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
Published Date: December 2016 | 107 Pages | Report ID: GMI1093 Report Format: PDF
Stationary Catalytic Systems Market size was over USD 3 billion in 2015 and 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)
Regulatory norms toward industrial emission with growing concerns related to GHG emission will drive the global stationary catalytic systems market share. In the U.S., various regulations towards industrial emission including National Ambient Air Quality Standards (NAAQS) has been imposed on industries to regulate the industrial pollutant emissions.
Coal fired boiler replacement program in China will foster the industry growth during forecast period. In 2012, China has retrofitted 400,000 MW of existing coal-fired boilers with selective catalytic reduction. Since, the average life of catalyst is around 3 to 5 years. So, it has been analyzed that it will positively encourage the replacement of catalytic system in 2017.
Increasing adoption of oxidation catalysts to control pollutant emission from gas turbine power generators is anticipated to drive stationary catalytic systems market in future. Additionally, wide application of catalytic incineration process at chemical, refining, metal and food industry in Asia will complement the industry growth in future. Increasing demand for electricity with growing population and rapid industrialization is set to drive the stationary catalytic systems market size in future.
Selective catalytic reduction market size was valued over USD 2 billion in 2015 and is expected to witness a growth over 5% subject to its superior NOx reduction capability. It has a potential to convert nitrogen oxide into harmless N2 gas and H2O by using ammonia.
Stationary catalytic systems market share demand from catalytic oxidation is expected to witness significant growth during forecast period. It is used to oxidize volatile organic compound from solvent evaporation by using metal oxides such as copper oxide, chromium oxide, nickel oxide and manganese dioxide. It has wide application in Resin production, organic chemicals production and rubber & polymers production.
Power plant stationary catalytic systems market size was valued over USD 1 billion in 2015 and is anticipated to witness a significant growth during forecast period owing to increasing electricity demand from industrial, commercial, and residential sector.
Chemicals and Petrochemicals applications is expected to reach over USD 700 million by 2024 owing to rising petrochemical product demand. Increasing focus on infrastructure development mainly in developing countries will stimulate the business growth during forecast period. Cement industry applications held over 5% of global stationary catalytic systems market share from revenue in 2015.
Metal applications are expected to witness growth over 5% owing to rising steel demand from automotive and construction sector with increasing purchasing power. Manufacturing industry was valued over USD 600 million in 2015 and is expected to witness gain over 5% from 2016 to 2024.
China stationary catalytic systems market size was valued over USD 500 million in 2015 and is expected to see strong growth due to presence of large number of power plants. As of 2016, a 200,000 MW of coal fired power plant was under construction.
High investment in infrastructure sector will favor business growth during forecast period. India was valued over USD 300 million in 2015 and is expected to witness a high growth rate in near terms. Government of India is planning to invest over USD 44 billion for developing 35,000 km of road across country.
Peru stationary catalytic systems market share contributed over 10% in 2015 and is expected to exceed USD 30 million by 2024 subject to growing economy coupled with increasing mining activities in the region. Peru is one of the largest producer of mineral commodity in the world and accounted for over 60% of country’s export in 2015.
For Europe stationary catalytic systems market size, France contributed over 15% in 2015 and is expected to exceed USD 150 million by 2024 owing to stringent government norms for industrial emission.
Replacement of aging infrastructure will favor the North America stationary catalytic systems share in coming years. In budget 2016, Government of Canada made down an investment of USD 11.9 billion in social infrastructure and green infrastructure to strengthen the middle class and improve socio economic outcomes. This will positively influence the business growth. Canada was valued over USD 100 million and is expected to witness a substantial growth from 2016 to 2024.
Competitive Market Share
Major industry participants include Johnson Matthey, DCL International Inc., BASF, Babcock & Wilcox Enterprises, CORMETECH, Amec Foster Wheeler, MECA, Ducon Technologies, APC technologies, Air Clean LLC, Hamon Corporation and others.
Industries including cement, power plants, refineries etc. are the major source of harmful emission pollutant in to the atmosphere. These particulates can be controlled by application of various technologies. These systems control pollutants emission by converting toxic substances including CO, HC, NOx in to less harmful chemicals through various technologies such as selective catalytic reduction. Stringent government norms to regulate industrial emission will drive the stationary catalytic systems market size growth during forecast period. Increasing investment in manufacturing industries will further complement the industry in future.
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