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Industrial Burner Market to Reach US$ 13,164.8 Million by 2028

Industrial Burner Market to Reach US$ 13,164.8 Million by 2028 - Coherent Market Insights

Publish In: Jul 29, 2021

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.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/industrial-burner-market-3713

Browse 150 market data tables* and 90 figures* on “Global Industrial Burner Market- Global forecast to 2027”

Key Trends and Analysis of the Global Industrial Burner Market:

  • North America held dominant position in the global industrial burner market in 2020 and is expected to retain its dominance throughout the forecast period. In the U.S., the Environmental Protection Agency (EPA) monitors the air emission standards of the industrial burners, their operation conditions, and associated constituents by means of regulations such as the ‘Major Source (Boiler MACT) Rule’ and ‘Area Source Rule’ published in the March 21, 2011 circular. The impact of stringent regulatory requirements for industrial burner fabrication is expected to be high on the industrial burner market growth, as the demand for safety requirements for combustion and fuel systems from industries rises.
  • Asia Pacific is expected to show significant growth over the forecast period. Furthermore, government of several developing economies of Asia Pacific such as China and India are employing stringent regulations and raising strategies for lessening carbon emission. For instance, China is moving towards lower emissions vehicles and cities such as Beijing have been implementing emissions for boiler applications from less than 50ppm NOx to less than 30 ppm NOx.
  • Among Fuel Type, oil-based segment held a dominant position in the market in 2020 and is expected to retain its dominance during the forecast period. These type of burners are used in many applications such as furnaces, boilers, heaters, process plants, which is expected to drive the segment growth during forecast period. Burners are designed to operate on light, medium, and heavy fuel oils. For instance, in November 2016, EOGB Ltd, a U.K.-based company which manufactures and distributes oil, gas burner for industrial applications, launched first blue flame domestic oil burner. This burner consists additional features such as low voltage variable speed fan, flexible fan mounting orientation, low voltage flame scanner, and many others.
  • Major players operating in the global industrial burner market include ANDRITZ Group, Baltur S.p.A, Bloom Engineering, Wood Group PLC (Foster Wheeler AG), Honeywell International Inc. (Maxon), Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems, Ltd (MHPS), Oilon Group, Osaka Gas Co., Ltd, Selas Heat Technology Company, R.W. Beckett Corp, SAACKE GmbH, Industrial Combustion IC, Wesman Group, Striko Westofen, Forbes Marshall Pvt. Ltd., QED Combustion, Alzeta Corporation, Alfa Therm Limited, Weishaupt, Enertech GmbH, Power Flame (Astec),  EOGB Energy Products Ltd., Babcock Wanson, Riello S.p.A, Zeeco, Inc., Alfa Laval, Corbett Industries, Inc., Faber Burner Company, AGF Burner Inc., John Zink Hamworthy Combustion, Oxilon Private Limited, Wayne Combustion Systems, SECO/WARWICK, INC., Surface Combustion, Inc., Midco International, Inc., and ELCO GmbH

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