Combustion Equipment Market
Global Combustion Equipment Market Size, Share & Trends Analysis Report by product (Components, Systems, and Monitoring & Control Instruments), by Application (Process Industries, Metallurgy, Cement Industry, Refining & petrochemicals, Energy & Power, and Aerospace & Marine), Forecast 2022-2028 Update Available - Forecast 2024-2030
The combustion equipment market is expected to grow at a significant CAGR of 4.8% during the forecast period. The major factors expected to drive the growth of the global combustion equipment market during the forecast period are the large investment made with the goal of increasing power generation capacities, growing opposition to nuclear power, and rising concerns about volatile organic compounds and hazardous air pollution. The International Energy Agency (IEA) published a document that shows that nuclear power production is expected to grow around 46% by 2040 and more than 90% of the net increase will come from India and China. Besides shale gas combustion rise might be viewed as an opportunity in the market. This will create significant scope for the market growth.
Impact of COVID-19 Pandemic on Combustion Equipment Market
The COVID-19 pandemic has impacted the global economy due to a slowdown in the manufacturing of various industries. Due to the COVID-19 outbreak supply chain and manufacturing of industrial equipment have been severely disrupted. Outbreak across the world caused lockdown in almost every country, which has led the industry to shut down its operations and supply chain. The industry was started to pick up the pace as governments across the globe lifted the lockdown to revive the economy.
Segmental Outlook
The combustion equipment market is segmented based on the product and application. Based on product, the market is sub-segmented into components, systems, and monitoring & control instruments. Based on application, the market is sub-segmented into the process industries, metallurgy, cement industry, refining & petrochemicals, energy & power, and aerospace & marine. Among these segments, aerospace & marine segment is expected to lead the application segment as they demand systems and equipment that are the most energy-efficient.
Global Combustion Equipment Share by Product, 2021 (%)
Monitoring & Control Instrument is Holding a Prominent Share in the Global Combustion Equipment Market
Monitoring & Control Instrument is expected to lead the product segment based on its wide application in varied industries such as oil, gas, chemicals, and others. It is important because control instruments prevent employees from potential exposure to hazardous substances and avoid accidents at workplaces. Moreover, combustion-control systems lack continuous carbon monoxide and nitrogen oxide emissions monitoring capability and the automated controls needed to improve fuel performance. The monitoring & control instruments enabled continuous monitoring and combustion control and demonstrated improved efficiency and reduced emissions.
Regional Outlooks
the combustion equipment market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Asia Pacific region is expected to drive the market as India and China are among those countries that have decided to invest heavily in the power generation industries which boost the demand for combustion equipment.
Global Combustion Equipment Market Growth, by region 2022-2028
Asia Pacific Region is Estimated to Hold the Major Share in the Global Combustion Equipment Market
The Asia-Pacific is anticipated to hold a prominent share in the market. India and China are two countries that have decided to invest heavily in the power generation industry, which results in an increasing demand for combustion equipment. The continual rise of the industrial sector in the region coupled with increasing need for power, has necessitated the construction of larger electricity-producing facilities thereby increasing the demand for combustion equipment.
Market Players Outlook
The major companies serving the global Combustion Equipment Market include ABB Ltd., Adwest Technologies, Inc., Alfa Laval AB, Alstom SA, Bloom Engineering Company, Inc., and others. The growth of the market is considerably contributed by the market player for the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, recently, Alstom signed a long-term agreement with Harbin turbine corporation of China to license the manufacturing, assembly, and sale of its gas turbine in the country through HTC. This agreement has also opened doors for Alstom to address the high potential Chinese market.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Combustion Equipment Market. Based on the availability of data, information related to the market, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on The Global Combustion Equipment Market
• Recovery Scenario of Global Combustion Equipment Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. ABB Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Adwest Technologies, Inc
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Alfa Laval AB
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Alstom SA
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Bloom Engineering Company, Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Combustion Equipment Market by Product
4.1.1. Components
4.1.2. Systems
4.1.3. Monitoring & Control Instruments
4.2. Global Combustion Equipment Market by Application
4.2.1. Process Industries
4.2.2. Metallurgy
4.2.3. Cement Industry
4.2.4. Refining & Petrochemicals
4.2.5. Energy & Power
4.2.6. Aerospace & Marine
4.2.7. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Babcock & Wilcox Enterprises Inc.
6.2. Callidus Technologies, L.L.C.
6.3. Catalytic Products International
6.4. Cleaver-Brooks, Inc.
6.5. Dongfang Boiler Group Co., Ltd.
6.6. Doosan Corporation
6.7. Exelon Corporation
6.8. General Electric Company
6.9. Harbin Turbine Co. Ltd.
6.10. Hitachi Ltd.
6.11. Honeywell International Inc.
6.12. Maxon Corp.
6.13. Mitsubishi Heavy Industries Ltd.
6.14. Nestec, Inc.
6.15. Siemens AG
6.16. Titan Logix Corp.
6.17. Toshiba Corporation
1. GLOBAL COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL COMPONENTS IN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SYSTEMS IN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MONITORING & CONTROL INSTRUMENTS IN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL COMBUSTION EQUIPMENT FOR PROCESS INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL COMBUSTION EQUIPMENT FOR METALLURGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL COMBUSTION EQUIPMENT FOR CEMENT INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL COMBUSTION EQUIPMENT FOR REFINING & PETROCHEMICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL COMBUSTION EQUIPMENT FOR ENERGY & POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL COMBUSTION EQUIPMENT FOR AEROSPACE & MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
15. NORTH AMERICAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
18. EUROPEAN COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. REST OF THE WORLD COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. REST OF THE WORLD COMBUSTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL COMBUSTION EQUIPMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL COMBUSTION EQUIPMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL COMBUSTION EQUIPMENT MARKET, 2022-2028 (%)
4. GLOBAL COMBUSTION EQUIPMENT MARKET BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL COMPONENTS IN COMBUSTION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SYSTEMS IN COMBUSTION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MONITORING & CONTROL INSTRUMENTS IN COMBUSTION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL COMBUSTION EQUIPMENT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL COMBUSTION EQUIPMENT FOR PROCESS INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL COMBUSTION EQUIPMENT FOR METALLURGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL COMBUSTION EQUIPMENT FOR CEMENT INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL COMBUSTION EQUIPMENT FOR REFINING & PETROCHEMICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL COMBUSTION EQUIPMENT FOR ENERGY & POWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL COMBUSTION EQUIPMENT FOR AEROSPACE & MARINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL COMBUSTION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
18. UK COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD COMBUSTION EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
