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Combustion Testing Equipment Market

Market Insights on Combustion Testing Equipment covering sales outlook, demand forecast & up-to-date key trends

Combustion Testing Equipment Market By Equipment Type (Combustion Analyzers, Kits, Accessories), End-Use Industry (Oil & Gas, Manufacturing, Energy, Power) & Region - Forecast 2022-2032

Combustion Testing Equipment Market Overview

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.

Which are Some Prominent Drivers Spearheading Combustion Testing Equipment Market Growth?

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.

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What are the Challenges Faced by the Combustion Testing Equipment Industry?

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.

How is North America region Emerging as an Opportunistic Combustion Testing Equipment Market?

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.

Nikhil Kaitwade
Principal Consultant
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How is Europe Contributing to Growth of the Combustion Testing Equipment Market?

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.

Market Competition

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.

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Scope of Report

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

Segments Covered

  • Product Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Alstom
  • ABB
  • Thermo Fisher Scientific
  • Bacharach
  • Doosan
  • AVL LIST
  • DEVOTRANS

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Key Segments Profiled in the Combustion Testing Equipment Industry Survey

Equipment Type:

  • Combustion Testing Analyzers
  • Combustion Testing Kits
  • Combustion Testing Accessories

End Use Industry:

  • Combustion Testing for Oil & Gas
  • Combustion Testing for Manufacturing
  • Combustion Testing for Energy
  • Combustion Testing for Power Generation
  • Combustion Testing for Other End Use Industries

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

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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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Combustion Testing Equipment Market