Asia Pacific Stationary Catalytic Systems Market Analysis

Asia Pacific Stationary Catalytic Systems Market Analysis

Based on technology, the selective catalytic reduction technology is set to observe gains at nearly 6.3% up to 2032. Selective Catalytic Reduction (SCR) technology employs a catalyst to reduce NOx emissions. During the combustion process, these systems can achieve remarkable NOx reduction rates of up to 95%, effectively meeting the stringent legislative requirements. The SCR process enables a high level of NOx conversion without exceeding the permissible ammonia threshold, driving increased demand. In addition, ongoing technological advancements aimed at creating more efficient, cost-effective, and compact systems for boilers of various sizes will promote the adoption of these products.
 

• When Selective Catalytic Reduction (SCR) systems are combined with oxidation catalysts, they contribute to significant reductions in emissions of NOx, Carbon Monoxide (CO), Volatile Organic Compounds (VOC), and Particulate Matter (PM), achieving reductions of approximately 80%.
   
• These systems are primarily employed to mitigate exhaust gas emissions, including CO and Hydrocarbons (HC), from stationary diesel and gas engines.
   
• They also play a role in reducing other pollutants such as Furan, Dioxin, and polycyclic hydrocarbons.
   
• As a result, the increasing awareness of industrial emissions and the implementation of more stringent regulations and directives will drive the adoption of these products in both new and existing boilers, engines, and gas turbines.
   

Based on application, the power plant application industry witnessed a market share of over 60.0% in the year 2022. Rapid industrialization along with stringent energy efficiency mandates have compelled industries to deploy effective emission control systems. Furthermore, government reforms to curtail NOx and CO in the atmosphere along with ever rising demand for electricity generation will enhance the technology adoption.
 

• Rising demand for cement production along with growing rate of pollutants released in the atmosphere is increasing the focus on deployment of emission control technologies.
   
• Introduction of stringent norms with an aim to limit the emissions and applicability of monetary penalties in the case of non-compliance will further complement the industry outlook.
   
• The demand for SCR and oxidation catalyst systems in developing economies is projected to grow at a healthy pace owing to expanding infrastructural base along with increase in construction activities.
   
• Introduction of IMO norms stating strict limitations under Annex VI pertaining NOx emissions is driving the demand for SCR installation with waste incinerators.
   

The China stationary catalytic system industry witness a market share over 37.5% in 2022. Significant rise in manufacturing activities along with increasing deployment of coal-based power plants to meet the ever-growing electricity demand will influence the deployment of the product. In addition, Stringent government norms pertaining to rise in NOx and CO emissions coupled with increasing effect of the pollutants on humans and environment health is positively influencing the demand for stationary catalytic systems across the country.
 

• The cement, heavy metal manufacturing, glass, and refining are some of the key energy-intensive industries in the country with a sizeable potential for product adoption.
   
• China under its 14th Five Year Plan for Energy Conservation and Emission Reduction Program has emphasized on the enhancement of energy efficiency across various industries.
   
• The government has also introduced energy efficiency standards across major manufacturing sectors and announced financial incentives to support the emission reduction efforts.
   
• China is the largest manufacturing powerhouse across the globe. It manufactures around 50% of the world's industrial goods, including crude steel, cement, vehicles and other industrial applications. In addition, introduction of norms in China along with stringency in existing regulations pertaining emissions from power plants and cement industries is complementing the market growth rate.