Press release
Stationary Catalytic Systems Market Growth, Ongoing Trends and Forecast to 2025 | Hug Engineering, Kwangsung Co. Ltd., Agriemach Ltd., Johnson Matthey
Stationary Catalytic Systems Market
The size of Stationary Catalytic Systems Market was registered at USD 4 billion in the year 2018 and is anticipated to cross USD 6 billion by 2025. Between the period 2019 - 2025, the Stationary Catalytic Systems Market is expected to register a CAGR of 6%.Power plant sector is yet another prominent application area, predicted to create high growth avenues for stationary catalytic systems market over the coming seven years.
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As per the research study, stationary catalytic systems industry revenue in the power plant sector estimated at USD 1 billion in 2015, is poised to grow considerably over 2016-2024, primarily driven by high demand for power supply across residential, commercial, and industrial sectors. Stationary catalytic systems market share in metal sector is anticipated to grow at 5% over the coming seven years, driven by high demand for steel across construction and vehicle sectors.
Considering the regional trends, Asia Pacific stationary catalytic systems industry will witness a massive growth over the coming seven years. High infrastructural development, rise in the number of construction & renovation activities, and high presence of power plants are few of the factors predicted to enhance the regional revenue. For instance, India is expected to make capital investments of over USD 376 billion in infrastructure by 2019. Moreover, enhanced use of catalytic incineration process across food, chemical, metal, and refining sectors in Asia will contribute noticeably towards the regional growth. India and China are expected to be the key growth drivers of the regions.
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High infrastructural growth is expected to positively influence North America stationary catalytic systems market share. Canada is expected to contribute significantly towards the regional share.
Stringent emission rules for industrial units is predicted to drive Europe stationary catalytic systems industry growth over the next few years. France and Germany are predicted to boost the regional size. Latin America stationary catalytic market share is predicted to grow significantly over the timeframe, owing to high mineral production accompanied by heavy financial growth. Peru is expected to be a major revenue pocket of the region, surpassing USD 40 million by 2024.
Partial Table of Contents (ToC) of the report:
Chapter 4. Stationary Catalytic Systems Market, By Technology
4.1. Global Stationary catalytic systems market share by technology, 2018 & 2025
4.2. SCR
4.2.1. Global market from SCR, 2014-2025
4.2.2. Global market from SCR, by region 2014 - 2025
4.3. Oxidation catalyst
4.3.1. Global market from oxidation catalyst, 2014-2025
4.3.2. Global market from oxidation catalyst, by region 2014 - 2025
Chapter 5. Stationary Catalytic Systems Market, By Application
5.1. Global stationary catalytic systems market share by application, 2018 & 2025
5.2. Power Plants
5.2.1. Global market from Power Plants, 2014-2025
5.2.2. Global market from Power Plants, by region 2014 - 2025
5.3. Chemical & Petrochemical
5.3.1. Global market from Chemical & Petrochemical, 2014-2025
5.3.2. Global market from Chemical & Petrochemical, by region 2014 - 2025
5.4. Cement
5.4.1. Global market from Cement, 2014-2025
5.4.2. Global market from Cement, by region 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/stationary-catalytic-systems-market
Industry participants will try to increase their market value by adopting key growth strategies such as product differentiation, R & D investments, and technological innovation. Key industry players include Johnson Matthey, BASF, CORMETECH, Ducon Technologies, DCL International Incorporation, Amec Foster Wheeler, APC technologies, Hamon Corporation, and Babcock & Wilcox Enterprises.
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