commonly installed. Coal-fired power plants emit high concentrations of pollutants, and the power generation industry uses industrial flue gas treatment systems the most. The demand for industrial DeNOx systems for industrial flue gas treatment systems during the forecast period is expected to be dominated by the power generation industry. The main end user of the devices is the production of electricity. This may be because power plants use Selective Catalytic Reduction (SCR) systems which are very efficient and capital-intensive for end-of-pipe NOx management.

Industrial DeNOx Systems & Services Market Regional Analysis:

The Industrial DeNOx Systems & Services Market Report includes the segmentation of Regions:

1. North America 
2. Europe 
3. Asia Pacific
4. Latin America 
5. Middle East & Africa 

APAC led the DeNOx industrial systems and services market share with over 43.3%, followed by North America and Europe. China's Twelfth Five-Year Plan established a comprehensive plan to monitor emissions of toxic gases such as SO2, NOx, particulate matter, etc. The law allows utilities and factories to install sufficient equipment to monitor emissions of these gases below the stipulated limit.  In Asia-Pacific, it's really pushing the market. China is expected to remain in the lead for the next five years at least. China is the main distribution area and is expected to lead the global industrial demand for DeNOx systems around the world for at least the next five years. Aboriginal energy companies have their own subsidiaries that provide these systems. For foreign players to develop their activities in China, these branches would constitute a barrier to entry. However, it is possible to take advantage of the huge Chinese market with low prices and better after-sales service. This is due to the availability of a considerable number of oil refineries, capacity expansion, power generation, and metal processing units. North America and Asia-Pacific are the second and third largest markets for DeNOx industrial systems and services.

Impact of COVID-19 on the Industrial DeNOx Systems & Services Market:

The increasing use as a raw material for the manufacture of chemical compounds and the increasing demand from end-use industries and even the unfavorable conditions resulting from the COVID-19 epidemic are the main constraints preventing the growth of the industry. The main factors driving the market studied are the increasing use as a raw material for the manufacture of chemical compounds and the increasing demand from end-use industries.

Industrial DeNOx Systems & Services Market Key Players:

• Mitsubishi Heavy Industries Ltd

• Alstom SA

• Babcock and Wilcox Company

• Flsmidth and Co. A/S

• Babcock Noell Gmbh

• Burns and Mcdonnell, Inc

• China Environment Ltd

• Doosan Power Systems Ltd

• Fuel Tech, Inc.

• Haldor Topse A/S