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Insights on the Oxy Fuel Combustion Technology Global Market to 2028 - by Offerings, End-use Industry and Geography

Insights on the Oxy Fuel Combustion Technology Global Market to 2028 - by Offerings, End-use Industry and Geography
April 26, 2021 06:28 ET
| Source:
Research and Markets
Research and Markets
Dublin, IRELAND
ResearchAndMarkets.com s offering.
The global oxy fuel combustion technology market was valued at US$ 386.52 million in 2020 and is expected to grow at a CAGR of 9.6% during the forecast period from 2021-2028 to reach US$ 749.60 million by 2028.
The rising concern for carbon dioxide emission in the atmosphere is a major factor driving the oxy fuel combustion technology market. Anthropogenic CO2, that is CO2 produced because of human activities, comes from the combustion of fossil fuels in power plants, transportation, and industrial sources. Fossil fuels currently provide the most of the world s energy, and this situation is expected to persist for at least next few decades. Thus, to continue usi ....

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Worldwide Synchronous Condenser Industry to 2027 - Converting the Existing Synchronous Generators into Synchronous Condensers Presents Opportunities

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According to this report the global synchronous condenser market was valued at US$ 507.64 million in 2019 and is projected to reach US$ 580.28 million by 2027; it is expected to grow at a CAGR of 2.6% from 2020 to 2027.
The demand for traditional power generating sources is declining with aging power generation plants, decommissioning, environmental regulations, increasing competition from gas-fired turbines, and renewable energy sources. Several aged coal-fired power plants across North America and Europe are being shut down owing to these factors. For instance, in 2019, 8.3 GW worth of capacity retirements took place, of which 53% were coal. Withdrawing a power generation unit decreases a plant s capacity for reactive power. There is a growing trend of turning aging power plants into synchronous condensers to stabilize the grid systems. These synchronous condensers provide the reactive powe ....

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