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Industrial DeNOx Systems and Services Market Share

Report ID: GMI9198
Published Date: Apr 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industrial DeNOx systems and services was reached USD 7.9 billion in 2023 and will grow at over 8% CAGR between 2024 and 2032, attributed to the growth of industrial sectors and the heightened focus on emission reduction.

Industrial DeNOx systems and services industry from the elective catalytic reduction (SCR) technology segment is set to exceed USD 6 billion by 2032, driven by its effectiveness in reducing nitrogen oxide (NOx) emissions from industrial sources.

Asia Pacific industrial DeNOx systems and services market held a share of over 33% in 2023 and will expand rapidly by 2032, fueled by its booming industrial sector and stringent emission regulations.

Babcock & Wilcox Enterprises, Inc. , BASF SE , CECO Environmental, Doosan Babcock, Hitachi Zosen Inova, Johnson Matthey, Mitsubishi Power, Nalco Water, SAACKE Group, and Yara International among others.