Industrial DeNOx Systems and Services Market Size, By Technology (Selective Catalytic Reduction (SCR), Selective Non-Catalytic Reduction (SNCR), Low NOx Burners), By Application (Power Plants, Industrial Boilers, Cement Plants, Chemical Plants, Refineries), By Services & Forecast, 2024 – 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
Industrial DeNOx Systems and Services Market Size, By Technology (Selective Catalytic Reduction (SCR), Selective Non-Catalytic Reduction (SNCR), Low NOx Burners), By Application (Power Plants, Industrial Boilers, Cement Plants, Chemical Plants, Refineries), By Services & Forecast, 2024 – 2032
Industrial DeNOx Systems and Services Market Size
Industrial DeNOx Systems and Services Market was valued at USD 7.9 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032, attributed to the growth of industrial sectors and a heightened focus on emission reduction. Industries such as power generation, manufacturing, and transportation are expanding globally, leading to increased nitrogen oxide (NOx) emissions. To meet strict emission regulations and reduce environmental impact, these industries are investing in DeNOx systems and services, driving market growth and the adoption of cleaner technologies.
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The industrial DeNOx systems and services market is witnessing growth due to ongoing advancements in DeNOx technologies and a focus on energy efficiency. These advancements lead to more efficient and cost-effective DeNOx systems, aligning with industries' goals of reducing nitrogen oxide (NOx) emissions while optimizing energy usage. Companies are investing in innovative solutions, such as high-efficiency catalysts and advanced control systems, driving the adoption of DeNOx technologies across various sectors.
Report Attribute | Details |
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Base Year | 2023 |
Industrial DeNOx Systems & Services Market Size in 2023 | USD 7.9 Billion |
Forecast Period | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR | 8% |
2032 Value Projection | USD 16.3 Billion |
Historical Data for | 2021 - 2023 |
No. of Pages | 260 |
Tables, Charts & Figures | 300 |
Segments covered | Technology, Application and Services |
Growth Drivers |
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Pitfalls & Challenges |
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Though regulatory uncertainties pose barriers, they significantly shaped the development of DeNOx technologies by driving innovation toward adaptable and scalable solutions. Companies focus on creating systems that can easily adjust to varying emission limits and pollutant concentrations, ensuring compliance with evolving regulations. This uncertainty also prompts research and development efforts to prioritize flexibility and efficiency to develop technologies that can meet future regulatory requirements. Ultimately, regulatory uncertainties spur the industry towards more innovative and versatile DeNOx solutions.
Industrial DeNOx Systems and Services Market Trends
The industrial DeNOx systems and services industry is propelled by the increasing demand for selective catalytic reduction (SCR) systems. Industries worldwide are seeking effective solutions to reduce nitrogen oxide (NOx) emissions, driving the adoption of SCR technology. Additionally, the trend towards tailored DeNOx solutions is shaping the market. Companies offering customized systems to meet specific industry needs are in high demand, reflecting a market that values efficiency, compliance, and tailored emission control solutions.
Industrial DeNOx Systems and Services Market Analysis
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Based on technology, the selective catalytic reduction (SCR) segment is projected to exceed USD 6 billion by 2032, driven by SCR's effectiveness in reducing nitrogen oxide (NOx) emissions from industrial sources. By employing a catalyst to convert NOx into harmless nitrogen and water vapor, SCR systems provide a reliable and efficient solution for meeting stringent emission regulations. Industries worldwide rely on SCR technology for its proven track record in achieving environmental compliance and reducing pollution.
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Based on application, the power plants aircraft segment held around 42% share of the industrial DeNOx systems and services market in 2023, owing to the power plants' significant contribution to nitrogen oxide (NOx) emissions. With stringent environmental regulations, power plants rely on DeNOx systems to reduce NOx emissions effectively. These systems, such as selective catalytic reduction (SCR) and non-catalytic reduction (SNCR), play a crucial role in meeting emission standards. As power generation remains a vital industry, the demand for DeNOx systems continues to grow, solidifying the segment's leading position in the market.
