The Report, now available on ASDReports, “Global Nitrogen Oxide (NOx) Control Systems Market by Type (Selective Catalytic Reaction, Non Selective Catalytic Reaction), by Application (Coal-Fired Generation, Gas Turbines, Incinerators, Industrial Power), by Geography - Analysis and Forecast to 2019” is estimated to reach $16,464.1 million by 2019, growing at a CAGR of 4.8% from 2014 to 2019.
The global NOx Control System market is driven by the growth in coal and gas-fired power plants. Coal is the most widely used source of power generation across the world. Coal and gas fuelled power generation accounted for around 60% of the total power generation throughout the globe in 2012. This is a key driver for the NOx control systems industry as coal is one of the largest sources of nitrogen oxide and particulate emission.
The main types of NOx control systems available in the market are Selective Catalytic Reaction and Selective Non Catalytic Reaction. Selective Catalytic Reduction (SCR) segment holds the largest share in the global NOx control systems market and is expected to reach a market value of $14,663.2 million by 2019, growing at a CAGR of 4.8% from 2014 to 2019.
The market has been analyzed for major regions, such as Asia-Pacific, Americas, Europe, Middle-East, and Africa. Industrial air quality control system manufacturers, distributors, and suppliers are the main end-users of the global NOx systems market.
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Source: ASDReports - Market Research
Date: Nov 17, 2016