Oxy-fuel Combustion Technology Market Size and Forecast 2021 - 2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Offerings, Industry, and Geography

Description

List of Tables

The oxy-fuel combustion technology market size was valued at US$ 589.89 million in 2024 and is expected to reach US$ 1,056.23 million by 2031; it is estimated to record a CAGR of 8.94% from 2025 to 2031.

Oxy-fuel combustion technology is transforming the overall performance of heavy industries by enabling lower emissions and improved energy efficiency through continuous carbon capture technology integration. In the steel industry, oxy-fuel combustion technology helps in decarbonizing blast furnaces. It involves substituting air with ~95% pure oxygen, lowering nitrogen dilution, and producing a concentrated CO2 stream for capture. In July 2022, Taiyo Nippon Sanso Corporation (TNSC) announced that it was working on reducing greenhouse gas and CO2 emissions in industrial furnaces through oxygen combustion technologies. Nippon Steel is vigorously pursuing the COURSE50 project, whose goal is to significantly decrease CO2 emissions from blast furnaces by substituting carbon with hydrogen-rich gases. This initiative is a significant part of the company's Carbon Neutral Vision 2050. It includes developing technologies for injecting hydrogen into blast furnaces and exploring other innovative methods, thereby initiating high-grade steel production in electric arc furnaces alongside directing the hydrogen reduction of iron. The company is thus exploring the application of oxy-fuel combustion technology, which encompasses using oxygen instead of air in the blast furnace, potentially reducing CO2 emissions. Oxy-fuel combustion is the process of combusting hydrocarbon fuel in a nearly pure oxygen environment. Instead of using nitrogen to control the temperature, a part of the flue gas is used to dilute the oxygen.

In coal-fired power plants, oxy-fuel combustion technology is employed with the primary goal of producing flue gas with extremely high CO2 and water vapor concentrations, allowing the CO2 to be separated or captured from the flue gas using low-temperature dehydration and desulfurization processes. Thus, reduced NOx emissions, high CO2 purity, and lower gas volumes due to increased density are a few outcomes of oxy-fuel combustion technology benefiting the metal and power generation plants. Oxy-fuel combustion is one of the prominent methods available in the market for cost-effective, technically feasible carbon capture. The most common oxy-fuel process involves burning pulverized coal in nearly pure oxygen (purity greater than 95% and up to 99%) mixed with recycled flue gas. Thus, the reduction in emissions of industrial gases such as carbon dioxide and nitrous oxide is adding to the popularity of oxy-fuel combustion technology in industries such as manufacturing, metal and mining, oil and gas, and power generation.

Falorni Gianfranco SRL; Messer SE & Co KGaA; Heidelberg Materials AG; Jupiter Oxygen Corp; Encon Thermal Engineers Pvt Ltd; ESA SpA; Babcock & Wilcox Enterprises Inc; Linde Plc; and L'Air Liquide SA are among the key oxy-fuel combustion technology market players that are profiled in this market study.

The overall oxy-fuel combustion technology market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Oxy-fuel combustion technology market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes 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 oxy-fuel combustion technology market.

Product Code: TIPRE00010499

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. Oxy-fuel Combustion Technology Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Oxy-fuel Combustion Technology Solution Providers

5. Oxy-fuel Combustion Technology Market - Key Market Dynamics

5.1 Oxy-fuel Combustion Technology Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Importance of Carbon Capture and Storage
- 5.2.2 Increasing Government Initiatives and Emphasis on Environmental Regulations to Decrease Air Pollution
- 5.2.3 Rising Emphasis on Decarbonization in High-Emission Industries
5.3 Market Restraints
- 5.3.1 Limitations in Infrastructure to Support Oxy-fuel Combustion and Carbon Capture
- 5.3.2 High Cost and Energy Requirements
5.4 Market Opportunities
- 5.4.1 Air Pollution Awareness Programs in Developed and Developing Countries
- 5.4.2 Surge in Concerns Around Air Quality in Developing Countries
5.5 Future Trends
- 5.5.1 Development of Hydrogen-Oxy-fuel Hybrid Systems
5.6 Impact of Drivers and Restraints:

6. Oxy-fuel Combustion Technology Market - Global Market Analysis

6.1 Oxy-fuel Combustion Technology Market Revenue (US$ Million), 2021-2031
6.2 Oxy-fuel Combustion Technology Market Forecast Analysis

7. Oxy-fuel Combustion Technology Market Analysis - by Offerings

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)

8. Oxy-fuel Combustion Technology Market Analysis - by Industry

8.1 Oil and Gas
- 8.1.1 Overview
- 8.1.2 Oil and Gas: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Power Generation
- 8.2.1 Overview
- 8.2.2 Power Generation: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Manufacturing
- 8.3.1 Overview
- 8.3.2 Manufacturing: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Metals and Mining
- 8.4.1 Overview
- 8.4.2 Metals and Mining: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Oxy-fuel Combustion Technology Market - Revenue and Forecast to 2031 (US$ Million)

