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Industrial Burner Market 2023- Global Market Size, Industry Overview, Growth Rate And Forecast To 2032
Industrial Burner Market Analysis
Industrial Burner Market Size, Growth Rate, And Forecast
The global industrial burner market size is expected to grow from $5.59 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial burner market size is expected to reach $7.6 billion in 2027 at a CAGR of 6.2%.
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Industrial Burner Market Drivers
Increasing power generation is expected to drive the Industrial burner market going forward. The market for industrial burners is expanding primarily as a result of increased power generation and electricity for large-scale power plant installations of industrial burners in boilers.
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Industrial Burner Market Segments
1) By Fuel Type: Oil, Gas, Solid fuel, Dual fuel
2) By Burner Type: Radiant Burner, Direct-fired Burner, Regenerative Burner, High Thermal Release Burner, Self-recuperative Burner and Others
3) By Operating Temperature: High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F)
4) By Application: Boilers, Furnaces/Forges, Air Heating/Drying, Incineration, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial burner market.
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Industrial Burner Market Key Players
Major competitors in the industrial burner market include Weishaupt Group, Honeywell International Inc., Andritz AG, Baltur S.p.A, OILON GROUP OY, Selas Heat Technology Company and Webster Combustion, Alzeta Corporation, Oxilon Pvt. Ltd., Limpsfield Combustion Engineering.
The Business Research Company's "Global Industrial Burner Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Burner Market Include:
1. Executive Summary
2. Industrial Burner Market Characteristics
3. Industrial Burner Market Trends And Strategies
4. Industrial Burner Market - Macro Economic Scenario
5. Industrial Burner Market Size And Growth
......
26. Africa Industrial Burner Market
27. Industrial Burner Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Burner Market
29. Industrial Burner Market Future Outlook and Potential Analysis
30. Appendix
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