-- 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.
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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.
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.
Stationary catalytic systems market is predicted to exceed USD 6 Billion by 2025. Rising emission levels from power plants & other industries coupled with the introduction of government norms to limit pollution will positively influence the business landscape. The EPA announced National Ambient Air Quality Standards (NAAQS) that aim to limit NOx emissions from gas turbines and boilers. Growing concerns toward adverse effects of pollution along with stringency in norms is projected to boost the installation of oxidation catalyst & Selective Catalytic Reduction systems (SCRs).
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.
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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.
Key industry manufacturers in the stationary catalytic systems market includes Agriemach, Ducon Technologies, DCL International, Kwang sung, Hug Engineering, MAN Energy Solutions, Johnson Matthey, Babcock and Wilcox, Yara International, McGill AirClean, AMEC Foster Wheelerand CORMETECH.
Table of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Stationary Catalytic Systems Industry Insights
Chapter 4. Stationary Catalytic Systems Market, By Technology
Chapter 5. Stationary Catalytic Systems Market, By Application
Chapter 6. Stationary Catalytic Systems Market, By Region
Chapter 7. Company Profiles
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Related Report:
Global and Chinese Stationary Catalytic Systems Industry, 2018 Market Research Report
Global and Chinese Stationary Catalytic Systems Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Stationary Catalytic Systems industry with a focus on the Chinese market. The report provides key statistics on the market status of the Stationary Catalytic Systems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail.
https://www.marketstudyreport.com/reports/global-and-chinese-stationary-catalytic-systems-industry-2018-market-research-report/?utm_source=RR-AN
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