(PRWEB) June 28, 2014
According to the recent market research report, Combustion Controls, Equipment & Systems Market 2018, By Product, Application & Geography, the value of this market was $87.87 Billion in 2012. It is expected to reach $118.19 Billion by 2018, at an estimated CAGR of 5.01%,upto 2018.
Browse more than 89 market data tables 41 figures spread through 244 pages and in-depth TOC on "Combustion Controls, Equipment& Systems Market". http://www.marketsandmarkets.com/Market-Reports/combustion-equipment-market-1223.html.
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The global Combustion Equipment, Controls & Systems Market has shown steady growth across various industry verticals in the recent past. The report covers major application industries which include processing, metallurgy, cement industry, refining & petrochemicals, energy & power, and aerospace & marine. Energy & power is the largest area of application, due to the massive growth in the number of power generation plants constructed across the world, with majority of those being in the developing countries. With recent boom in the availability of shale gas, several combined cycle power plants based on gas turbines are being constructed for co-generation. Natural gas is also emerging as the preferred fuel in thermal power plants due to its high availability and lower emissions as compared to coal. According to the report, the revised emission norms have ensured that industries keep VOC and HAP emissions under check, thus, driving the emission control systems market.
The report also suggests that the growing demand for energy has created a need for greater number of power generation facilities across the world. Majority of this demand comes from the emerging economies such as China, India, and Brazil. These regions are experiencing a very large-scale industrial expansion and are also in need of electricity to sustain their growing population, which is driving the industry. Additionally, the shale gas revolution, which started with the U.S. and is now slowly spreading across other regions as well, has led to the construction of a large number of gas turbine-based combined cycled power plants for co-generation. The revised air pollution norms have forced industries to keep a check on VOC and HAP emission levels, thus driving the market for various emission control systems.
The report also seems to have identified the market on the basis of various combustion equipment, controls and systems for different application segments. It also covers the overall market through extensively detailed classifications in terms of products, applications and geography. The report covers the global Combustion Equipment, Controls & Systems Market and all its aspects such as growth opportunities, drivers, restraints, burning issues, and winning imperatives, in detail. Major geographical segments covered in this report include North America, Europe, Asia-Pacific (APAC), and Rest of the world (ROW).
Through extensively detailed classification and analysis of all the contributing components to the combustion controls market, this report focuses on giving a bird's eye-view of the complete market with regards to the different application verticals and segments; combined with qualitative analysis of all the aspects of the market. It also profiles more than 15 key players of the market. The report draws the competitive landscape of combustion equipment, controls & systems market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors.
Key players in the market include ABB (Switzerland), Alstom (France), Dongfang Boiler Group (China), Doosan (South Korea), General Electric (U.S.), Hitachi Ltd. (Japan), Mitsubishi Heavy Industries (Japan), Siemens (Germany), The Babcock & Wilcox Company (U.S.), and Toshiba (Japan).
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