Press release
Global Industrial Burners Market: Segmentation, Investment Opportunities, Market Size, Sales and Revenue, Industry Analysis, and Projected by 2018-2025
An Industrial burner is a mechanical device which uses gas or liquid fuel to produce flames in a controlled manner.
The petrochemicals segment has been reporting a higher consumption of these burners compared to other end users. The scenario is likely to remain so over the next few years due to a robust rise in the demand for petrochemicals in developing regions, particularly in Asia Pacific. In 2016, North America dominated the global market for industrial burners with an overall contribution of 3.8 B USD in terms of revenue.
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Due to the various regulations introduced by governments across the world, it has become important for all manufacturers to produce energy efficient burners. Also, many manufacturers are now focusing on new technologies that will reduce the cost of production, apart from also reducing emissions from industrial furnaces. Industrial burners bring about complete combustion of the air and fuel which, in turn, reduces carbon dioxide emission. Many companies, in the steel industry specially, are now focusing on research and developments to produce energy efficient industrial burners.
One of the major trends being seen in the industrial burner market is the use of renewable fuel oil. With increasing focus on reducing emissions so to avert negative changes in climatic condition, it has become important to use renewable fuel for operations. Companies are investing hugely in R&D for developing such industrial burners.
The global Industrial Burners market is valued at 9230 million US$ in 2017 and will reach 11400 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2018-2025.
The major manufacturers covered in this report
Riello
Weishaupt
Ariston Thermo
Honeywell
JOHN ZINK
Bentone
IBS
Baltur
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
under 1 M BTU/HR
under 10 M BTU/HR
under 20 M BTU/HR
under 30 M BTU/HR
above 50 M BTU/HR
By Application, the market can be split into
Food processing industry
Petrochemical industry
Pulp & Paper industry
Power Generation industry
Others
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