Quick Summary:
Within the increasingly complex global economy, the Industrial Combustion Control Components and Systems market stands as a key player, central to processes in the Energy & Power and Process Industry sectors. With an estimated market worth of $23.9 billion in 2022, it is projected to reach a substantial $35.2 billion by 2030. Accurate insight into this market is critical for strategic decision-making and growth.
Our comprehensive market research report is an invaluable asset for professionals looking to understand this evolving industry better. It offers an in-depth review of growth trends, regional analysis, and competitor perspectives. More than just raw data, it provides the strategic insight necessary for successful positioning in this competitive market. With special features such as online interactive peer-to-peer collaborative bespoke updates and complimentary updates for one year, our report ensures that you stay at the forefront of your industry.
Global Industrial Combustion Control Components and Systems Market to Reach $35.2 Billion by 2030
The global market for Industrial Combustion Control Components and Systems estimated at US$23.9 Billion in the year 2022, is projected to reach a revised size of US$35.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Energy & Power, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$10.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Process Industry segment is readjusted to a revised 4.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.4 Billion, While China is Forecast to Grow at 7.6% CAGR
The Industrial Combustion Control Components and Systems market in the U.S. is estimated at US$6.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.Select Competitors (Total 12 Featured) -
- ABB Group
- ACL Manufacturing
- Alfa Laval AB
- Applied Control Engineering, Inc.
- Combustion Controls Solutions & Environmental Services, Inc.
- Emerson Electric Company
- Honeywell International, Inc.
- Mitsubishi Heavy Industries Ltd.
- NOREC Automation
- Rockwell Automation, Inc.
- Siemens AG
- Sigma Thermal
- United Technologies Corporation (UTC)
- Yokogawa Electric Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Industrial Combustion Control Components and Systems?
What is the growth rate of the Global Market for Industrial Combustion Control Components and Systems?
What is the forecasted size of the Global Market for Industrial Combustion Control Components and Systems?
Who are the key companies in the Global Market for Industrial Combustion Control Components and Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 229 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 23.9 Billion |
| Forecasted Market Value ( USD | $ 35.2 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Group
- ACL Manufacturing
- Alfa Laval AB
- Applied Control Engineering, Inc.
- Combustion Controls Solutions & Environmental Services, Inc.
- Emerson Electric Company
- Honeywell International, Inc.
- Mitsubishi Heavy Industries Ltd.
- NOREC Automation
- Rockwell Automation, Inc.
- Siemens AG
- Sigma Thermal
- United Technologies Corporation (UTC)
- Yokogawa Electric Corporation
