Global Combustion Controls Equipment & Systems Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Combustion Controls Equipment & Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global combustion controls, equipment & systems market report has been segmented on the basis of product, application, and region.
Global Combustion Controls Equipment & Systems Market: Overview
Combustion control equipment and systems helps in cleaning environment by adopting pollution prevention technologies and standards.
Global Combustion Controls Equipment & Systems Market: Dynamics
Rising concerns regarding hazardous air pollution (HAP) emissions and volatile organic compounds (VOC) along with favorable government regulations regarding emission control and environment safety are major factors expected to drive revenue growth of the target market. In addition, growing demand for electricity, growth in the industrial sector, and significant investments in power plants are some factors expected to support growth of the combustion controls equipment & systems market. Moreover, factors such as increasing research and development activities and increasing investments for futuristic technologies are expected to boost demand for the combustion controls equipment & systems, which is expected to fuel growth of the global combustion controls equipment & systems market.
On the other hand, the availability of substitutes, intense competition, and competitive prices are some factors expected to hamper growth of the global combustion controls equipment and systems market. However, rapid growth of the shale gas industry is projected to create lucrative opportunities for growth of the global combustion controls equipment & systems market.
Global Combustion Controls Equipment & Systems Market: Segment Analysis
Among the product segments, the monitoring & control instruments segment is projected to account for major revenue share in the global market.
Among the application segments, the aerospace and marine segment is expected to account major revenue share in the global market.
Global Combustion Controls Equipment & Systems Market: Region Analysis
Among the regions, the Asia Pacific combustion controls equipment & systems market is estimated to account for major share in terms of revenue in the global market. This is attributed to rapid technological advancements and heavy investments in power generation industries in China and India are some factors expected to drive growth of the target market in the region. According to a document published by the International Energy Agency (IEA), nuclear power production is expected to grow by around 46% by 2040 — and more than 90% of the net increase will come from India and China. In addition, concerns regarding VOC and HAP emissions, and revised emission norms are expected to fuel growth of the target market.
The combustion controls equipment & systems market in Europe is expected to grow at a moderate growth rate. Countries such as Germany, Spain, Belgium, and Switzerland have decided to close all of its nuclear power plants by the end of 2022, owing to high-level radioactive waste (HLW) generated by nuclear reactor which might cause life-threatening diseases such as cancer.
Global Combustion Controls, Equipment & Systems Market Segmentation:
Segmentation by Product:
- Components (boilers, incinerators, thermal oxidizers, and gas turbines)
- Systems (burner management systems and boiler control systems; and emission control systems such as fabric filters, electrostatic precipitators, and Flue Gas Desulphurization (FGD) systems)
- Monitoring & Control Instruments (actuators and valves, gas turbine inlet air filters, flow meters, combustion analyzers, and sensors (pressure, temperature and level sensors)
Segmentation by Application:
- Process Industries
- Cement Industry
- Refining & Petrochemicals
- Energy & Power
- Aerospace & Marine
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- CECO Environmental
- Alfa Laval AB
- Alstom SA
- Bloom Engineering Company, Inc.
- Callidus Technologies, L.L.C.
- Catalytic Products International Inc.
- Cleaver-Brooks, Inc.
- Dongfang Boiler Group Co., Ltd.
- Doosan Group
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