The global Combustion Controls, Equipment, And Systems Market size would surpass USD 265.0 billion by 2032. The market stood at USD 137.5 billion in 2022. It is set to witness growth at a CAGR of 6.8% from 2022 to 2032.
By using cutting-edge pollution control techniques and high-quality standards, combustion controls, equipment, and systems are being developed. These would help to produce a clean and green atmosphere.
Ongoing expansion of the industrial sector and rising demand for power across the globe would also spur sales. It is attributed to increasing construction of large electricity-producing facilities.
The combustion process requires a range of tools, controls, and systems. It is a complicated series of chemical reactions among an oxidizer and a fuel that produces heat.
There are several ways to use the energy that is released during burning. Combustion energy is capable of serving a variety of purposes. These include power generation and the propulsion of vehicles such as airplanes and rockets.
The National Energy Technology Laboratory (NETL) mentions that gas turbine engines constitute one of the most significant applications for composite parts. These are needed in both the production of industrial power and airplanes.
All kinds of substances are nowadays being pressed to high thermal capacities. It is attributed to rising demand for improved performance and ongoing economic development.
Consistently surging output and effectiveness of massive gas turbines in industries will be used to produce power. Development of high-temperature structural materials has been a key factor in the expansion.
Gas turbine firing temperatures have increased from 982°C to more than 1427°C. It is a result of the utilization of unique materials during the past 30 years. With every 10°C surge in the sintering temperatures, a gas turbine's combined-cycle efficiency rises by about 1%.
An electrical power provider could save millions of dollars by raising efficiency. The provider would want to offer electricity to its clients at the lowest possible cost.
Modern industrialized gas turbines must operate at temperatures of 1425 oC or higher. It is in the interest of maintaining metallic temperatures within design limitations.
| Attributes | Key Insights |
|---|---|
| Combustion Controls, Equipment, and Systems Market Estimated Size (2022E) | USD 137.5 billion |
| Projected Market Valuation (2032F) | USD 265.0 billion |
| Value-based CAGR (2022 to 2032) | 6.8% |
| USA Value-based CAGR (2022 to 2032) | 5.6% |
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As per Future Market Insights (FMI), the global combustion controls, equipment, and systems market witnessed 4.4% CAGR from 2017 to 2021. A CAGR of 6.8% is anticipated for the market in the assessment period.
The aerospace sector has been at the forefront of incorporating combustion controls and equipment. The industry has started using actuators and flow meters in recent years.
Huge investments made with the intention of boosting power generation capacities would supplement sales. Growing antipathy toward nuclear power and rising worries about emissions of volatile organic compounds would also propel demand.
Need to reduce the emission of hazardous air pollutants (HAP) is another critical driver of the global market. Phase-out of nuclear power in nations such as Germany and Switzerland would provide a space of development in the market. The phase-out has surged demand for alternative energy sources.
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Asia Pacific to Witness High Demand for Industrial Combustion Equipment by 2032
Asia Pacific is set to hold a considerable combustion controls, equipment, and systems market share through 2032. Growing need for turbines, boilers, thermal oxidizers, and incinerators in the marine & aerospace sector would push demand.
The estimated CAGR of Asia Pacific is about 48.1%. Dongfang Electric Corporation is one of the leading companies in the combustion controls, equipment, and systems industry in Asia Pacific.
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Demand for Internal Combustion Engines to Spur in the USA with Need for Energy Efficiency
The USA combustion controls, equipment, and systems sector is expected to be worth USD 42.3 billion by 2032. It would create an absolute dollar opportunity of USD 17.8 billion in the next ten years.
The USA market witnessed growth at a CAGR of 1.4% from 2017 to 2021. It is likely to broaden at a CAGR of 5.6% from 2022 to 2032.
The USA market has a high growth potential. Increasing demand for energy-efficient and environmentally friendly combustion systems would spur sales.
The USA will be further driven by industrial development and technological innovations. It is expanding as a result of rising electricity demand from various consumer application manufacturers.
Demand for Process Optimization in the United Kingdom to Boost Sales of Combustion and Energy Systems
The United Kingdom combustion controls, equipment, and systems market is likely to be worth USD 6.9 billion by 2032. It would create an absolute dollar opportunity of USD 2.7 billion in the evaluation period.
The United Kingdom showcased steady growth at a CAGR of 0.4% from 2017 to 2021. It is expected to expand at a CAGR of 5.2% from 2022 to 2032.
The United Kingdom market is sizable and has substantial development potential. Expanding use of industrial automation and rising need for process optimization across a range of industries would also drive demand. These industries are power generation, oil & gas, and chemical.
In May 2021, Hycon GoHybrid was launched by Voith Group. This turbine requires 92% less energy, as compared to any other turbine.
