According to our latest study on "Oxy-fuel Combustion Technology Market Size and Forecasts (2021 - 2031), Regional Share, Trends, and Growth Opportunity Analysis - by Offerings, and Industry" the Oxy-fuel combustion technology market size was valued at US$ 589.89 million in 2024 and is expected to reach US$ 1,056.23 million by 2031; it is estimated to record a CAGR of 8.94%% from 2025 to 2031.

The Oxy-fuel combustion technology market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

The rising air pollution rate across India, China, Mexico, Malaysia, Russia, South Africa, and other developing countries is influencing the governments and industries across these countries to take appropriate initiatives. According to the World Bank, nearly 33,000 deaths are recorded in Mexico each year due to air pollution. Industrial air pollution is responsible for nearly 20,000 of these deaths, which occur primarily in towns and cities. In Mexico, air pollution is a serious problem, accounting for nearly one-fifth of all deaths (5.9%). It ranks eighth among the leading causes of death, after unhealthy diet, overweight, high blood pressure, and alcohol and drug consumption, among others. PM2.5 is the most dangerous type of airborne particle, as it can penetrate deep into the lungs. The WHO has set a limit of 10 micrograms of PM2.5 per cubic meter of air for average outdoor ambient air pollution. In Mexico City, however, average concentrations are around 25 g/m. In addition, in 2019, India recorded nearly 1.5-2 million deaths due to air pollution, which is ~20% of the total deaths in the country. Out of these, ~ 0.98 million deaths were triggered by PM2.5. As per the Lancet Planetary Health, India has the world's highest ambient PM2.5 levels on a population-weighted average, followed by Nepal. Thus, the burgeoning concerns around minimizing PM-2.5 and other industrial gas emissions to reduce their environmental effects and impact on human health is expected to result in a significant demand for oxy fuel combustion technology during the forecast period.

Asia Pacific has a well-established manufacturing industry, including textile, automotive, electronics, and other sectors. These sectors contribute to the growing CO2 emissions in the region. To reduce these emissions, companies are adopting CCUS technology to capture and store the CO2. In addition, governments of countries, including China, India, Japan, and Australia, are undertaking initiatives to support CCUS technology. For instance, the Indian government announced the adoption of CCUS technology by establishing two carbon capture and utilization centers in the country. Thus, the rising adoption of CCUS to reduce the CO2 emissions is influencing the growth of the oxy fuel combustion technology market in the region.

Key Findings of Oxy-fuel combustion technology market Study:

The global oxy-fuel combustion technology market is segmented on the basis of offering, end-use industry, and geography. Based on offering, the market is bifurcated into solutions and services. Based on the end-use industry, the oxy fuel combustion technology market is categorized into oil and gas, power generation, manufacturing, metals and mining, and others. Based on geography, the oxy fuel combustion technology market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

Based on offering, the oxy fuel combustion technology market is bifurcated into solutions and services. The oxy fuel combustion technology market players offer various solutions and services across industries such as metal and mining, glass, manufacturing, oil and gas, and power generation to reduce the amount of carbon dioxide emitted by these industries.

The global oxy-fuel combustion technology market, by offerings, is segmented into solution and services. The solution segment held the largest share of the oxy-fuel combustion technology market in 2024. Oxy fuel combustion solutions are highly adopted across industries to maximize the efficiency of their combustion processes. These solutions can help improve the carbon balance of fossil fuel combustion significantly. Coal is combusted in this process in pure oxygen and carbon dioxide (CO2). This mixture of pure gases burns at a higher temperature than natural air, making the combustion process more efficient. The majority of resulting flue gas consists of CO2 and water vapor, with no nitrogen compounds. As a result, the flue gas stream is smaller and easier to handle.

A few of the major companies offering oxy fuel combustion solutions are Linde; Praxair Technology, Inc.; Air Liquide; and Air Products Inc. In March 2020, Air Products announced signing its third contract with Techpack Solutions, a packaging materials manufacturer in South Korea. Under this contract, Air Products will supply integrated oxy fuel combustion solutions, converting Techpack's furnace from air fuel to oxy fuel process to enhance sustainability and competitiveness. The Air Products Cleanfire HR? burner connects the power of oxygen staging, along with allowing users to manage the magnitude and location of staging. The HR? burner offers users expanded flexibility and functionality in the glass melting furnace, whether as a boost burner to complement the operation of an air-fuel furnace or as a comprehensive oxy-fuel furnace to improve fuel efficiency, lower NO? emissions, and reduce foam.

Falorni Gianfranco SRL; Messer SE & Co KGaA; Heidelberg Materials AG; Jupiter Oxygen Corp; Encon Thermal Engineers Pvt Ltd; ESA SpA; Babcock & Wilcox Enterprises Inc; Linde Plc; and L'Air Liquide SA are among the key players profiled in the oxy-fuel combustion technology market report. Several other major players were studied and analyzed during the oxy-fuel combustion technology market analysis to get a holistic view of the market and its ecosystem. The oxy-fuel combustion technology market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current oxy-fuel combustion technology market trends and their foreseeable impact during the forecast period.

Contact Us
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com