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Rising Adoption Of Low Nitrogen Oxide (NOx) Combustion Technology To Surge Industrial Burner Market Value To US$ 9 Bn By 2029
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Key Takeaways of Industrial Burner Market Study
• Integration of burner automation units will go hand-in-hand with the controlling of operating voltage of an overall industrial unit. Considering the life risks associated with operating an industrial burner, manufacturers will focus on automating all possible functions to create lowest human contact.
• From an operating standpoint, the adoption of industrial burners developed on FGR and other low NOx combustion technologies will be encouraged in the coming years. Such adoption may also become a mandate in the industrial sectors of developed markets, where controlling the environmental imprint of industrial operations is given utmost importance.
• From a manufacturing perspective, a handful players in the global industrial burner market may focus on adopting composite and hybrid raw materials, as their efficacy in diverse application environments remains to be tested.
• Investments of plant operators toward the maintenance of industrial burners will not be viewed as collateral expenses, as end-user companies will benefit from the efficiency and cost-effectiveness that comes with a well-maintained industrial burner.
• On the basis of end use, the metal & metallurgy industry is expected to create significant opportunity in the coming years for industrial boilers among other end-use industries.
• North America is expected to retain its dominant position in the global industrial burner market throughout the forecast period, in terms of volume as well as value.
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Industrial Burner Market: Competitive Landscape
The global industrial burner market is highly fragmented, with tier-1 players accounting for around 35-40% of the share of the global market. Some of the key market players included in the report are Honeywell International, Inc, Inc., Baltur S.p.A., and Forbes Marshall Private Limited. Market participants are investing in R&D activities to develop new products with efficient heat transfer and low-fuel consumption. Moreover, manufacturers are developing customized cost-effective industrial burners to attain the specific requirements of end-use industries, with optimum level of operational efficiency.
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