Air Products and Chemicals, Inc., Air Liquide S.A., Linde Plc, General Electric Company, Jupiter Oxygen Corporation - Prominent Market Participants in Oxy Fuel Combustion Technology Market
Oxy fuel combustion technology market are receiving high momentum across the world. increasing government initiatives to reduce air pollution is influencing the market growth. Air pollution is one of most serious health and environmental issues worldwide. Many of the leading causes of death, such as heart disease, stroke, lower respiratory infections, lung cancer, diabetes, and chronic obstructive pulmonary disease, are linked to air pollution, which includes both outdoor and indoor particulate matter and ozone. It is at the top of the list in low-income countries. It was estimated that 5 million people died because of air pollution in 2017. Low-income countries have higher indoor pollution rates due to their reliance on solid fuels for cooking, and outdoor air pollution increases as countries industrialize and move from low to middle income status. Hence, air pollution is more prevalent in both low- and middle-income countries. Several initiatives have been taken by the local and federal government bodies across the globe over the years for minimizing the hazardous industrial air disposal. This is fueling the growth of the global oxy fuel combustion technology market. For instance, The National Clean Air Programme under the Central Sector "Control of Pollution" Scheme has been launched by the Central Government of India as a long-term, time-bound national strategy to address the country's air pollution problem in a comprehensive manner, with targets of achieving a 20% to 30% reduction in PM10 and PM2.5 concentrations by 2024, using 2017 as the baseline year.
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