Press release
Industrial Burner Market is expected to register a CAGR of around 6% during the forecast period 2021-2027. | Limpsfield Combustion Engineering Ltd., Maxon Corporation (Honeywell International, Inc.)
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Market Overview
Burners are devices that combine fuel and air (or oxygen) to produce a precise flame and heat-release pattern while achieving controlled combustion. The heat generated is utilized to regulate the temperature within a combustion chamber to stay within the process setpoints. There are many applications in which an industrial burner is used such as automotive, food processing, glass, petrochemical, etc. Technology advancement is one of the factors that help boost the demand for the industrial burner as it helps in improving the operation and lowering the cost.
Furthermore, the increase in industrialization across the globe drives the demand for industrial burners. Moreover, the pandemic has led to massive losses in this sector due to the termination of manufacturing units due to the strict rules during lockdown leading to a decline in production, which automatically lead to a reduction in the demand for the industrial burner.
COVID-19 Impact
Due to the global lockdown, COVID-19 has halted the production of several items in the industrial burner market. This has slowed growth and is expected to continue in 2021. It has also impacted industrial casting sales in the first quarter of 2021 and is expected to persist throughout the year. The pandemic has severely harmed the shipment of industrial burners, as well as the money generated from them, resulting in weak market development in the first half of 2020. This trend is expected to reverse in the second half of the year, as demand is expected to rise due to increased demand from the building, shipping, and material handling industries.
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The global industrial burner market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By automation, the market is primarily bifurcated into:
• Monoblock
• Duoblock
Based on automation, the market is classified into monoblock and duo-block, the monoblock segment is likely to dominate the global industrial burner market throughout the forecast period in terms of automation. The monoblock burner is a type of high-automation mechanical and electrical integration equipment. The ignition system, air supply system, monitoring system, fuel system, and electronic control system are the five systems that make up the burner. Due to a combustion head design that minimizes Nitrogen Oxide (NOx) to below 120mg/kWh, this type of burner is specially developed to minimize environmental impact.
By end-use, the market is primarily bifurcated into:
• Petrochemicals
• Power Generation
• Chemicals and Specialty Chemicals
• Metal, Mining, and Minerals
• Pharmaceuticals
• Glass and Ceramics
• Foods and Beverages
• Others.
Based on end-users, the market is classified into petrochemicals, power generation, chemicals and specialty chemicals, metal, mining and minerals, pharmaceuticals, glass and ceramics, foods and beverages, and others. The power generation segment is set to have higher growth prospects and significant market growth across the globe. Industrial burners are used to generate high-pressure steam in boilers in gas turbine-based power plants, steam power plants, coal fire power plants, and diesel fire power plants. Power demand is increasing, necessitating the need for greater power generation. As a result of this, as well as the necessity to replace and update older power plants, combined cycle gas turbine power plants are now widely used.
Global industrial burner Market Geographical Segmentation Includes:
• North America
United States
Canada
Rest of the world
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
• Rest of World
For a better understanding of the market adoption of the Global Fireplace Market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific is anticipated to record a remarkable share in the market and is estimated to progress at a considerable pace in the global market during the forecast period, as a result of industrialization, which has fueled demand for industrial burners across the region.
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The major players targeting the market include:
• 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
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global industrial burner market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the global industrial burner market?
• Which factors are influencing the global industrial burner market over the forecast period?
• What are the global challenges, threats, and risks in the global industrial burner market?
• Which factors are propelling and restraining the global industrial burner market?
• What are the demanding global regions of the global industrial burner market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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