Europe Stationary Catalytic Systems Market Size, SWOT Analysis, Trends and Forecast up to 2025
Category: #energy-and-environment  By Ronak Bora  Date: 2021-06-02
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Europe Stationary Catalytic Systems Market Size, SWOT Analysis, Trends and Forecast up to 2025

The Europe stationary catalytic systems market size is set to reach USD 1 Bn by 2025. With the rising awareness associated with energy conservation across Europe, the rapid switch to energy-efficient and low-carbon infrastructure is expected to accelerate the Europe stationary catalytic systems industry share. As the region witnesses rapid adoption of clean technologies, the demand for these catalytic systems in the region is likely to soar.

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The rising concerns regarding NOx pollution and carbon emissions, increasing volume of foreign direct investments (FDI) and the ongoing research & development activities in the domain are some primary drivers of the market in Europe. The following five trends have been panning out opportunities for Europe stationary catalytic systems market players:

Increased installation of SCR technology

In terms of technology, the selective catalytic reduction system segment is set to register a high demand through the forecast timeframe. The escalating growth of the segment can be accredited to the aim of reducing NOx pollution by 95% in the region. With this aim in view, increasing amounts of investments are being made in R&D. The regulatory policies of the governments in the region have also been actively inciting the expansion of the Europe stationary catalytic systems market share.

Rising demand across power plants

The fast growth in industrialization coupled with the rising standards associated with equipment inspection, operation, and manufacturing has been pushing the demand for these systems in power plant units in Europe. Manufactured commodities have been gaining significant traction over the past few years in the region, due to which the demand from processing plants and manufacturing facilities is expected to surge further.

The implementation of the green agenda across the industrial sector, alongside the refurbishment of the existing plants has been fueling the installation of SCR solutions, boosting the Europe stationary catalytic systems market size.

Spiraling demand for electricity in Italy

The spiraling demand for reliable power supply across Italy has been eliciting substantial demand for stationary catalytic systems in the region. Due to the existence of stringent government rules regarding NOx emissions, the deployment of efficient power generation equipment that can curb environmental pollution has been trending.

Several industry leaders have been introducing state-of-the-art machinery and tools across the power generation sector. The existing infrastructure is also being refurbished with the compliances in view, fostering the deployment of stationary catalytic systems across Europe.

Use of catalytic systems in Russian market

The surging concerns pertaining to the harm to the environment as well as human and animal health has been responsible for increasing level of demand for superior quality SCR solutions in Russia. The execution of effective directives by the Russian regulatory bodies has been compelling the adoption of latest technologies to curb NOx emissions.

Another benefit for the Russian industry outlook is the easy availability of coal and other raw materials required in the process. Tax inversions have also been contributing toward the Europe stationary catalytic systems market trends.

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Hug Engineering, MAN, McGill AirClean, Yara, Johnson Matthey, AMEC Foster Wheeler, Babcock and Wilcox, Ducon, and DCL International are some prominent manufacturers in Europe stationary catalytic systems industry.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology and Scope

1.1.  Methodology

1.2.  Market definitions

1.3.  Market estimates & forecast parameters

1.4.  Data sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1.       Paid sources

1.4.2.2.       Public sources

Chapter 2.   Executive Summary

2.1.  stationary catalytic systems market 3600 synopsis, 2014 – 2025

Chapter 3.  Stationary Catalytic Systems Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2014 - 2025

3.3.  Industry ecosystem analysis

3.3.1. Vendor matrix

3.4.  Regulatory landscape

3.5.  Industry impact forces

3.5.1. Growth drivers

3.5.2. Industry pitfalls & challenges

3.6.  Porter's analysis

3.7.  Competitive landscape, 2018

3.7.1. Strategy dashboard

3.8.  PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1153/europe-stationary-catalytic-systems-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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