Global Industrial Burner Market: Snapshot
Thanks to the extensive usage of burner management systems (BMSs), the growth of the global industrial burner market has been escalated substantially. Since these systems provide efficient protection against the explosion of boilers, their demand in various industries has immensely increased, influencing the sales of industrial burners. The efficiency and superior performance of these burners is also increasing their adoption, reflecting positively on this market.
Over the forthcoming years, the worldwide market for industrial burners is likely to gain significantly from the remarkable rise in the demand for industrial boilers, thanks to the swift industrialization in emerging regions and the widespread application of these boilers in a number of industries, such as chemicals, food processing, power generation, and oil and gas. However, the difficult retrofitting of industrial burners may restrict the growth of this market to some extent in the near future, as it requires skilled manpower and increases the overall operating cost.
In terms of revenue, the global industrial burner market was worth US$19.6 bn in 2015. Expanding at a CAGR of 3.0% between 2016 and 2024, the market is anticipated to reach US$25.6 bn by the end of 2024.
Demand for Industrial Burner to Remain High in Petrochemicals Industry
The power generation, petrochemicals, chemicals and specialty chemicals, mining and mineral, metal, glass, pharmaceutical, automotive, ceramics, food processing, and the printing and publishing industries are the main end users of industrial burners across the world. Among these, the petrochemicals segment has surfaced as the leading consumer of these burners. In 2015, the segment contributed US$3.74 bn to the overall revenue generated in the market for industrial burners, globally.
With a strong rise in the uptake of petrochemicals in developing regions, specifically in Asia Pacific, the demand for industrial burners is estimated to go higher in the petrochemical industry over the next few years, retaining its position as the key consumer. Apart from this, on the grounds of increasing investments and a progressing food industry, the food processing and the power generation sectors are also expected to report a significant growth in the adoption of industrial burners over the years to come.
North America to Remain Dominant
Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa are the prime regional markets for industrial burners. With an overall contribution of US$6.3 bn, North America led the global market for industrial burners in 2015. Analysts estimate this regional market to maintain its lead over the forthcoming years, thanks to the abundance of natural resources, advanced infrastructure, and the high productivity in this region. The U.S. and Canada are expected to drive the North America market for industrial burners over the coming years. As compared to other North American countries, the demand for industrial burners is likely to be considerably high in the U.S. in the near future as the economy is a prominent producer of oil and gas in the whole world.
Amongst other, Asia Pacific is expected to emerge as the most promising regional market for industrial burners in the years to come. With a large pool of international players establishing their manufacturing units in India and China, prompted by the cost benefits these economies provide concerning raw materials and laborers, is predicted to boost the Asia Pacific industrial burner market over the next few years. Along with this, the upswing in the government initiatives intended to curb carbon footprints in developing Asian countries is also anticipated to adding to the growth of this regional market in the future.
Some of the prominent participants in the global market for industrial burners are Alzeta Corp., ANDRITZ, Baltur S.p.A, Bloom Engineering, Forbes Marshall, Foster Wheeler AG, Honeywell International Inc., Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems Ltd, Oilon, Osaka Gas Co. Ltd, QED Combustion, Selas Heat Technology Co., and Wesman Group.
Global Industrial Burner Market: Overview
This report on the global industrial burner market provides analysis for the period 2014 - 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global industrial burner market growth during the said period. Factors that are playing a major role in the driving the global industrial burner market have also been covered in the study.
The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn), along with volume estimate (in Thousand Units) across different geographies. Industrial burners are a significant part of industrial boiler system which has wide application across various industries such as chemicals, power generation, food processing, oil and gas among others. Also the demand for industrial boilers is on the rise from the emerging economies due to rapid industrialization, thus positively affecting the industrial burner market in turn.
Global Industrial Burner Market: Segmentation
The global industrial burner market has been segmented on the basis of burner type, fuel type, operating temperature, automation, application, ad end-use. Further, burner type segment has further been divided into regenerative burners, high velocity burner, thermal radiation, radiant burner, customized (burner boiler), natural draft burner, flat flame burner and line burner. The customized type burner holds the largest market share while the high velocity burner is expected to grow at the fastest rate.
On the basis of fuel type the market has been divided into oil based, gas based and dual fuel type. The operating temperature and automation segments have been sub-divided into high temperature, low temperature and monoblock, duobock respectively. The application segment has been bifurcated into boilers, furnace/oven/kiln, and air heating/drying. On the basis of end-use the market has been divided into petrochemicals, power generation, chemicals & specialty chemicals, mining and mineral, metal, pharmaceutical, glass, ceramics, food processing, automotive, printing & publishing
Geographically, the report classifies the global industrial burner market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise countries covered in the report include the following - the U.S, Canada, Mexico, Germany, France, the U.K., Russia, Turkey, China, India, Japan, UAE, South Africa, Brazil and Argentina. The market size and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024.
The report also includes key industry developments in the industrial burner market. Porter Five Force analysis is also included in the report. The report also covers segment wise, market attractiveness analysis and market share analysis for all regions covered in the scope of study. It shows market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
Global Industrial Burner Market: Competitive Analysis
The report further presents competition landscape which include competition matrix, market share analysis of major players in the global industrial burner market based on their 2015 revenues, and profiling of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Key players profiled in the global Industrial burner market include Alzeta Corporation, ANDRITZ, Baltur S.p.A, Bloom Engineering, Forbes Marshall, Foster Wheeler AG, Honeywell International Inc. (Maxon), Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems, Ltd, Oilon , Osaka Gas Co., Ltd, QED Combustion, Selas Heat Technology Company, and Wesman Group.
The global industrial burner market is segmented as below:
By Fuel Type
- Dual fuel
By Burner Type
- Regenerative Burners
- High Velocity Burner
- Thermal Radiation
- Radiant Burner
- Customized (Burner Boiler)
- Flat Flame Burner
- Line Burner
By Operating Temperature
- High Temperature (> 1400F)
- Low Temp (< 1400F)
- Air Heating/ Drying
By End User
- Power Generation
- Chemicals & Specialty Chemicals
- Mining and Mineral
- Food Processing
- Printing & Publishing
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America