Nitrogen Oxide Control Systems Market Projected To Cross $28,044 million by 2025
The key players of this nitrogen oxide control systems market include:
Ducon Technologies, Inc.
Honeywell International, Inc.
John Wood Group PLC
Mitsubishi Hitachi Power Systems, Ltd.
The following are the regions covered in this report.
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
Key points of the report
Transportation segment held a major share, contributing nearly half of the total market revenue. This is attributed to the rise in demand for NOx control systems to reduce emission of hazardous components and elements in vehicles. This application would maintain its lead position by 2025. However, industrial application segment would register the highest CAGR of 7.6% from 2018 to 2025 due to the growing awareness about reducing poisonous NOx emission in the industrial sector. The report also discusses energy and other application segments.
Asia-Pacific was the leading revenue contributor to the global NOx market, and it is expected to dominate the market during the forecast period. The demand for cement in the construction industry has been growing at a significant rate in the Asia-Pacific region, which has led to increase in emissions of nitrogen oxide into the atmosphere. Cement manufacturing along with transportation is one of the important applications of nitrogen oxide control systems. Likewise, coal-fired power plants have been experiencing high growth rates in countries such as China, India, Vietnam and Japan, further propelling the demand for nitrogen oxide control systems and boosting the growth of the market.
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Key Findings of the Nitrogen Oxide Control Systems Market:
The selective catalytic reduction segment accounted for two-fifths market share.
The industrial segment is anticipated to grow at the highest rate in the nitrogen oxide control systems market during the forecast period.
The Asia-Pacific nitrogen oxide control systems market accounted for nearly half of the market share.
The LAMEA region is anticipated to grow with the highest CAGR of 7.6% during the forecast period.
Reasons for Buying this Report:
Complete analysis on market dynamics, market status and competitive nitrogen oxide control systems view is offered.
Forecast Global nitrogen oxide control systems Industry trends will present the market drivers, constraints and growth opportunities.
The five-year forecast view shows how the market is expected to grow in coming years.
All vital Global nitrogen oxide control systems Industry verticals are presented in this study like Product Type, Applications and Geographical Regions.
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