The global combustion equipment market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2022-2028). Growing resistance against nuclear power, rising concerns towards the volatile organic compound, and hazardous air pollution are contributing significantly to the growth of this market as countries such as Germany and Switzerland have decided to gradually phase out their nuclear power plants. Also, the rapid growth of the shale gas industry is projected to create booming opportunities for the growth of the global combustion equipment market. For instance, in March 2022, Ford announced that the company will split its electric vehicle and combustion operations into two individual businesses to accelerate its adaptation of new technology.
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Moreover, major players in the market are focusing on coming up with new product development in order to fulfil the growing market demand. For instance, in April 2021, Bloom Energy in partnership with its Korean partner, SK Engineering & Construction Co., Ltd. in order to deploy 100 kilowatts of solid-oxide fuel cells (SOFC) fueled purely by hydrogen in Ulsan, South Korea. Whereas, in November 2021, ABB expanded its product portfolio of combustion equipment by addition of new products and solutions to help save energy and reduce emission. Apart from this, the availability of substitutes, intense competition, and competitive prices are some factors expected to hamper the growth of the global combustion equipment market
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including ABB Ltd., Adwest Technologies, Inc., Alfa Laval AB, Alstom SA, Bloom Engineering Company, Inc., and others.
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Combustion Equipment Market Report by Segment
By Product
- Components
- Systems
- Monitoring & Control Instruments
By Component
- Process Industries
- Metallurgy
- Cement Industry
- Refining & Petrochemicals
- Energy & Power
- Aerospace & Marine
Combustion Equipment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Babcock & Wilcox Enterprises Inc.
- Callidus Technologies, L.L.C.
- Catalytic Products International
- Cleaver-Brooks, Inc.
- Dongfang Boiler Group Co., Ltd.
- Doosan Corporation
- Exelon Corporation
- General Electric Company
- Harbin Turbine Co. Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Maxon Corp.
- Mitsubishi Heavy Industries Ltd.
- Nestec, Inc.
- Siemens AG
- Titan Logix Corp.
- Toshiba Corporation
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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