Stationary Catalytic Systems Market Trends

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.