Industrial burners are combustion devices used in various industrial processes such as smelting, heating, drying andevaporation. They provide flame to heat equipments, melt metals, and treat materials at high temperatures. Growing industrialization and manufacturing activities have increased the demand for industrial burners significantly. Rapid infrastructure development and expanding power generation sectorhave also fueled the uptake of industrial burners.
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 5.5% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Energy efficiency has become one of the major priorities for industries globally. Companies are focusing on developing energy efficient and eco-friendly burner systems to reduce carbon footprint and optimize energy consumption. Advanced burner technologies like staged combustion, flue gas recirculation and oxygen trim are being integrated to improve fuel-air mixing and combustion process. These new generation burners provide more uniform flame with lower excess air, translating to savings in fuel costs. Government policies and regulations towards limiting air pollutants from industries have further accelerated the replacement of conventional burners with cleaner and greener alternatives. Growing emphasis on sustainable manufacturing is a key driver promoting adoption of modern industrial burner systems.
Segment Analysis
The global industrial burner market is dominated by the natural gas burner sub-segment, accounting for nearly 45% of the overall market share in 2022. Natural gas burners are environment-friendly and emit lower carbon as compared to oil or coal burners. They provide stable and clean combustion at different loads and help industries meet stringent environmental regulations.
Key Takeaways
The Global Industrial Burner Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 5.5% during this period and reach a size of US$ 11291.33 Mn by 2024.
Regional analysis
Asia Pacific region holds the largest share in the global industrial burner market and is expected to maintain its dominance over the forecast period. Rapid industrialization and growth of manufacturing sector in countries like China and India are driving the demand for industrial burners in this region. North America and Europe are other major markets and are expected to grow at steady pace backed by strict emission norms.
Key players
Key players operating in the industrial burner market are Baker Hughes Inc., Drill Master Inc, Ulterra Drilling Technologies, National Oilwell Varco Inc., Halliburton Inc., Schlumberger, Atlas Copco AB and Scientific Drilling International Inc. Baker Hughes and Schlumberger dominate the market with their wide product portfolio and global presence.
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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.
Read all Reports of this category @ https://www.radiantinsights.com/catalog/machinery About Radiant Insights Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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