Thursday 2 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global SCR Systems for Coal-fired Plants Market: Alstom SA, Babcock Noell GmbH, FLSmidth & Co. A/S, Mitsubishi Heavy Industries Ltd. and The Babcock & Wilcox Company.
Other Prominent Vendors in the market are: Burns & McDonnell, China Environment, Doosan Power Systems, Fuel Tech and Haldor Topsoe.
Commenting on the report, an analyst from the report's team said: “One key trend emerging in this market is rapid technological advancements in the SCR system. Nowadays, many industries are trying to develop catalysts that can address two pollutants in addition to NOx emissions. ”
According to the report, one of the major drivers in this market is increased environmental changes and global pollution. With increasing emissions from coal-fired power plants, there is an urgent need for emission-free industries and power plants as fears over climate change and global pollution increase.
Further, the report states that one of the major challenges in this market is the high maintenance cost of SCR units. The maintenance cost of the SCR system is quite high and requires well-trained personnel. Along with this, the high cost of catalysts adds to the total cost of the SCR system, rendering it unfeasible for smaller power utilities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.