Industrial DeNOx Systems & Services Market - Forecast (2022 - 2027)

The Industrial DeNOx Systems & Services Market is forecast to reach $9.8 billion by 2027, after growing at a CAGR of 6.1% during 2022-2027. Driven by tight restrictions in developing countries and increasing demand in emerging markets, the global market is growing at a substantial pace. Growing investments in end-user industries, such as thermal power plants, cement, metal processing units, paper and pulp, etc., would also drive development. The global demand for SNCR systems is rising increasingly as the number of industrial boiler applications is growing.

Report Coverage

The “Industrial DeNOx Systems & Services Market report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Industrial DeNOx Systems & Services Market.

• By Type: Selective Catalytic Reduction (Scr), Selective Non-Catalytic Reduction (Sncr).
• By Application: Utilities, Industry and Others.
• By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• In main countries such as India and the U.K., there are currently no direct controls on industrial NOx pollution. With legislation in place, the main buyer in the industrial DeNOx systems and industry will be the massive coal-fired power generation sector in these countries. Much of the U.K. plants by adding primary control systems such as low NOx burners, they control NOx emissions. The European Union Industrial Emission Directive (ICD) can mandate the installation of secondary NOx control systems such as SCR or SNCR at plants in the United Kingdom. To monitor NOx emissions below 200 mg/Nm3 after 2016.
• In 2017, the global chemical industry increased by 3.5 percent, according to BASF Group, and the European Union expanded by 3.8 percent at a much faster pace due to rising demand from local factories and higher exports. The US chemical industry increased by 3.7 percent in 2017 and is forecast to rise by 4.5 percent in 2018, according to the American Chemistry Council, and the business is expected to produce USD 1 trillion in sales by 2020. These reasons above indicate that the world's chemical factories are rising and will boost the market for Industrial DeNOx Systems & Services.

The growing use as feedstock for the manufacture of chemical compounds and increasing demand from the end-use industries and even unfavorable conditions resulting from the COVID-19 outbreak are the key constraints that impede the growth of the industry. The main factors driving the studied market are the increasing use as feedstock for the manufacture of chemical compounds and increasing demand from the end-use industries

Industrial DeNOx Systems & Services Market Segment Analysis - By Type

The selective catalytic reduction (SCR) segment is the largest application segment of the global Industrial DeNOx Systems & Services Market, in terms of value and volume in 2019. Selective catalytic reduction (SCR) is a technology used to regulate industrial plant emissions of post-combustion nitrogen oxide (NOx). In the presence of oxygen and a catalyst, this technology uses a reducing agent such as ammonia to selectively decrease NOx. In the exhaust gas stream, ammonia is pumped and is blended with NOx. A catalyst bed is moved into this combination of ammonia and NOx, where a significant quantity of NOx reacts with the catalyst. Adsorbed ammonia decomposes into molecules of diatomic nitrogen and water, thus reducing the exhaust gas's NOx level. In terms of volume, owing to the superior cost-to-performance ratio provided by selective catalytic reduction DeNOx systems, the selective catalytic reduction segment accounted for a large share of the global industrial DeNOx systems & services market in 2017.

Industrial DeNOx Systems & Services Market Segment Analysis - By Application

The industry segment is the largest application segment of the global Industrial DeNOx Systems & Services Market, in terms of value and volume in 2019, by growing at a CAGR of 5.5% during the forecast period. In the power generation, chemical, cement manufacturing, iron and steel, non-ferrous metal processing and other industries, flue gas treatment systems are commonly installed. High concentrations of contaminants are emitted from coal-fired plants and the power generation industry has the largest use of industrial flue gas treatment systems. The industrial DeNOx systems demand for industrial flue gas treatment systems for the forecast timeframe is expected to be dominated by the power generation industry. The demand for DeNOx systems and facilities is motivated by the growing stringency of legislation on emissions of NOx gases from factories. The main end user of the devices is electricity generation. This can be due to the fact that power plants use selective catalytic reduction (SCR) systems that are highly efficient and capital expensive for the management of NOx at the end of the tubing.

Industrial DeNOx Systems & Services Market Segment Analysis - By Geography

APAC dominated the Industrial DeNOx Systems & Services Market share with more than 43.3%, followed by North America and Europe. China's 12th Five Year Plan has set out a holistic plan to monitor toxic gas emissions such as SO2, NOx, particulate matter, etc. Utilities and factories are allowed under the law to install sufficient equipment to monitor the emission of these gases below the stipulated limit. In Asia-Pacific, this indeed pushes the market. It is expected that China will stay at the top for the next five years at least. China is the main distribution area and is projected to lead the global industrial demand for DeNOx systems worldwide for at least the next five years. The indigenous power companies have subsidiaries of their own which supply these systems. For foreign players to expand their business in China, these branches would be an entry hurdle. It is however, possible to tap the tremendous Chinese market with low prices and improved after-sales support.

Industrial DeNOx Systems & Services Market Drivers

Increasing Demand

Increasing growth in the purification of flow gas using ammonia solution, ammonium sulphates, activated carbon, urea, granulated sulphur and flocculation and precipitation water purification, acid, water softener, ion exchangers, pH modification, the demand for the global DeNOx device and service market 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 steady growth, as it operates as traditional power plants that burn biomass, waste coal and oil, as for cement plants and waste incinerators. Technological development and creativity in the reagents and facilities associated with the DeNOx method can further fuel business growth. In addition, the treatment of flue gas would also require this facility, which is projected to boost demand in the coming years for the global industrial DeNOx system and service industry.

Industrial DeNOx Systems & Services Market Challenges

Unfavorable economic conditions

In addition, the demand development of Industrial DeNOx Systems and Services is hindered by unfavorable economic conditions and the increase of non-emissive raw materials and the lack of availability of active ingredients. A lack of understanding of NOx mitigation technology in developing countries such as South Africa, India and Mexico is one of the main constraints of the industrial DeNOx systems & services industry. This produces in these countries a large number of NOx emissions, resulting in air pollution. For example, because of a lack of knowledge of industrial DeNOx techniques, many cities in India breach the NOx pollution requirements imposed by regulatory bodies.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Industrial DeNOx Systems & Services Market. In 2019, the market of Industrial DeNOx Systems & Services has been consolidated by the top five players accounting for xx% of the share. Major players in the Industrial DeNOx Systems & Services Market are Mitsubishi Heavy Industries Ltd, Alstom SA, Babcock & Wilcox Company, Flsmidth & Co. A/S, Babcock Noell Gmbh, Burns & Mcdonnell, Inc, China Environment Ltd, Doosan Power Systems Ltd, Fuel Tech, Inc., Haldor Topse A/S, and among others.

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