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Stationary Catalytic Systems Market Trends

Report ID: GMI1093
Published Date: May 2023
Report Format: PDF

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Stationary Catalytic Systems Market Trends

The global shift toward clean and sustainable energy sources, such as natural gas and renewables, has driven the stationary catalytic systems market demand. These systems play a crucial role in reducing emissions from power plants, refineries, chemical plants, and other industrial facilities that generate energy or produce various products. Additionally, developing countries, particularly in Asia and Latin America, have been witnessing rapid industrialization, leading to increased pollution levels. As a result, the demand for stationary catalytic systems has been rising to control emissions and meet environmental regulations in these regions.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of stationary catalytic systems surpassed USD 5.6 billion in 2023 and will progress at 5.2% CAGR from 2024 to 2032 propelled by the growing energy demand, rapid industrialization, and introduction of energy efficiency standards.

The selective catalytic reduction systems segment is poised to amass substantial gains by 2032 as a result of technological advancements with an aim to build more effective, cost-efficient, and compact-sized systems.

The stationary catalytic systems industry size from the power plants application segment is anticipated to grow at a remarkable growth till 2032 owing to the burgeoning industrialization, along with stringent energy efficiency mandates in the industry.

APAC stationary catalytic systems industry will contribute prominent revenues by 2032 attributed to a significant rise in manufacturing activities, coupled with increasing deployment of coal-based power plants to meet the ever-growing electricity demand in the region.

Hug Engineering, Kwangsung Co., Ltd., Agriemach Ltd., Johnson Matthey, DCL International Inc., MAN Energy Solutions, Yara International ASA, Babcock & Wilcox Enterprises, Inc., DUCON, CORMETECH, McGill AirClean LLC and others.