Europe Oxy Fuel Combustion Technology Market to Grow at a CAGR of 10.3% to reach US$ 245.82 million from 2021 to 2028

Europe Oxy Fuel Combustion Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offerings (Solution and Services), End-Use Industry (Oil & Gas, Power Generation, Manufacturing, Metal & Mining, and Others)  

  • Report Code : TIPRE00027838
  • Category : Energy and Power
  • Status : Published
  • No. of Pages : 102
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The oxy fuel combustion technology market in Europe is expected to grow from US$ 123.71 million in 2021 to US$ 245.82 million by 2028; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.

Oxy fuel combustion is the process of combusting hydrocarbon fuel in a nearly pure oxygen environment, as opposed to air. Instead of using nitrogen to control the temperature, a part of the flue gas is used to dilute the oxygen. The primary goal of using oxy-fuel combustion in a coal-fired power plant is to produce flue gas with extremely high CO2 and water vapor concentrations, allowing the CO2 to be separated or captured from the flue gas using low-temperature dehydration and desulfurization processes. Reduced NOx emissions, high CO2 purity, and lower gas volumes due to increased density are just a few of the benefits of using oxy fuel combustion technology.Oxy-fuel combustion is one of the major methods available in the industry for cost-effective, technically feasible carbon capture. The most common oxy-fuel process involves pulverized coal being burned in an atmosphere of nearly pure oxygen (greater than 95% and up to 99%) mixed with recycled flue gas. Similarly, because oxygen is used for combustion and the re-burning mechanism through flue gas recycle, oxy-fuel combustion has the inherent advantage of producing low NOx emissions compared to most other combustion technologies.

Thus, the reduction in emission of industrial gases such as carbon dioxide and nitrous oxide is influencing the adoption of oxy fuel combustion technology among various industries such as manufacturing, metal and mining, oil & gas, and power generation, thereby contributing to the growth of the market.
Europe witnessed a varying impact of the COVID-19 pandemic across its economically diverse countries. For instance, governments of countries such as Germany, the UK, the Netherlands, and France imposed stringent restrictions and closed their borders to curb the virus spread. Additionally, countries such as Italy, Russia, and Spain witnessed a significant surge in cases, which led them to shut down business and manufacturing operations for a few months. However, several European countries witnessed swift recovery from the third quarter of 2020. Irrespective of surge in the number of COVID cases and shutdown of business operations for months, manufacturers had to continue the production of essential goods or resume it earlier than other businesses. Oxy fuel combustion systems are necessary in waste disposal and power generation industries, these businesses generated a stable demand for these systems. The oxy fuel combustion system production plants were operating under strict COVID-19 guidelines. However, the lowered demand for other industrial areas such as glass production, metal production, and coating and spraying, affected the overall cash flow of oxy fuel combustion technology providers.
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 Europe oxy fuel combustion technology market. The Europe oxy fuel combustion technology market is expected to grow at a good CAGR during the forecast period.

Europe Oxy Fuel Combustion TechnologyMarket Revenue and Forecast to 2028 (US$ Million)

Europe Oxy Fuel Combustion Technology Market Revenue and Forecast to 2028 (US$ Million)
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Europe Oxy Fuel Combustion Technology Market Segmentation

Europe Oxy Fuel Combustion Technology Market – By Offerings

  • Solution
  • Services

Europe Oxy Fuel Combustion Technology Market – By End-Use Industry

  • Oil & Gas
  • Power Generation
  • Manufacturing
  • Metal & Mining
  • Others

Europe Oxy Fuel Combustion Technology Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Oxy Fuel Combustion Technology Market - Companies Mentioned

  • Air Liquide SA
  • Air Products and Chemicals, Inc.
  • ESA S.P.A.
  • FALORNI GIANFRANCO S.R.L
  • General electric Company
  • HEIDELBERGCEMENT AG
  • Hitachi, Ltd.
  • Jupiter Oxygen Corporation
  • LINDE
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  1. Air Liquide SA
  2. Air Products and Chemicals, Inc.
  3. ESA S.P.A.
  4. FALORNI GIANFRANCO S.R.L
  5. General electric Company
  6. HEIDELBERGCEMENT AG
  7. Hitachi, Ltd.
  8. Jupiter Oxygen Corporation
  9. LINDE

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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