Stationary Catalytic Systems Market – Industry Demand, Share, Size, Growth Opportunities and Future Trends by 2026, Fortune Business Insights

(The Express Wire via Comtex)

The global stationary catalytic systems market is expected to rise at a significant CAGR owing t6o the rising focus on reducing emissions from vehicles and industries. Fortune Business Insights offers a detailed overview of the global inverter duty motor market in a report, titled “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 and Mining, Cement, Others) and Geography Forecast till 2028.” The report further highlights information on the detailed overview of the market by stating the importance of stationary catalytic systems in the environment. In addition to this, the report provides valuable insights into prevailing market trends and opportunities in the market. These trends can positively impact the demand of these systems, thereby helping stakeholders to understand the market better before investing. The competitive analysis of the market can further help our readers to gain valuable insights into the share of key players.

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Maersk Drilling to Launch a Low Emission Rig

As per the report, some of the key players operating in the global market include:

  • Kwangsung Co., Ltd
  • Johnson Matthey
  • HUG Engineering AG
  • Nippon Shokubai Co., Ltd
  • Crometech Inc.
  • Umicore AG and Co. KG
  • DCL International Inc.
  • Hitachi Zosen Corporation
  • Nett Technologies Inc.
  • CECO Co., Ltd
  • Babcock and Wilcox Enterprises, Inc.
  • Ducon Infratechnologies Limited
  • Yara International ASA

The market is expected to gain traction from the rise in strict regulations with regards to different greenhouse gas emissions such as nitrogen dioxide, sulfur dioxide, carbon monoxide, and carbon dioxide. This further caught the attention of several manufacturers and encouraged them to develop stationary catalytic systems to control levels of these emission gases. The rising concerns with regards to increasing environmental pollution are expected to drive the market. The Environmental Protection Agency (EPA) in the U.S. announced the introduction of a new law for reducing the emissions, that are responsible for climate change. EPA decided to continue working with National Ambient Air Quality Standards or NAAQS for reducing emissions of Nitrogen Oxide. With the growth in the chemical industry, the sales of these systems are expected to increase in the foreseeable future. All these factors are expected to drive the market in the forthcoming years.

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Some of the significant developments made by companies are mentioned below:

May 2019: Maersk Drilling announced the launch of a hybrid and low-emission rig. The aim of this rig is to reduce NOx emissions which will be equipped with energy emission efficiency software and selective catalytic reduction units.

April 2019: GEA Group received a contract from Thomas Zement GmbH and Co. KG to reduce NOx emissions in the flue gas. This contract encompasses two selective catalytic reduction systems which include effective handling of the flue gas transport through induced draft (ID) fans and integration into the Erwitte cement site.

Flourishing Chemical Industry to Drive the Market in North America

Considering regions, the market in North America is expected to register considerable growth in the forecast years. A higher contribution from the U.S. is responsible for driving the market in this region as this country is one of the largest producers of oil in the world. The presence of a well-established oil and natural gas industry is another factor boosting the market in this region. Furthermore, the chemical industry is growing at a steady pace, which in turn, is increasing demand for specialty chemicals in North America. This, coupled with the rising developments in the oil and natural gas industry, is expected to create growth opportunities for the market.

The market in Europe is expected to register considerable growth owing to the increasing developments in the automotive industry over the past few years. Countries such as France, Italy, UK, and Germany are putting constant efforts for the growth of this industry. This shows that the demand for stationary catalytic systems is expected to increase in this region. The market in the Middle East and Africa is expected to rise at a moderate growth rate owing to the growth in the chemical industry.

Key Market Driver Growth of Chemical and Automotive Industry

Key Market Restraint Availability of alternative technology

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Key Segmental Overview:

1. By Technology

  • Selective Catalytic Reduction System
  • Oxidation Catalyst System

2. By End-Use Industry

  • Chemical
  • Oil and Natural Gas
  • Power Plant
  • Metal and Mining
  • Cement
  • Others

3. By Geography

  • Chemical
  • Oil and Natural Gas
  • Power Plant
  • Metal and Mining
  • Cement
  • Others

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Major Table of Content ForStationary Catalytic SystemsMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  6. North America Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  7. Europe Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  8. Asia Pacific Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  9. The Middle East and Africa Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  10. Latin America Stationary Catalytic Systems Market Analysis, Insights and Forecast, 2028
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact Analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/stationary-catalytic-systems-market-100964

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