TechNavio today launched its report, Global Nitrogen Oxide (NOx) Control Equipment in Power Plants Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”There is a steady increase in the entry barriers in the market because of the high competition prevailing in the market. Several international and regional vendors are present in the market. These players have good presence in the market and hold huge market shares, making it difficult for new players to enter the market. Moreover, the requirement of high initial investment acts as a huge barrier for new entrants. Thus, the threat of new entrants in the market is average. This positively impacts the existing players in the market.”
According to the report, one of the major drivers is the strict environmental regulations. Nitrogen Oxide (NOx) gases emitted from power plants react with other compounds in the atmosphere to form ozone, nitric acid, and other nitrate particles that are injurious to the environment and pose a severe threat to the balance of nature. Therefore, several governments across the globe are increasingly formulating various regulations to control the emission of NOx gases from power plants and other sources.
Further, the report reveals one of the major challenges is the maturity of this market in developed countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-nitrogen-oxide-nox-control-equip…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Nitrogen Oxide (NOx) Control Equipment in Power Plants Market 2011-2015
