This Frost & Sullivan research service entitled Strategic Analysis of U.S. NOx Control Equipment Markets provides analyses of current market structure, drivers, restraints, competitive factors, market shares, and technology trends. It also reviews major strategic opportunities for success in the markets and provides revenue forecasts for this field. In this research service, Frost & Sullivan's expert analysts thoroughly examine the selective non-catalytic reduction (SNCR), selective catalytic reduction (SCR), and low oxides of nitrogen burner (LNB) markets.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By applications:
U.S. SNCR Equipment Market
U.S. SCR Equipment Market
U.S. Low NOx Burners Equipment Market
By technology:
Post Combustion Control Technology
Post Combustion Control Technology
Pre-Combustion Control Technology
Market Overview
Market Maturity Favors Established Manufacturers While Smaller Participants Face a Challenging Road Ahead
Market maturity and cyclical demand in the U.S. oxides of nitrogen (NOx) control equipment markets are creating a highly competitive scenario where market entry could prove difficult for smaller participants. Approximately 20 to 30 manufacturers with established reputation dominate the markets through close relationships with end users. "Top tier market participants are backing up their reputation with high-quality products," says the analyst of this research service. "Utilities, refineries, and industrial end users continue to prefer companies, which have had substantial experience in the NOx control equipment markets."
Another entry barrier for prospective participants is the significant investment required for the manufacturing, sales, and service infrastructure. Given the cost-cutting measures undertaken by major participants, smaller and new companies face the challenge of offering technically sophisticated, yet cost-effective products. Acquisitions and mergers, which has been a popular trend in the past, could prove to be a mutually beneficial tactic. Through such an approach, established manufacturers can also add value to their own businesses, enter important growth markets, and complement their existing product and service offerings.
Replacement Sales Set to Increase Revenues in the U.S. NOx Control Equipment Markets
Although there has been a significant decline in the NOx control equipment market over recent years due to weak capital investment, it is expected to witness a gradual recovery because of improved business confidence. "Key revenue-generating factors for the NOx control equipment markets are replacement and retrofit orders," observes the analyst. "With a growing economy in the United States, many equipment manufacturers are experiencing an increase in orders that have been delayed by end users due to the recent economic downturn." Additionally, new emission standards, such as the Clean Air Interstate Rule (CAIR) issued by the Environmental Protection Agency, are increasing the demand for retrofits.
In the long term, providing a comprehensive range of services to complement a company's products offerings is likely to become vital to remain successful. Moreover, the in-house cost-cutting strategies among end users place the responsibilities of installation, commissioning, maintenance, repairs, and training on the manufacturers.
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