DUBLIN, March 8, 2024 /PRNewswire/ — The “Industrial Burner Market by Burner Type, Fuel Type, Automation, Operating Temperature, Application, End Use Industry, and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The global industrial burner market size reached US$ 6.9 billion in 2023 and is projected to reach US$ 10.8 billion by 2032, exhibiting a growth rate (CAGR) of 4.98% during 2023-2032. The increasing demand for energy-efficient and environmentally friendly combustion solutions, rising industrialization, stringent emission regulations, technological advancements in burner systems, and a growing focus on process optimization and cost reduction in industrial operations are some of the key factors influencing the market growth.
Industrial Burner Market Trends
Rising demand for energy efficiency
One of the primary drivers of the global industrial burner market is the increasing demand for energy-efficient solutions across industries. With a growing focus on sustainability due to escalating environmental concerns and the economic benefits associated with reduced energy consumption, there is a surging demand for industrial burners offering energy efficiency. Modern industrial burners incorporate advanced technologies, such as intelligent combustion control systems, to optimize fuel efficiency and minimize waste.
The integration of these systems allows for precise control over combustion processes, ensuring that energy is utilized effectively. Additionally, the adoption of low-emission burners helps industries comply with stringent environmental regulations, contributing to a cleaner and greener industrial landscape.
Growing industrialization and urbanization
The global trend of increasing industrialization and urbanization serves as a significant catalyst for the industrial burner market. As industries expand and urban areas develop, there is a rising demand for various industrial applications that rely on efficient and reliable combustion processes. Industrial burners find application in diverse sectors, including manufacturing, chemicals, power generation, and food processing, among others. The expansion of industries and urban centers is creating a higher demand for heating processes, thermal energy, and power generation. Consequently, there is an increasing demand for versatile burner systems capable of catering to a wide range of industrial requirements, contributing to the sustained growth of the global industrial burner market.
Technological advancements and innovation
Ongoing technological advancements and innovation play a pivotal role in shaping the landscape of the industrial burner market. The integration of smart technologies, automation, and digital controls has revolutionized industrial burner systems, enhancing their performance, reliability, and safety.
Moreover, the incorporation of advanced materials and design methodologies has led to the development of high-performance burners capable of withstanding extreme operating conditions, creating a favorable outlook for market expansion. In confluence with this, the advent of innovative combustion technologies, such as ultra-low NOx burners, contributing to environmental sustainability by minimizing nitrogen oxide emissions are presenting lucrative opportunities for the market growth.
Stringent environmental regulations
Environmental concerns and the implementation of stringent regulations regarding emissions control constitute a crucial factor driving the global industrial burner market. Governments and international bodies are increasingly focusing on reducing air pollutants and greenhouse gas (GHG) emissions from industrial activities, prompting industries to invest in cleaner and more efficient combustion technologies. Industrial burners with low NOx and carbon emissions have become imperative for compliance with environmental regulations. Moreover, the market is witnessing a shift towards the adoption of eco-friendly burner solutions, such as regenerative burners and flue gas recirculation systems, to minimize the environmental impact of industrial processes, which is further influencing the market growth.
Industrial Burner Industry Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on burner type, fuel type, automation, operating temperature, application and end use industry.
Radiant burner accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the burner type. This includes regenerative burners, high velocity burner, thermal radiation, radiant burner, customized (burner boiler), flat flame burner, line burner, and others. According to the report, radiant burner represented the largest segment.
Oil-based holds the largest share in the industry
A detailed breakup and analysis of the market based on the fuel type have also been provided in the report. This includes oil-based, gas-based, and dual fuel. According to the report, oil-based accounted for the largest market share.
Monoblock represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the automation. This includes monoblock and duoblock. According to the report, monoblock represented the largest segment.
High temperature (>1,400F) exhibits a clear dominance in the market
A detailed breakup and analysis of the market based on the operating temperature have also been provided in the report. This includes high temperature (>1,400F) and low temperature (<_400f__ according=”according” to=”to” the=”the” report_=”report_” high=”high” temperature=”temperature”>1,400F) accounted for the largest market share.
Boilers dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes boilers, furnace/ovens/kiln, air heating/drying and others. According to the report, boilers represented the largest segment.
Chemicals is the predominant market segment
A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes food and beverages, power generation, chemicals, petrochemicals, metals and mining, automotive, and others. According to the report, chemicals accounted for the largest market share.
Asia-Pacific leads the market, accounting for the largest industrial burner market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.
Competitive Analysis
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Andritz
- Ariston Holding
- Baltur
- C.I.B. Unigas
- Fives SAS
- HeatGEN Engineering Systems
- Honeywell International Inc.
- Limpsfield Combustion Engineering
- Oilon Group
- Oxilon
- Riello
- Selas Heat Technology Company
- The Wesman Engineering Company
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Burner Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Burner Type
6.1 Regenerative Burner
6.2 High Velocity Burner
6.3 Thermal Radiation
6.4 Radiant Burner
6.5 Customized (Burner Boiler)
6.6 Flat Flame Burner
6.7 Line Burner
6.8 Others
7 Market Breakup by Fuel Type
7.1 Oil-based
7.2 Gas-based
7.3 Dual Fuel
8 Market Breakup by Automation
8.1 Monoblock
8.2 Duoblock
9 Market Breakup by Operating Temperature
9.1 High Temperature (>1,400F)
9.2 Low Temperature (<_400f__br />
10 Market Breakup by Application
10.1 Boilers
10.2 Furnace/Ovens/Kiln
10.3 Air Heating/Drying
11 Market Breakup by End Use Industry
11.1 Food and Beverages
11.2 Power Generation
11.3 Chemicals
11.4 Petrochemicals
11.5 Metals and Mining
12 Market Breakup by Region
13 Drivers, Restraints, and Opportunities
14 Value Chain Analysis
15 Porters Five Forces Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/l3886f
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