Combustion Controls, Equipments & Systems Market - By Product [Components (Boilers, Thermal Oxidizers, Incinerators, Gas Turbines), Systems, Monitoring & Control Istruments], Application & Geography (2013-2018)

Combustion Controls, Equipments & Systems Market - By Product [Components (Boilers, Thermal Oxidizers, Incinerators, Gas Turbines), Systems, Monitoring & Control Istruments], Application & Geography (2013-2018)
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Summary

Continuous industrial expansion and the ever increasing demand for electricity have created the need for greater number of power generation facilities across the world. This demand is more prominent in emerging economies that are currently undergoing industrial expansion on a very large scale. The large power generation industry of the APAC region is expected to drive the global market for combustion equipment, controls & systems. China and India, in their respective ongoing five-year plans, have planned to invest heavily on growing their power generation capacities. They are already one of the largest markets of boilers in the world. The government and independent power producers in the Asian region are making significant investments in power plants. Most of the industry giants are targeting APAC and are taking initiatives to gain access to this market. For instance, recently, Alstom signed a long term agreement with Harbin Turbine Corporation of China to license the manufacturing, assembly, and sale of its gas turbine in the country through HTC. The agreement has opened doors for Alstom to address the high potential Chinese market. Similarly, Doosan acquired a local Indian manufacturer, recently, as part of its efforts to penetrate into the Indian power plant market. With India planning to construct around 20 GW of power plants worth $20 billion every year until 2017, abundant opportunities exist for the foreign players to address the needs of the power generation market in this region. The growing resistance against nuclear power has also contributed, significantly, towards the growth of this market, as countries such as Germany and Switzerland have decided to gradually phase out their nuclear power plants.

The shale gas revolution, which started in the U.S. in 2010, has soon become a global phenomenon with a much wider impact on world energy markets. Major reserves of shale gas have been found in Poland and Argentina. China, in its first five year plan for the development of shale gas, plans to extract more than 6 million cubic meters of shale gas by 2015, and 10 times more by 2020. The country’s resource ministry claims that the country has explorable shale gas reserves of 25.1 trillion cubic meters. Another country with huge shale gas development potential is Argentina. Gas fired power plants and gas turbine markets are expected to largely benefit from this boom over the coming years. The extent of shale gas revolution in the U.S. energy market is so much that it has started threatening the market for renewable and nuclear energy. Moreover, gas turbine power plants are cheaper and faster to build, and have lower emissions, which give them an additional advantage over others. Emission regulations would also accelerate the switching from coal to natural gas. Recent months saw the cancellation of a $24 billion nuclear project in central Florida by Duke Energy (U.S.), as the competition from the low-cost gas could not be matched by nuclear energy. In another event, EDF (France) pulled out of nuclear production in the U.S. as shale gas had reshaped the complete landscape of electric power in the region. The level of competition in the gas turbine industry has grown to such an extent that Siemens decided to invest $1.3 billion in expanding its gas turbine production to shake the firm grip of GE in this segment.

The combustion equipment controls & systems market segmentation revolves around three major verticals: product, application & geography. Each of the vertical is further segmented into individual sub-segments. The product segment covers components, instruments, and monitoring & control instruments. The various components covered in this report are boilers, thermal oxidizers, incinerators, and gas turbines. The systems include process management systems such as burner management systems and boiler control systems; and emission control systems such as fabric filters, electrostatic precipitators, and Flue Gas Desulphurization (FGD) systems. The various monitoring & control instruments covered in the report are actuators and valves, gas turbine inlet air filters, flow meters, combustion analyzers, and sensors (pressure, temperature and level sensors). The application segment covers all major applications such as process industries, metallurgy, cement industry, refining & petrochemicals, energy & power, and aerospace & marine. Incinerators have been segmented differently, based on the feedstock such as municipal waste, industrial waste, sewage sludge, and clinical/biohazardous waste. The geography vertical is segmented into North America, Europe, APAC, and ROW.

Date Published

August, 2013

Format / Pages

PDF / 169