Chemical Reaction Engineering
According to the 'law of mass action', the rate of reaction is directly proportional to the

Equilibrium constant
Nature of the reactants
Molar concentration of the reactants
Volume of the reaction vessel

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Chemical Reaction Engineering
A space velocity of 5 hr⁻¹ means that

Five reactor volumes of feed (at specified conditions) are being fed into the reactor per hour
A fixed conversion of a given batch of feed takes 5 hours
After every 5 hours, reactor is being filled with the feed
Cent per cent conversion can be achieved in at least 5 hours

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