Global Oxy Fuel Combustion Technology Market is expected to Grow at a CAGR of 9.24% Over the Forecast Period, Owing the Need to Cut Down on Greenhouse Gas Emissions, says Reports N Markets

 2021-11-27 05:56:45
 

Rising concern among industrialists and individuals over excessive carbon dioxide emission in the atmosphere is leading the oxy fuel combustion technology market to grow. The excessive releases of other greenhouse gases continue to have a considerable impact on the climate.   

Currently, fossil fuel is the most used source in the world providing substantial energy, and use of the same is expected to persist for at least next few decades. Hence, in order to continue using fossil fuels in an effective and environmentally sustainable manner, whilst achieve net-zero emission, recycling technologies such as the oxy fuel combustion technology are being developed and used for large-scale commercial deployment and demonstration.

Companies are striving to come out with various oxygen generation technologies to separate valuable gas molecules to eliminate energy waste and reduce CO2 Emissions in the atmosphere. Technologies like pressure and vaccum swing adsorption, have also been found to substantially reduced the cost of separating O2 from air.

The use of carbon capture and storage technology has been widely recognized to represent one of the most efficient and cost-effective means of minimizing carbon emissions, with techniques such as oxy-fuel combustion, post-combustion, and pre-combustion employed depending on the stage of CO2 capture.

For instance, Osmoses, an MIT spinoff company is working towards efficient and sustainable separations of greenhouse gas emissions in the chemical industry. An effort that is critically required to cut costs, and enable sustainable energy solutions. The company with its molecular filters, which is exceptional stable, productive, and selective can separate molecules over 100,000 times smaller than the thickness of human hair.

It uses membrane platform technology that integrates easily with existing energy infrastructures such as carbon capture powered by oxy-fuel combustion, and hydrogen recovery opportunities. It solves the inherent trade-off between permeability and selectivity and delivers up to 5 times the selectivity and 100 times the permeability of conventional membranes.

Hence, in the coming years, the incorporation of various state-of-the-art application oxy fuel combustion technologies is expected to gain more popularity.

The detailed research study provides qualitative and quantitative analysis of global online cooking class market being analysed from demand as well as supply side. The analysis covers market revenue of demand side from across all the major countries. While it also analyses the supply side covering major market players from regional presence and strategies. The study covers geographical analysis on each of the major countries across North America, Europe,Asia Pacific, Middle East & Africa and Latin America,

Key Findings of the Report:

  • The global oxy fuel combustion technology market is expected to grow at a CAGR of 9.24% over 2021 – 2029. It had been valued at US$ 785.39 Mn in 2020 and is projected to rise by US$ 1731.59 Mn by 2029.
  • By offerings, the solutions segment accounted for the highest share in the global oxy fuel technology market in 2020; while the service segment was found to be the fastest growing over the forecast period.
  • In terms of applications, power generation segmented recorded the highest market share in 2020; while the metal coatings segment also accounted for the same.
  • By region, North America accounted for the highest share in the global oxy fuel combustion technology market in 2020.
  • Some of the leading companies operating in the global oxy fuel combustion technology market are Osmoses, Hitachi, Ltd., Air Liquide, EnconThermal Engineers Pvt. Ltd., Air Products and Chemicals, Inc., ESA S.p.A., Linde, and other market participants. 

 

Global Oxy Fuel Combustion Technology Market:

By Offering

o Solution

      • Injection Systems
      • Air Separation Units
      • Burner Assembly
      • Others

o Services

      • Design and Development
      • Installation Services
      • Engineering Services
      • Others

 

By Application

o Metal and Mining

o Power Generation

      • Gas Turbine
      • Fossil Fuel

o Waste Disposal

      • Garbage Incineration
      • Biomass Incineration

o Coatings and Sprays

      • Metal Coatings
      • Ceramic Coatings
      • Others

o Glass Manufacturing

o Cement Industry

o Others

 

By Region:

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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