Market News:Industrial DeNOx Systems & Services Market worth $6.9 Billion by 2019


Posted December 18, 2015 by williamfeders

The Industrial DeNOx Systems & Services market value will grow from an estimated $4,907.8 million in 2013 to $6,946.8 by 2019, with a CAGR of 6.0% from 2014 to 2019.

 
"Industrial DeNOx Systems & Services Market by Type (SCR & SNCR), by Application (Utilities & Industries), by Geography (Asia-Pacific, North America, Europe, & ROW) - Global Trends & Forecast to 2019", defines and segments the global Industrial DeNOx Systems & Services market with analysis and forecasting of the global revenue. The Industrial DeNOx Systems & Services market value will grow from an estimated $4,907.8 million in 2013 to $6,946.8 by 2019, with a CAGR of 6.0% from 2014 to 2019.
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The increasing stringency of regulations on emission of NOx gases from industries is driving the market of DeNOx systems and services. The power generation is the biggest end-user of the systems. This can be attributed to the fact that the power plants use high efficient and capital intensive selective catalytic reduction (SCR) systems for “end of pipe” NOx control.
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The European market for DeNOx systems and services is affected by the recent economic crisis, with no significant investments in sectors such as power generation, oil refineries capacity expansion, metal processing units, etc. However, the market in the Eastern Europe has performed well in the past few years. This is primarily because most of the countries in this region entered the European Union, in the 2004 and 2007 EU enlargement and have to comply the regulations on NOx emission legislated by the EU commission. There was significant number of installations in the U.S., amidst stringent regulations by the U.S. EPA.

The top companies in the industrial NOx control systems and services market include Alstom SA (France), Babcock & Wilcox Co. (U.S.), FLSmidth & Co. A/S (Denmark), Hitachi Ltd. (Japan), and Mitsubishi Heavy Industries Ltd. (Japan). The industrial NOx treatment systems and services industry is focused on development of new technology to address the high cost of SCR systems and low efficiency of SNCR systems simultaneously.

The report identifies different types of secondary NOx control systems namely Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) systems. The report also analyzed the market in different application areas such as utilities and industries across different regions.

Mr. Rohan
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
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Contact Email [email protected]
Issued By William Feders
Phone 1-888-600-6441
Business Address UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India
Country India
Categories Business , Industry , Research
Tags industrial denox services market , industrial denox systems market
Last Updated December 18, 2015