Asia Pacific Oxy Fuel Combustion Technology Market to Grow at a CAGR of 11.7% to reach US$ 158.77 million from 2021 to 2028

The oxy fuel combustion technology market in APAC is expected to grow from US$ 73.29 million in 2021 to US$ 158.77 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028.

Air pollution awareness programs in both developed and developing countries have experienced a surge over the years to combat against the rising climatic changes due to the increasing emission of greenhouse gases. Some of the international government organizations working on the awareness programs are World Health Organization and The World Economic Forum, among others. Similarly, various non-profit private organizations are also taking initiatives to educate industries regarding the harmful gases emitted by them in the environment.These organizations include The Coalition for Clean Air, The Union of Concerned Scientists, and Earthjustice. Thus, the rising initiatives by the above-mentioned organizations are influencing the end-user industries to adopt technologies that will reduce the emission of hazardous gas in the environment, thereby contributing to the growth of the APAC oxy fuel combustion technology market
APAC constitutes a few of the world’s most populated countries that are also hub for manufacturing, namely India and China. China virtually imposed strict lockdown and social isolation, which almost halted the manufacturing and production for several weeks. Moreover, the country also suspended the import as well as export of critical raw materials and components, which disrupted the APAC supply chains in early 2020. India also imposed a nationwide lockdown to keep a check on the growing COVID-19 cases across the country. As a result, the discontinuation of industrial activities across China and India contributed to the disruption of supply chains of various industries. Production of essential commodities were permissible; however, the production of other goods including metal and glass was halted for weeks, Since oxy fuel combustion technology is prominently used in metal and glass production in APAC, the suspended operations in these industries lowered the demand for the said technology. However, as industries including power generation and waste disposal management have been functional throughout the pandemic, they continued to generate the demand for oxy fuel technology. Therefore, companies including Hitachi Ltd. and General Electrical were able to maintain their cash flows and revenue amid the pandemic.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC oxy fuel combustion technology market. The APAC oxy fuel combustion technology market is expected to grow at a good CAGR during the forecast period.

APAC Oxy Fuel Combustion TechnologyMarket Revenue and Forecast to 2028 (US$ Million)

APAC Oxy Fuel Combustion Technology Market Segmentation

APAC Oxy Fuel Combustion Technology Market – By Offerings

• Solution
• Services

APAC Oxy Fuel Combustion Technology Market – By End-Use Industry

• Oil & Gas
• Power Generation
• Manufacturing
• Metal & Mining
• Others

APAC Oxy Fuel Combustion Technology Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Oxy Fuel Combustion Technology Market - Companies Mentioned

• Air Liquide SA
• Air Products and Chemicals, Inc.
• ENCON THERMAL ENGINEERS PVT. LTD
• ESA S.P.A.
• FALORNI GIANFRANCO S.R.L
• General electric Company
• HEIDELBERGCEMENT AG
• Hitachi, Ltd.
• Jupiter Oxygen Corporation
• LINDE

Asia Pacific Oxy Fuel Combustion Technology Market Report Scope

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