Global Market for Emission Control Catalyst Market to Witness Considerable Upsurge During 2014 - 2020
Mobile applications include automotives. These catalysts are also called automotive catalysts. Stationary applications include thermal or conventional power plants, and other industries.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-137
Mobile application presently is the largest segment for emission control catalysts due to the increasing demand for light and heavy commercial vehicles across the globe. Catalytic convertors are mostly used in the automotive industry while stationary emission control systems utilise selective catalytic reduction, catalytic incineration, filters, and catalytic oxidation. Passenger vehicles and cargo trucks are the main source of vehicle pollution followed by two and three wheeler vehicles. Emission control catalysts or convertors are now increasingly being used for NOx reduction from power plants, reduction of sulphur, and removal of toxins from exhaust smoke.
Europe is the most lucrative emission control catalyst market. The heavy presence of automobiles manufacturers, power sector companies, and industrialisation across various geographical locations in Europe are the major driving factors for the emission control catalyst market. Europe witnessed 8.8% growth in commercial vehicle registrations. This prominent market was the global leader in FY 2013, and is expected to continue its growth trajectory in the future. Supportive government regulations to curb the ill effects of pollution offer a smooth roadmap for emission control catalyst enterprises to penetrate in European market. Industrial pollution in Europe is the next major setback for the government, as it costs them billions of dollars. Germany, Poland, UK, and Italy possess major refineries and heavy power segments which contribute major damage to the European nations. In such a scenario, the European market is in need of effective solutions that possess the capability to curb the pollution. Therefore, Europe is seen as the most lucrative market for business enterprises operating in the emission control catalyst market.
Other prominent markets are North America followed by MENA and APAC region. North America contributes a major share to global pollution. USA is the leading market as the highest contributor to air pollution in North America region. Pennsylvania, Ohio, Indiana, and Texas are the states reporting the highest air pollution levels in USA. Many prominent locations in USA are witnessing ozone depletion which is a major cause of concern for government officials. As such, this situation makes emission control catalysts an urgent need in these pollution chronic regions. MENA is the next potential region for the emission control catalyst market. Presence of mining industries and oil borne locations are the major driving factors in MENA region. India, China and Singapore are the prominent destinations for emission control segment. Development in the automobile sector, oil refineries and maritime transportation are the main driving factors in APAC.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-137
Increasing automotive fleet and stringent environmental regulations on the international platform are the prime driving factors for growth in emission control catalyst consumption. The global emission control catalyst market is expected to grow between 7% and 9% CAGR over the next five years. Though the market seems promising for business enterprises operating in emission control catalysts, the emergence of battery-powered vehicles could be a major setback to this flourishing industry. Some of the major players include Johnson Matthey, BASF, Umicore, Faurecia, Nett Technologies, and others. Companies are investing in R&D to offer first class products to different end use industry verticals. Acquisitions and mergers are the strategies adopted by key market players to strengthen their position on the global market platform.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Global Market for Emission Control Catalyst Market to Witness Considerable Upsurge During 2014 - 2020 here
News-ID: 973293 • Views: 297
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Europe
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining