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The Selective Catalytic Reduction (SCR) Systems Market for Coal-fired Plants size is forecast to increase by USD 1.07 billion, at a CAGR of 6.42% between 2023 and 2028. The market's growth is contingent on various factors, including stringent regulations for emission control, advancements in power generation technology, and the accessibility of coal at affordable prices. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
The APAC market is driven by nations like China, India, and Japan, attributed to their substantial installed capacity for coal-fired power generation. Andritz AG provides selective catalytic reduction systems for coal-fired plants through its subsidiary, ANDRITZ Air Pollution Control. Babcock Power Inc. also offers selective catalytic reduction systems for coal-fired plants, addressing the intricacies associated with the design and operation of coal-fired power plants, particularly in terms of air pollution control systems.
Market Forecast 2024-2028
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The market is driven by increasing energy demand amid industrialization. Stringent energy efficiency standards and government regulations on NOx and CO emissions propel the adoption of SCR systems in power plants, cement, metal, and manufacturing industries. Clean energy initiatives, along with the need for compliance assurance monitoring, address challenges related to marine pollution, climate change, and sustainable fishing practices. The SCR Systems Market plays a crucial role in curbing emissions and meeting environmental standards, reflecting a growing trend toward cleaner and more sustainable industrial operations. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The global imperative in all nations is to address concerns related to energy demand, industrialization, and the necessity for energy efficiency standards to mitigate nitrogen emissions and support clean energy initiatives. Electricity generation, a significant contributor to carbon dioxide emissions and high energy consumption, is undergoing technological enhancements aimed at reducing carbon emissions and saving energy. The power generation sector, a major consumer of coal, relies on subcritical boiler technology with an efficiency of nearly 30%, endorsed by organizations like the International Energy Agency (IEA) for its role in mitigating carbon dioxide emissions through easy and cost-effective installation.
Furthermore, the adoption of supercritical boiler technology in coal-fired power plants is on the rise, boasting higher operational efficiency and achieving thermal efficiencies of about 40%, albeit with the drawback of necessitating substantial capital investments for installation. Therefore, it is positively impacting the SCR systems for the coal-fired plants market. Hence, such factors are driving the market growth during the forecast period.
The stringent environmental regulations have made NO emission control from coal-fired plants a universal criterion for choosing the plant site and licensing. Therefore, technologically advanced systems are being developed to ensure that coal-fired plant operators comply with stringent regulations. For example, one of the major drawbacks of SCR systems is ammonia slip, where unreacted ammonia might slip through the SCR catalyst due to over-injection, thus adding to the operations and maintenance (O&M) cost of the system.
Therefore, companies such as MITSUBISHI HEAVY INDUSTRIES LTD. have been offering advanced SCR system designs. In addition, the company offers its proprietary Zero Slip ammonia SCR system and mercury oxidation capabilities, which permit more than 90% capture of flue gas from NO exhaust. Furthermore, the company's patented hood design with no turning vanes eliminates ash accumulation on the catalyst. Therefore, it is positively impacting the selective catalytic reduction systems for the coal-fired plants market. Hence, such factors are driving the market growth during the forecast period.
Stringent regulations on the minimization of NO emissions from coal-fired plants have compelled operators globally to consider the adoption of various NO control technologies, including low NO combustion technologies (viz. low NO burners and overfire air systems) or post-combustion technologies (namely SCR and SNCR). Therefore, there has been a rising popularity of SCR systems for the reduction of NO emissions globally.
Even though SCR systems can reduce NO emissions by up to 90%, the deployment of SCR technology involves high initial costs. For example, the capital cost of an SCR system is 50% more than that of an SCNR system and 500% higher than that of low-NO burners. In addition, the operational and maintenance costs of an SCR system are 400% higher, while the reagent cost is 60% higher than in an SCNR system. Hence, such factors are hindering the market growth during the forecast period.
The large-scale power plant segment is estimated to witness significant growth during the forecast period. Large-scale coal-fired plants segment have a capacity greater than 300 MW. In addition, large-scale coal-fired plants generally supply power to the grid. Furthermore, these plants reduce the costs per unit of power generated as the cost gets spread over a large base.