Government of China to Support Use of Combustion Control Equipment to Reduce Emission
China combustion controls, equipment, and systems market is expected to be worth USD 66.3 billion by 2032. It would create an incremental opportunity of USD 36.2 billion in the assessment period.
The China market witnessed growth at a CAGR of 6.4% from 2017 to 2021. It is expected to flourish at a CAGR of 8.2% from 2022 to 2032.
Rising use of smart grid technology in China to increase efficiency and dependability would aid demand. The market for combustion control equipment would flourish as a result of surging demand for electricity generation facilities. Use of clean energy sources for energy production is growing on the back of government measures to minimize emissions.
Need for Intelligent Combustion Control Solutions in South Korea to Push Demand by 2032
The South Korea combustion controls, equipment, and systems industry is expected to be worth USD 15.9 billion by 2032. It would create an absolute dollar growth of USD 8.0 billion in the forecast period.
The market in South Korea showcased growth at a CAGR of 5.8% from 2017 to 2021. It is likely to elevate at a CAGR of 7.2% from 2022 to 2032.
South Korea would exhibit considerable growth, mainly driven by the government's promotion of renewable energy sources. High demand for intelligent, networked combustion systems, are opening new expansion potential. The market would also be driven by rising use of industrial automation and presence of significant players in the country.
Demand for Combustion Control Systems such as Monitoring and Control Instruments to Spur
Monitoring and control instruments are projected to witness a significant growth rate by 2032. It has several applications in the aerospace and defense sector.
CAGR of the monitoring and control instruments segment was around 4.3% from 2017 to 2021. It would expand at around 6.4% CAGR from 2022 to 2032 in the combustion controls, equipment, and systems market.
Sales of Combustion Control Solutions to Skyrocket in the Aerospace and Marine Industry
By application, the aerospace and marine category would lead the combustion controls, equipment, and systems market. Ongoing expansion of the aerospace and marine industry can be connected to increasing need for air filters, flow meters, and sensors.
CAGR of the aerospace and marine industry was around 4.2% from 2017 to 2021. It is expected to surge by 6.0% CAGR between 2022 to 2032.
Introduction of new products, geographical presence, and pricing are the manufacturing companies' main competitive advantages. As an illustration, Renault recently unveiled a brand-new SUV concept with a hydrogen-powered drivetrain.
An internal combustion engine used in this SUV's design works on hydrogen. It does not make use of fossil fuels such as diesel and gasoline.
Several industry vendors have used cutting-edge strategic tactics such as partnerships, acquisitions, and collaborations. They are doing so to acquire an advantage in the international market.
A few recent developments in the combustion controls, equipment, and systems market are
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 137.5 billion |
| Projected Market Valuation (2032) | USD 265.0 billion |
| Value-based CAGR (2022 to 2032) | 6.8% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Product, Application, Region |
| Key Companies Profiled | ABB; Adwest Technologies; Alfa Laval; Alstom; Bloom Engineering; Honeywell; Catalytic Products International; Cleaver-Brooks; Dongfang Boiler Group; Doosan |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 137.5 billion in 2022.
From 2017 to 2021, the market registered a CAGR of 4.4%.
The market shall reach USD 265.0 billion in 2032.
The market’s CAGR from 2022 to 2032 will be 6.8%.
ABB, Adwest Technologies and, Alfa Laval are key market players.
The market is anticipated to record a CAGR of 6.8%.
Expansion of power sector and renewable energy source aiding the sales.
Asia Pacific is witnessing significant demand in the market.
South Korea is expected to be worth USD 15.9 billion by 2032.
The global market registered a valuation of USD 137.5 billion in 2022.
1. Executive Summary | Combustion Controls, Equipment, and Systems Market
2. Market Overview
3. Market Background
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product
5.1. Components
5.2. Systems
5.3. Monitoring & Control Instruments
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Process Industries
6.2. Metallurgy
6.3. Cement Industry
6.4. Refining & Petrochemicals
6.5. Energy & Power
6.6. Aerospace & Marine
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. North America
7.2. Latin America
7.3. Europe
7.4. Asia Pacific
7.5. Middle East and Africa
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13. Key Countries Market Analysis
14. Market Structure Analysis
15. Competition Analysis
15.1. ABB
15.2. Adwest Technologies
15.3. Alfa Laval
15.4. Alstom
15.5. Bloom Engineering
15.6. Honeywell
15.7. Catalytic Products International
15.8. Cleaver-Brooks
15.9. Dongfang Boiler Group
15.10. Doosan
15.11. Hitachi Ltd. Eaton
15.12. S&C Electric
15.13. Power Analytics
15.14. Exelon Corporation
15.15. Siemens
15.16. Schneider Electric
15.17. Homer Energy
16. Assumptions & Acronyms Used
17. Research Methodology
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Combustion Controls, Equipment, and Systems Market
