- The major vendors in the Global Selective Catalytic Reduction Systems for Coal Fired Plants Market include Alstom SA, Babcock Noell GmbH, FLSmidth & Co. A/S, Mitsubishi Heavy Industries Ltd. and The Babcock & Wilcox Company.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Selective Catalytic Reduction Systems for Coal Fired Plants Market 2014-2018. One major trend emerging in this market is rapid technological advancements in the SCR system. Nowadays, many industries are trying to develop catalysts that can address two pollutants in addition to NOx emissions.
An SCR system injects ammonia into the boiler flue gas and passes it through a catalyst bed, where the ammonia and NOx gas react to form nitrogen and water vapor. In this process, the NOx reduction takes place as the flue gas passes through a catalyst chamber. It is a post-combustion technology that is used in coal-burning applications to reduce the harmful NOx emissions being released into the atmosphere. These systems ultimately reduce flue gas and NOx to nitrogen gas and water.
“Many market vendors are investing in new technologies or upgrading their current production facilities to sustain their position in a highly competitive market scenario,” says Faisal Ghaus, Vice President of TechNavio Research.
“Increasing investments and global competition are expected to have a positive impact on the growth of the Global SCR Systems for Coal-fired Plants market during the forecast period of 2013-2018.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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