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The large-scale power plant segment was the largest segment and was valued at USD 1.62 billion in 2018. Moreover, this results in an economically favorable situation for power plant owners, particularly in Asian countries such as India, where the demand for energy has grown significantly owing to economic development. For example, in May 2023, the National Thermal Power Corporation Limited (NTPC) marked its first overseas capacity addition in Bangladesh. In addition, the Group recently added the 660-MW Unit-1 of the 1,320 MW (2x660) Maitree Super Thermal Power Plant (MSTPP), located in Rampal, Mongla, Bagerhat, Bangladesh. Furthermore, the new expansion takes the installed capacity of NTPC to 72,304 MW. Hence, large-scale coal-fired plants are being commissioned globally to meet the rising energy demand. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the type, the market has been segmented into DeNOx and DeSOx. The DeNOx segment will account for the largest share of this segment. Due to stringent government rules and regulations to protect the environment from various polluting and hazardous elements including carbon monoxide, the adoption of DeNOx systems is on the rise. For instance, under the Clean Air Act, the US Environmental Protection Agency (EPA) has established primary and secondary National Ambient Air Quality Standards (NAAQS) for six pollutants, which are carbon monoxide, nitrogen dioxide, ozone, particulate matter, lead, and sulfur dioxide. Therefore, more stringent regulations are forcing many coal-fired plants to install DeNOx systems in their plants to minimize nitrogen emissions. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 61% to the growth by 2027. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In APAC, China is the major consumer of coal, accounting for more than half of the world's consumption since 2011, and according to the International Energy Agency, this share is increasing every year. In addition, this is expected to increase with the launch of new and advanced coal capacity in major coal mining regions such as Shanxi, Shaanxi, Inner Mongolia, and Xinjiang. Moreover, China has increased its coal imports from Russia, Mongolia, and Indonesia after Beijing stopped allowing any coal cargo from Australia to pass customs clearance in the fourth quarter of 2020. Furthermore, Southeast Asian countries have been constructing new coal-fired plants, thereby driving the demand for coal-fired power generation in the region. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE: The company offers selective catalytic reduction systems for coal fired plants such as AdBlue used in automotive, transportation, and air quality.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
CECO Environmental Corp., CORMETECH Inc., Doosan Corp., Ducon, Durr AG, Faurecia SE, Hitachi Zosen Corp., Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rochling SE and Co. KG, Tenneco Inc., Yara International ASA, Bosal Nederland BV, Burelle SA, DEC marine AB, and Fuel Tech Inc.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028.
The Market is witnessing significant growth, driven by global industrialization and the increasing emphasis on energy efficiency standards. Government regulations, such as those set by the United States Environmental Protection Agency (EPA) and compliance assurance monitoring (CAM) processes, play a pivotal role. The market is characterized by technologically sophisticated SCR systems, offering energy optimization and management in various industries like cement, metal, and manufacturing. SCR systems address environmental concerns, reducing NOx and CO emissions, aligning with clean energy initiatives and contributing to sustainable development.
The maritime sector benefits from SCR systems, ensuring marine pollution control, climate change mitigation, and sustainable fishing practices. With applications in utility boilers and thermal power generation, SCR systems support global infrastructural development and the International Monetary Fund's efforts in developing countries, ensuring a reliable and continuous electricity supply. The selective catalytic reduction system market for coal-fired plants is influenced by environmental impact assessments (EIA) and electricity demand, particularly in industries like cement and metal manufacturing. The focus on reducing emissions of NOx, CO, and particulate matter (PMS) drives the demand for SCR systems. Challenges such as supply chain disruptions, construction activities, and pollution levels impact industrial facilities. The catalyst performance is crucial for efficient NOx reduction in coal-fired plants, making SCR systems essential components for environmental compliance and sustainable industrial operations.
As the market grows, there's a focus on mitigating environmental hazards, including severe respiratory and cardiac health issues associated with emissions. SCR systems contribute to resilient and efficient power distribution systems, offering modular and compact catalytic solutions with shorter installation times. Technological advancements drive the adoption of clean and sustainable energy sources like natural gas and renewables, benefiting industries such as refineries and chemical plants. The market aligns with the U.S. Ocean Justice strategy, emphasizing sustainable practices amid accelerated industrialization and pollution concerns, making catalytic technologies pivotal in addressing global energy needs.
The market is crucial for addressing environmental concerns in industries such as the cement, metal, and manufacturing sectors. The deployment of technologically sophisticated SCR systems, as outlined in the Technical Guidance Document (TGD), ensures compliance with environmental impact assessment standards and government regulations, reducing emissions of NOx, CO, and particulate matter (PMS). This not only contributes to a sustainable blue economy and marine conservation but also addresses health issues such as lung cancer associated with pollution. The market's modular and compact catalytic systems enhance efficiency and durability, making them suitable for diverse industrial applications, including maritime security and marine applications. As the demand for clean energy initiatives grows, the SCR systems play a vital role in achieving reliable and continuous electricity supply while promoting a resilient and efficient power distribution system. The catalyst formulations further emphasize the importance of environmentally friendly and efficient technologies in the accelerated industrialization era.
Industry Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.42% |
Market Growth 2024-2028 |
USD 1.07 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.93 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 61% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Andritz AG, Babcock Power Inc., BASF SE, CECO Environmental Corp., CORMETECH Inc., Doosan Corp., Ducon, Durr AG, Faurecia SE, Hitachi Zosen Corp., Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rochling SE and Co. KG, Tenneco Inc., Yara International ASA, Bosal Nederland BV, Burelle SA, DEC marine AB, and Fuel Tech Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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