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 marketAPAC 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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Oxy Fuel Combustion Technology Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Oxy Fuel Combustion Technology–Market Dynamics
5.1 Market Drivers
5.1.1 Growing Government Intervention to Reduce Air Pollution
5.1.2 Rising Demand for Minimizing Gas Emissions in Industrial Processes
5.2 Market Restraints
5.2.1 Oxy Fuel Technology Solutions Being Costly
5.3 Market Opportunities
5.3.1 Rising Demand for Oxy Fuel Combustion Technology Among Developing Countries
5.4 Future Trends
5.4.1 Air Pollution Awareness Programs in Rising Economies
5.5 Impact Analysis of Drivers and Restraints
6. Oxy Fuel Combustion Technology Market – APAC Analysis
6.1 APAC Oxy Fuel Combustion Technology Market APAC Overview
6.1.1 APAC Oxy Fuel Combustion Technology Market Revenue and Forecast to 2028 (US$ Mn)
7. APAC Oxy Fuel Combustion Technology Market Analysis – By Offerings
7.1 Overview
7.2 APAC Oxy Fuel Combustion Technology Market Breakdown, by Offerings, 2020 and 2028 (%)
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2028 (US$ Mn)
8. APAC Oxy Fuel Combustion Technology Market Analysis – By End-Use Industry
8.1 Overview
8.2 APAC Oxy Fuel Combustion Technology Market Breakdown, By End-User Industry, 2020 & 2028 (%)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Power Generation
8.4.1 Overview
8.4.2 Power Generation Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Manufacturing
8.5.1 Overview
8.5.2 Manufacturing Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Metal and Mining
8.6.1 Overview
8.6.2 Metal and Mining Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. APAC Oxy Fuel Combustion Technology Market – Country Analysis
9.1 Overview
9.1.1 APAC Oxy Fuel Combustion Technology Market Breakdown, by Country
9.1.1.1 China Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 China Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.1.2 China Oxy Fuel Combustion Technology Market Breakdown, by End-User
9.1.1.2 Japan Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 Japan Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.2.2 Japan Oxy Fuel Combustion Technology Market Breakdown, by End-User
9.1.1.3 India Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 India Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.3.2 India Oxy Fuel Combustion Technology Market Breakdown, by End-User
9.1.1.4 South Korea Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.4.1 South Korea Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.4.2 South Korea Oxy Fuel Combustion Technology Market Breakdown, by End-User
9.1.1.5 Australia Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.5.1 Australia Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.5.2 Australia Oxy Fuel Combustion Technology Market Breakdown, by End-User
9.1.1.6 Rest of APAC Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 (US$ Mn)
9.1.1.6.1 Rest of APAC Oxy Fuel Combustion Technology Market Breakdown, by Offerings
9.1.1.6.2 Rest of APAC Oxy Fuel Combustion Technology Market Breakdown, by End-User
10. Impact of COVID Pandemic on APAC Oxy Fuel Combustion Technology Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 AIR LIQUIDE SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ENCON THERMAL ENGINEERS PVT. LTD
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GENRAL ELECTRIC COMPANY
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 HITACHI, LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 JUPITER OXYGEN CORPORATION
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LINDE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 HEIDELBERGCEMENT AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 AIR PRODUCTS AND CHEMICALS, INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ESA S.P.A.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 FALORNI GIANFRANCO S.R.L
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Oxy Fuel Combustion Technology Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 – By Country (US$ Mn)
Table 3. China Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 4. China Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 5. Japan Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 6. Japan Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 7. India Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 8. India Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 9. South Korea Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 10. South Korea Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 11. Australia Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 12. Australia Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 13. Rest of APAC Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By Offerings (US$ Mn)
Table 14. Rest of APAC Oxy Fuel Combustion Technology Market, Revenue and Forecast to 2028 – By End-User Industry (US$ Mn)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Oxy Fuel Combustion Technology Market Segmentation
Figure 2. APAC Oxy Fuel Combustion Technology Market Segmentation – By Country
Figure 3. APAC Oxy Fuel Combustion Technology Market Overview
Figure 4. Solution Segment is Expected to Dominate the Market by Offerings
Figure 5. Power Generation Segment held Largest Market Share in 2020
Figure 6. China held Largest Market Share in 2020
Figure 7. APAC – PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Oxy Fuel Combustion Technology Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Oxy Fuel Combustion Technology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Oxy Fuel Combustion Technology Market Breakdown by Offerings, 2020 and 2028 (%)
Figure 12. APAC Solution Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. APAC Services Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. APAC Oxy Fuel Combustion Technology Market Breakdown by System, 2020 and 2028 (%)
Figure 15. APAC Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. APAC Power Generation Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. APAC Manufacturing Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. APAC Metal and Mining Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. APAC Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. APAC Oxy Fuel Combustion Technology Market, by Key Country - Revenue (2020) (US$ Mn)
Figure 21. APAC Oxy Fuel Combustion Technology Market Breakdown, by Country, 2018 & 2028 (%)
Figure 22. China Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Japan Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 24. India Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 25. South Korea Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Australia Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Rest of APAC Oxy Fuel Combustion Technology Market, Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic on Oxy Fuel Combustion Technology Market in APAC Countries
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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