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Europe Stationary Catalytic Systems Market To Exceed $ 1 Bn by 2025
Published Date: 2019-05-02
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According to the Graphical Research new growth forecast report titled “Europe Stationary Catalytic Systems MarketSize By Technology (Selective Catalytic Reduction System, Oxidation Catalyst), By Application (Power Plants, Chemical & Petrochemical, Cement, Metal, Marine, Manufacturing), Industry Analysis Report, Country Outlook (Germany, UK, Italy, Norway, France, Spain, Russia, Denmark, Netherlands, Ukraine, Belarus), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025”, estimated to exceed USD 1 Billion By 2025.
Growing focus toward power conservation accompanied by a swift shift to low-carbon and energy efficient buildings is anticipated to drive the Europe stationary catalytic systems market growth. Refurbishment of conventional industrial buildings owing to stringent mandates and zero building emission codes is set to drive the product demand. Growing policies & measures by the European Commission with an aim to promote the EU energy efficiency target of 20% by 2020 will complement the industry outlook.
SCR stationary catalytic systems market is set to grow owing to its 95% NOx reduction achievability. Increasing regulatory policies along with growing investments and R&D activities will positively influence the product installation. Moreover, rising environmental concerns coupled with the increasing demand for environment efficient systems will encourage the business growth.
Italy stationary catalytic systems market will grow considerably on account of rising electricity demand along with increasing focus toward NOx reduction. Stringent government mandates & protocols coupled with ongoing technical advancement with an aim to improve product features will complement the product demand. Moreover, current retrofitting activities coupled with replacement of conventional infrastructure will strengthen the business outlook.
Power plants stationary catalytic systems market will grow by 2025. Rapid industrialization along with growing standards pertaining equipment inspection, construction and operation is projected to augment the product demand. In addition, rising demand for manufactured commodities has resulted in the extension of processing & manufacturing plants, boosting the SCR installation. Moreover, refurbishment of the current plants with the requirement of green agenda is an underline parameter complementing the industry landscape.
Russia market will witness growth on account of rising health and environment concerns along with stringent directives to combat the pollution. In addition, easy availability of coal, introduction regulatory framework and rapid industrialization are some of the key factors driving the product penetration. Further, M&A’s, tax inversions and increasing FDI will strengthen the business outlook.
Notable industry participants across the market includes comprise of MAN, Babcock and Wilcox, Agriemach, Hug Engineering, Johnson Matthey, DCL International, McGill AirClean, Yara, CORMETECH, AMEC Foster Wheeler, and Ducon.
Segments we cover:
Europe Stationary Catalytic Systems Market Statistics, By Technology
- Selective Catalytic Reduction System
- Oxidation Catalyst
Europe Stationary Catalytic Systems Market Statistics, By Application
- Power Plants
- Chemical & Petrochemical
The above information is provided for the following countries: