The Global Nitrogen Oxide Control Systems Market is Estimated to Reach $16,461.4 Million by 2019
The market is estimated to grow from $12,901.7 million in 2014 to $16,461.4 million by 2019, at a CAGR of 5.0% from 2014 to 2019.
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Nitrogen oxides refer to the various binary compounds of Nitrogen and Oxygen. Nitrogen oxide gas abbreviated as NOX is one of the green house gases responsible for global warming. Nitrogen oxides are poisonous and highly reactive gasses. These gases can react with other organic compounds to form various complexes like nitric acid, which are harmful to the environment.
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When fuel is burnt at high temperature the air supplied for combustion contains nitrogen along with oxygen, and these gases react with each other to form NOX gases. Such conditions are prevalent in the high temperature combustion processes in power plants, industrial boilers and turbine. Selective catalytic reduction and selective non catalytic reductions are the methods used to control nitrogen oxide emissions.
NOX gases have hazardous impact on human health and they can cause respiratory diseases when inhaled. Considering the hazardous impact of these gases, various countries have imposed strict emission standards, which are driving the nitrogen oxide control systems market.
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This market is segmented and forecast on the basis of type, application, and geography. In terms of type the market is segmented into selective catalytic reduction (SCR) and selective non catalytic reduction (SNCR). The market is further segmented by application into coal fired generation, gas turbines, incinerators, and industrial power. The major regions covered in this report are the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
This report includes market share and value chain analyses, along with the market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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