Stationary Catalytic Systems Market - By Technology, By Application and Forecast, 2025 - 2034

Stationary Catalytic Systems Market Size

The global stationary catalytic systems market size in 2024 was valued at USD 6 billion and is estimated to grow at a CAGR of 4.6% from 2025 to 2034.
 

The increasing energy demand, rapid industrialization, and implementation of energy efficiency standards are driving market growth. These units have gained traction across energy-intensive industries owing to their ability to reduce nitrogen emissions and support clean energy initiatives, further augmenting product deployment. Rapid adoption of these units across power plants, cement production, metal processing, and manufacturing industries coupled with stringent government regulations and mandates aimed at limiting NOx and CO emissions will complement the industry landscape.
 

Stationary Catalytic Systems Market Trends

The stationary catalytic systems industry is anticipated to witness significant growth owing to ongoing investments in developing advanced Selective Catalytic Reduction systems, along with growing inclination toward energy optimization and management across industries. Rising adoption of these units in utility boilers at power plants along with flourishing investments in infrastructure development thermal power generation will augment the industry growth. Stringent emission regulations along with ambitious targets set by government authorities to reduce emissions, will positively influence the business outlook. For instance, in May 2024, the European Union implemented new methane regulations to curb emissions from fossil fuels. These rules require companies to track and cut their methane output and to stop unnecessary flaring, limit venting to essential situations.
 

Stationary Catalytic Systems Market Analysis

Selective catalytic reduction segment is anticipated to grow over USD 6.5 billion by 2034. Selective Catalytic Reduction (SCR) technology effectively reduces nitrogen oxides (NOx) emissions using a catalyst. These systems can achieve up to 95% NOx reduction during the combustion process, meeting stringent legislative requirements. The SCR process enables high NOx conversion without exceeding ammonia threshold values, significantly increasing the product demand. Furthermore, rapid technological advancements aimed at developing more effective, cost-efficient, and compact systems for both small and large boilers are driving the industry growth.
 

Power plant segment is anticipated to witness a CAGR of over 4% till 2034. Rapid industrialization and stringent energy efficiency mandates introduced by respective authorities across various regions have driven industries to implement effective and reliable industrial emission control systems across power generation facilities. Government regulations aimed at reducing nitrous oxide and carbon emissions, along with increasing electricity demand, are enhancing the product adoption across the application.
 

Growing cement production sector and rising atmospheric pollutant levels have intensified the focus on emission control technologies. Strict emission limits and potential monetary penalties for non-compliance are further strengthening the stationary catalytic systems industry. Developing economies are expected to see healthy growth in demand for Selective Catalytic Reduction (SCR) and oxidation catalyst systems, driven by expanding infrastructure and increased construction activities. Additionally, the International Maritime Organization's (IMO) Annex VI regulations, which impose strict NOx emission limits, are boosting the demand for SCR installation in waste incinerators.
 

The U.S. stationary catalytic systems market is set to grow over USD 950 million by 2034. Increasing manufacturing activities along with paradigm shift toward replacement of coal-based power plants to gas fired facilities to meet the rising electricity demand will complement the business landscape. Stringent government regulations toward increasing NOx and CO emissions, coupled with growing awareness of these pollutants' effects on the environment, will augment the industry growth. For instance, in April 2024, The U.S. EPA unveiled new regulations to curb pollution from power plants using fossil fuels, to safeguard communities and boost public health while ensuring steady electricity supply. The updated Mercury and Air Toxics Standards for coal-fired plants include stricter limits on toxic metals and mercury emissions.

Stationary Catalytic Systems Market Share

Major firms operating in the stationary catalytic systems industry are aiming to opt various strategies to expand their market position including forming strategic alliances, boosting research efforts, and upgrading production facilities. Manufacturers are prioritizing research and development, technological advancements, collaboration, and innovation to comply with internationally accepted mandates and regulations. Leading companies in the industry are actively pursuing mergers and acquisitions with local, regional, and global vendors to create opportunities for market growth.
 

Stationary Catalytic Systems Market Companies

Major players operating across the industry include:

• Agriemach
• Babcock & Wilcox
• CECO Environmental
• Cormetech
• DCL International
• Ducon
• Environmental Energy Services
• GE Vernova
• Hug Engineering
• Johnson Matthey
• Kwangsung
• MAN Energy Solutions
• McGill AirClean
• Mitsubishi Heavy Industries
• Thermax
• Yara International
   

Stationary Catalytic Systems Industry News

• In February 2024, TPC Group, a key player in petrochemical manufacturing, is expanding operations while meeting strict emissions regulations. The company selected ANDRITZ to supply a new Selective Catalytic Reduction (SCR) system for an existing boiler, based on ANDRITZ's proven track record in emissions control. The system aims to efficiently reduce NOx and CO emissions, with ANDRITZ overseeing installation, commissioning, and staff training.
   
• In April 2023, GE Vernova made significant strides in emission reduction technology. The company integrated advanced systems, including selective catalytic reduction (SCR) and catalytic oxidation reduction (COR), into their LM2500XPRESS aeroderivative gas turbines. This innovative approach aims to slash carbon monoxide emissions by up to 50%. By incorporating these emission control technologies, the company is positioning its LM2500XPRESS units as a more environmentally friendly option in the aeroderivative power sector.
   

The stationary catalytic systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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Market, By Technology

• Selective catalytic reduction
• Oxidation catalyst

Market, By Application

• Power plants
• Chemical & petrochemical
• Cement
• Metal
• Marine
• Manufacturing
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina