Press release
Stationary Catalytic Systems Market is forecast to grow at more than 6% from 2016 to 2024.
U.S. Stationary Catalytic Systems Market Size, by Application 2013-2024 (USD Million)
Stationary Catalytic Systems Market size is expected to exceed USD 6 billion by 2024, as per the latest report by Global Market Insights, Inc.
Stringent regulations towards industrial emission to reduce carbon emission will drive global stationary catalytic systems market size. Retrofit and replacement program of existing coal fired boiler may favor the business growth in future. In 2012, China has replaced 400,000 MW capacity of coal fired boiler with SCR. Average life cycle of selective catalytic reduction catalyst ranges from three to five years.
Rising demand for oxidation catalysts to control pollutant emission including formaldehyde, VOC, CO from gas turbine power generators is predicted to propel growth. Positive outlook towards metal, refining, food and chemical industry across Asia Pacific will further complement industry outlook as these sectors have wide application for catalytic incineration processes. Increasing demand for electricity with growing population and rapid industrialization is set to drive the stationary catalytic systems market size in future.
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Browse key industry insights spread across 107 pages with 231 market data tables & 10 figures & charts from the report, “Stationary Catalytic Systems Market Size By Technology (Selective Catalytic Reduction, Catalytic Oxidation), By Application (Power Plants, Chemicals & Petrochemicals, Cement , Metal), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Spain, Italy, Netherlands, Russia, Ukraine, Belarus, China, India, Japan, South Korea, Indonesia, Australia, Saudi Arabia, UAE, South Africa, Nigeria, Angola, Brazil, Argentina, Venezuela, Chile, Peru), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/stationary-catalytic-systems-market
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.
• 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.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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