Global Nitrogen Oxide Control System Market Seen Soaring 5.8% Growth to Reach USD 7,556.57 Million by 2030, Projects UnivDatos Market Insights
Author: Himanshu Patni
13 April 2024
According to a new report by UnivDatos Market Insights, the Nitrogen Oxide Control System Market is expected to reach USD 7,556.57 Million in 2030 by growing at a CAGR of 5.8%. Nitrogen oxides (NOx) are a group of highly reactive gases that are a major source of air pollution, contributing to the formation of smog, acid rain, and ground-level ozone. These gases are primarily emitted from the combustion of fossil fuels in power plants, industrial facilities, and vehicles. As concerns over air quality and its impact on human health and the environment continue to rise, the demand for effective nitrogen oxide control systems has been growing rapidly worldwide.
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The report suggests that furthermore,stringent government regulations regarding NOx emission areone of the major factors driving the Nitrogen Oxide Control System Market during the forthcoming years. For instance, in February 2024, the U.S. Environmental Protection Agency (EPA) strengthened National Ambient Air Quality Standards (NAAQS) for NOx, limiting it, aiming to protect its population from harmful and expensive health impacts, such as heart attack and premature deaths.
Figure 1: Sources Contributing to PM2.5 emissions in Asia Pacific.
The expanding use of Selective Catalytic Reduction (SCR) is Generating Maximum Traction for Nitrogen Oxide Control Systems in the Market.
Selective catalytic reduction (SCR) stands out as a dominant segment in terms of market share and widespread adoption. The control of nitrogen oxide (NOx) emissions from industrial and utility boilers is a major environmental concern. Various technologies have been developed to reduce NOx, including selective catalytic reduction (SCR), selective non-catalytic reduction (SNCR), low NOx burners, and fuel reburning. Among these technologies, SCR currently holds the dominant share of the NOx control systems market. SCR can achieve NOx reduction efficiencies of up to 90% or higher, making it the most effective technology for meeting stringent emission regulations. Furthermore, SCR systems exhibit broad applicability and can be retrofitted to existing boilers and other combustion sources, as well as integrated into new installations across various industries, such as power generation, cement, chemical, and refining. Additionally, SCR systems can operate over a wide range of temperatures and load conditions, providing flexibility in controlling NOx emissions during varying operational scenarios. These developments along with others demonstrate the significance of SCR NOx control systems in the markets, creating a favorable scenario supporting its growth trajectory throughout the forecast period.
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