Skip to main content

Global Industrial Burner Market: Increasing Demand for Industrial Boilers to Create Growth Opportunities for Manufacturers

Global Industrial Burner Market: Snapshot 

Thanks to the extensive usage of burner management systems (BMSs), the growth of the global industrial burner market has been escalated substantially. Since these systems provide efficient protection against the explosion of boilers, their demand in various industries has immensely increased, influencing the sales of industrial burners. The efficiency and superior performance of these burners is also increasing their adoption, reflecting positively on this market. 

Over the forthcoming years, the worldwide market for industrial burners is likely to gain significantly from the remarkable rise in the demand for industrial boilers, thanks to the swift industrialization in emerging regions and the widespread application of these boilers in a number of industries, such as chemicals, food processing, power generation, and oil and gas. However, the difficult retrofitting of industrial burners may restrict the growth of this market to some extent in the near future, as it requires skilled manpower and increases the overall operating cost. 

In terms of revenue, the global industrial burner market was worth US$19.6 bn in 2015. Expanding at a CAGR of 3.0% between 2016 and 2024, the market is anticipated to reach US$25.6 bn by the end of 2024. 

 
Demand for Industrial Burner to Remain High in Petrochemicals Industry 

The power generation, petrochemicals, chemicals and specialty chemicals, mining and mineral, metal, glass, pharmaceutical, automotive, ceramics, food processing, and the printing and publishing industries are the main end users of industrial burners across the world. Among these, the petrochemicals segment has surfaced as the leading consumer of these burners. In 2015, the segment contributed US$3.74 bn to the overall revenue generated in the market for industrial burners, globally. 

With a strong rise in the uptake of petrochemicals in developing regions, specifically in Asia Pacific, the demand for industrial burners is estimated to go higher in the petrochemical industry over the next few years, retaining its position as the key consumer. Apart from this, on the grounds of increasing investments and a progressing food industry, the food processing and the power generation sectors are also expected to report a significant growth in the adoption of industrial burners over the years to come. 

This 353-page report gives readers a comprehensive overview of the Industrial Burner Market. Browse to unlock the hidden opportunities in this market@
 
North America to Remain Dominant 

Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa are the prime regional markets for industrial burners. With an overall contribution of US$6.3 bn, North America led the global market for industrial burners in 2015. Analysts estimate this regional market to maintain its lead over the forthcoming years, thanks to the abundance of natural resources, advanced infrastructure, and the high productivity in this region. The U.S. and Canada are expected to drive the North America market for industrial burners over the coming years. As compared to other North American countries, the demand for industrial burners is likely to be considerably high in the U.S. in the near future as the economy is a prominent producer of oil and gas in the whole world. 

Amongst other, Asia Pacific is expected to emerge as the most promising regional market for industrial burners in the years to come. With a large pool of international players establishing their manufacturing units in India and China, prompted by the cost benefits these economies provide concerning raw materials and laborers, is predicted to boost the Asia Pacific industrial burner market over the next few years. Along with this, the upswing in the government initiatives intended to curb carbon footprints in developing Asian countries is also anticipated to adding to the growth of this regional market in the future.

Comments

Post a Comment

Popular posts from this blog

Mobile Printing Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Mobile printing let end-users print documents when they are in traditional network of away from it The mobile printing enables end-users to print from their devices to any mobile printing application enabled printer located in the office, public print location or at home. Mobile printing is wireless and provides high degree of efficiency to its end-users. It uses 802.11 networking or Bluetooth to communicate and can be used on both local area network (LAN) and wide area network (WAN). Thermal based technology is being used in mobile printing to provide high quality output. There are two types of thermal printing methods which are uses in mobile printing namely direct thermal and thermal transfer. With the help of mobile printing technology the security of the device and system will be enhanced, as an individual is able to set password to prevent unauthorized access, in case of remote printing over internet.. Furthermore, mobile printing reduces need for individual printers on every d
Post a Comment
Read more

Growing Industrialization will Influence the Oil Condition Monitoring Market Growth

Major players in the global oil condition monitoring market are Bureau Veritas, Intertek, Parker Hannifin Corporation, Castrol Limited, Spectro Analytical Instruments, General Electric Company, and Insight Services Unveils TestOil Oil is an important resource used in various machineries and engines in order to provide lubrication and for temperature regulation. After prolonged usage, oil starts to lose out on its properties and becomes less functional. Using such oil can damage the engine or machinery in which it is being used. Hence, it is necessary to keep a check on the condition of oil and replace or upgrade it after its optimum usage. Oil condition monitoring means keeping a timely check on the quality of oil that is being deployed in the system and taking the necessary steps so that the oil serves its purpose to the fullest. The monitoring also helps in increasing the efficiency of the machine, reduces downtime, and reduces cost, thereby increasing profits. Request A Sampl
Post a Comment
Read more

Communications Electronics Cooling Systems Market Growth to be Stimulated by Brisk Technological Expansions

The Electronic cooling systems have wide range of applications in many industrial domains for their nature of keeping the electronic device cool and maintain the temperatures optimally required by the device. There are various cooling techniques that includes heat sinks, thermoelectric coolers, forced air systems, fans, and heat pipes. However in case of low environmental temperatures, the devices may require to heat it to maintain the temperature required by the device to achieve satisfactory operation. Also the electronic circuits generate lots of heat and thus maintaining the temperature increases the reliability and shelf life of the device. These electronic cooling systems have wide applications in personal computers, soldering, batteries, and other electronic component and devices. There are software that are designed for thermal simulation of electronic devices. There are various methods through which heat is being sink in the devices that includes cold plates, fans, high condu
Post a Comment
Read more