The global oxy fuel combustion technology market was valued at US$ 147,597.8 Thousands in 2020 growing at a CAGR of 7.67% over the forecast period (2021 – 2030). A new statistical data titled as Oxy Fuel Combustion Technology Market has been published by Absolute Markets Insights. Various features of recent trends have been developed to provide an in-depth analysis of industry development. Effective research methods such as qualitative and quantitative analysis were used to obtain accurate data.
Top Key Players includes in this report: Air Liquide, Air Products and Chemicals, Inc., EnconThermal Engineers Pvt. Ltd., ESA S.p.A., FalorniGianfranco s.r.l., GENERAL ELECTRIC, Hitachi, Ltd., JUPITER OXYGEN CORP, Linde, Other Market Participants.
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Based on offerings, the global oxy fuel combustion technology market is segmented into – solution and services, with the former showing the highest market share in 2020. The market participants are providing mainly three types of solutions, i.e. Injection Systems, Air Separation Units, and Burner Assembly amongst others. For example - The thyssenkrupp Industrial Solutions developed polysius pure oxy fuel technology for optimum CO2 separation. The oxyfuel technology replaces ambient air in the clinker production process with pure oxygen introduced into the front zone of the cooler. As the nitrogen content of the air is no longer present, the CO2 concentration in the kiln exhaust gas can be increased to up to 100%. This form of efficient CO2 separation serves as the basis for the downstream utilisation or storage of carbon dioxide.
Based on application, the global oxy fuel combustion technology market is segmented into metal and mining, power generation, waste disposal, coatings and sprays, glass manufacturing, and cement industry. Among these the power generation segment accounted for the highest market share in 2020. In power generation, oxy fuel combustion technology can be employed in boilers to generate steam which in turn runs the turbine or will directly gasify coal to drive a gas turbine. For instance, Jupiter Oxygen Corporation, a U.S. based clean energy technology company specializing in high flame temperature oxy-combustion and carbon capture technologies has developed a proprietary patented oxy-fueled combustion method applied to power generation boilers.
Based on the regions, North America accounted for a significant share in the global oxy fuel combustion technology market in 2020, while Europe was found to be the fastest growing market over the forecast period. The presence of leading companies such as Linde Engineering Americas (LEA), which has been recently selected by the U.S.
Global Oxy Fuel Combustion Technology Market:
By Offering
- Solution
- Injection Systems
- Air Separation Units
- Burner Assembly
- Others
- Services
- Design and Development
- Installation Services
- Engineering Services
- Others
By Application
- Metal and Mining
- Power Generation
- Gas Turbine
- Fossil Fuel
- Waste Disposal
- Garbage Incineration
- Biomass Incineration
- Coatings and Sprays
- Metal Coatings
- Ceramic Coatings
- Others
- Glass Manufacturing
- Cement Industry
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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