The heavy investments made with a view of increasing power generation capacities, growing resistance against nuclear power, rising concerns towards the Volatile organic compound (VOC) and Hazardous air pollution (HAP) emission have been driving the global combustion controls, equipments and systems market. Whereas, increasing competition, competitive prices and availability of substitutes act as the restraining factors for the market. There is a wide scope of opportunity present for the global combustion controls, equipment and systems market as countries such as Germany and Switzerland have decided to reduce nuclear plants which raises the need for alternative power source. This will indirectly boost the need for combustion controls and equipment, thus needed for producing and managing energy. Also, the increase in the global demand for shale gas can be considered as an opportunity, thus driving the growth for combustion controls, equipment and systems market.
Combustion Controls, Equipments and Systems Market Analysis by Products
Based on products, the global combustion controls, equipment and systems market is segmented into boilers, systems & monitoring and control instruments. These products help to control or minimize pollution and assist in creating a cleaner environment. Among these mentioned products control instruments is expected to be the most prominent segment based on its wide application in varied industries such as oil, gas, chemicals and others. Control instruments play a significant role in preventing employees from potential exposure to hazardous substances and avoiding accidents at work places.
Combustion Controls, Equipments and Systems Market Analysis by Application
Based on application, the global combustion controls, equipment and systems market is segmented into process industries, metallurgy, refining and petrochemicals, cement industry, energy & power and aerospace & marine. Among these applications, aerospace and marine can be estimated to be the most prominent markets as they demand systems and equipments that are most energy efficient.
Combustion Controls, Equipments and Systems Market Analysis by Geography
The global combustion controls, equipment and controls market based on geography, is segmented into North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Large power generation industries established in the APAC region are expected to drive the market. China and India are among those countries that have decided to invest heavily in the power generation industries; thus, boosting the demand for combustion controls, equipment and systems.
The global combustion controls, equipment and systems industry is very competitive due to the presence of some dominant manufactures in the market. Some of the key players are ABB, Adwest technologies, Alfa Laval, Alstom, Bloom Engineering, Callidus Technologies, General Electric and others. These major market players are chiefly concentrating on development of technology, launching products with new variations, and mergers and acquisition to fight
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