Industrial Burner Market: Current Analysis and Forecast (2021-2027)
$4999 – $8699
Emphasis on Type (Regenerative Burners, Thermal Radiation, Flat Flame Burners, Radiant Burners, Line Burners, Customized Burners, and Others.); Automation (Monoblock and Duoblock); End-user (Petrochemicals, Power Generation, Chemicals & Specialty Chemicals, Metal, Mining & Minerals, Pharmaceuticals, Glass & Ceramics, Foods & Beverages, and Others); Temperature (Low Temperature (< 1,400°F) and High Temperature (> 1,400°F)); Fuel type (Oil-Based, Gas-Based, and Dual-Based); Region/Country
Detailed Analysis of COVID-19 Impact on the Industrial Burner Market
The Global Industrial Burner Market is expected to register a CAGR of around 6% throughout 2021-2027. Some of the factors that drive the demand for industrial burners in the market are emerging government strategies for lessening carbon emissions and considerable growth in the mining and petrochemical sector. Furthermore, the increase in industrialization across the globe drives the demand for industrial burners. There are many applications in which an industrial burner is used such as automotive, food processing, glass, petrochemical, etc. Technology advancement is one of the factors that help boost the demand for the industrial burner as it helps in improving the operation and lowering the cost.
Some of the major players operating in the market include Limpsfield Combustion Engineering Ltd., Maxon Corporation (Honeywell International, Inc.), Mitsubishi Hitachi Power Systems, Ltd., Oilon Oy., ALZETA Corporation, Andritz AG., Bloom Engineering Company, Inc, Forbes MarshallOsaka Gas Co., Ltd., Selas Heat Technology Company, Weishaupt Group.
“Amongst fuel type, Dual-based category accounted for the majority share in the market in 2020”
Based on the fuel type, the global market is classified into oil-based, gas-based, and dual-based. Dual-based fuel burners catered to a significant share of the market. Dual-based fuel burners combine low-cost fuel sources with expensive secondary fuel sources to ensure consistent and reliable supply. When compared to dual-fuel fuel burners, single-fuel industrial burners have a lower efficiency. Dual fuel industrial burners are encouraged in developed nations to reduce their impact on dwindling fossil fuels and other natural energy resources.
Insights Presented in the Report
“Amongst end-user, Power Generation is expected to witness highest CAGR during the forecast period”
Based on end-users, the market is classified into petrochemicals, power generation, chemicals and specialty chemicals, metal, mining and minerals, pharmaceuticals, glass and ceramics, foods and beverages, and others. The power generation segment is set to have higher growth prospects and significant market growth across the globe. Industrial burners are used to generate high-pressure steam in boilers in gas turbine-based power plants, steam power plants, coal fire power plants, and diesel fire power plants. Power demand is increasing, necessitating the need for greater power generation. As a result of this, as well as the necessity to replace and update older power plants, combined cycle gas turbine power plants are now widely used.
“Asian-Pacific to witness significant growth during the forecast period”
For a better understanding of the market adoption of the industrial burner market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific is anticipated to record a remarkable share in the market and is estimated to progress at a considerable pace in the global market during the forecast period, as a result of industrialization, which has fueled demand for industrial burners across the region. Furthermore, with the increasing investments in LNG, chemicals, and mining coupled with the rising manufacturing sectors in developing countries like India, Vietnam, and Indonesia, the region is expected to witness strong growth during the forecast period.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Industrial Burner Market|
|2.2.||Research Methodology of the Industrial Burner Market|
|2.5.||Main Objective of the Industrial Burner Market Study|
|5||GLOBAL INDUSTRIAL BURNER MARKET COVID-19 IMPACT|
|6||GLOBAL INDUSTRIAL BURNER MARKET REVENUE (USD BN), 2019-2027F|
|7.3.||Flat Flame Burners|
|10.3.||Chemicals and Speciality Chemicals|
|10.4.||Metal, Mining, and Minerals|
|10.6.||Glass and Ceramics|
|10.7.||Foods and Beverages|
|11.1.||High temperature (>1400 F)|
|11.2.||Low temperature (<1400 F)|
|12.1.3.||Rest of The World|
|12.2.6.||Rest of Europe|
|12.3.5.||Rest of Asia-Pacific|
|12.4.||Rest of World|
|14||INDUSTRIAL BURNER MARKET OPPORTUNITIES|
|15||INDUSTRIAL BURNER MARKET TRENDS|
|16||POLICY & REGULATORY FRAMEWORK|
|17.1.||Demand Side Analysis|
|17.2.||Supply Side Analysis|
|18||VALUE CHAIN ANALYSIS|
|19.1.1.||Porter’s Five Forces Analysis|
|20.1.||Limpsfield Combustion Engineering Ltd.|
|20.2.||Maxon Corporation (Honeywell International, Inc.)|
|20.3.||Mitsubishi Hitachi Power Systems, Ltd.|
|20.7.||Bloom Engineering Company, Inc|
|20.8.||Forbes MarshallOsaka Gas Co., Ltd.|
|20.9.||Selas Heat Technology Company|
Research Methodology for the Global Industrial Burner Market Analysis (2021-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global industrial burner market were the three major steps undertaken to create and analyze the adoption of industrial burners in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global industrial burner market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the industrial burner market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the industrial burner market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, temperature, end-use, automation, and fuel type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the industrial burner market. Further, we conducted factor analysis using dependent and independent variables such as type, temperature, end-use, automation, and fuel type. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the industrial burner market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global industrial burner market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the industrial burner market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global industrial burner market in terms of type, temperature, end-use, automation, and fuel type
- Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global industrial burner market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, temperature, end-use, automation, and fuel type in the global industrial burner market.
The main objective of the Global Industrial Burner Market Study
The current & future market trends of the global industrial burner market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the industrial burner market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include area type, temperature, end-use, automation, and fuel type.
- Define and analysis of the regulatory framework for the industrial burner market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the industrial burner market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
- Company profiles of the industrial burner market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry