The global Industrial Burner Market is estimated to be valued at US$ 11291.33 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial burners are devices used to ignite and control the combustion of fuels such as gas, oil or solid fuels, which generate heat in the process. They are mainly used for drying, heating, steam production and fired heaters in industrial processes. The advantages of industrial burners include high efficiency, low emissions and customizable design according to the heating capacity requirements.
Market key trends:
One of the key trends in the industrial burner market is the growing demand for energy-efficient and low emission burners. Stringent emission norms by regulatory bodies around the world are pushing burner manufacturers to develop innovative burner technologies that can reduce NOx and CO2 emissions from industrial heating processes. Variable flow and modulating burners are gaining popularity as they can precisely match burner output to the thermal load, resulting in significant fuel savings. Development of Internet of Things (IoT) enabled ‘smart burners’ is another trend, as they allow remote monitoring and control of burners for predictive maintenance and optimization of combustion efficiency.
Segment Analysis
The global industrial burner market is segmented into burner type, fuel type, application and end-use industry. Based on burner type, the market is divided into mono-block burners, atmospheric burners and dual fuel burners. Among these, dual fuel burners dominated the market in 2022 due to their flexibility in using multiple fuels simultaneously. By fuel type, the market is bifurcated into gas and oil fired burners. Gas fired burners held the largest market share owing to the low emission and higher efficiency compared to oil fired burners. On the basis of application, the market is segmented into boiler, furnace, kiln/oven and dryers. The boiler segment accounted for the largest share of the market due to extensive usage of burners in commercial and industrial boilers worldwide. Based on end-use industry, the market is divided into oil & gas, chemical, food processing, automotive, pulp & paper and others. The oil & gas industry led the market in 2022 due to high usage of burners in production and refining applications in the industry.
Key Takeaways
The Global Industrial Burner Market Size is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period, due to increasing demand for energy-efficient industrial burners worldwide.
Regional analysis - Asia Pacific dominated the industrial burner market in 2022 and is estimated to grow at the highest CAGR due to rapid industrialization and increasing manufacturing activities in China, India and other developing economies in the region.
Market size - The global industrial burner market size was valued at US$ 11291.33 Mn in 2023 and is projected to reach US$ 15239.66 Mn by 2030.
Key players - Key players operating in the industrial burner market are ANDRITZ Group, Baltur S.p.A, Bloom Engineering, Wood Group PLC (Foster Wheeler AG), Honeywell International Inc. (Maxon), Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems, Ltd (MHPS), Oilon Group, Osaka Gas Co., Ltd, Selas Heat Technology Company, R.W. Beckett Corp, SAACKE GmbH, Industrial Combustion IC, Wesman Group, Striko Westofen, Forbes Marshall Pvt. Ltd., QED Combustion, Alzeta Corporation, Alfa Therm Limited, Weishaupt, Enertech GmbH, Power Flame (Astec), EOGB Energy Products Ltd., Babcock Wanson, Riello S.p.A, Zeeco, Inc., Alfa Laval, Corbett Industries, Inc., Faber Burner Company, AGF Burner Inc., John Zink Hamworthy Combustion, Oxilon Private Limited, Wayne Combustion Systems, SECO/WARWICK, INC., Surface Comb.
Read more: https://www.ukwebwire.com/industrial-burner-market-forecast-size/
An Industrial burner is a mechanical device which uses gas or liquid fuel to produce flames in a controlled manner.Due to the various regulations introduced by governments across the world, it has become important for all manufacturers to produce energy efficient burners.This report studies the global Industrial Coal Burner market status and forecast, categorizes the global Industrial Coal Burner market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
Download Free Sample Report @ https://www.radiantinsights.com/research/global-industrial-coal-burner-market-research-report-2019/request-sample The major manufacturers covered in this report • Riello• Weishaupt• Ariston Thermo• Honeywell• JOHN ZINK• Bentone• IBS• Baltur• Oilon Group• OLYMPIA• Selas Heat Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering• North America• Europe• China• Japan• Southeast Asia• India We can also provide the customized separate regional or country-level reports, for the following regions:• North America• United States• Canada• Mexico• Asia-Pacific• China• India• Japan• South Korea• Australia• Indonesia• Singapore• Rest of Asia-Pacific• Europe• Germany• France• UK• Italy• Spain• Russia• Rest of Europe• Central & South America• Brazil• Argentina• Rest of South America• Middle East & Africa• Saudi Arabia• Turkey• Rest of Middle East & Africa Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-industrial-coal-burner-market-research-report-2019 On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into• under 1 M BTU/HR• under 10 M BTU/HR• under 20 M BTU/HR• under 30 M BTU/HR• above 50 M BTU/HROn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including• Food Processing Industry• Petrochemical Industry• Pulp & Paper Industry• Power Generation Industry• Others The study objectives of this report are:• To analyze and study the global Industrial Coal Burner capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);• Focuses on the key Industrial Coal Burner manufacturers, to study the capacity, production, value, market share and development plans in future.• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.• To define, describe and forecast the market by type, application and region.• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.• To identify significant trends and factors driving or inhibiting the market growth.• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market• To strategically profile the key players and comprehensively analyze their growth strategies.
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