Press release
Stationary Catalytic Systems Market projecting its size to reach 8.07 billion by the year 2029, with a compound annual growth rate (CAGR) of 6.60% during the forecast period
Stationary Catalytic Systems Market
The comprehensive report includes an analysis of the impact of the COVID-19 pandemic on market leaders, followers, and disruptors, taking into account the varying lockdown measures implemented across different regions and countries. It covers both the short-term and long-term effects of the pandemic on the market, providing valuable insights for decision-makers in formulating strategies for their companies.
The stationary catalytic systems market is primarily driven by regulatory norms aimed at controlling industrial emissions and the growing concerns surrounding greenhouse gas (GHG) emissions. In the United States, the implementation of regulations such as the National Ambient Air Quality Standards (NAAQS) has imposed emission limits on industries to regulate pollutants.
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What are Stationary Catalytic Systems Market Dynamics?
The report also highlights the coal-fired boiler replacement program in China as a significant driver of industry growth. China has retrofitted 400,000 MW of existing coal-fired boilers with selective catalytic reduction technology. As the catalysts used in these systems have an average lifespan of 3 to 5 years, the replacement of catalytic systems is expected to witness a positive trend in 2021.
Furthermore, the increasing adoption of oxidation catalysts to control pollutant emissions from gas turbine power generators and their wide application in the chemical, refining, metal, and food industries in Asia are anticipated to drive the stationary catalytic systems market in the future. The rising demand for electricity, coupled with population growth and rapid industrialization, will further fuel market growth in the coming years.
What are Stationary Catalytic Systems Market regional insights:
Asia-Pacific currently holds the largest market share, and it is expected to exhibit the highest growth rate during the forecast period, primarily due to the robust growth of the stationary catalytic systems market in China. The region benefits from the presence of a large number of power plants, with significant construction projects contributing to the expansion of the power plant supply. For instance, as of 2021, China had 200,000 MW of coal-fired power plant capacity under construction.
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What is Stationary Catalytic Systems Market Segmentation?
by Technology
• Selective Catalytic Reduction
• Catalytic Oxidation
by Application
• Power Plants
• Chemicals & Petrochemicals
• Cement
• Metal
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Who are Stationary Catalytic Systems Market Key Players?
• Johnson Matthey
• DCL International Inc.
• BASF
• Babcock & Wilcox Enterprises
• CORMETECH
• Amec Foster Wheeler
• MECA
• Ducon Technologies
• APC technologies
• Air Clean LLC
• Hamon Corporation
• Kwangsung Co., Ltd
• HUG Engineering AG
• Nippon Shokubai Co., Ltd
• Umicore AG and Co. KG
• Hitachi Zosen Corporation
• Nett Technologies Inc.
• CECO Co., Ltd
• Babcock and Wilcox Enterprises, Inc.
• Ducon Infratechnologies Limited
• Yara International ASA
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Table of content for the Stationary Catalytic Systems Market includes:
1. Global Stationary Catalytic Systems Market: Research Methodology
2. Global Stationary Catalytic Systems Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Stationary Catalytic Systems Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Stationary Catalytic Systems Market Segmentation
• Global Market, by Technology (2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Stationary Catalytic Systems Market (2021-2029)
• Regional Market, by Technology (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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