Asia-Pacific held the largest share of 50.3% of the Global NOx Control systems market in 2014

Date: 2015-08-15

“Global NOx control systems market is estimated to grow at a CAGR of 4.8% from 2014 to 2019. On the basis of geography, the market is segmented into Asia-Pacific, Europe, Americas, Middle East, and Africa. Asia-Pacific held the largest share of 50.3% of the global NOx control systems market in 2014, followed by Americas. The global NOx control systems market holds a high growth potential owing to various driving factors, for instance stringent air pollution control regulations. The introduction of Mercury and Air Toxics Standards (MATS) by Environmental Protection Agency in the U.S. will provide further growth opportunity to the market.

Among the types of NOx control systems available in the market, Selective non-Catalytic Reaction segment is expected to grow at the higher CAGR of 4.8% from 2014 to 2019. 

The report includes profiles of the leading market players, along with the developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the global NOx control systems market. The Babcock & Wilcox Company (U.S.), Siemens AG (Germany), Hamon Corporation (U.S.), Alstom SA (France), Ducon Technologies Inc. (U.S.), and Mitsubishi Hitachi Power Systems, Ltd. (Japan) are some of the key players engaged in this market.

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