Connect with us

Research Reports

Industrial Catalytic Converters Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The Personal Watercraft Market To Fathom The Depth Of Innovation

 

Industrial catalytic converters are devices used to control the emission of toxic and harmful pollutants from exhaust gasses by converting them through a redox reaction. A redox reaction consists of either an oxidation reaction or a reduction reaction. As many countries have stringent norms pertaining to environmental safety, every industrial exhaust system should contain catalytic converters. Industrial catalytic converters find application in several industries, such as refinery, steel, and manufacturing, where the emission of toxic gasses is high.

An industrial catalytic converter is made of two columns, ceramic and metallic, and both the columns have a catalyst coating. The ceramic column provides protection from thermal and vibration shocks, and the metallic column is directly mounted on the main body. In this device, platinum, rhodium or palladium are used as catalysts and they are coated on the ceramic column, and attached to the outlet. Earlier, platinum was a widely used catalyst, but nowadays, due to the high cost of platinum, the use of rhodium and palladium is trending.

These devices are mainly used to convert harmful exhaust gasses, such as CO (carbon monoxide), HC (hydrocarbons), and NO (nitrogen oxides), among others into less toxic and harmful gasses, such as CO2 (carbon dioxide), N2 (nitrogen), and others.

Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-3496

While there are many types of industrial catalytic converters, two of the prominent ones are two-way catalytic converter and three-way catalytic converter. Two-way industrial catalytic converters are mainly used in some engines, such as diesel, gasoline, and others in order to decrease the emission of CO (carbon monoxide), NO (nitrogen oxide) and HC (hydrocarbons). Three-way converters are used to control highly harmful and toxic gasses emission, such as NO2 (nitrogen dioxide), and nitric oxide, among others that cause smog and acid rain.

Industrial catalytic converters are devices used to control the emission of toxic and harmful pollutants from exhaust gasses by converting them through a redox reaction. A redox reaction consists of either an oxidation reaction or a reduction reaction. As many countries have stringent norms pertaining to environmental safety, every industrial exhaust system should contain catalytic converters. Industrial catalytic converters find application in several industries, such as refinery, steel, and manufacturing, where the emission of toxic gasses is high.

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-3496

Regional Outlook

The Asia Pacific region holds a majority of the market share as compared to other regions, followed by Europe and then North America – both of which are expected to grow at the same rate. The demand for industrial catalytic converters in countries, such as China, India, and South Korea in Asia Pacific is expected to grow, owing to the continuous growth of chemical and textile industries in the region.

Europe is seen as a potential market for the industry, due to the upcoming emission standards for the reduction of carbon monoxide from various industries. Also, Europe and North America show promising opportunities for the industrial catalytic converters market, as the regions are chemical manufacturing hubs. The demand for industrial catalytic converters is anticipated to grow at a CAGR of around 8% globally over the forecasted period, which can be attributed to the increase in demand from textile and manufacturing industries.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Ask Us Your Questions About This Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-3496

By Segmentation

Market segmentation of the industrial catalytic converters market on the basis of its types:

  • Two-Way
  • Three-Way

Market segmentation of the industrial catalytic converters market on the basis of the applications:

  • Portable Generators, Portable Heaters
  • Furnace and Chimney
  • Forklifts, Cranes and Lifting Equipment
  • Air Compressors
  • Drilling and Well-Digging Machines
  • Pile Drivers and Bridge-Building Machinery
  • Construction Equipment
  • Others

Market segmentation of the industrial catalytic converters market on the basis of the end use industry:

  • Oil and Gas
  • Chemical
  • Metal and Mining
  • Textile
  • Automobile

FMI’s Extensive Coverage on Industrial Automation Domain

Steam Jet Ejector Market – Steam Jet Ejector Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Bioprocessing Systems Market – Bioprocessing Systems Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Floor Grinding Machine Market – Floor Grinding Machine Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com 

For Media Enquiries: press@futuremarketinsights.com 

Website: https://www.futuremarketinsights.com/ 

Report: https://www.futuremarketinsights.com/reports/industrial-catalytic-converters-market 

Continue Reading
Editorial & Advertiser disclosure

Recommended