Industrial Burner Market Research Report 2024-2033 | Size, Growth, Demand, Trends

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Industrial Burner Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $22.7 billion In 2028 At A CAGR Of 25.6% :

The industrial burner market size has grown strongly in recent years. It will grow from $5.97 billion in 2023 to $6.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to industrial expansion, energy sector demand, stringent emission regulations, shift towards energy-efficient solutions, expansion in petrochemical and refining industries.

The industrial burner market size is expected to see strong growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to safety and reliability considerations, global environmental concerns, demand from food processing and manufacturing. Major trends in the forecast period include market demand for retrofitting and upgradation, focus on energy efficiency, adoption of low-emission burners, shift towards alternative fuels, industry 4.0 and automation integration.

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Industrial Burner Market Major Segments
The industrial burner market covered in this report is segmented -

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

Key Driver - Rise In Power Generation To Drive Market Growth

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. For instance, according to the report by world energy & climate statistics, an application that delivers data by region with updated statistics and related information, in 2022, in The BRICS countries, where electricity consumption increased noticeably, especially in China (+9.7%), India (+4.8%), Russia (+6.4%), and Brazil (+9.5%) were the driving force behind the growth in global power generation (+8.5% in 2021, 10% above their 2019 level). In China, the majority of the increase in power generation came from coal, wind, and solar energy. Therefore, increasing power generation will stimulate the growth of the industrial burner market in the forecasting period.

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Prominent Trend - Technological Advancements Transforming The Industrial Burner Market

Technological advancement is a key trend gaining popularity in the industrial burner market. Major companies in the industrial burner market are advancing in their new technologies and research and developments industrial burner market. For instance, in October 2021, E&M Combustion, a Spanish -based provider of new combustion technologies and manufacturer of the industrial burner, introduced - a prototype hydrogen burner, designed for use in district heating systems, for heating large regions and buildings, and can run solely on hydrogen or a combination of hydrogen and natural gas. E&M Combustion is testing this final option, which uses a gas and hydrogen mixture, and it is quite practical. It is made up of a hydrogen mixture with 15% to 20% natural gas, which gives the enriched mixture a higher calorific value and allows for more reliable and effective combustion. Due to hydrogen's unique properties of being invisible to human sight, using hydrogen alone as fuel presents a significant difficulty in improving flame detection.

Industrial Burner Market Players
Major companies operating in the industrial burner market report are Max Weishaupt GmbH, Honeywell International Inc., Andritz AG, Baltur S.p.A, Oilon Group OY, Selas Heat Technology Company LLC, Alzeta Corporation, Oxilon Pvt. Ltd., Limpsfield Combustion Engineering Limited, John Zink Company LLC, Forbes Marshall Private Limited, Faber Burner Company, Miura America Co. LTD., WESMAN GROUP, Webster Combustion Technology LLC, AGF Burner Inc., Bloom Engineering Company, Inc., Riello S.p.A, Hamworthy Combustion Engineering Ltd., Kromschroder, North American Manufacturing, QED Combustion Inc., Selkirk Canada Corporation, Superior Combustion Industries, Thermal Solutions Products LLC, Nationwide Boiler Inc., Aereon Inc., Babcock & Wilcox, CEC Combustion Safety LLC, Coen Company Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the industrial burner market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial burner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Burner Market Report Structure
3. Industrial Burner Market Trends And Strategies
4. Industrial Burner Market - Macro Economic Scenario
5. Industrial Burner Market Size And Growth
…..
27. Industrial Burner Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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