Process Burners, Process Flares & Thermal Oxidizer Systems Market is expected to reach USD 1,759.20 Million by 2029: Cognitive Market Research

Market Overview:
Process burners are an essential component of many industrial facilities that supplies energy to fuelled heaters and furnaces through combustion. Flares, on the other hand, can be used to manage practically any VOC stream and can handle variations in VOC concentration, flow rate, heating value, and inerts content.
Flaring is suited for waste gas stream applications that need continuous, batch, or variable flow. The majority of chemical plants and refineries already have flare systems in place to deal with emergency process disruptions that need the emission of huge amounts of gas.
Furthermore, contaminants such as VOCs (Volatile Organic Compounds) are emission concerns are must be addressed before they are discharged into the environment. As a standard treatment procedure for these chemicals, a thermal oxidizer is utilized.

Market Insights:
• The Global Process Burners, Process Flares & Thermal Oxidizer Systems Market is expected to reach USD 1,759.20 Million by the end of 2029, growing at a CAGR of 4.94% between 2023 and 2030.
• The Oil and Gas Revenue in Process Burners, Process Flares & Thermal Oxidizer Systems is anticipated to reach USD 646.24 Million in 2029.
• Asia Pacific Process Burners, Process Flares & Thermal Oxidizer Systems market size is projected to reach at USD 537.61 Million in 2029.

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Market Drivers:
• Growing Chemical Industry
In the chemical industry, a complex of processes, operations, and organizations are engaged in the manufacture of chemicals and their derivatives. China is considered as a manufacturing hub for companies across the globe.
China has world's largest share in chemical market due to increasing investment and rapidly growing chemical industry. The growth rate in chemical production was around 6.3% in 2020. China chemical market contributed to half of the growth of world chemical market. In 2019 the total revenue of chemical industry was round $4 Trillion US dollars.
Chemical consumption in 2020 accounted for around $4.09 trillion US dollar. Among regional consumption, Asia has significant share of around 58% of global market in 2020. China observed significant growth in Asia growing export and consumption of chemicals. In 2020 China chemical consumption was around $ 1.80 trillion dollar.
• Upsurge in the usage of products in oil and gas refineries
Oil and natural gas are key sectors in the energy industry, and as the world's principal fuel sources, they have a significant impact on the global economy. The oil and gas sector are rapidly digitizing and automating in order to meet the increasing need for productivity, efficiency, and safety in operations.
The need for oil and gas has risen dramatically over the years. According to the study, global petroleum consumption in 2018 was 100,017,000 barrels per day. China ranked 14th in the world in terms of proven oil reserves in 2016, with around 1.5 percent of the world's total oil reserves. China has proven reserves of 5.4 times its annual consumption rate.
Similarly, according to article published by Channel New Asia in January 2022, China's refinery output hit a record in 2021, up 4.3 per cent from 2020. Data from the National Bureau of Statistics showed that in 2021, total refinery throughput reached 703.55 million tonnes, or 14.07 million barrels per day (bpd).
• Restraints for Process Burners, Process Flares & Thermal Oxidizer Systems Market
Installation difficulties associated with the products
• Opportunities for Process Burners, Process Flares & Thermal Oxidizer Systems Market
Rising industrialization and globalization

Market Segmentation:
Type
• Process Burners
Process burners are used in furnaces to produce hot gases that transmit heat to a process liquid or gas flowing directly via coils positioned within the heater shell. The process burners are categorized on the basis of flame shape, emissions, fuel type, and other characteristics. They are categorized into several types, including motive force, NOx emission control, flame form, firebox placement, fuel type, NOx reduction technique, and fuel/air mixing.
• Process Flares
Flaring is the process of releasing undesirable flammable gases and vapors into the open environment by burning. The undesirable gas must be flammable or inert, and burning it must not result in dangerous or ecologically sensitive products. This raises the demand for process flares. Refineries and petrochemical plants in China followed by others countries often employ flares as crucial safety equipment.
• Thermal Oxidizer Systems

Application
• Oil and Gas
Process burners are used to provide energy through combustion in the oil refinery sector as a major component in process tubular heaters. Thermal oxidizers are used in the oil and gas sectors to disposal of harmful air contaminants. Similarly, gas flares are also utilised in oil and gas extraction sites for a variety of start-up, maintenance, testing, safety, and emergency applications.
• Chemical industry
Thermal oxidizer systems are frequently used in the petrochemical and chemical industries to remove waste from streams of chemical products derived from petroleum. In the chemical process industries (CPI), combustion in industrial burners is a vital activity for delivering thermal energy for heat transfer, fluid heating, steam production, distillation, endothermic chemical processes, metal melting, and other applications
• Electricity
• Others

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Competitive Analysis for The Global Process Burners, Process Flares & Thermal Oxidizer Systems Market:
Honeywell International, JOHN ZINK COMPANY, Fives, Foster Wheeler, ZEECO, SAACKE Group, CSIC 711, Anguil Environmental, Process Combustion Corporation, Sunpower Group, B&W MEGTEC, TORNADO Combustion Technologies, AEREON, Bayeco, Ruichang, Torch

John Zink Company LLC
John Zink Company LLC specializes in offering emissions control, clean air combustion systems. The company offers several types of products, which include ultra-low NOx burner, process flares such as enclosed flares, multipoint ground flares, pressure-assisted, steam-assisted flares, landfill, biogas, regenerative thermal oxidizers, gas recovery, vapor control, and other. The company also offers, service for parts, testing, installation services, comprehensive turnkey services.

Related Report:
• Thermal Oxidizer Flares Market: https://www.cognitivemarketresearch.com/thermal-oxidizer-flares-market-report
• Thermal Oxidizer Market: https://www.cognitivemarketresearch.com/thermal-oxidizer-market-report
• Thermal Treatment Air Filtration Oxidizers Market: https://www.cognitivemarketresearch.com/thermal-treatment-air-filtration-oxidizers-market-report
• Thermal Treatment Air Filtration Oxidizers Market: https://www.cognitivemarketresearch.com/thermal-treatment-air-filtration-oxidizers-market-report

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