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 expansion observed in the historical period can be attributed to factors such as stringent environmental regulations, industrial expansion, a heightened focus on air quality, increased awareness of environmental issues, global energy consumption patterns, and 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 anticipated growth in the forecast period can be attributed to factors such as stricter emission standards, the integration of renewable energy, ongoing trends in urbanization and industrialization, global efforts to combat climate change, increasing public pressure, and corporate social responsibility initiatives. Key trends in the forecast period encompass technological innovations and advancements, particularly in catalytic technologies, an increased focus on energy efficiency, and the growing industrialization in emerging markets.

The anticipated surge in demand for clean energy sources is poised to drive the growth of the stationary catalytic systems market. Clean energy sources, involving renewable and non-polluting resources, have witnessed a substantial rise in capacity, contributing to the share of renewable energy globally. Stationary catalytic systems play a crucial role in enhancing the efficiency and performance of various clean energy sources while reducing dependence on fossil fuels. Notably, the International Renewable Energy Agency (IRENA) reported that the world's renewable energy capacity for electricity generation reached 3,064 gigawatts (GW) in 2021, marking a 9.1% increase in the share of renewable energy. Moreover, the International Energy Agency projects a significant expansion in global renewable capacity by 107 gigatons (GW) by 2023, underscoring the escalating demand for clean energy sources and driving the growth of the stationary catalytic systems market.

The increasing demand for hydrogen fuel cells is expected to be a driving force behind the growth of the stationary catalytic systems market. Hydrogen fuel cells, characterized by their ability to convert hydrogen's chemical energy into electricity through electrochemical processes, represent a sustainable energy solution. Their applications in stationary catalytic systems for purposes such as battery backup, uninterrupted power supply (UPS), and remote energy production are contributing to market growth. According to the Fuel Cell Hydrogen Observatory (FCHO), global shipments of hydrogen fuel cell systems increased by 75.7% in 2021, reaching 2,330.4 MW. Additionally, the deployment of hydrogen refueling stations in Europe surged by 11%, totaling 170 operational stations by the end of 2021. This surge in hydrogen fuel cell demand is a key factor propelling the growth of the stationary catalytic systems market.

The regulatory constraints are anticipated to pose limitations on the growth of the stationary catalytic systems market. Changes in regulatory requirements may impact the demand for these systems, as businesses might not be compelled to install them for emissions reduction. For instance, in 2022, a Supreme Court ruling in the United States overturned the Environmental Protection Agency's Cross-State Air Pollution Rule, relieving certain states' power plants from emission reduction obligations. Such regulatory constraints are poised to impede the growth of the stationary catalytic systems market.

Key players in the stationary catalytic systems market are adopting innovative technological solutions, including alumina catalyst technology, to gain a competitive edge. Alumina catalyst technology employs aluminum oxide (Al2O3) as a catalyst, known for its stability at high temperatures and tailorable surface properties. Unifrax, a US-based specialty materials provider, introduced Eco-lytic, a fiber-based nanostructured alumina catalyst technology designed to reduce vehicle emissions. This technology offers advantages such as up to 80% mass reduction of catalyst support media and up to 40% lower platinum group metal loading compared to traditional systems. The versatile design of Eco-lytic enhances efficiency and reduces costs, providing innovative packaging options for manufacturers and partners in the transportation sector.

In July 2021, BASF SE, a Germany-based chemical company, acquired Zodiac Enterprises LLC, reinforcing its capabilities for recycling chemical catalysts in North America. Zodiac Enterprises LLC, a US-based metal recycling company specializing in stationary catalytic systems, further strengthens BASF SE's position in the market.

Major companies operating in the stationary catalytic systems market report are Shell plc, BASF SE, Honeywell International inc., Bharat Heavy Electricals Limited, Yara International, Tenneco Inc., Johnson Matthey, Hitachi Zosen Corporation, Corning Incorporated, DuPont de Nemours Inc, Clariant AG, Durr Group, Umicore N.V., NIPPON SHOKUBAI CO. LTD, CECO Environmental, Babcock and Wilcox Enterprises Inc., Dinex Group, Ducon Infratechnologies Ltd., Kwangsung Corporation Ltd, Nett Technologies, Unifrax Holding Co., Air Clean Energy, DCL International, Catalytic Products International Inc., APC Technologies Inc., Advanced Catalyst Systems LLC.

Asia-Pacific was the largest region in the stationary catalytic systems market in 2023. The regions covered in the stationary catalytic systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the stationary catalytic systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The stationary catalytic systems market consists of sales of catalytic converters, heat exchangers, particulate filters, monitoring, and reporting systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary technologies included in stationary catalytic systems are selective catalytic reduction and oxidation catalysts. Selective Catalytic Reduction is an advanced emission control technology applied in various industries, particularly in automotive and power generation, to reduce nitrogen oxide emissions in exhaust gases. These systems target various pollutants, including NOX (nitrogen oxides), CO (carbon monoxide), hydrocarbons, HAP (hazardous air pollutants), DPM (diesel particulate matter), and NH3 (ammonia). The technology finds application across diverse industries, including chemical, oil and natural gas, power plants, metal and mining, cement, and others.

The stationary catalytic systems market research report is one of a series of new reports that provides stationary catalytic systems market statistics, including stationary catalytic systems industry global market size, regional shares, competitors with a stationary catalytic systems market share, detailed stationary catalytic systems market segments, market trends and opportunities, and any further data you may need to thrive in the stationary catalytic systems industry. This stationary catalytic systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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