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Nitrogen Oxide Control Systems Market Projected to Cross $28,044 Million by 2025

09-20-2021 05:59 AM CET | Energy & Environment

Press release from: Allied Market Research

Nitrogen Oxide Control Systems Market

Nitrogen Oxide Control Systems Market

Nitrogen oxide (NOx) control systems are used to control and reduce harmful nitrogen oxide emissions released from various sources such as automobiles, power plants, cement industry, and others. Nitrogen dioxide is referred to as an oxide of nitrogen, which reacts with atmospheric gases to form smog and acid rain. It is responsible for formation of fine particles and ground-level ozone, both of which are associated with adverse health effects. Thus, there is a growth in demand for nitrogen oxide control systems, for reducing the emission of nitrogen oxide.

The global nitrogen oxide control systems market is driven by factors such as stringent government regulations and programs, such as the Clean Air Act Amendments of 1990 and the Ozone Transport Region (OTR) NOx Cap and Allowance Trading Program, to reduce nitrogen oxide emission in different industries such as power generation, cement manufacturing, chemicals, and metal processing.

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However, limited operational range of this system is a major performance issue, which is expected to hinder the growth of the global nitrogen oxide control systems market. New developments in pollution control technologies and increase in consumer awareness regarding pollution control are expected to offer growth opportunities to the global nitrogen oxide control systems market.

Nitrogen oxide control systems based on selective catalytic reduction (SCR) technology are in high demand among end users. However, the selective non-catalytic reduction (SNCR) technology is expected to grow at a high CAGR during the forecast period. The SNCR operating and capital costs are lowest among all the NOx reduction methods, and the retrofit is also relatively simpler. In addition, SNCR has low downtime for large- and medium-size units. Furthermore, it is applied with combustion control to ensure higher NOx reduction.

Asia-Pacific was the leading revenue contributor to the global NOx market in 2017, and it is expected to dominate the market during the forecast period. The demand for cement in the construction industry has been growing at a significant rate in the Asia-Pacific region, which has led to increase in emissions of nitrogen oxide into the atmosphere. Cement manufacturing along with transportation is one of the important applications of nitrogen oxide control systems. Likewise, coal-fired power plants have been experiencing high growth rates in countries such as China, India, Vietnam and Japan, further propelling the demand for nitrogen oxide control systems and boosting the growth of the market.

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The key players of this market include CECO Environmental, Ducon Technologies, Inc., Fuel Tech, Honeywell International, Inc., John Wood Group PLC, Mitsubishi Hitachi Power Systems, Ltd., S.A. Hamon, Siemens AG, and the Shell Group. Other players (these players are not profiled in the report, and the same can be included on request) in the value chain include Thermax Limited, Fujian Longking Co., Ltd., and Delphi Technologies.

Key Findings of the Nitrogen Oxide Control Systems Market:

• The selective catalytic reduction segment accounted for two-fifths market share.

• The industrial segment is anticipated to grow at the highest rate in the nitrogen oxide control systems market during the forecast period.

• The Asia-Pacific nitrogen oxide control systems market accounted for nearly half of the market share.

• The LAMEA region is anticipated to grow with the highest CAGR of 7.6% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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