Stationary Catalytic Systems Market Analysis

Stationary Catalytic Systems Market Analysis

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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.