Global Industrial DeNOx Systems Market, By Type (Selective Non-Catalytic Reduction, Selective Catalytic Reduction, New Installation), Application (Waste Incineration Plants, FCC Units in Refineries, Calcination Plants, Nitric Acid Plants, Power Plants, Cement Plants, Gas Turbines, Steel Mills, Others) – Industry Trends and Forecast to 2029.
Industrial deNOx systems Market Analysis and Size
The major growth driver of the global industrial deNOx systems market is the stringent government regulations to prevent the environment from polluting elements such as Ozone, Carbon Monoxide, nitrogen, and antioxidants. Furthermore, under the Clean Air Act, the U.S. Environmental Agency (EPA) has set the primary and secondary National Ambient Air Quality Standards (NAAQS) for six main pollutants, specifically, Particulate Matter, Lead, Carbon Monoxide, Nitrogen Dioxide, Ozone, and Sulphur dioxide. Moreover, Improvements in technology related to the facilities and reagents associated with industrial deNOx systems will further contribute to the market growth during the forecast period.
Data Bridge Market Research analyses that the industrial deNOx systems market is expected to undergo a CAGR of 6.10% during the forecast period. This indicates that the market value, which was USD 6,550 million in 2021, would rocket up to USD 10,518.76 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial deNOx systems Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Selective Non-Catalytic Reduction, Selective Catalytic Reduction, New Installation), Application (Waste Incineration Plants, FCC Units in Refineries, Calcination Plants, Nitric Acid Plants, Power Plants, Cement Plants, Gas Turbines, Steel Mills, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Alstom (France), Babcock & Wilcox Enterprises, Inc. (U.S.), Mitsubishi Hitachi Power Systems, Ltd. (Europe), Bilfinger Noell GmbH (Germany), Burns & McDonnell (U.S.), Doosan Power Systems (U.K.), FLSmidth (Denmark)., Fuel Tech Inc. (U.S.), Fuel Tech (U.S.), Topsøe (Denmark), General Electric (U.S.), China Environment Ltd, (China), ANDRITZ (Austria), AREVA S.A. (France), Ducon Infratechnologies Ltd. (India)
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Market Opportunities
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Market Definition
DeNOx System is the facility or system to remove the nitrogen oxide (NOx), which is the primary material causing photochemical smog and acid rain. NOx reduction technology can be classified into three fields: enhancement of combustion conditions, post-combustion denitrification and Pre-combustion denitrification.
Global Industrial deNOx systems Market Dynamics
Drivers
- Rising demand of industrial deNOx systems in several industries
The flue gas treatment systems are generally installed in iron and steel, non-ferrous metal processing, power generation, chemical, cement manufacture, and other industries. The coal-fired plants emit a large amount of pollutants; hence, the power generation industry has the hig demand for industrial flue gas treatment systems. The power generation sector is anticipated to drive the growth of the industrial DeNOx systems market.
- Increasing Awareness of NOx Emissions
NOx Emissions are produced when fuel is burned at high temperatures. Industrial boilers, cement kilns, trucks, boats, gas turbines are most common emitters. Decreasing the NOx emissions has been proven to lower risks of related respiratory conditions. Also, NOx reduction has a direct impact on acid rain formation and decreases SMOG and their harmful consequences to the environment. Thus, this awareness led to high increase of deNOx systems demand.
- Rising demand in healthcare sector
The constantly increasing demand of industrial deNOx systems for the purification process in the healthcare and medical sector has been increasing the sales of industrial deNOx systems which are expected to drive the revenue growth of the industrial deNOx systems market
Opportunities
- Increasing demand of selective catalytic
The demand of selective catalytic is increasing among other counterparts. It is an important technology which is used to regulate the industrial plant emissions of post-combustion nitrogen oxide (NOx). Selective catalytic reduction is the process in which a reducing agent used to decrease the emission of NOx. The major selective catalyst is ammonia, this decrease NOx in the presence of oxygen and a catalyst. Ammonia is blended and pumped with NOx in an exhaust gas stream. This segment will create immense opportunities for the market growth rate during the forecast period of 2022-2029.
Restraints/Challenges
- Limited Usage of deNOx system in automotive industry
The use of deNOx system in heavy vehicles at high exhaust mass flow rate is not possible because of the requirement of a large CAT produced with precious metals that hugely increase the expenditure. Therefore, deNOx system applications are limited to the small car due to their low exhaust mass flow rate, package feasibility and reduced costs. This is one of the major factors that restrained the market's growth during the forecast period.
- Increasing environmental concern
However, the production of Industrial deNOx systems uses large amount of electricity and needs sophisticated and large equipment to purify, separate and store these gases, which represents a problem to the steady growth of the Industrial deNOx systems Market in the market.
This industrial deNOx systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial deNOx systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Industrial DeNOx Systems Market Scope
The industrial deNOx systems market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Selective Non-Catalytic Reduction
- Selective Catalytic Reduction
- New Installation
Application
- Waste Incineration Plants
- FCC Units in Refineries
- Calcination Plants
- Nitric Acid Plants
- Power Plants
- Cement Plants
- Gas Turbines
- Steel Mills
- Others
Industrial DeNOx Systems Market Regional Analysis/Insights
The industrial deNOx systems market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the industrial deNOx systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial deNOx systems market in terms of market share. This is due to the demand for DeNOx systems in several industries for various applications such as waste incineration plants, cement plants, power plants, gas turbines, nitric acid plants, and FCC units in refineries region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the increase in industrialization and rise in the demand industrial deNOx systems in power plant applications in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial DeNOx Systems Market Share Analysis
The industrial deNOx systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial deNOx systems market.
Some of the major players operating in the industrial deNOx systems market are:
- Alstom (France)
- Babcock & Wilcox Enterprises, Inc. (U.S.)
- Mitsubishi Hitachi Power Systems, Ltd. (Europe)
- Bilfinger Noell GmbH (Germany)
- Burns & McDonnell (U.S.)
- Doosan Power Systems (U.K.)
- FLSmidth (Denmark)
- Fuel Tech Inc. (U.S.)
- Fuel Tech (U.S.)
- Topsøe (Denmark)
- General Electric (U.S.)
- China Environment Ltd, (China)
- ANDRITZ (Austria)
- AREVA S.A. (France)
- Ducon Infratechnologies Ltd. (India)
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