Middle East and Africa 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)          

Middle East and Africa 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 the MEA is expected to grow from US$ 37.79 million in 2021 to US$ 56.59 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. Air pollution awareness programs in both developed and developing countries have experienced a surge over the years to combat 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 organizations mentioned above 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 MEA oxy fuel combustion technology market. Several initiatives have been taken by the local and federal government bodies across the region to minimize hazardous industrial air disposal. This is fueling the growth of the MEA oxy fuel combustion technology market.

Based on offering, the MEA oxy fuel combustion technology market is segmented into solution and services. The services segment is expected to be the fastest-growing segment during the forecast period. The core services offered by the oxy fuel combustion technology market players include installation services and other on-site and off-site services. The companies assist their clients in installing the solutions and integrating the same with the existing manufacturing or combustion processes. The solution providers also offer after-sales on-site and off-site services based on the client’s requirements. Offerings timely upgrades and technical support to the ground laborers forms a major part of the service offerings.

Among the MEA countries, Iran has reported the highest number of COVID-19 cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region facing the disruptive effects of the COVID-19 pandemic. The Middle Eastern and African countries have reported fewer cases than the countries in North America and Europe; therefore, strict lockdown regulations were not imposed in all these countries. The lockdown measures were imposed only in a few countries that witnessed the rapid spread of the infection. However, similar to the global trend, the oxy fuel combustion technology market in the MEA witnessed a mixed impact of the pandemic. According to the analysis, oxy fuel combustion technology providers witnessed reduced demand, lower returns for selective projects, and delay or cancellation of new or ongoing projects. They also witnessed instability in their operations and ability to access capital on favorable terms.

The MEA 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 MEA 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 MEA oxy fuel combustion technology market. Air Liquide SA; Air Products and Chemicals, Inc.; FALORNI GIANFRANCO S.R.L; 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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Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the oxy fuel combustion technology market, as well as those hindering it
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