Press Release

TMRR recently published a market study on the global Stationary Catalytic Systems market that sheds light on the various trends that are playing an imperative role in shaping the growth of the Stationary Catalytic Systems market. The report provides a detailed analysis of the Stationary Catalytic Systems supply chain, value chain, and business execution across various regional markets. According to the study, the Stationary Catalytic Systems market is slated to witness a CAGR growth of ~XX% during the forecast period (2019-2029) and exceed market value of ~US$ XX by the end of 2019.

Furthermore, the report includes the company profiles of some of the most established market players operating in the Stationary Catalytic Systems market. The market share, regional presence, pricing strategy, marketing strategy, revenue growth, and product portfolio of each company is provided in the presented market study. The various market players included in the report include, company 1, company 2, company 3, and company 4.

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Important Takeaways from the Stationary Catalytic Systems Market Report

  • Analysis of the micro and macro-economic factors likely to impact the dynamics of the Stationary Catalytic Systems market
  • Important trends and developments in the Stationary Catalytic Systems market
  • The projected growth of each market segment and sub-segment
  • Winning strategies of stakeholders in the Stationary Catalytic Systems market
  • Recent innovations, product launches, technological advances

Drivers, Restraints, and Opportunities

Regulations pertaining to GHG emission, which are getting stricter every passing year due to growing environmental concerns, is the primary driver for the market. For instance, in the U.S., regulations such as National Ambient Air Quality Standards (NAAQS) is in place for industries to follow in order to reduce industrial pollutant emissions. Coal fired boiler replacement program in China is another recent development that will positively reflect on global stationary catalytic systems market. China, a country with vast population and landscapes, retrofitted 400,000 MW of existing coal-fired boilers with selective catalytic reduction in 2012. With an average life of 3 to 5 years, the country-wide market of china is expected to generate fresh demand for stationary catalytic systems during the forecast period. Some of the other factors complementing the growth rate are expanding adoption of oxidation catalysts to control pollutant emission from gas turbine power generators, varied application of catalytic incineration process at refining, chemical, metal, and food and beverage industry in Asia Pacific, escalating demand for electricity with growing population, and rapid industrialization.

The report detects that selective catalytic reduction segment has the maximum demand in terms of product segment while application-wise, power plant stationary catalytic systems dominate owing to electricity demand from the commercial, industrial, and residential sector.

Global Stationary Catalytic Systems Market: Regional Overview

Country-wide markets of China and India make Asia Pacific the most lucrative region, and with growing number of power plants, the region is anticipated to remain highly profitable through-out the forecast period. Government of India has set aside a budget of US$44 bn for the development of 35,000 km road across the country, which will augment the demand for stationary catalytic systems. France generates maximum demand from Europe market while Canada dominates North America market. Canadian government has pledged an investment of US$11.9 bn for the improvements of social infrastructure that is in sync with environment.

Companies mentioned in the report

DCL International Inc., Johnson Matthey, BASF, CORMETECH, Amec Foster Wheeler, Babcock & Wilcox Enterprises, MECA, APC technologies, Ducon Technologies, Air Clean LLC, and Hamon Corporation are some of the prominent names in global stationary catalytic systems market.

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The report aims to clarify some key doubts pertaining to the Stationary Catalytic Systems market such as:

  1. What is the estimated revenue growth of the Stationary Catalytic Systems market through the forecast period?
  2. Which region is expected to generate the highest revenue during the assessment period?
  3. What are the leading market players operating in the Stationary Catalytic Systems market?
  4. What are the most suitable marketing and promotional channels for market players in the Stationary Catalytic Systems market?
  5. What are the factors that are likely to hinder the growth of the Stationary Catalytic Systems market in the upcoming years?

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