nitrogen -oxide (nox) control equipment in power plants

1. Nitrogen -Oxide (Nox) Control Equipment in Power Plants - Global Market Size, Equipment Market Share and Competitive Landscape Analysis to 2020

2. Market Opportunities 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. Revenue Forecasts 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

3. 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. Conclusions 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).

4. The current economic slowdown has affected the NOx control market and has exposed many companies that are financially constrained to sustain their growth. This may lead to possible acquisitions or consolidation in the market. Moreover, many companies are seen joining hands with each other through strategic alliances and joint ventures to tap the potential existing in different regional markets. This might turn out to be a viable method through which companies can expect to stay in the market and grow amidst market uncertainties. The NOx control market is witnessing a trend of decrease in the rate of growth in industrialized countries partly because of the slowing down of their economies. On the other hand, the rate of growth in developing and emerging economies has shown an increasing trend every year. This may augur well for manufacturers who are better equipped with a global approach to business strategy, to cater to the wide and varying NOx control product needs of these countries. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Nitrogen-Oxide-Nox-Control-Equipment-in-Power-Plants-Global-Market-Size-Equipment-Market-Share-and-Competitive-Landscape-Analysis-to-2020&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Power_Generation

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