South America Oxy Fuel Combustion Technology Market to Grow at a CAGR of 4.3% to reach US$ 22.22 million from 2021 to 2028

The oxy fuel combustion technology market in SAM is expected to grow from US$ 16.53 million in 2021 to US$ 22.22 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

Air pollution is one of most serious health and environmental issues. Many of the leading causes of death, such as heart disease, stroke, lower respiratory infections, lung cancer, diabetes, and chronic obstructive pulmonary disease, are linked to air pollution, which includes both outdoor and indoor particulate matter and ozone. It is at the top of the list in low-income countries. It was estimated that 5 million people died because of air pollution in 2017. Low-income countries have higher indoor pollution rates due to their reliance on solid fuels for cooking, and outdoor air pollution increases as countries industrialize and move from low to middle income status. Hence, air pollution is more prevalent in both low- and middle-income countries.Several initiatives have been taken by the local and federal government bodies across the globe over the years for minimizing the hazardous industrial air disposal. This is fueling the growth of the SAM oxy fuel combustion technology market
In SAM, Brazil reported the highest number of COVID-19 cases. The country imposed strict curfew during the initial stages of the COVID-19 pandemic. This impacted the overall supply chain and logistics process. Oxy fuel combustion technology providers have faced fluctuating demand for the technology from various industries, specifically glass and metal. They also faced challenges due to the cancellation of several new projects and delay in ongoing projects. Furthermore, these companies faced issues in acquiring capital on favorable terms. However, the power and waste disposable industries continued to generate demand for oxy fuel combustion technology amid the lockdown period. Therefore, oxy fuel combustion technology firms were able to manage their cashflow during this period.
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 SAM oxy fuel combustion technology market. The SAM oxy fuel combustion technology market is expected to grow at a good CAGR during the forecast period.

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

SAM Oxy Fuel Combustion Technology Market Segmentation

SAM Oxy Fuel Combustion Technology Market – By Offerings

• Solution
• Services

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

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

SAM Oxy Fuel Combustion Technology Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Oxy Fuel Combustion Technology Market - Companies Mentioned

• Air Liquide SA
• Air Products and Chemicals, Inc.
• General Electric Company
• Hitachi, Ltd.
• Jupiter Oxygen Corporation
• LINDE

South America Oxy Fuel Combustion Technology Report Scope