The power generation plants have grown on a limitless note in the past few years; thanks to the exponential demand for electricity. The countries like India and China are leading the power generation market from the front. However, with this expansion comes an ugly facet to be encountered, and that’s environmental pollution. As such, industrial combustion control components and systems have come into the picture.
Persistence Market Research, with its line of expertise in the form of analysts and consultants, has mentioned these developments with future measures to be followed in its latest market study entitled “Industrial Combustion Control Components and Systems Market”.
Industrial Combustion Control Components and Systems Market Dynamics
The global industrial combustion control components and systems market, by product, spans components (actuators, valves, sensors, control motors, combustion enclosures flow meters, and likewise) and systems (emission monitoring systems and emission control systems). By end-use, it’s chemical, metal & mining, oil & gas, energy & power, process industries, and others. Application-wise, it’s an incinerator, boilers, dryers, thermal oxidizers, and gas turbines. Persistence Market Research has given a detailed analysis of these facts with prospects in its latest market study entitled “Industrial Combustion Control Components and Systems Market”.
North America and Europe collectively hold more than 50% of the market share. This could be attributed to the US being subject to stern regulations regarding emissions. Also, the US is adhering to the Paris Agreement within UNFCC (United Nations Framework Convention on Climate Change) for curtailing the emission of volatile organic gases. The Asia-Pacific is also expected to catch up on this count in the forecast period with increasing awareness regarding the same. Persistence Market Research has mentioned these facts with insights in its latest market study entitled “Industrial Combustion Control Components and Systems market”.
Persistence Market Research has entailed the key players in industrial combustion control components and systems market as ABB Ltd., Alfa Laval, United Technologies Corporation, Rockwell Automation, Inc., Applied Control Engineering, Inc., Yokogawa Electric Corporation, Thermal Global, Combustion Controls Solutions & Environmental Services, Inc., Emerson Electric Co., Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Norec Automation, Siemens AG, Sigma Thermal, ACL manufacturing Inc., and likewise. These players are engaging in 2 modes of expansion – namely the organic and inorganic modes, to get through the fierce competition.
The Way Further
The global industrial combustion control components and systems market is slated to grow on a voracious note in the next 10 years – Persistence Market Research