The global stationary emissions control market size was USD 42.06 Billion in 2021 and is expected to register a rapid revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Stringent emission control regulations and rapid industrialization and urbanization are key factors driving market revenue growth. Automotive and industrial emissions are increasing rapidly due to on-road and off-road emission sources, which in turn, is leading to air pollution and other environmental issues. End-use companies operating in various countries are implementing strategies, such as rapid adoption of catalytic converters, among others. In addition, governments in emerging economies are implementing stringent emission regulations, which are mandating use of lighter, faster, and low-consumption vehicles, thereby rising demand for stationary emissions control systems.
Some of the key factors driving the growth of the global Stationary Emissions Control market include expanding R&D efforts to develop novel Stationary Emissions Control products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Stationary Emissions Control
The COVID-19 pandemic had a significant negative influence on the market for Stationary Emissions Control in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Stationary Emissions Control were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Stationary Emissions Control in 2020. Additionally, demand for Stationary Emissions Control decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Stationary Emissions Control market : Competitive Landscape
The prominent players operating in the Stationary Emissions Control market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Stationary Emissions Control market .
Some of the prominent players operating in the market are:
Johnson Matthey, BASF SE, Umicore, Tenneco Inc., Heraeus Holding, Clariant, CDTi Advanced Materials Inc., Cummins Inc., Bosal, and Cormetech
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Stationary Emissions Control market ?
What are the key factors driving the Global Stationary Emissions Control market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Stationary Emissions Control market ?
Who are the distributors, traders, and dealers of Stationary Emissions Control market ?
What are the Stationary Emissions Control market opportunities and threats faced by the vendors in the Global Stationary Emissions Control industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
- Catalyst Type Outlook (Revenue, USD Billion; 2019-2030)
- Honeycomb Catalyst
- Plate Catalyst
- Corrugated Catalyst
- Others
- System Outlook (Revenue, USD Billion; 2019-2030)
- Air-Injection System
- EGR System
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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Regional Bifurcation of the Stationary Emissions Control market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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