A recent report published by Infinium Global Research on the nitrogen
oxide control systems market provides an in-depth analysis of segments and
sub-segments in the global as well as regional nitrogen oxide control systems
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional nitrogen oxide control systems market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global nitrogen oxide
control systems market. According to the report, the global nitrogen oxide
control systems market is projected to grow at a CAGR of 5.4% over the forecast
period of 2019-2025.
Nowadays, changing climate due to air pollution has become a major
problem on the agenda of almost all countries around the world. NOx emissions
have an important share in climate change as compared to other air pollutants,
and specifically, diesel vehicles are one of the most important sources for the
formation of NOx pollutants. The trending and most effective NOx control
technologies are exhaust gas recirculation (EGR), lean NOx trap (LNT) and
selective catalytic reduction of NOx by ammonia (NH3-SCR) and hydrocarbons
(HC-SCR). These technologies help to prevent air pollution and global warming
and thus the world will become more liveable in terms of environment and human
health.
Stringent air pollution controlling regulations are the major
driving factors of the nitrogen oxide control systems market. The demand for
nitrogen oxide control systems is rising due to its wide use in the industrial
and technology sector to control and reduce NOx emissions. It is also used to
control and prevent the emissions of nitrogen oxides from various combustion
surfaces. Furthermore, factors such as growth in the transportation and
construction industry and the expansion of coal-fired and gas-fired power
plants are other driving factors of the market. However, a limited operational
range of nitrogen oxide control systems hampers the global nitrogen oxide
control systems market. Moreover, increasing awareness of pollution control and
advances in pollution control technologies among consumers are anticipated to
provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global nitrogen oxide
control systems market due to an increase in demand for NOx control systems from
the power & energy sector, increasing disposable incomes and growing consumer
awareness about nitrogen oxide emissions in this region. The rapid
industrialization, development of the transportation & construction
industry are driving the market growth in this region. North America is the
second-largest market for nitrogen oxide control systems.
The report on the global nitrogen oxide control systems market covers
segments such as technology, and applications. On the basis of technology, the
sub-markets include selective catalytic reduction (SCR), selective non-catalytic
reduction (SNCR), low NOx burner, fuel reburning, and other technologies. On
the basis of applications, the sub-markets include transportation, industrial
application, energy application, and other applications.
The report provides profiles of the companies in the market such
as Alstom SA, Ducon Technologies Inc., Honeywell International, Inc., The Shell
Group, Babcock & Wilcox Enterprises, Inc., CECO Environmental, John Wood
Group PLC, Fuel Tech, Hamon Corporation, Siemens AG, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the nitrogen oxide
control systems market. Moreover, the study highlights current market trends
and provides forecast from 2019-2025. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
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