The Stationary Catalytic Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Stationary Catalytic Systems
Global Market Report 2024, The stationary catalytic systems market size has grown strongly in recent
years. It will grow from $4.77 billion in 2023 to $5.11 billion in 2024 at a
compound annual growth rate (CAGR) of 7.2%.
The growth in the historic period
can be attributed to stringent environmental regulations, industrial expansion,
increased focus on air quality, rising awareness of environmental issues,
global energy consumption pattern, government incentives and subsidies.
The stationary catalytic systems market
size is expected to see strong growth in the next few years. It will grow to
$6.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be
attributed to stricter emission standards, renewable energy integration,
urbanization and industrialization trends, global efforts to combat climate
change, public pressure and corporate social responsibility. Major trends in
the forecast period include technological innovations, technological
advancements, technological advancements in catalytic technologies, increased
focus on energy efficiency, growing industrialization in emerging markets.
The increasing demand for clean energy sources is expected to propel the growth
of the stationary catalytic systems market going forward. Clean energy sources
refer to energy systems that generate energy produced using renewable,
non-polluting, zero-emission resources and include energy conserved through
energy-saving practices. Stationary catalytic systems are used in various clean
energy sources to improve their efficiency and performance, and to reduce
reliance on fossil fuels. For instance, in April 2021, according to the
International Renewable Energy Agency (IRENA), a UAE-based intergovernmental
organization, the capacity of the world's renewable energy sources to generate
electricity reached 3 064 gigawatts (GW) in 2021, adding 9.1% to the share of
renewable energy. Further, in June 2023, according to the International Energy
Agency, a France-based independent intergovernmental organization, global
renewable capacity upgrades are expected to expand by 107 gigatons (GW) by
2023. Therefore, increasing demand for clean energy sources is driving the
growth of the stationary catalytic systems market.
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The stationary catalytic systems market covered in this report is segmented –
1) By Technology: Selective Catalytic Reduction, Oxidation Catalyst
2) By Pollutant Type: Nox (Nitrogen Oxides), CO (Carbon Monoxide) Hydrocarbons,
HAP (Hazardous Air Pollutants), DPM (Diesel Particulate Matter), NH3 (Ammonia)
3) By End-Use Industry: Chemical, Oil And Natural Gas, Power Plant, Metal And
Mining, Cement, Other End-Use Industries
Major companies operating in the stationary catalytic systems market are
adopting new technological solutions, such as alumina catalyst technology, to
gain a competitive edge. Alumina catalyst technology is a type of heterogeneous
catalysis that uses aluminum oxide (Al2O3) as the catalyst, and it is stable at
high temperatures. It can be tailored to specific reactions by controlling
their surface properties. For instance, in April 2021, Unifrax, a US-based
provider of providing high-performance specialty materials, launched Eco-lytic,
a fiber-based, nanostructured alumina catalyst technology for reducing vehicle
emissions. This technology can reduce the mass of catalyst support media by up
to 80% and lower platinum group metal loading by up to 40% compared to
traditional systems. Eco-lytic is designed to replace existing technology in
catalytic converters and improve the efficiency of gasoline, diesel, and hybrid
vehicles. The adaptable design of Eco-lytic not only boosts productivity and
lowers costs, but it also gives manufacturers and partners in the
transportation sector innovative packaging choices. To fit the Eco-lytic
product into spaces where traditional technologies cannot, Unifrax can
customize its shapes and sizes to fulfill the needs of certain partners.
The stationary catalytic systems market report table of contents includes:
1. Executive Summary
2.
Stationary Catalytic Systems Market Characteristics
3.
Stationary Catalytic Systems Market Trends And Strategies
4.
Stationary Catalytic Systems Market - Macro Economic Scenario
5. Global
Stationary Catalytic Systems Market Size and Growth
.
32. Global Stationary Catalytic Systems Market Competitive Benchmarking
33. Global
Stationary Catalytic Systems Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Stationary Catalytic Systems Market
35.
Stationary Catalytic Systems Market Future Outlook and Potential Analysis
36.
Appendix
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