Press release
Whats Driving the Stationary Catalytic Systems Market Trends? Johnson Matthey, Hug Engineering AG, MAN Energy Solutions
Stationary Catalytic Systems Market
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.
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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.
Based on the technology, stationary catalytic systems market is mainly divided into catalytic oxidation and selective catalytic reduction. Catalytic oxidation technology covered 36% of the global industry revenue in 2015 and will register substantial growth rate over the coming seven years, owing to its increasing requirement for rubber & polymer manufacturing, organic chemical production, and resin production. The selective catalytic reduction technology segment will exhibit a CAGR of more than 5% over the coming years of 2016 to 2024, prominently driven by its increasing demand to reduce NOx content.
India stationary catalytic systems market was worth more than USD 300 million in 2015 and is predicted to generate noticeable revenue over the period of 2016 to 2024. The growth can be attributed to the increasing investment in the infrastructural development projects.
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Top prominent companies operating in Stationary Catalytic Systems Market Hug Engineering, Kwangsung Co. Ltd., Agriemach Ltd., Johnson Matthey, DCL International, Inc., MAN Energy Solutions, Yara International ASA, AMEC Foster Wheeler Ltd., Babcock and Wilcox Enterprises, Inc., Ducon Technologies Inc., CORMETECH
China stationary catalytic systems industry accounted for more than 30% of the regional market share in 2015 and will exhibit considerable annual growth rate of more than 4% over the coming years of 2016 to 2024, owing to the growing installation of coal power plants across this region.
Toc for Stationary Catalytic Systems Market:
Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimates and forecast parameters
1.4. Data Sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid Sources
1.4.2.2. Public Sources
1.5. Abbreviations
Chapter 2. Executive Summary
2.1. Stationary catalytic systems industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Application trends
2.1.4. Regional trends
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