Home > Industrial Machinery > Industrial Equipment > Stationary Catalytic Systems > Asia Pacific Stationary Catalytic Systems Market

Asia Pacific Stationary Catalytic Systems Market Trends

  • Report ID: GMI7291
  • Published Date: Nov 2023
  • Report Format: PDF

Asia Pacific Stationary Catalytic Systems Market Trends

The regional transition towards cleaner and more sustainable energy sources, including natural gas and renewable energy, has spurred the need for stationary catalytic systems. These systems play a pivotal role in mitigating emissions from power plants, refineries, chemical plants, and other industrial facilities involved in energy generation or product manufacturing. Furthermore, emerging economies, particularly in China, India Indonesia among others, are experiencing rapid industrialization, which has led to heightened pollution levels. Consequently, the demand for stationary catalytic systems has been on the rise to manage emissions and comply with environmental regulations in these regions.
 

Ongoing progress in catalytic technologies has been instrumental in shaping the market. Extensive research and development initiatives have been directed towards enhancing the performance, durability, and efficiency of catalysts. Novel catalyst formulations and designs have been introduced to optimize pollutant conversion rates while reducing operational costs. There is a growing inclination towards compact and modular catalytic systems that require less space and offer installation flexibility. In addition, modular systems are known for their ease of maintenance, scalability, and shorter installation times in comparison to conventional fixed systems, thereby complementing the industry scenario.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for stationary catalytic systems was worth USD 2.76 billion in 2022 and is anticipated to witness over 5.9% CAGR from 2023 to 2032, due to the rising need for energy, swift industrial expansion along with the higher implementation of energy efficiency regulations.

Asia Pacific stationary catalytic systems market size is set to observe over 6.3% CAGR from 2023 to 2032, owing to the ongoing technological advancements aimed at creating more efficient, cost-effective, and compact systems for boilers of various sizes.

China recorded over 37.5% of the stationary catalytic system market share in 2022 due to the significant rise in manufacturing activities along with increasing deployment of coal-based power plants to meet the ever-growing electricity demand in the country.

Some of the well-known stationary catalytic system companies in APAC are Hug Engineering, Kwangsung Co., Ltd., Johnson Matthey, MAN Energy Solutions, Yara International, Babcock & Wilcox Enterprises, Inc., and DUCON.

Asia Pacific Stationary Catalytic Systems Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 144
  • Countries covered: 7
  • Pages: 150
 Download Free Sample