DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Air Quality Control System for Thermal Power, Update 2016 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2020" report to their offering.
The Global Air Quality Control System (AQCS) market is set to grow from $9.7 Billion in 2016 to around $12.8 Billion by 2020, registering a compound annual growth rate (CAGR) of 7.19%, a slower rate than between 2010 and 2015. There has been a marked increase in demand for AQCS from power-generating industries since they have to adhere to local and federal regulations that mandate the emissions from power plants.
A factor that is likely to affect the AQCS market growth is the high installation and maintenance costs of Flue Gas Desulfurization (FGD), Selective Catalytic Reduction (SCR), and Fabric Filter (FF) systems. The impact of this restraint was highly visible on the FF markets.
According to Murtuza Hyder, Power Analyst, Regulatory bodies in developing countries have made several amendments to the existing environmental acts which, along with the harmful health effects of air pollutants, are likely to mobilize the installation of AQCS in the power industry across the regions. FF equipment costing more than electrostatic precipitators maintenance cost is also higher due to necessary periodic replacement of the filter bags, once every three to four years. Similarly, FGD and SCR, when compared with combustion modifications, are generally more expensive and require large capital expenditure.
- ANDRITZ AG
- Marsulex Environmental Technologies
- Ducon Technologies
- GE Power
- STX Heavy Industries
- CECO Environmental Corp.,
- Mitsubishi Hitachi Power Systems, Babcock & Wilcox
- Doosan Power Systems
- Babcock Noell GmbH
Key Topics Covered:
1 Table of Contents
2 Executive Summary
4 AQCS Market, Global
5 AQCS Market, Americas
6 AQCS Market, Asia-Pacific
7 AQCS Market, Europe, Middle East and Africa (EMEA)
For more information about this report visit https://www.researchandmarkets.com/research/r74rrl/air_quality