Burner Management System (BMS) Market: Snapshot
Safety is a key concern within every industry that conducts heater/burner-based operations. Any malfunctioning in the heaters in these industries could lead to major loss of life, property, and finance. It could also reduce the availability and accessibility of these industries. This acts as one of the major factors driving the global burner management systems (BMS) market.
Rising government legislations and regulations, along with increasing litigations for accidents, have made the installation of BMS in existing as well as new heaters a must. This has resulted in the increased demand for burner management systems across the globe. Rapid industrial growth has also had a significant impact on the development of this market.
The global market for BMS was estimated to be valued at US$4.58 bn in 2015 and is projected to be worth US$7.39 bn by 2024, expanding at a CAGR of 5.5% therein. Based on volume, the market is forecast to register a 5.6% CAGR from 2016 to 2024.
Oil and Gas Sector Emerges as Leading End-use Segment in BMS Market
On the basis of component, the BMS market is bifurcated into hardware and software. The hardware components used in burner management systems hold a significant share in the overall market revenue owing to their importance in the addition of significant functionalities and in meeting the design criteria for industry-critical operations.
Based on fuel type, the burner management systems market is categorized into oil, gas, and electricity. Oil-based burners led the BMS market owing to their wide-scale usage over the years. The segment accounted for a 41.1% share in the BMS market in 2015. However, electricity-based burners are expected to witness significant growth during the forecast period due to the rising need for a cleaner and safer environment in industries.
By application, the burner management systems market is segmented into boilers, furnaces, and kilns and ovens. The installation of boilers in industries is higher as compared to furnaces and kilns and ovens, which thereby increases the share of this application in the overall market.
On the basis of on end use, the burner management systems market includes power, oil and gas, chemicals, mining, metal, and mineral (mmm), refining, water, specialty chemicals, pharmaceutical, glass, food and beverages, alternate fuel, ceramics, building, automotive, and printing and publishing. The oil and gas sector emerged as the leading end-use segment in the burner management systems market in 2015 owing to the increasing demand for energy worldwide.
Strong Presence of BMS Manufacturers Driving Market in North America
The global market for burner management systems has been geographically segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America held the major share in 2015, accounting for over one-third of the total market based on both revenue and volume. The presence of a large number of BMS manufacturers has made this region a significant market for burner management systems. The total growth of BMS globally from 2014 to 2015 was US$0.23 bn, wherein the share of North America alone was 36.7%.
Asia Pacific is also anticipated to witness significant growth in the burner management systems market through 2024. This can be attributed to the significant population as well as industrial growth across countries such as China, India, and Japan.
Some of the major players in the burner management system market are ABB Ltd., ALSTOM, Honeywell International Inc., BORN, Inc., Doosan Babcock, Pilz GmbH & Co. KG, Siemens AG, Babcock & Wilcox Co., NESTEC Inc., and Titan Logix Corp.
Burner Management System (BMS) Market: Scope and Methodology
This report on the global BMS market provides analysis both in terms of value and shipment for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the BMS market over the forecast period from 2016 to 2024. It also highlights the various drivers, restraints, and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue and volume estimates (in US$ Bn and Million Units) across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.
The main function of BMS is to protect any kind of industrial boilers from explosion. It ensures a safe and systematic operating sequence during the start-up and shutdown of heaters and reduce any possible errors. These systems protect against any damage in the combustion process equipment and the surrounding area. BMS also simplifies the unit operation with the help of alarm management and operator displays. It reduces the critical troubleshooting time with the help of pinpoint diagnostic messaging. The use of BMS can improve plant performance, reduce the ownership costs and ensure regulatory compliance in an industry. North America dominates the overall BMS market globally, owing to swelling industrialization growth in this region. This increasing industrialization rate would surge the implementation of BMS in boiler operations in the industries in North America.
Burner Management System (BMS) Market: Segmentation
This research report provides in-depth analysis of the global BMS market on the basis of component, fuel type, application, and end-use. The BMS market based on component includes hardware and software. On the basis of fuel type, the market is segmented into oil, gas, and electricity. On the basis of BMS application, the market is segmented into boilers, furnace, and kilns and ovens. The BMS end-use segments include oil and gas, power, chemicals, mining, metal and mineral (mmm), refining, water, specialty chemicals, pharmaceutical, food & beverages, glass, ceramics, alternate fuel, building, automotive, printing & publishing and others.
In terms of geographical regions, the report segments the global BMS market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation and shipment. The report provides cross-sectional analysis of the global BMS market in terms of market estimates and forecasts for all segments across different geographic regions.
Burner Management System (BMS) Market: Competitive Landscape
The report also includes competitive profiling of major players engaged in the development of BMS. The major business strategies adopted by these players, their market positioning, and their recent developments have also been identified in the research report. This report also provides market positioning analysis of the major players in the BMS market based on their 2015 revenues. Some of the major players profiled in the report include ABB Ltd., ALSTOM, Honeywell International Inc., BORN, Inc., Doosan Babcock, Pilz GmbH & Co. KG, Siemens AG, Babcock & Wilcox Co., NESTEC Inc., and Titan Logix Corp.
The global BMS market is segmented as below:
Burner Management System (BMS) Market: By Component
- Actuators and Controllers
- Flame Detectors
- Shut-off Valves
- Ignition Units
- Alarms and Shutdowns
Burner Management System (BMS) Market: By Fuel Type
Burner Management System (BMS) Market: By Application
- Kilns and Ovens
Burner Management System (BMS) Market: By End-use
- Oil and Gas
- Mining, Metal and Mineral
- Specialty Chemicals
- Food & Beverages
- Alternate Fuel
- Printing & Publishing
Burner Management System Market: By Region
- North America
- The U.S.
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- South East Asia
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America