DUBAI, UAE. 18th September
2019: 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.
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.
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).
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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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