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Stationary Catalytic Systems Market Size, Share and Global Trend By Technology (Selective Catalytic Reduction System, Oxidation Catalyst System), By End-Use Industry (Chemical, Oil and Natural Gas, Power Plant, Metal & Mining, Cement, Others) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI100964 | Status : Ongoing

 

KEY MARKET INSIGHTS

Climate change has become one of the key concerns that are continuously affecting the environment and habitat. Greenhouse gas emissions are the key reason for drastic climate changes. Controlling the emission of the greenhouse gases from the industries and vehicles has become a primary objective of the local governments of different regions. Owing to which there are stringent regulations for the emission of greenhouse gases such as sulfur dioxide, nitrogen dioxide, carbon dioxide, and carbon monoxide, among others. The equipment manufacturers have thus developed different systems such as the stationary catalytic system in order to control the emission levels of exhaust gases in the atmosphere.


The stationary catalytic systems are classified as selective catalytic reduction systems and oxidation catalyst system on the basis of their types. The selective catalytic reduction system is used in the removal of the volatile organic impurities, nitrogen dioxide, and carbon monoxide emissions, among others.

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The oxidation catalysts aid in controlling air pollution by limiting the emission of the oxides of carbon such as carbon dioxide or carbon monoxide. By end-use industry, stationary catalytic systems are used in industries such as chemical, oil and natural gas, automotive, and marine among others. The chemical industry segment is expected to dominate the stationary catalytic systems market by end-use industry owing to the wide range of applications of stationary catalytic systems in various processes in the chemical industry.

Stationary catalytic systems have applications in numerous processes of the chemical industry. The growth of the chemical industry is thus expected to drive the sales of stationary catalytic systems in the coming years. Stationary catalytic systems such as selective catalytic reduction are used in the exhausts of the vehicles in order to reduce the emissions of exhaust gases. The growth of the automotive industry is thus expected to drive the stationary catalytic systems market during the forecast period.

Stationary catalytic systems such as selective catalytic reduction are widely used in the exhaust gas systems of marine vessels owing to which different alternatives are being developed by the manufacturers in order to replace the selective catalytic reduction system. For instance, Feadships developed a product under the brand name Oxywash to replace the selective catalytic reduction systems. The presence of the alternatives is expected to slow down the growth of the stationary catalytic systems market.

Key Players Covered


Some of the major companies that are present in the global stationary catalytic systems market are Kwangsung Co., Ltd, Johnson Matthey, HUG Engineering AG, Umicore AG & Co. KG, DCL International Inc., CECO Co., Ltd, Hitachi Zosen Corporation, Nippon Shokubai Co., Ltd, Nett Technologies Inc., Yara International ASA, Babcock and Wilcox Enterprises, Inc., Ducon Infratechnologies Limited, and Crometech Inc.

SEGMENTATION






















SEGMENTATION


 DETAILS


By Technology


· Selective Catalytic Reduction System

· Oxidation Catalyst System


By End-Use Industry


· Chemical

· Oil and Natural Gas

· Power Plant

· Metal & Mining

· Cement

· Others


By Geography


· North America (the USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)


Regional Analysis


The global stationary catalytic systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The U.S has been among the key oil-producing countries in the world. Owing to this, the North America region has a well-established oil and natural gas industry growing at a steady rate. The chemical industry in North America is expected to witness a decent growth owing to the increasing demand for specialty chemicals in the region. The growth of oil and natural gas and chemical industries is expected to boost the stationary catalytic systems market in the near future. The Europe region has witnessed decent growth in the automotive industry in recent years. France, Germany, the U.K, and Italy have been the critical markets for the growth of the automotive industry in the region. The growth of the automotive industry in Europe is expected to create an excellent platform for the future growth of the stationary catalytic systems market. The Middle East and Africa region are expected to witness a decent growth in the stationary catalytic systems market owing to the growth of the chemical industry in the region. The stationary catalytic systems market is expected to witness moderate growth in the Latin America region driven by the growth of the oil and natural gas industry in the region. The stationary catalytic systems market is expected to gain traction in the Asia Pacific region owing to the high growth of the chemical and automotive industry in the region. Additionally, China holds the lion's share in the global chemical industry and also has a well-established and growing automotive industry. Due to which, the stationary catalytic systems market is expected to grow at a higher rate in the Asia Pacific region.

Key Industry Developments




  • In June 2019, Bharat Heavy Electricals Limited is awarded a contract to provide and install emission control equipment to the Maharashtra State Power Generation Company. The company will be expected to install 34 units of flue gas desulphurization systems along with 13 units of selective catalytic reduction system for the 600MW thermal power plant.
  • In May 2019, Maersk Drilling planned to launch a hybrid low-emission rig which will be equipped with energy emission efficiency software and selective catalytic reduction units.
  • In April 2019, Thomas Zement GmbH & Co. KG awarded a contract to GEA Group to supply two selective catalytic reduction system for its Erwite cement plant. The contract includes supply, installation, and commissioning of the two selective catalytic reduction systems.

  • Ongoing
  • 2023
  • 2019-2022

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