9. Oxy-fuel Combustion Technology Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Oxy-fuel Combustion Technology Market Overview
- 9.2.2 North America: Oxy-fuel Combustion Technology Market - Revenue, 2021-2031 (US$ Million)
- 9.2.3 North America: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
  - 9.2.3.1 North America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Offerings
- 9.2.4 North America: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.2.4.1 North America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Industry
- 9.2.5 North America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.1 North America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.2 US: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.2.1 US: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.2.5.2.2 US: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.2.5.3 Canada: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.3.1 Canada: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.2.5.3.2 Canada: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.2.5.4 Mexico: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.4.1 Mexico: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.2.5.4.2 Mexico: Oxy-fuel Combustion Technology Market Breakdown, by Industry
9.3 Europe
- 9.3.1 Europe Oxy-fuel Combustion Technology Market Overview
- 9.3.2 Europe: Oxy-fuel Combustion Technology Market - Revenue, 2021-2031 (US$ Million)
- 9.3.3 Europe: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
  - 9.3.3.1 Europe: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Offerings
- 9.3.4 Europe: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.4.1 Europe: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Industry
- 9.3.5 Europe: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.1 Europe: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.2 Germany: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.2.1 Germany: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.2.2 Germany: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.5.3 France: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.3.1 France: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.3.2 France: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.5.4 Italy: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.4.1 Italy: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.4.2 Italy: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.5.5 UK: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.5.1 UK: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.5.2 UK: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.5.6 Russia: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.6.1 Russia: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.6.2 Russia: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.3.5.7 Rest of Europe: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.7.1 Rest of Europe: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.3.5.7.2 Rest of Europe: Oxy-fuel Combustion Technology Market Breakdown, by Industry
9.4 Asia Pacific
- 9.4.1 Asia Pacific Oxy-fuel Combustion Technology Market Overview
- 9.4.2 Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue, 2021-2031 (US$ Million)
- 9.4.3 Asia Pacific: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
  - 9.4.3.1 Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Offerings
- 9.4.4 Asia Pacific: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.4.1 Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Industry
- 9.4.5 Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.1 Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.2 Australia: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.2.1 Australia: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.2.2 Australia: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.5.3 China: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.3.1 China: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.3.2 China: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.5.4 India: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.4.1 India: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.4.2 India: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.5.5 Japan: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.5.1 Japan: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.5.2 Japan: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.5.6 South Korea: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.6.1 South Korea: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.6.2 South Korea: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.4.5.7 Rest of Asia Pacific: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.7.1 Rest of Asia Pacific: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.4.5.7.2 Rest of Asia Pacific: Oxy-fuel Combustion Technology Market Breakdown, by Industry
9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Oxy-fuel Combustion Technology Market Overview
- 9.5.2 Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue, 2021-2031 (US$ Million)
- 9.5.3 Middle East and Africa: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
  - 9.5.3.1 Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Offerings
- 9.5.4 Middle East and Africa: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.5.4.1 Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Industry
- 9.5.5 Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.1 Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.2 South Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.2.1 South Africa: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.5.5.2.2 South Africa: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.5.5.3 Saudi Arabia: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.3.1 Saudi Arabia: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.5.5.3.2 Saudi Arabia: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.5.5.4 UAE: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.4.1 UAE: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.5.5.4.2 UAE: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.5.5.5 Rest of Middle East and Africa: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.5.1 Rest of Middle East and Africa: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.5.5.5.2 Rest of Middle East and Africa: Oxy-fuel Combustion Technology Market Breakdown, by Industry
9.6 South America
- 9.6.1 South America Oxy-fuel Combustion Technology Market Overview
- 9.6.2 South America: Oxy-fuel Combustion Technology Market - Revenue, 2021-2031 (US$ Million)
- 9.6.3 South America: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
  - 9.6.3.1 South America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Offerings
- 9.6.4 South America: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.6.4.1 South America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Industry
- 9.6.5 South America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.1 South America: Oxy-fuel Combustion Technology Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.2 Brazil: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.2.1 Brazil: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.6.5.2.2 Brazil: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.6.5.3 Argentina: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.3.1 Argentina: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.6.5.3.2 Argentina: Oxy-fuel Combustion Technology Market Breakdown, by Industry
  - 9.6.5.4 Rest of South America: Oxy-fuel Combustion Technology Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.4.1 Rest of South America: Oxy-fuel Combustion Technology Market Breakdown, by Offerings
    - 9.6.5.4.2 Rest of South America: Oxy-fuel Combustion Technology Market Breakdown, by Industry

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Market Concentration, 2024

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development

12. Company Profiles

12.1 Falorni Gianfranco SRL
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
12.2 Messer SE & Co KGaA
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
12.3 Heidelberg Materials AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Jupiter Oxygen Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
12.5 Linde Plc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 L'Air Liquide SA
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Air Products and Chemicals Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
12.8 Encon Thermal Engineers Pvt Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
12.9 ESA SpA
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
12.10 Babcock & Wilcox Enterprises Inc
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners