Global Stationary Catalytic Systems Market: Overview
The world stationary catalytic systems market is prophesied to achieve impetus from the need to control the emission of pollution. For instance, oxidation catalysts can be adopted to reduce the pollutant emission due to the operation of gas turbine power generators. Countries such as the U.S. are taking to strict norms such as the National Ambient Air Quality Standards (NAAQS) for managing the emission of industrial pollutants and greenhouse gases. In the wake of the surging demand for electricity in residential, commercial, and industrial industries, power plant stationary catalytic systems have been commonly adopted.
With a view to offer a decisive insight into the international stationary catalytic systems market, the report offers a comprehensive study of segmentation on the basis of different classifications. The global market could be segmented according to technology and application.
The authors of the report have compiled conclusive information on the global stationary catalytic systems market with a perfect blend of trends analysis and quantitative forecasting. Our seasoned research team have put in painstaking efforts and quality skills to offer the most reliable data that is vitally important for sustaining an enduring business growth.
Global Stationary Catalytic Systems Market: Trends
With a bossing nitrogen oxide reduction capability, the selective catalytic reduction technology is anticipated to exhibit a powerful growth in the near future as it had dominated in the recent past. With the help of ammonia, this technology is capable of metamorphosing nitrogen oxide into harmless nitrogen gas and water.
The catalytic oxidation segment by technology is also predicted to showcase dominance with a substantial advancement during the course of the forecast period 2016–2024. It can be said that the global stationary catalytic systems market can gain traction on the back of the progress of catalytic oxidation. Metal oxides such as manganese dioxide, nickel oxide, chromium oxide, and copper oxide can be used during the application of solvent evaporation for oxidizing volatile organic compounds with the help of catalytic oxidation. This technology also finds a number of applications in polymers and rubber production, organic chemicals production, and resin production.
Global Stationary Catalytic Systems Market: Geography
North America is foretold to receive assistance from the plans to replace aging infrastructure in the years to come. In order to better the socioeconomic outcomes and bolster the middle-income population, the Canada government has made a considerable amount of investment in green and social infrastructure. These efforts are deemed to optimistically impact the business growth in North America.
Europe could invite a decent growth as it looks to ride on the steady rise of the France market due to rigorous industrial emission standards chalked down by the government.
Amongst the emerging nations of Asia Pacific, India will to take advantage of its over the top investment in the infrastructure industry. The government has already reserved a sizable amount of funds for the development of roads on a large scale. Owing to the presence of a significant number of power plants, China could hold its leading position in the global stationary catalytic systems market for a stronger growth. A coal fired power plant of almost 200,000 MW is under construction in China since 2016.
Global Stationary Catalytic Systems Market: Competition
Some of the top industry players in the world stationary catalytic systems market are Hamon Corporation, Air Clean LLC, APC Technologies, Ducon Technologies, MECA, Amec Foster Wheeler, CORMETECH, Babcock & Wilcox Enterprises, BASF, DCL International Inc., and Johnson Matthey. Companies will look to leverage the elevating demand for steel and spiraling purchasing power in the construction and automotive industries. In this regard, the metal applications have attained strong focus. Likewise, the chemicals and petrochemicals applications could attract eyeballs as a result of the swelling focus on infrastructure development in emerging economies.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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