Stationary Catalytic Systems Market to Experience Robust Demand Due to Rising Usage in Various Industrial Sector till 2028
30th September 2019 – The global Stationary Catalytic Systems Market is prophesized to display a significant rise in
the CAGR during the forecast period. Stationary catalytic systems are air
clearing devices that help in controlling the Hazardous Air Pollutants (HAPs)
and Volatile Organic Compounds (VOC) industrial emissions.
“Proliferating demand for potential power supply across industrial,
residential, and commercial sectors has accelerated the demand for stationary
catalytic systems. The global market is projected to showcase dominance with a
substantial advancement in the catalytic oxidation metamorphosis of nitrogen
oxide into innocuous nitrogen gas.”
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Stringent
government regulation and norms related to reducing the carbon footprint is
driving the growth of catalytic systems market. Altering consumer interests and
rising disposable income has incorporated the need for bringing in the latest
technologies to cater to their demands. Oxidation catalysts have emerged as a
major trend in treating carbon emissions and is anticipated to favor the
market’s growth in upcoming years. Oxidation catalysts will register
substantial growth over the next few years, owing to increasing attempts to
reduce NOx content and meet environmental sustainability standards. Catalytic
oxidation solution is replacing the conventional thermal incineration method as
it offers lower capital equipment cost and truncated fuel consumption.
Leading
players of Stationary Catalytic Systems including:
•
Johnson Matthey
• DCL
International
•
BASF
•
Babcock & Wilcox Enterprises
•
CORMETECH
•
Amec Foster Wheeler
•
MECA
•
Ducon Technologies
• APC
technologies
• Air
Clean
•
Hamon Corporation
Market
split by Type, can be divided into:
•
Selective Catalytic Reduction
•
Catalytic Oxidation
Market
split by Application, can be divided into:
•
Power Plants
•
Chemicals & Petrochemicals
•
Cement
•
Metal
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Based on geography, the emergency exit
sign market has been segmented into North America, the Asia Pacific, the Middle
East, and Africa, and Latin America. Increasing industry inclination towards
manufacturing and processing activities of metal refining, food, organic
chemicals, rubber, polymers and resins production is positively impacting the
industry growth in the Asia Pacific. Major investments made by China for
building coal-fired power plant has encouraged the adoption of stationary
catalytic systems and has contributed to the regional revenue share. sewage
treatment and public transit project in Canada has demonstrated huge demand for
stationary catalytic systems, further according to the market growth.
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