Stationary Catalytic Systems Market Analysis

Stationary Catalytic Systems Market Analysis

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SCR technology reduces NOx by using a catalyst. In the combustion process, these systems can achieve NOx reduction of up to 95% thus meeting the stringent legislations demand. The SCR process allows a high degree of conversion of the NOx without surpassing the threshold value of ammonia, therefore leading to an increased demand growth. In addition, rapid technological advancements with an aim to build more effective, cost efficient and compact sized system for both small and large sized boilers will encourage the stationary catalytic systems market development.

Rapid industrialization along with stringent energy efficiency mandates have compelled industries to deploy effective industrial emission control systems. Furthermore, government reforms to curtail NOx and CO in the atmosphere along with ever rising demand for electricity generation will enhance the technology adoption.

Rising demand for cement production along with the growing rate of pollutants released in the atmosphere is increasing the focus on deployment of emission control technologies. Introduction of stringent norms with an aim to limit the emissions and applicability of monetary penalties in the case of non-compliance will further complement the stationary catalytic systems market outlook. The demand for SCR and oxidation catalyst systems in developing economies is projected to grow at a healthy pace owing to expanding infrastructural base along with increase in construction activities. Also, Introduction of IMO norms stating strict limitations under Annex VI pertaining NOx emissions is driving the demand for SCR installation with waste incinerators.
 

Asia Pacific is projected to witness growth on account of significant rise in manufacturing activities along with increasing deployment of coal-based power plants to meet the ever-growing electricity demand. Stringent government norms pertaining to rise in NOx and CO emissions coupled with increasing effect of the pollutants on humans and environment health is positively influencing the demand for stationary catalytic systems worldwide. Market in developed economies including North America and Europe will grow owing to underlined ambitious government targets to limit the emissions.

The APAC stationary catalytic systems market is expected to flourish primarily due to increasing manufacturing activities. For instance, China is the largest manufacturing powerhouse globally. It manufactures around 50% of the world's industrial goods, including crude steel, cement, vehicles and other industrial applications. Hence, overview of norms in China and stringency in existing regulations pertaining emissions from power plants and cement industries is complementing the market growth rate.

The ongoing investments toward development of new industrial facilities together with the government focus on improving the energy efficiency will drive product deployment in China. The cement, heavy metal manufacturing, glass, and refining are some of the key energy-intensive industries in the country with a sizeable potential for product adoption. China under its 14th Five Year Plan for Energy Conservation and Emission Reduction Program has emphasized on the enhancement of energy efficiency across various industries. The government has also introduced energy efficiency standards across major manufacturing sectors and announced financial incentives to support the emission reduction efforts.