Industrial DeNOx Systems and Services Market: Global Segments, Top Key Players, Size and Recent Trends by Forecast to 2024
Global Industrial DeNOx Systems and Services Market: Description
Fossil fuel combustion done for various applications including waste incineration, power generation and industrial furnaces, boilers or kilns leads to emission of harmful NOx gases. At regional and country level there are certain legislations on the emission of such harmful gases in order to curb air pollution. According to these legislations, emission limits have been set for various industries and utilities. This has made the installation and use of a DeNOx service and system mandatory for many industries.
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DeNOx systems and services are generally installed in areas such as coal-fired power plants, gas turbines, natural gas-fired power plants, biomass plants, and in industries such as metal processing units and cement plants. Industries prefer selective non-catalytic reduction (SNCR) over selective catalytic reduction (SCR) in order to save on to the huge initial operation, capital and maintenance cost whereas coal-fired power plants usually install selective catalytic reduction systems for enhanced efficiency.
Global Industrial DeNOx Systems and Services Market: Drivers and Restraints
Stringent emission control regulations, industrialization amidst rigorous regulations in Eastern Europe and China and world’s dependence on natural gas and coal for power generation are the major factors driving the industrial DeNOx systems and service market. Although, there are some factors which restrict the market’s growth such as unfavorable economic conditions and emergence of low-emission alternatives. Even after such restraints the market is expected to grow at a steady rate. Regulations of India and the United Kingdom are expected to favor the market and act as an opportunity for the industrial DeNOx systems and service market.
Global Industrial DeNOx Systems and Services Market: Geographical Dynamics
Industrial DeNOx systems and services for the European market are affected by the investment scenario in segments such as oil refineries capacity expansion, power generation, metal processing units and recent economic crisis. However, in the past few years the Eastern Europe market has performed well. This is primarily owing to the entrance of most countries in this region into the European Union (EU). In 2004 and 2007 EU enlargement accommodated these countries, which now have to abide by the regulations legislated by the EU commission on NOx emission. In addition, there was a major amount of installation done in the United States, amidst strict rules by the United States EPA. The major share of DeNOx systems and services market is held by the Asia-Pacific region. Presently, China is the chief consumer of DeNOx systems and services.
The industrial DeNOx systems and services market is segmented on the basis of type into non-catalytic reduction (SNCR) and selective catalytic reduction (SCR). In addition, the classification of the industrial DeNOx systems and services market is done on the basis of types of technology employed in treating fuel gas in order to reduce NOx gases to essential water and nitrogen. Furthermore, the market is segmented on the basis of applications into utilities and industries.
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The key market players are Alstom SA, Babcock Noell GmbH, Babcock & Wilcox Company, China Environment, Burns & McDonnell, FLSmidth & CO, Doosan Power Systems, Haldor Topsøe, Fuel Tech and Mitsubishi Heavy Industries among others. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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