Global Combustion Testing Equipment Market demand is anticipated to be valued at US$ 3.4 Billion in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 4.7 Billion from 2022 to 2032. The growth of the Combustion Testing Equipment Market is attributed to its global utilization across the Testing Equipment industry.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 2.1 Billion |
| Expected Market Value (2022) | US$ 3.4 Billion |
| Anticipated Forecast Value (2032) | US$ 4.7 Billion |
| Projected Growth Rate (2022-2032) | 3.2% CAGR |
Combustion testing equipment is used to verify efficient combustion or identify combustion problems in commercial and industrial heating systems, helping ensure their safe operation. Combustion analyzers measure draft, temperature, oxygen, and carbon monoxide levels generated by oil, propane, natural gas, coal, wood, and kerosene-burning furnaces. Combustion analyzer accessories and supplies—such as printers, draft kits, and smoke testers—enhance the testing and recording capabilities of combustion analyzers.
North America is considered to be a dominant region for the Combustion Testing Equipment Market, owing to the revenue generation from the sales of combustion testing equipment.
The major factor that is expected to propel the growth of the Combustion Testing Equipment Market during the forecast period includes rising industrial accidents due to various factors such as industrial dust, high temperature emission, among others.
The factor that is expected to hinder the growth of the Combustion Testing Equipment Market during the forecast period includes low adoption rate for combustion testing equipment in underdeveloped countries.
The major factor that is expected to accelerate the growth of the Combustion Testing Equipment Market during the forecast period includes rising industrial accidents due to various factors such as industrial dust, high temperature emission and unnatural gas formations after combustion.
In addition, stringent government regulations for controlling the quality of the environment at an industrial level in developed economies is another factor that is anticipated to propel the market growth.
Moreover, the other factor that is expected to accelerate the growth of the Combustion Testing Equipment market during the forecast period includes undergoing constant innovations by manufacturers in combustion testing for improving the performance of combustion testing equipment.
Additionally, combustion testing equipment are increasingly preferred as these are eligible to test the combustion process for natural gas, coal, and other different areas, which are the expanding application areas for combustion equipment testing in industrial locations.
The major factor that is expected to hamper the growth of the Combustion Testing Equipment Market includes low adoption rate for combustion testing equipment in underdeveloped countries.
North America is expected to account for a significant Combustion Testing Equipment Market share, considering the revenue generation from the sales of combustion testing equipment.
The other major factor that is expected to augment the North America Combustion Testing Equipment market includes the strict government regulations for maintaining safety at the workplace.
The major factor that is expected to propel the growth of Combustion Testing Equipment in Europe during the forecast period includes increasing focus of organizations for controlling waste material and improving the quality of workplace environment.
Some of the key participants present in the global Combustion Testing Equipment Market include Alstom, ABB, Thermo Fisher Scientific, Bacharach, Doosan, AVL LIST, and DEVOTRANS, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Alstom, and ABB account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.
| Report Attribute | Details |
| Growth Rate | CAGR of 3.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global Combustion Testing Equipment Market to expand at a 3.2% value CAGR by 2032
North America is expected to be the most opportunistic combustion testing equipment market
Alstom, ABB, Thermo Fisher Scientific, Bacharach, Doosan, AVL LIST, and DEVOTRANS are some prominent combustion testing equipment manufacturers
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