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Nitrogen -Oxide (Nox) Control Equipment in Power Plants
Nitrogen -Oxide (Nox) Control Equipment in Power Plants
This report gives detailed information on the global Nox control equipment market. Revenues for the global Nox control market, regional and country level breakdown, pricing analysis, distribution channel analysis, technology trends along with market share analysis are also provided.
Hyderabad,
AP,
India
(prbd.net)
15/12/2010
Increase in the electricity installed capacity of developing and developed countries and a strong demand for more electrical energy from industrial and commercial sectors, along with stringent environmental regulations is driving the demand for NOx control equipment. Considering the huge size of the market, not many technological or product innovations have been seen in recent years. This may be because the market for NOx control equipment is a matured one. However, demand from emerging economies such as China, India, Latin America, and Eastern Europe has helped the market achieve significant revenue growth. The development in these economies is likely to be sustained during the forecast period of this study and hence the market for NOx control equipment is expected to show growth potential.
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Revenues for the NOx control market in 2010 were $2,750.8m. The market is expected to grow by a compound annual growth rate (CAGR) of 5.3% over the forecast period. It is expected to grow faster in Asia Pacific, Latin America, and Rest-of-World regions than North America and Europe, due to the consistent and growing demand for electrical energy needed to fuel their economic development requirements. The market for NOx control equipment in the Asia Pacific region, powered by the strong domestic growth in economy in countries such as China, India, Indonesia, South Korea, Thailand and the Philippines, is likely to grow at a CAGR of 6.1%.
The economic slowdown had a debilitating effect on the market because of the decrease in export demand and lack of liquidity and credit facility. Many energy infrastructure projects were abandoned or postponed indefinitely resulting in reduced growth rates. However, many of the emerging economies are expected to return to the growth phase faster than the industrialized nations and an increase in revenue growth of the market is expected.
The total NOx control market is intensely competitive with a large number of highly experienced regional and multinational corporations. Most of the multinational corporations have a sizeable market presence in the predominant markets around the world. They have wide ranging product portfolios to cater to the varying needs of their customers, globally-integrated supply chain and logistics systems, cutting edge product development processes, and highly effective marketing and delivery mechanisms, which helps to increase revenue and market share in this market. However, prominent regional participants are found in each of the geographies studied. They possess excellent technical and functional expertise in their fields, a limited product portfolio, relationship-driven customer-acquisition strategies, and reach out to customers through distributors, resellers, and original equipment manufacturers (OEMs).
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