Overview and Scope
Industrial burner refers to a mechanical device that combines fuel and air and creates a platform for combustion using an ignition source. Boiler and furnace heating system is dependent on industrial burners to control the temperature of the whole manufacturing facility as well as other heating activities that occur during production.
Sizing and Forecast
The industrial burner market size has grown strongly in recent years. It will grow from $5.97 billion in 2023 to $6.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to industrial expansion, energy sector demand, stringent emission regulations, shift towards energy-efficient solutions, expansion in petrochemical and refining industries..
The industrial burner market size is expected to see strong growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to safety and reliability considerations, global environmental concerns, demand from food processing and manufacturing.. Major trends in the forecast period include market demand for retrofitting and upgradation, focus on energy efficiency, adoption of low-emission burners, shift towards alternative fuels, industry 4.0 and automation integration.
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Segmentation & Regional Insights
The industrial burner market covered in this report is segmented –
1) By Fuel type: Oil, Gas, Solid fuel, Dual fuel
2) By Burner Type: Radiant Burner, Direct-fired Burner, Regenerative Burner, High Thermal Release Burner, Self-recuperative Burner and Others
3) By Operating Temperature: High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F)
4) By Application: Boilers, Furnaces/Forges, Air Heating/Drying, Incineration, Other Applications
Top Major Players:
Max Weishaupt GmbH
Honeywell International Inc.
Andritz AG
Baltur S.p.A
Oilon Group OY
Asia-Pacific was the largest region in the industrial burner market in 2023
Asia-Pacific was the largest region in the industrial burner market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial burner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing power generation is expected to drive the Industrial burner market going forward. The market for industrial burners is expanding primarily as a result of increased power generation and electricity for large-scale power plant installations of industrial burners in boilers. For instance, according to the report by world energy & climate statistics, an application that delivers data by region with updated statistics and related information, in 2022, in The BRICS countries, where electricity consumption increased noticeably, especially in China (+9.7%), India (+4.8%), Russia (+6.4%), and Brazil (+9.5%) were the driving force behind the growth in global power generation (+8.5% in 2021, 10% above their 2019 level). In China, the majority of the increase in power generation came from coal, wind, and solar energy. Therefore, increasing power generation will stimulate the growth of the industrial burner market in the forecasting period.
Key Industry Players
Major companies operating in the industrial burner market report are Max Weishaupt GmbH, Honeywell International Inc., Andritz AG, Baltur S.p.A, Oilon Group OY, Selas Heat Technology Company LLC, Alzeta Corporation, Oxilon Pvt. Ltd., Limpsfield Combustion Engineering Limited, John Zink Company LLC, Forbes Marshall Private Limited, Faber Burner Company, Miura America Co. LTD., WESMAN GROUP, Webster Combustion Technology LLC, AGF Burner Inc., Bloom Engineering Company, Inc., Riello S.p.A, Hamworthy Combustion Engineering Ltd., Kromschroder, North American Manufacturing, QED Combustion Inc., Selkirk Canada Corporation, Superior Combustion Industries, Thermal Solutions Products LLC, Nationwide Boiler Inc., Aereon Inc., Babcock & Wilcox, CEC Combustion Safety LLC, Coen Company Inc.
The industrial burner market report table of contents includes:
1. Executive Summary
2. Industrial Burner Market Characteristics
3. Industrial Burner Market Trends And Strategies
4. Industrial Burner Market – Macro Economic Scenario
5. Global Industrial Burner Market Size and Growth
..
31. Global Industrial Burner Market Competitive Benchmarking
32. Global Industrial Burner Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Burner Market
34.Industrial Burner Market Future Outlook and Potential Analysis
35. Appendix
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