World Combustion Controls, Equipments and Systems Market - Opportunities and Forecasts, 2020-2027
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IC_18396
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Mar 2020 |
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Combustion controls, equipments and systems are developed to help create a cleaner environment by adopting revolutionary pollution control methods and standards for excellence. The continuous growth taking place in industrial sector around the world and ever augmenting demand for power have created the need for establishing higher electricity generating facilities. Emerging economies are the prominent contenders demanding more power as they are undergoing large scale industrial expansion. The aim of this report is to provide an insight on the global combustion controls, equipment and systems market, current and projected trends and to carry out an in-depth analysis of market potentials. This report analyzes opportunities in the developed and emerging economies so that companies can make strategic decisions and gain competitive edge.
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.
Competitive Analysis
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 competition. Alfa Laval believes in manufacturing products that helps its clients in creating energy efficient process that reduce their energy consumption, while making them even more competitive. General Electric aims to build the future by providing new technologies that reach oil and gas reserves situated beneath the sea floor and deep underground locations.
High Level Analysis
The analysis gives an overview about global combustion controls, equipment and systems market and its key concerns. The global market analysis using Porter’s five force model and SWOT helps in giving better understanding about various opportunities, threats and substitutes. The bargaining power of suppliers is high as the products are well differentiated and the switching cost associated with product is more. Bargaining power of buyers is low as there is minimum threat of backward integration involved and switching cost associated is higher. Threat of new entrant is low, as companies present in market are well known and established, consumer-switching cost is high and new entrants need to fit in the prescribed set of government regulations and policies. Threat of substitute is low as the switching cost associated is high due to the huge investments involved. The intensity of rivalry is high due to the presence of numerous competitors in market and accompanied with high exit barriers.
KEY BENEFITS
- This report gives an insight on the combustion controls, equipment and systems products and its applications
- Detailed analysis of drivers and constraints of combustion controls, equipment and systems market has been discussed
- Porter’s five force and SWOT analysis would facilitate decision makers in making strategic decisions by providing insight on current market conditions and important factors
- Analysis of key market players and their strategies are been discussed in the report in order to understand the competition in a better way
- Market segmentation is been conducted based on products, applications and geographic locations, which would assist companies in deciding on the segments of importance
- Analysis of current market scenario as well as the future estimations through 2013-2020 would assist the decision makers understand the future prospects of the market
KEY MARKET SEGMENTS
The global combustion controls, equipments and systems market is been categorized into three segments, namely products, applications and geography.
MARKET BY PRODUCTS
- Boilers
- Systems and Monitoring
- Control Instruments
MARKET BY APPLICATION
- Process Industries
- Metallurgy
- Refining and Petrochemicals
- Cement Industry
- Energy and Power
- Aerospace and Marine
MARKET BY GEOGRAPHY
- North America
- Europe
- Asia-Pacific
- LAMEA
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