Stationary Catalytic Systems Market industry analysis research and trends report for 2016 – 2024

Stringent regulations towards industrial emission to reduce carbon emission will drive global stationary catalytic systems market size. Retrofit and replacement program of existing coal fired boiler may favor the business growth in future. In 2012, China has replaced 400,000 MW capacity of coal fired boiler with SCR. Average life cycle of selective catalytic reduction catalyst ranges from three to five years. The Chinese Government has introduced NOx and So2 emission limit to

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Rising demand for oxidation catalysts to control pollutant emission including formaldehyde, VOC, CO from gas turbine power generators is predicted to propel growth. Positive outlook towards metal, refining, food and chemical industry across Asia Pacific will further complement industry outlook as these sectors have wide application for catalytic incineration processes. Increasing demand for electricity with growing population and rapid industrialization is set to drive the stationary catalytic systems market size in future.

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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.

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1. Stationary Catalytic Systems Market size & share forecast by product & application 2016-2024
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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.

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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.

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