3 January 2020 - 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.”
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.
Based
on geography, the stationary catalytic systems 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.
Some
of the dominant players operating in the global market include Johnson Matthey,
BASF, Amec Foster Wheeler, Ducon Technologies, Air Clean, Hamon Corporation,
Babcock & Wilcox Enterprises, APC technologies, CORMETECH, MECA, and DCL
International among others. The market players are pipelining business
strategies to cut down manufacturing costs by laying a strong emphasis on new
launches, collaboration and partnerships with fellow contenders, import and
export status, acquisition and mergers, and supply chain management.
They
have examined the diverse threats, and emerging disruptive technologies to
shape the supply and demand of the stationary catalytic system market in the
forthcoming years. The emerging companies have identified raw material
suppliers, buyers, research investors and distributors of the stationary
catalytic systems market. Johnson Matthey develops a full line of industrial
catalysts that are extensively used for different power generating and
manufacturing processes to control CO, NOx, VOC, and Particulate Matter (PM).
Market Segment:
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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