North America to Grab the Lion’s Share in the Oxy-Fuel Combustion Technology Market

Wed, 23 September 2020 12:52

North America the highest share in global oxy-fuel combustion technology during the forecast period, 2017–2029. The continuous growth in the consumption of fossil fuel combustion for generating energy has surged the CO2 levels in the region. North America is home to several manufacturing industries, including metal and glass industry. These industries emit greenhouse gas and CO2 emissions, which is creating a need for clean air solutions.  

Rising CO2 emission has increased the prevalence of allergies among individuals. In order to curb the impact on health, the government in the region has implemented several programs, such as Clean Air Act, to monitor and regulate greenhouse gas emissions in the region.  

Impact of COVID-19

The COVID-19 outbreak has resulted in a halt in the production activities and caused severe disruption in the supply chain. The global restrictions of lockdown have significantly reduced carbon dioxide emissions. As per the World Economic Forum (WEF), the amount of CO2 released by human activity plummeted by 17% during the peak of the pandemic, April 2020.

The ongoing crises have compelled the governments to impose several restrictions and other measures, which have directly impacted the demand for energy and electricity. The lower production across the globe has resulted in lower demand for energy and caused a temporary reduction in CO2 emissions, further hampering the market growth.  

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Oxy-Fuel Combustion Technology Market?

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Key Highlights

  • The oxy-fuel combustion technology market is expected to grow with a CAGR of xx% owing to the rising environmental concerns and increasing industrialization across the globe
  • The glass manufacturing segment holds the highest market share of around 35–40% in the global market  
  • North America dominates the oxy-fuel combustion technology market strongly supported by the stringent government regulations for maintaining the environment air quality

Key Players

  • Air Liquide
  • Hitachi Ltd.
  • Air Products and Chemicals, Inc.
  • Encon Thermal Engineers Pvt. Ltd.
  • ESA S.p.A.
  • Falorni Gianfranco s.r.l.
  • General Electric Company
  • Jupiter Oxygen Corporation
  • Praxair Technology, Inc.
  • Linde AG

Oxy-Fuel Combustion Technology Market: Segmentation

By Offering

  • Solution
  • Service

By End-User

  • Oil and Gas
  • Power Generation
  • Glass Manufacturing
  • Industrial
  • Metals and Mining

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle-East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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