Industrial DeNOx Systems and Services Market to Witness Exponential Growth by 2024

Industrial DeNOx Systems and Services Market – Snapshot

Industrial DeNOx systems and services are used to limit NOx emissions from a site where coal combustion is utilized to manufacture products or to generate electricity. The industrial DeNOx systems & services market encompasses products that are used to treat flue gases released from industrial plants. These products incorporate two types of DeNOx reduction methods: selective catalytic reduction and selective non-catalytic reduction.

Get Research Report Overview @https://www.transparencymarketresearch.com/industrial-denox-systems-services-market.html

Growth in power generation to drive industrial DeNOx systems & services market

Industrial DeNOx systems are most widely used in coal-fired thermal power plants due to high flue gas emissions from these power plants. Flue gas released by electricity generation units is harmful for the environment and it can cause severe health hazards to people in nearby areas. Industrial DeNOx systems employed at power plants help reduce NOxemissions. This results in better air quality and better health of employees as well as people in the surrounding areas. Though the global power generation industry is witnessing a shift toward renewable sources of energy, thermal electricity is still anticipated to account for a prominent share of the global electricity generation, especially in developing countries of Asia Pacific. Additionally, focus on protection of the environment is anticipated to rise during the forecast period. Moreover, rapid urbanization in developing countries such as China, India, Brazil, Mexico, and countries in ASEAN is likely to drive the overall electricity demand in these countries in the near future. This, in turn, is expected to boost the industrial DeNOx systems & services market in these countries during the forecast period. Thus, increase in overall electricity consumption and high share of coal-fired power plants in electricity generation are expected to fuel the demand for industrial DeNOx systems and services in the next few years.

Industrial DeNOx systems and services play a vital role in curbing air pollution by reducing the amount of NOx gases released into the environment. Industrial DeNOx systems and services help improve the overall site safety and help limit the air pollution caused by flue gas emissions. Environment protection associations all over the globe have stringent rules and regulations against NOx emissions across different industries. Some of these associations include the U.S. Environmental Protection Agency and National Ambient Air Quality Standard (NAAQS).

One of the major restraints of the industrial DeNOx systems & services market is lack of awareness about NOxreduction technologies in developing countries such as South Africa, India, and Mexico. This creates a significant amount of NOxemissions in these countries, resulting in air pollution. For example, several cities in India violate NOxemission standards set by regulatory bodies, due to lack of awareness about industrial DeNOx techniques.

Leading players focusing on geographical expansion

Key players profiled in the industrial DeNOx systems & services market include CECO Environmental Corp., Babcock & Wilcox Enterprises, Inc., GE Power, Yara International ASA, Mitsubishi Hitachi Power Systems, Ltd., Ducon Environmental Systems, Hitachi Zosen Inova AG, ANDRITZ Group, Babcock Noell GmbH, and Tri-Mer Corporation. Collaborations, mergers and acquisitions (M&A), geographical expansion, and development of new products are strategies implemented by major players. For instance, in January 2017, Babcock & Wilcox Enterprises, Inc. acquired Universal Acoustic & Emission Technologies, Inc. for US$ 55 Mn. The acquisition led to expansion of the former’s portfolio of industrial environment systems including gas turbine inlet and exhaust systems, custom silencers, filters, and custom enclosures. Additionally, in September 2015, CECO Environmental Corporation acquired PMFG, Inc. for US$ 120 Mn. The deal significantly strengthened the value proposition of CECO Environmental Corporation, by adding key technologies such as SCR, SNCR, separators, and silencers to its portfolio.

Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=545

Demand for selective catalytic reduction to increase in the near future

Selective catalytic reduction (SCR) is a technology utilized for control of post-combustion nitrogen oxide (NOx) emissions from industrial plants. This technology uses a reducing agent such as ammonia to reduce NOx selectively in the presence of oxygen and a catalyst. Ammonia is injected into the exhaust gas stream and is mixed with NOx. This mixture of ammonia and NOx is passed through a catalyst bed, wherein a large amount of NOx reacts with the catalyst. Adsorbed ammonia decomposes into diatomic nitrogen and water molecules, thereby reducing the NOxlevel in the exhaust gas. In terms of value, the selective catalytic reduction segment accounted for a significant share of the global industrial DeNOx systems & services market in 2017, due to the superior cost-to-performance ratio offered by selective catalytic reduction DeNOx systems.

Developing economies to present opportunities for Industrial DeNOx systems & services market

In terms of volume, Asia Pacific and North America are leading regions of the global industrial DeNOx systems & services market. In terms of value, the market in Asia Pacific is projected to expand at a substantial pace during the forecast period, followed by Middle East & Africa and Latin America. The market in Latin America is estimated to expand considerably during the forecast period, owing to rise in the industrialization and increase in the demand for these systems in power plant applications in the region. The market in India, ASEAN, Japan, and China is anticipated to expand at a significant pace in the next few years, due to increase in the demand for DeNOx systems in these countries for use in various applications such as power plants, gas turbines, waste incineration plants, cement plants, nitric acid plants, and FCC units in refineries.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,

Albany

NY – 12207

United States

Tel: +1-518-618-1030

USA – Canada Toll Free 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

As SEO Analyst in Research Moz my primary responsibilities are SEO, Website Optimization, Digital Marketing and Lead Generation.