Press release
Industrial Burner Market: Unearthing Potentials with Growing Demand & Increasing CAGR
Industrial Burner Market
What Is The Projected Market Size Of The Global Industrial Burner Market And Its Growth Rate?
The industrial burner market has shown remarkable growth and is poised to continue this trend in the coming years:
• The market, valued at $6.38 billion in 2024, is slated to grow to $6.83 billion in 2025, escalating at a compound annual growth rate (CAGR) of 6.9%.
• The growth is attributed to industrial expansion, energy sector demand, stringent emission regulations, shift towards energy-efficient solutions, and expansion in petrochemical and refining industries.
• Forecasts for the next few years anticipate a market size of $9.14 billion in 2029, with a CAGR of 7.6%.
• Factors such as safety and reliability considerations, global environmental concerns, and demand from food processing and manufacturing are expected to fuel this growth.
What Is Driving The Growth In The Industrial Burner Market?
The growth in the industrial burner market is primarily driven by the increased demand for power generation. Large-scale power plant installations of industrial burners in boilers are propelling this trend. The significant rise in electricity consumption in the BRICS countries marked by an increase of 9.7% in China, 4.8% in India, 6.4% in Russia, and 9.5% in Brazil in 2022 played a major role. The upswing in power generation in these countries resulted in a global surge of 8.5% in 2021. It is expected that increasing power generation will continue to stimulate the growth of the industrial burner market in the forecasted period.
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Who Are the Key Players Driving Industrial Burner Market Growth?
The industrial burner market sees significant contributions from major firms such as:
• 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.
What Are The Key Trends In The Industrial Burner Market?
Major trends in the industrial burner market include:
• Market demand for retrofitting and upgradation
• Focus on energy efficiency
• Adoption of low-emission burners
• Shift towards alternative fuels
• Integration of industry 4.0 and automation.
What Are The Segments Of The Global Industrial Burner Market?
The industrial burner market is divided as follows:
• By Fuel type: Oil, Gas, Solid fuel, Dual fuel
• By Burner Type: Radiant Burner, Direct-Fired Burner, Regenerative Burner, High Thermal Release Burner, Self-Recuperative Burner And Others
• By Operating Temperature: High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F)
• By Application: Boilers, Furnaces Or Forges, Air Heating Or Drying, Incineration, Other Applications
Which Region Leads The Industrial Burner Market?
Asia-Pacific was the largest region in the industrial burner market in 2024 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.
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What Is Covered In The Industrial Burner Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Burner Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Burner Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Burner Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Burner Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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