South America Oxy Fuel Combustion Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offerings (Solution and Services), End-Use Industry (Oil & Gas, Power Generation, Manufacturing, Metal & Mining, and Others)             

South America Oxy Fuel Combustion Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offerings (Solution and Services), End-Use Industry (Oil & Gas, Power Generation, Manufacturing, Metal & Mining, and Others)             

The oxy fuel combustion technology market in SAM is expected to grow from US$ 16.53 million in 2021 to US$ 22.22 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Air pollution awareness programs in both developed and developing countries have experienced a surge over the years to combat against the rising climatic changes due to the increasing emission of greenhouse gases. Some of the international government organizations working on the awareness programs are World Health Organization, and The World Economic Forum, among others. Similarly, various non-profit private organizations are also taking initiatives to educate industries regarding the harmful gases emitted by them in the environment. These organizations include The Coalition for Clean Air, The Union of Concerned Scientists, and Earthjustice. Thus, the rising initiatives by the above-mentioned organizations are influencing the end-user industries to adopt technologies that will reduce the emission of hazardous gas in the environment, thereby contributing to the growth of the SAM oxy fuel combustion technology market. Several initiatives have been taken by the local and federal government bodies across the region over the years for minimizing the hazardous industrial air disposal. This is fueling the growth of the SAM oxy fuel combustion technology market.

Based on end-user industry, the APAC oxy fuel combustion technology market is segmented into oil & gas, power generation, manufacturing, metal & mining, and others. The metals & mining segment is expected to be the fastest-growing segment during the forecast period. The combustion process of metals emits gases such as sulfur dioxide and carbon dioxide, which are harmful to the environment. Thus, replacing air-fuel burners with oxy-fuel burners removes unnecessary gases from the process, allowing higher flame temperatures, which carry much more of the heat from the burner into the process. Oxy fuel combustion technology solution providers also innovate by finding new applications for heat input in metal manufacturing operations with the goal of improving efficiency and cost-effectiveness. For instance, Air Products is still developing new burner technologies with different characteristics to meet the needs of ferrous and non-ferrous metal producers. Air Products' technology provides maximum benefit with the most effective use of oxygen and fuels such as natural gas by matching the characteristics of the flame to the needs of each operation.

In SAM, Brazil reported the highest number of COVID-19 cases. The country imposed strict curfew during the initial stages of the COVID-19 pandemic. This impacted the overall supply chain and logistics process. Oxy fuel combustion technology providers have faced fluctuating demand for the technology from various industries, specifically glass and metal. They also faced challenges due to the cancellation of several new projects and delay in ongoing projects. Furthermore, these companies faced issues in acquiring capital on favorable terms. However, the power and waste disposable industries continued to generate demand for oxy fuel combustion technology amid the lockdown period. Therefore, oxy fuel combustion technology firms were able to manage their cashflow during this period.

The SAM oxy fuel combustion technology market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the SAM oxy fuel combustion technology market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the SAM oxy fuel combustion technology market. Air Liquide SA; Air Products and Chemicals, Inc.; General Electric Company; Hitachi, Ltd.; Jupiter Oxygen Corporation; and LINDE are among the key players operating in the market in this region.

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