According to a new market research report published by Acute Market Reports “Industrial Burners Market (Burner Type – Regenerative Burner, Thermal Radiation Burners, Flat Flame Burners, Radiant Burners, Flameless Burners and Customized Burners; Fuel Type – Solid Fuel, Oil-based, Gas-based and Dual Fuel; Automation – Monoblock-type Burners and Duoblock-type Burners; Operating Temperature – Low Temperature and High Temperature; Industry Vertical – Power Generation, Petrochemicals, Chemical Processing & Manufacturing, Metals & Mining, Glass & Ceramics, Pharmaceuticals, Food & Beverages and Others (Textile, Automotive etc.)) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global industrial burners market was valued at US$ 18.40 Bn in 2017.
Browse the full report at https://www.acutemarketreports.com/report/industrial-burners-market
Industrial burner is among the most integral components used across wide array of industry verticals including petrochemicals, power generation, chemical processing, pharmaceuticals, metals & mining and several others. The market is expected to exhibit steady growth over the forecast period due to consistently growing power generation sector, primarily backed by the U.S., China and India. The three countries collectively account for nearly 50% of the total electricity generation across the world. China and India, due to factors such as rising number of power generation plants and proliferating industrial sector, are expected to emerge as the most prominent markets for industrial burners in the following years. Additionally, strong anticipated growth in the petrochemicals sector is another important factor expected to drive the industrial burners market growth. However, factors such as requirement of skilled labor and growing inclination towards renewable energy may pose significant challenge for the market.
Industrial burners market is categorized based on burner type, fuel type, automation, operating temperature, industry vertical and geography. Based on fuel type, the solid fuel and gas-based fuel segments dominate the market, collectively accounting for more than 50% of the total market revenue. With concerns over depleting coal reserves, solid fuel-based segment may witness slower growth over the forecast period. Dual fuel segment is expected to register the highest growth rate during the forecast period, primarily backed by longer operating time offered by these burners. By operating temperature, the market high temperature (more than 14000 F) segment leads the market due to higher application area of these energy levels. Based on the geography, Asia Pacific dominates the overall industrial burners market with nearly 1/3rd share of the total revenue generated worldwide. Due to factors such as robust industrial sector and rising power generation sector, the region would register the highest growth rate during the forecast period.
The overall industrial burners market is competitive in nature with major players focusing on product enhancement. One of the most important concerns for industrial burners is achieving high efficiency with reduced maintenance. Thus, majority of the market players emphasize on developing burners that require less maintenance and offer higher efficiency and energy levels. Another important strategy adopted by the market players is expansion of sales & service network. Providing prompt service and training is one of the most important aspects considered by the market players. Some of the major players profiled in the report include Maxon Corporation (Honeywell International, Inc.), Weishaupt Group, Selas Heat Technology Company, Andritz AG, ALZETA Corporation, Forbes Marshall, Mitsubishi Hitachi Power Systems, Ltd., Wesman Group, Oilon Oy, Limpsfield Combustion Engineering Ltd., Bloom Engineering Company, Inc., Osaka Gas Co., Ltd. and QED Combustion, Inc. among others.
Key questions answered in this report
- What are the current market trends and dynamics in the industrial burners market and valuable opportunities for emerging players?
- Estimated forecast and market projections up to 2029
- Which segment accounts for the fastest CAGR during the forecast period?
- Which is the largest regional market for industrial burners?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- The worldwide market value of the industrial burners market in 2019 and 2020
- Which are the key trends driving the global industrial burners market growth?
- Who are the leading service providers in the industrial burners market worldwide?
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