- Solution
- Services
Oxy-Fuel Combustion Technology Market size was valued at USD 468.7 million in 2022 and is expected to grow at a 9.6% CAGR from 2023 to 2029. In oxy-fuel combustion technology instead of air, pure oxygen stream is used for combustion. Air pollution is one of the most serious health and environmental issue worldwide. Many chronic diseases mor disorders like lung cancer, chronic obstructive pulmonary disease, heart disease, lower respiratory infection are caused due to air pollution. For instance, according to a research study, about 5 million deaths were recorded due to air pollution in 2017. Whereas oxy-fuel combustion technology helps in reducing the exhaust gas volume about 75% in the air. Thus, increasing environment consciousness among the people about the harmfulness of air pollution and increasing awareness of reducing air pollution is expected to drive the market growth over the forecast period. In addition, increasing government initiatives to reduce air compressor pollution, rapid industrialization, increasing number of power plants and adoption of oxy-fuel combustion technology is expected to boost the growth of oxy-fuel combustion technology market at a significant rate. However, the high cost of oxy-fuel combustion technology when compared to conventional counterpart, and increasing developments of substitute in the market is expected to hinder the growth of oxy-fuel combustion technology market over the forecast year. Furthermore, increasing investments by market players in research and development and advancement of technology in reducing the air pollution is expected to provide opportunity to to drive the market growth in the projected years. Geographically, Asia Pacific region held the major market share in 2022 and is expected to dominate the global oxy-fuel combustion technology market in the forecasted years.
Oxy-Fuel Combustion Technology Market Key Developments:
- In 2020, Linde announced their partnership with Indian Oil Corporation Praxair India Private Limited operated an air separation unit (ASU) to supply oxygen and nitrogen to its incumbent customer, IOCL.
Oxy-Fuel Combustion Technology Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
9.6%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Oxy-Fuel Combustion Technology Market Dynamics
Oxy-fuel combustion technology market is expected to grow over the forecasted period due to the increasing environmental consciousness among the public about air pollution and rising awareness in lowering the impact of air pollution on environment. The increasing health issues related to air pollution is expected to boost the need of oxy-fuel combustion technology market over the forecasted years. In addition, government initiatives to reduce air pollution and rising environmental awareness of companies and increased adoption of cleaner technology is expected to further boost the growth of oxy-fuel combustion technology market in a significant rate over the forecast period.
Asia-Pacific Got Significant Share
oxy-fuel combustion technology market region analysis
Oxy-fuel combustion technology market is segmented based on regions into North America, Asia-pacific, Europe, Latin America and Middle East and Africa. Asia Pacific oxy-fuel combustion technology market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the rapid urbanization and industrialization in this region. in addition, increasing demand for energy in this region and rising standard of life of population in this region has resulted in growing investments in powerplants in this region. North America region is expected to have a significant growth over the forecast period owing to increasing demand for oil & Gas in countries like US and Canada in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Oxy-Fuel Combustion Technology Market Segmentation
By Offerings
By End Use Industry
- Oil & Gas Industry
- Power Generation
- Manufacturing
- Metal & Mining
- Others
By Geography
- North America
- Europe
- The Asia Pacific
Frequently Asked Questions
Oxy-Fuel Combustion Technology market was valued at USD 468.7 million in 2022, and is expected to grow at a 9.6% CAGR from 2023 to 2029
Asia Pacific oxy- fuel combustion technology market is expected to hold maximum market share and dominate the market over the forecast period.
The leading players in the global Oxy-Fuel Combustion Technology market are Hitachi Ltd, Air Products & Chemicals Inc, Falorni Gianfranco, Encon Thermal Engineers Pvt Ltd., General Electric Company., Praxair Technology Inc, Jupiter Oxygen Corporation, Linde, Heidelberg Cement AG, ESA S.P.A, Air Liquide
High cost of oxy-fuel combustion technology and availability of substitutes in market is expected to hinder the market growth over the forecast period.
| 1.Executive Summary |
| 2.Global Oxy-Fuel Combustion Technology Market Introduction |
| 2.1.Global Oxy-Fuel Combustion Technology Market - Taxonomy |
| 2.2.Global Oxy-Fuel Combustion Technology Market - Definitions |
| 2.2.1.Offerings |
| 2.2.2.End Use Industry |
| 2.2.3.Region |
| 3.Global Oxy-Fuel Combustion Technology Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Oxy-Fuel Combustion Technology Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Oxy-Fuel Combustion Technology Market By Offerings, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Solution |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Services |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Oxy-Fuel Combustion Technology Market By End Use Industry, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Oil & Gas Industry |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Power Generation |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Manufacturing |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Metal & Mining |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Oxy-Fuel Combustion Technology Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Oxy-Fuel Combustion Technology Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Offerings Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Solution |
| 8.1.2.Services |
| 8.2. End Use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Oil & Gas Industry |
| 8.2.2.Power Generation |
| 8.2.3.Manufacturing |
| 8.2.4.Metal & Mining |
| 8.2.5.Others |
| 8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Oxy-Fuel Combustion Technology Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Offerings Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Solution |
| 9.1.2.Services |
| 9.2. End Use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Oil & Gas Industry |
| 9.2.2.Power Generation |
| 9.2.3.Manufacturing |
| 9.2.4.Metal & Mining |
| 9.2.5.Others |
| 9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Oxy-Fuel Combustion Technology Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Offerings Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Solution |
| 10.1.2.Services |
| 10.2. End Use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Oil & Gas Industry |
| 10.2.2.Power Generation |
| 10.2.3.Manufacturing |
| 10.2.4.Metal & Mining |
| 10.2.5.Others |
| 10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Oxy-Fuel Combustion Technology Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Offerings Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Solution |
| 11.1.2.Services |
| 11.2. End Use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Oil & Gas Industry |
| 11.2.2.Power Generation |
| 11.2.3.Manufacturing |
| 11.2.4.Metal & Mining |
| 11.2.5.Others |
| 11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Oxy-Fuel Combustion Technology Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Offerings Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Solution |
| 12.1.2.Services |
| 12.2. End Use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Oil & Gas Industry |
| 12.2.2.Power Generation |
| 12.2.3.Manufacturing |
| 12.2.4.Metal & Mining |
| 12.2.5.Others |
| 12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Hitachi Ltd |
| 13.2.2.Air Products & Chemicals Inc |
| 13.2.3.Falorni Gianfranco |
| 13.2.4.Encon Thermal Engineers Pvt Ltd. |
| 13.2.5.General Electric Company. |
| 13.2.6.Praxair Technology Inc |
| 13.2.7.Jupiter Oxygen Corporation |
| 13.2.8.Linde |
| 13.2.9.HEIDELBERGCEMENT AG |
| 13.2.10.ESA S.P.A |
| 13.2.11.Air Liquide |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Hitachi Ltd
- Air Products & Chemicals Inc
- Falorni Gianfranco
- Encon Thermal Engineers Pvt Ltd.
- General Electric Company.
- Praxair Technology Inc
- Jupiter Oxygen Corporation
- Linde
- HEIDELBERGCEMENT AG
- ESA S.P.A
- Air Liquide