Industrial Burners Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
22161 | Date :
Jan, 2023 | Pages :
192 | Region : Global |
Publisher : RI
An Industrial burner is a mechanical device which uses gas or liquid fuel to produce flames in a controlled manner.
The petrochemicals segment has been reporting a higher consumption of these burners compared to other end users. The scenario is likely to remain so over the next few years due to a robust rise in the demand for petrochemicals in developing regions, particularly in Asia Pacific. In 2016, North America dominated the global market for industrial burners with an overall contribution of 3.8 B USD in terms of revenue.
Due to the various regulations introduced by governments across the world, it has become important for all manufacturers to produce energy efficient burners. Also, many manufacturers are now focusing on new technologies that will reduce the cost of production, apart from also reducing emissions from industrial furnaces. Industrial burners bring about complete combustion of the air and fuel which, in turn, reduces carbon dioxide emission. Many companies, in the steel industry specially, are now focusing on research and developments to produce energy efficient industrial burners.
One of the major trends being seen in the industrial burner market is the use of renewable fuel oil. With increasing focus on reducing emissions so to avert negative changes in climatic condition, it has become important to use renewable fuel for operations. Companies are investing hugely in R&D for developing such industrial burners.
The Global Industrial Burners Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Industrial Burners Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Riello
Weishaupt
Ariston Thermo
Honeywell
JOHN ZINK
Bentone
IBS
Baltur
Oilon Group
OLYMPIA
Selas Heat
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
under 1 M BTU/HR
under 10 M BTU/HR
under 20 M BTU/HR
under 30 M BTU/HR
above 50 M BTU/HR In Market segmentation by applications :
Food processing industry
Petrochemical industry
Pulp & Paper industry
Power Generation industry
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Industrial Burners Market for the forecast period 2023 - 2030?
• What are the driving forces in the Industrial Burners Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Industrial Burners industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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