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Global Selective Catalytic Reduction (SCR) Systems Market for Coal-fired Plants 2019-2023
SKU ID : TNV-14770436 | Publishing Date : 08-Feb-2019 | No. of pages : 117
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About this market
A significant portion of this growth in demand for energy is met by coal. This growth in coal-fired power generation is further propelled by rising energy demands from emerging economies such as China and India. Therefore, the growth in electricity demand, which is being primarily met by coal, along with stringent regulations for limiting NO emissions, the global SCR systems market for coal-fired plants is expected to grow during the forecast period. analysts have predicted that the selective catalytic reduction (SCR) systems market for coal-fired plants will register a CAGR of more than 3% by 2023.
Availability of coal at low prices
The price of coal depends on the rank and grade, mining method, and geographic region. The price of coal with high heat content is generally higher. Thus, the availability of coal at low prices is expected to boost the use of coal for power generation. However, owing to stringent government regulations, the growth in coal-fired power generation will, in turn, propel the growth of the global SCR systems market for coal-fired plants.
Competition to coal from other energy source
The growth in the adoption of other energy sources such as renewables and natural gas poses a significant challenge to the growth of coal-fired power generation, thus limiting the growth of the global SCR systems market for coal-fired plants.
For the detailed list of factors that will drive and challenge the growth of the selective catalytic reduction (SCR) systems market for coal-fired plants during the 2019-2023, view our report.
The SCR systems market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
A significant portion of this growth in demand for energy is met by coal. This growth in coal-fired power generation is further propelled by rising energy demands from emerging economies such as China and India. Therefore, the growth in electricity demand, which is being primarily met by coal, along with stringent regulations for limiting NO emissions, the global SCR systems market for coal-fired plants is expected to grow during the forecast period. analysts have predicted that the selective catalytic reduction (SCR) systems market for coal-fired plants will register a CAGR of more than 3% by 2023.
Market Overview
Availability of coal at low prices
The price of coal depends on the rank and grade, mining method, and geographic region. The price of coal with high heat content is generally higher. Thus, the availability of coal at low prices is expected to boost the use of coal for power generation. However, owing to stringent government regulations, the growth in coal-fired power generation will, in turn, propel the growth of the global SCR systems market for coal-fired plants.
Competition to coal from other energy source
The growth in the adoption of other energy sources such as renewables and natural gas poses a significant challenge to the growth of coal-fired power generation, thus limiting the growth of the global SCR systems market for coal-fired plants.
For the detailed list of factors that will drive and challenge the growth of the selective catalytic reduction (SCR) systems market for coal-fired plants during the 2019-2023, view our report.
Competitive Landscape
The SCR systems market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
