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Stationary Catalytic Systems Market 2024 Comprehensive Analysis | Key Players – Hamon Corporation, DCL International Inc., Babcock &Wilcox Enterprises, Amec Foster Wheeler
Stationary Catalytic Systems Market size is expected to exceed USD 6 billion by 2024. Rising demand for oxidation catalysts to control pollutant emission including formaldehyde, VOC, CO from gas turbine power generators is predicted to propel growth. Positive outlook towards metal, refining, food and chemical industry across Asia Pacific will further complement industry outlook as these sectors have wide application for catalytic incineration processes. Increasing demand for electricity with growing population and rapid industrialization is set to drive the stationary catalytic systems market size in future.
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Stringent regulations towards industrial emission to reduce carbon emission will drive global stationary catalytic systems market size. Retrofit and replacement program of existing coal fired boiler may favor the business growth in future. In 2012, China has replaced 400,000 MW capacity of coal fired boiler with SCR. Average life cycle of selective catalytic reduction catalyst ranges from three to five years. The Chinese Government has introduced NOx and So2 emission limit to
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