Global Combustion Controls, Equipments and Systems Market is expected to reach US$ 135.62 Bn by 2024 from US$ 96.81 Bn in 2017 at a CAGR of 12.6% during forecast period.

The report global combustion controls, equipments & systems market based on product, application, and region. In terms of product, the combustion controls, equipments & systems market is categorized into Boilers, Systems and Monitoring, and Control Instruments. Based on application, the combustion controls, equipments & systems market is classified into Process Industries, Metallurgy, Refining and Petrochemicals, Cement Industry, Energy and Power, Aerospace and Marine. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The rise in demand for electricity and growth in the industrial sector have generate the need of power generation across the world. Expansion witnessed across industries and the increase in demand for power have in turn fuel the number of energy generating enterprises all over the world. This demand is growing in developing economies, which are at present experiencing mechanical extension on a vast scale. Growing resistance against nuclear power generation is influencing the growth of global combustion controls, equipment & systems market. Rise in competition, competitive prices and availability of substitutes act as the hindering 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 increases the need for alternative power source. Also, the rise in the global demand for shale gas can be considered as an opportunity, thus driving the growth for combustion controls, equipment and systems market.

Global Combustion Controls, Equipments and Systems Market

In terms of product, the Global Combustion Controls, Equipments 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 anticipated to be the most prominent segment based on its wide application in varied industries such as oil, gas, chemicals and others. Control instruments play important role in preventing employees from potential exposure to hazardous substances and avoiding accidents at work places.

On the basis of application, the Global Combustion Controls, Equipments and Systems Market is segregated into process industries, metallurgy, refining and petrochemicals, cement industry, energy & power and aerospace & marine. Among these applications, aerospace and marine can be expected to be the most prominent markets as they demand systems and equipments that are most energy efficient.

In terms of region, Asia-Pacific is anticipated to be the largest market for Global Combustion Controls, Equipments and Systems Market during the forecast period. Power generation industry of Asia Pacific region is estimated to drive the global combustion equipment, controls & systems market. China and India have planned to invest in growing power generation capacities. Thus the demand of power generation is more noticeable in developing economies.

Some of the key players in the Global Combustion Controls, Equipments and Systems Market, equipments & systems market are ABB, Adwest technologies, Alfa Laval, Alstom, Bloom Engineering, Callidus Technologies, General Electric and others.
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Scope of Global Combustion Controls, Equipments and Systems Market

Global Combustion Controls, Equipments & Systems Market by Product

• Boilers
• Systems and Monitoring
• Control Instruments
Global Combustion Controls, Equipments & Systems Market by Application

• Process Industries
• Metallurgy
• Refining and Petrochemicals
• Cement Industry
• Energy and Power
• Aerospace and Marine
Global Combustion Controls, Equipments & Systems Market by Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in Global Combustion Controls, Equipments and Systems Market

• ABB
• Adwest technologies
• Alfa Laval
• Alstom
• Bloom Engineering
• Callidus Technologies
• General Electric
• Dongfang Boiler Group
• Doosan
• Hitachi Ltd.
• Mitsubishi Heavy Industries
• Siemens AG
• The Babcock & Wilcox Company
• Toshiba
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