The latest market report published by Credence Research, Inc. “Global Industrial Burner Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”. The Industrial Burner market was valued at USD 7,879.5 million in 2020 and expected to grow at a CAGR of 5.6% during the forecast period from 2021 to 2027 to reach around USD 12,475.5 million in 2027.
Global Industrial Burner Market, 2015 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/industrial-burners-market
Industrial burners are of critical importance in host of industries. Industrial burners are used to produce a flame and heat. Industrial burners are available in wide ranging types based on technology and type of fuel used. Selection of appropriate industrial burners is of prime importance in order to achieve the higher efficiency and to increase the benefits of using the same.
Key Trends in Global Industrial Burner Market
Stringent Regulations and Increasing Safety Concerns
Ever increasing applications of industrial burners across host of industries is governed by very stringent regulations. Industrial burners are used for heat and flame generation at different levels based upon requirements of particular production process. Fabrication standards of industrial burners vary based on fuel type and desired applications. Moreover, there are stringent regulatory standards are in place for high level of efficiency and advanced monitoring sensors. Moreover, growing safety concerns around the world has been resulted into adoption of strict safety measures.
Impact of COVID 19 on Global Industrial Burner Market
COVID 19 has left an unparalleled impact on growth of global Industrial Burner industry. The global Industrial Burner has witnessed very severe setback like never before. The demand for Industrial Burner is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Industrial Burner.
Pre and Post COVID 19 Global Industrial Burner Market, 2019 – 2027 (USD Million)
Global Industrial Burner Market by Type Insights
Based on its type, the global Industrial Burner market can be segmented into Regenerative Burners, Thermal Radiation, Flat Flame Burners, Radiant Burners, Line Burners, Customized Burners and Others. Regenerative and customized burners dominated the global industrial burners industry in 2020 with over 60% share together. In this segment we have considered industrial burners which recovers waste heat from exhaust gases. These burners significantly reduce fuel consumption thereby providing high fuel savings. Regenerative burners are predominantly used in processes requiring high temperature.
Global Industrial Burner Market by Application Insights
Based on its application, the global Industrial Burner market can be segmented into Petrochemicals, Power Generation, Chemicals & Specialty Chemicals, Metal, Mining & Mineral, Pharmaceutical, Glass & Ceramics, Food & Beverages and Others. Power generation segment leads the application industry of industrial burners with over 20% share in 2020. Green and clean fuel initiative around the world is supporting the growth of industrial burners.
Global Industrial Burner Market by Fuel Type Insights
Based on its fuel type, the global Industrial Burner market can be segmented into Oil-based, Gas-based, Dual fuel and Others. Oil based and dual fuel based industrial burners accounted for vast majority of revenue generated by this industry in 2020. Together these segments accounted for over 60% share in 2020. However, gas based industrial burners are likely grow at rapid pace over the forecast period.
Global Industrial Burner Market by Regional Insights
North America accounted for largest share in 2020 and was closely followed by the Europe and Asia Pacific. Huge demand for industrial burners in North America for clean energy to reduce carbon footprint, demand for industrial burners in growing. Moreover, stringent regulations in the region is driving demand for industrial burners to maximize the production benefits and achieve increased efficiency in heat and flame generation.
Global Industrial Burner Market Competitive Landscape
Key players operating in the field of manufacturing Industrial Burner including but not limited to Limpsfield Combustion Engineering Ltd., Maxon Corporation (Honeywell International, Inc.), Mitsubishi Hitachi Power Systems, Ltd., Oilon Oy, ALZETA Corporation, Andritz AG, Bloom Engineering Company, Inc. Forbes MarshallOsaka Gas Co., Ltd., Selas Heat Technology Company, Weishaupt Group and Others. Top four players accounted for over 30% share in global industrial burner industry in 2020. Top four players include Andritz AG, Mitsubishi Hitachi Power Systems, Ltd., Weishaupt Group and Osaka Gas Co., Ltd.
Global Industrial Burner Market, Company Share 2020
Global Industrial Burner Market by Type, 2015 – 2027
· Regenerative Burners
· Thermal Radiation
· Flat Flame Burners
· Radiant Burners
· Line Burners
· Customized Burners
Global Industrial Burner Market by Application, 2015 – 2027
· Power Generation
· Chemicals & Specialty Chemicals
· Metal, Mining & Mineral
· Glass & Ceramics
· Food & Beverages
Global Industrial Burner Market by Fuel Type, 2015 – 2027
· Dual fuel
Global Industrial Burner Market by Automation, 2015 – 2027
Global Industrial Burner Market by Operating Temperature, 2015 – 2027
· High Temperature (> 1400F)
· Low Temp (< 1400F)
Global Industrial Burner Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Industrial Burner Market: Key Players
· Limpsfield Combustion Engineering Ltd.
· Maxon Corporation (Honeywell International, Inc.)
· Mitsubishi Hitachi Power Systems, Ltd.
· Oilon Oy
· ALZETA Corporation
· Andritz AG
· Bloom Engineering Company, Inc.
· Forbes MarshallOsaka Gas Co., Ltd.
· Selas Heat Technology Company
· Weishaupt Group