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Asia Pacific region dominated 33% share of the industrial DeNOx systems and services market in 2023, fueled by its booming industrial sector and stringent emission regulations. With a surge in power plants, refineries, and manufacturing facilities, the region faces a pressing need for NOx reduction. This demand has propelled the adoption of DeNOx systems, particularly in China, India, and Japan.
Moreover, the U.S. maintained a significant share in this vital environmental market, driven by stringent emission regulations and a robust industrial sector. With many power plants and refineries, the country faces a pressing need to reduce nitrogen oxide (NOx) emissions. This demand has propelled the adoption of DeNOx systems, particularly SCR and SNCR technologies. The United States' emphasis on environmental compliance and technological innovation underscores its substantial presence in this market.
Also, South Korea, Japan, France, Germany, the U.K., Canada, the Netherlands, the UAE, and Saudi Arabia have gained significant shares of the industrial DeNOx systems and services industry. Their investments in emission reduction technologies, particularly selective catalytic reduction (SCR) and non-catalytic reduction (SNCR) systems have fueled their industry presence. With a focus on environmental sustainability and compliance, these nations have become significant contributors to the adoption of DeNOx solutions across various industries, ensuring cleaner air and regulatory compliance.
Industrial DeNOx Systems and Services Market Share
Mitsubishi Power and Johnson Matthey hold a significant market share of over 19% in the industrial DeNOx systems and services industry. These players are broadening their market presence through strategic acquisitions and technological innovations. By acquiring specialized firms with expertise in selective catalytic reduction (SCR) and non-catalytic reduction (SNCR) systems, they diversify their product portfolios and enter new market segments. Additionally, partnerships with research institutions and investment in R&D enable them to develop advanced DeNOx technologies. These initiatives enhance their market reach and drive innovation in emission control solutions, catering to the evolving needs of industries worldwide.
Moreover, companies are investing in customer-centric approaches, offering tailored DeNOx solutions for different industries, such as power generation, refineries, and chemical plants. Customized services, including system design, installation, and maintenance, strengthen customer relationships and foster long-term partnerships. Furthermore, they are expanding their global footprint by establishing regional offices and distribution networks and providing localized support and services. These strategic moves increase their market share and solidify their positions as trusted providers of DeNOx systems and services.
Industrial DeNOx Systems and Services Market Companies
Major players operating in the industrial DeNOx systems and services industry are
- Babcock & Wilcox Enterprises, Inc.
- BASF SE
- CECO Environmental
- Doosan Babcock
- Hitachi Zosen Inova
- Johnson Matthey
- Mitsubishi Power
- Nalco Water
- SAACKE Group
- Yara International
Industrial DeNOx Systems and Services Unit Industry News
- In February 2024, ANDRITZ secured an order from TPC Group for an advanced NOx abatement system. This system is a selective catalytic reduction (SCR) system and will be installed at the power boiler in Houston, TX, USA, to reduce nitrogen oxide (NOx) emissions.
- In March 2024, Hitachi Zosen and Nippon Yusen Kabushiki Kaisha's joint proposal, "Development of an N2O Reactor for an Ammonia-Fueled Ship," received support from Japan’s Green Innovation Fund. Selected by NEDO as a “Next-Generation Ship Development,” the project aims to create a catalytic N2O removal system for ammonia-fueled ships.
This industrial DeNOx systems and services market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments
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Market, By Technology
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
Market, By Application
- Power Plants
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
- Industrial Boilers
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
- Cement Plants
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
- Chemical Plants
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
- Refineries
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
- Others
- Selective Catalytic Reduction (SCR)
- Selective Non-Catalytic Reduction (SNCR)
- Low NOx Burners
- Others
Market, By Services
- Installation and engineering services
- Maintenance and repair services
- Replacement and retrofit services
- Consulting and advisory services
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
Table of Content
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