DUBLIN--(BUSINESS WIRE)--The "Oxy Fuel Combustion Technology Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offerings (Solution and Services), End-Use Industry (Oil & Gas, Power Generation, Manufacturing, Metal & Mining, and Others)" report has been added to ResearchAndMarkets.com's offering.

The global oxy fuel combustion technology market was valued at US$ 386.52 million in 2020 and is expected to grow at a CAGR of 9.6% during the forecast period from 2021-2028 to reach US$ 749.60 million by 2028.

The rising concern for carbon dioxide emission in the atmosphere is a major factor driving the oxy fuel combustion technology market. Anthropogenic CO2, that is CO2 produced because of human activities, comes from the combustion of fossil fuels in power plants, transportation, and industrial sources. Fossil fuels currently provide the most of the world's energy, and this situation is expected to persist for at least next few decades. Thus, to continue using fossil fuels in an effective and environmentally sustainable manner, near-zero emission technologies are being developed for demonstration and large-scale commercial deployment. The state-of-the-art application of oxy-fuel combustion technology to fossil-fuel energy conversion systems provides an opportunity to develop new designs, improving the competence of baseline combustion processes, and reducing their environmental footprints, including greenhouse gas emissions, through CO2 capture and storage.

The global oxy fuel combustion technology market is segmented into offerings, end-use industry. Based on offerings, the market is segmented into solution and services. Based on end-use industry, the market is segmented into oil & gas, power generation, manufacturing, metal & mining, and others. By geography, the oxy fuel combustion technology market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

A few key players operating in the global oxy fuel combustion technology market and profiled in this market study are Air Liquide; Air Products and Chemicals, Inc.; Encon Thermal Engineers Pvt. Ltd.; ESA S.p.A.; Falorni Gianfranco s.r.l.; General Electric Company; Hitachi Ltd..; Jupiter Oxygen Corporation; Linde; and HEIDELBERGCEMENT AG, amongst others.

The overall global oxy fuel combustion technology market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the oxy fuel combustion technology market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the oxy fuel combustion technology market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global oxy fuel combustion technology market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global oxy fuel combustion technology market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Increasing Government Initiatives to Reduce Air Pollution
• Rising Demand for Minimizing Gas Emissions in Industrial Processes

Restraints

• High Energy Requirement and High Cost Associated with Oxy Fuel Technology Solutions

Opportunities

• Growing Demand for Oxy Fuel Combustion Technology Among Developing Countries

Future Trends

• Air Pollution Awareness Programs in Developed and Developing Countries

Companies Mentioned

• Air Liquide
• Air Products and Chemicals, Inc.
• Encon Thermal Engineers Pvt. Ltd.
• ESA Pyronics International
• Falorini Gianfranco SRL
• General Electric Company
• Hitachi Ltd.
• Jupiter Oxygen Corporation
• Linde
• HEIDELBERGCEMENT AG

For more information about this report visit https://www.researchandmarkets.com/r/nzpa82

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