REPORT DESCRIPTION
Global SCR Systems for Coal Fired Plants Market : Overview
Selective catalytic reduction ( SCR ) systems are being widely used to protect the environment from harmful gases produced by several industries . An SCR system converts harmful oxides of nitrogen ( NOX ) into harmless nitrogen ( N2 ) and water ( H2O ). This technology is the most resourceful method of decreasing NOX emissions in coal fired power plants wherein about 70 per cent to 90 per cent productivity is required . Consequently , the global SCR systems for coal fired plants market is projected to register a significant growth rate during the forecast period of 2016 to 2024 .
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This report on the global SCR systems for coal fired plants market presents a comprehensive analysis of drivers and restrictions and estimates the eventual impact of each of those factors . The report has been developed via proven research methodologies such as Porter ’ s five forces and SWOT analysis . Among the key features of the report is the section on company profiles , wherein a number of key players have been studied for their product range , market share , revenue , and recent strategic developments . It also provides insight into the segments and regions of the market . The global market for SCR systems for coal fired plants can be segmented on the basis of configuration into high dust SCR systems and tail end SCR systems .
Global SCR Systems for Coal Fired Plants Market : Trends and Prospects
The global SCR systems for coal fired plants market is prospering due to various factors such as recent development in technologies , growing energy demand , strict laws pertaining to the emission of harmful gases , and the cost effectiveness of coal as compared to oil and gas . In addition , incentives and tax benefits given by governments will propel the use of SCR systems in coal fired power plants . However , high cost involved in setting up of SCR systems and the existence of alternative fuels pose as the major obstacles in the growth of the market for SCR systems .
On the basis of configuration , high dust SCR systems are extensively used for NOX reduction in power plants . For waste incineration systems and glass furnaces , the compact designed tail end SCR systems are more in demand for reducing NOX .