The global industrial burner market was valued at US$ 10,243.4 Million in 2020 and is expected to surpass US$ 13,164.8 Million by 2028, registering a CAGR of 3.3% during the forecast period (2021-2028), according to the Global Industrial Burner Market Report, By Fuel Type (Oil-based, Gas-based and Dual Fuel), by Automation (Monoblock and Duoblock), By Burner Type (Regenerative Burners, High Velocity Burner, Thermal Radiation Radiant Burner, Customized (Burner Boiler), Flat Flame Burner, Line Burner and Others), By Operating Temperature (High Temperature (> 1400F) and Low Temp (< 1400F)), By Application (Boilers, Furnace/Ovens/Kiln, Air Heating/ Drying and Others), By End-use Industry (Petrochemicals, Power Generation, Chemicals & Specialty Chemicals, Mining and Mineral, Metal, Pharmaceutical, Glass, Ceramics, Food Processing, Automotive, Printing & Publishing and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
The increasing adoption of 3D printing technology in industrial burner fabrication is expected to drive the market growth during the forecast period. Due to advanced 3D printing technology, the industrial burner offer significant opportunities for various plant operators to enhance overall efficiency in product manufacturing and also reduces overall production cost. The innovative 3D printing technology provides industrial burners with optimized combustion of gaseous and liquid fuel. These technology based industrial burners can work on alternating fuel with integral functionality and minimized product size. For instance, Euro-K GmbH, a Germany-based company, which develops micro gas turbine system for mobile and stationary applications, proposed a technology to manufacture micro-burners to optimize fuel requirements and offer operating flexibility. The micro-burner provides the choice of fuel, as the burner produces a fuel/air mixture and can burn both liquid and gaseous fuel. Moreover, several major players across different countries are focusing on developing new industrial burners with new features and technologies to remain competitive in the market. For instance, in December 2019, Siemens, a Germany-based automation company signed an agreement with Goteborg Energi, a Sweden-based company that offers heat and energy services. Under this agreement, Goteborg Energi and Siemens will work together to reduce the gas combustion of the GT-1 SGT-800 turbines gradually over time. The companies’ main focus is to run the SGT-600, -800,-700 gas turbine combustors 100% fossil free. The 3D printing technology of Siemen company will enhance the efficiency of the turbines and will provide support to Goteborg Energi to generate heat from renewed or recover energy sources.
Global Industrial Burner Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries implemented lockdown and are now easing it phase-wise and industry wise. This has significantly impacted manufacturing sector, as the facilities across the globe were temporarily shut down. Owing to Covid-19, the transport sector has been negatively impacted. All modes of transport across various countries are suffering losses. Although transport services resumed post lockdown, threat of COVID-19 still exist in countries such as India and China. Thus, considering the overall impact of COVID 19, the global industrial burner market witnessed sharp decline during the COVID-19 period.
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