Press release
Stationary Catalytic Systems Market Forecast to Experience a CAGR of 6.0% to 2025
Stationary Catalytic Systems Market
The size of Stationary Catalytic Systems Market was registered at 4 Billion (USD) in the year 2018 and is anticipated to cross 6 Billion (USD) by 2025. Between the period 2019-2025, the Stationary Catalytic Systems Market is expected to register a CAGR of 06%.
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China market is projected to witness growth owing to introduction of NOx reduction mandates along with stringency in the existing directives. Increasing investments with an aim to develop new industrial facilities coupled with the rising focus toward energy efficiency will drive the stationary catalytic systems market growth. China, under its 13th five-year plan for the Energy Conservation & Emission Reduction Program has set emphasis on the improvement of energy efficiency across the industries, that has strengthened the business landscape.
Leading Key Players in Stationary Catalytic Systems Market are: 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, McGill AirClean
Power plants application was worth over 2 billion in 2018. Rising electricity demand coupled with rapid industrialization will augment the product installation. Economic development primarily in Asia Pacific along with increasing manufacturing activities is leading to an expansion in self-regulated utilities for generating power, further expanding the stationary catalytic systems market. In addition, norms and standards toward zero emission building coupled with restructuring of aging plants & industries are the underline parameters complementing the industry landscape.
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Ongoing research and development activities pertaining product enhancement & design to diminish the cost pressure will fuel the stationary catalytic systems market growth rate. Growing significance on energy efficiency, management & optimization across the power plants and industries along with rising investments toward development of technically advanced SCRs will further boost the product penetration.
Rapid industrialization, growing electricity consumption and introduction of energy efficiency protocols will positively influence the stationary catalytic systems market. Ongoing efforts to minimalize the electricity demand and supply gap is projected to drive the product demand. In addition, rising government protocols pertaining equipment inspection, construction and operation will augment the product installation.
The U.S. market is anticipated to witness growth over 5% by 2025. Strict government mandates along with technologically advanced product features & increasing focus toward sustainable units will encourage the product deployment. In addition, presence of sophisticated infrastructure coupled with ongoing refurbishment of aged technology is projected to stimulate the industry outlook.
Table of content:
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
5.5. Metal
5.5.1. Global market from Metal, 2014-2025
5.5.2. Global market from Metal, by region 2014 - 2025
5.6. Marine
5.6.1. Global market from Marine, 2014-2025
5.6.2. Global market from Marine, by region 2014 - 2025
5.7. Manufacturing
5.7.1. Global market from Manufacturing, 2014-2025
5.7.2. Global market from Manufacturing, by region 2014 - 2025
5.8. Others
5.8.1. Global market from Others, 2014-2025
5.8.2. Global market from Others, by region 2014 - 2025
Read More About Stationary Catalytic Systems Market At: https://www.globenewswire.com/news-release/2016/12/29/902055/0/en/Stationary-Catalytic-Systems-Market-size-worth-over-6bn-by-2024-Global-Market-Insights-Inc.html
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