Press release
Stationary Catalytic Systems Market 2016 – 2024 Key player are | Johnson Matthey, DCL International Inc., BASF, Babcock & Wilcox Enterprises, CORMETECH, Amec Foster Wheeler and many more
Stationary Catalytic Systems Market
Escalating requirement of oxidation catalysts for annihilating VOC, formaldehyde, and carbon emissions from gas turbine power generators will spur the industry expansion over the coming timeframe. Growing urge for power supply, rapid industrialization, and the exponential rise in population are also factors that are projected to boost the market trends in the near future.
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Stationary Catalytic Systems find wide applications in Manufacturing, Cement, Metals, Power Plants, Petrochemicals & Chemicals, Refining, and Food sectors. Stationary Catalytic Systems Market share in Petrochemicals & Chemicals sector is slated to hit USD 700 million by 2024, due to high demand for petrochemical products across the globe. High infrastructural expansion across emerging economies is forecast to propel the business landscape over the next few years.
Metal applications are anticipated to record a CAGR of 5% over 2016-2024, driven by proliferating demand for steel across construction and automobile sectors. Stationary Catalytic Systems industry size in power plants, estimated at USD 1 billion in 2015, will grow considerably over the coming timeframe. The evolving need of power supply across the residential, commercial, and industrial sectors will accelerate the industry expansion.
Key insights from the report include:
China stationary catalytic systems market size contributed over 30% of regional revenue share in 2015 and is expected to grow over 4%, subject to increasing implementation of coal fired power plants. As of 2016, China has over 900 GW of coal fired power plant and 200GW capacity coal fired plant under construction.
Growing demand for construction and renovation of infrastructure will favor the India stationary catalytic system market growth in future. Government of India has aims to invest over USD 376 billion in infrastructure by 2019 which includes USD 120.49 billion for industrial and USD 75.30 billion for port, railway and road connectivity projects.
Stationary catalytic systems market share from catalytic oxidation contributed 36% in 2015. Organic chemicals, resin and polymers & rubber production has its wide application which will positively encourage industry growth.
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Europe stationary catalytic systems market size is expected to witness growth with stringent government regulations for industry particulate emission. Germany contributed over 25% of regional revenue share in 2015 and is predicted to exceed USD 320 million by 2024.
Peru stationary catalytic systems market size is expected to cross USD 40 million by 2024. Abundant availability of mineral reserves coupled with rising economic growth will propel industry growth.
Canada is planning to invest over USD 24 billion by 2024 on housing, sewage treatment and public transit project which will propel the business growth in future. Canada stationary catalytic systems market share contributed over 20% in 2015.
Report Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2 Executive Summary
2.1 Stationary catalytic systems industry 3600 synopsis, 2013 - 2024
2.1.1 Current business environment
2.1.2 Technology trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Stationary Catalytic Systems Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Stationary catalytic systems ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
3.5 Regulatory framework
3.5.1 U.S.
3.5.2 Europe
3.5.3 China
3.6 Stationary catalytic systems industry impact forces
3.6.1 Growth drivers
3.6.1.1 Strong regulatory framework and industry standards for emission control
3.6.1.2 Rising demand for electricity
3.6.1.3 Globalization creating manufacturing centers in emerging nations
3.6.2 Industry pitfalls & challenges
3.6.2.1 Volatile geopolitical scenario
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive landscape, 2015
3.9.1 Strategy dashboard
3.10 PESTEL analysis
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