The global industrial DeNOx systems & services market was valued at around US$ 18 Bn in 2017 and is anticipated to expand at a CAGR of approximately 9.0% during the forecast period, according to a new report published by Transparency Market Research (TMR) titled ‘Industrial DeNOx Systems & Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The global industrial DeNOx systems & services market is driven by factors such as increase in the demand for these systems from power plants. Industrial DeNOx systems are most widely used in coal-fired thermal power plants, due to high flue gas emissions from these plants. Flue gas released from electricity generation units is harmful for the environment and it can cause severe health hazards to people in nearby areas. Industrial DeNOx systems used in power plants help reduce NOx emissions. The industrial DeNOx systems & services market in Asia Pacific is expanding at a significant pace due to increase in the demand for these systems in cement plant applications in the region.
Increase in demand for industrial DeNOx systems and services for use in waste incineration plants
Increase in the number of solid waste incineration plants across developed countries such as Germany, the U.K., and the U.S. is helping these countries get rid of solid municipal waste, which causes several environmental issues. However, waste incineration plants generate high NOx emissions. Industrial DeNOx systems help governments minimize NOx emissions from these plants. Furthermore, increase in the waste generation across the globe and stringent environmental regulations are anticipated to lead to increase in the number of municipal solid waste incineration plants in the next few years. This, in turn, is likely to propel the industrial DeNOx systems & services market in the near future.
Request a COVID-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=12368
A few key players operate in semi-consolidated industrial DeNOx systems & services market
Key players covered in this report are CECO Environmental Corp., Babcock & Wilcox Enterprises, Inc., GE Power, Yara International ASA, Mitsubishi Hitachi Power Systems, Ltd., Ducon Environmental Systems, Hitachi Zosen Inova AG, ANDRITZ Group, Babcock Noell GmbH, and Tri-Mer Corporation. CECO Environmental Corp., Babcock & Wilcox Enterprises, Inc., and Yara International ASA are active players in the global industrial DeNOx systems & services market. These companies operate across the world. This helps them establish control over the entire value chain and sustain their leading position in the market.