Industrial Burner Market: Current Analysis and Forecast (2021-2027)

Industrial Burner Market: Current Analysis and Forecast (2021-2027)

The Global Industrial Burner market is expected to register a CAGR of around 6% throughout 2021-2027. Some of the factors that drive the demand for industrial burners in the market are emerging government strategies for lessening carbon emissions and considerable growth in the mining and petrochemical sector. Furthermore, the increase in industrialization across the globe drives the demand for industrial burners. There are many applications in which an industrial burner is used such as automotive, food processing, glass, petrochemical, etc. Technology advancement is one of the factors that help boost the demand for the industrial burner as it helps in improving the operation and lowering the cost.

Some of the major players operating in the market include Limpsfield Combustion Engineering Ltd., Maxon Corporation (Honeywell International, Inc.), Mitsubishi Hitachi Power Systems, Ltd., Oilon Oy., ALZETA Corporation, Andritz AG., Bloom Engineering Company, Inc, Forbes MarshallOsaka Gas Co., Ltd., Selas Heat Technology Company, Weishaupt Group.

Insights Presented in the Report
"Amongst fuel type, Dual-based category accounted for the majority share in the market in 2020”

Based on the fuel type, the global market is classified into oil-based, gas-based, and dual-based. Dual-based fuel burners catered to a significant share of the market. Dual-based fuel burners combine low-cost fuel sources with expensive secondary fuel sources to ensure consistent and reliable supply. When compared to dual-fuel fuel burners, single-fuel industrial burners have a lower efficiency. Dual fuel industrial burners are encouraged in developed nations to reduce their impact on dwindling fossil fuels and other natural energy resources.
"Amongst end-user, Power Generation is expected to witness highest CAGR during the forecast period”

Based on end-users, the market is classified into petrochemicals, power generation, chemicals and specialty chemicals, metal, mining and minerals, pharmaceuticals, glass and ceramics, foods and beverages, and others. The power generation segment is set to have higher growth prospects and significant market growth across the globe. Industrial burners are used to generate high-pressure steam in boilers in gas turbine-based power plants, steam power plants, coal fire power plants, and diesel fire power plants. Power demand is increasing, necessitating the need for greater power generation. As a result of this, as well as the necessity to replace and update older power plants, combined cycle gas turbine power plants are now widely used.
"Asian-Pacific to witness significant growth during the forecast period”

For a better understanding of the market adoption of the industrial burner market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific is anticipated to record a remarkable share in the market and is estimated to progress at a considerable pace in the global market during the forecast period, as a result of industrialization, which has fueled demand for industrial burners across the region. Furthermore, with the increasing investments in LNG, chemicals, and mining coupled with the rising manufacturing sectors in developing countries like India, Vietnam, and Indonesia, the region is expected to witness strong growth during the forecast period.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.