Industrial Burner Market Share Estimated to Reach US$ 9.61 Billion By 2030: Polaris Market Research
According to the research report, the global industrial burner market was valued at USD 5.61 billion in 2021 and is expected to reach USD 9.61 billion by 2030, to grow at a CAGR of 6.3% during the forecast period.
An industrial burner is a device that mixes fuel and air. This mechanical device is designed to gain high temperatures and fire strength for product processing. Industrial burners are used in industrial operations to generate heat and specific flame as well as to perform other functions such as heating, melting, manufacturing, steam production, and other operations. They are majorly required in heavy-duty businesses where high-capacity heating systems are used to perform extensive manufacturing.
Industrial burners are utilized in different applications such as steam boilers, air heaters, furnaces/ovens/kiln, heating liquid, recycling, air heating/ drying, glass blowing, welding, and others. The growing use of industrial burners on heavy-duty boilers is driving the growth of the industrial burner market. Also, the increased requirement of equipment purchasers and machinery manufacturers for reliable and low-release industrial heating devices is boosting market growth.
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Industrial Burner Market: Growth Drivers
The growing demand for industrial gas burners from industries like power generation, pharmaceutical, automotive, oil & gas, glass, and aerospace is anticipated to fuel the growth of the global industrial burner market over the forecast period. The increasing demand for industrial burners in applications such as hot water boilers, steam boilers, or air heaters will boost market growth. The increasing technological developments and research initiatives have led to the increase in demand for smart heating devices, thereby propelling the growth of the industrial burner market.
These devices perform tasks at a lower cost with less manufacturing complexities, which is increasing their demand. Moreover, the precision, superior performance, and efficiency of the industrial burners fuels their adoption, which is augmenting the market growth. Further, technological developments are expected to propel the growth of the industrial burner market during the anticipated period.
Industrial Burner Market: Report Segmentation
Insight by End-Use
On the basis of end-use, the power generation segment is projected to account for the largest CAGR over the foreseen period. The growing demand for power across the globe fuels the requirement for industrial heating products. Such products are used in boilers in steam power plants, gas turbine-based power plants, coal-fired power plants, and diesel-fired power plants to produce electricity.
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Insight by Fuel Type
By fuel type, the dual fuel segment is anticipated to hold the second largest share during the forecast period due to its availability in various particulars. Easy operation, compact design, durability, energy efficiency, and enhanced performance are the key features of dual fuel.
Moreover, the gas type is expected to witness a significant share in the global industrial burner market owing to the growing adoption of gas heating equipment for different applications across industries like bakery and ovens, boilers, furnaces, automobile workshops, metal industries.
Geographic Overview: Industrial Burner Market
Based on geography, Asia Pacific is projected to witness the largest share during the forecast period. This growth can be attributed to rapid industrialization, an increase in population, growth in power demand, and benefits of the less labor cost. Further, increasing electricity consumption coupled with the rising existence of several manufacturers in the region is boosting the growth of the industrial burner market.
Moreover, North America is expected to record a significant share in the global industrial burner market. The market is experiencing high expansion in the countries in North America due to the steady investments in mining, LNG, chemicals, and other industries.
Some of the major players operating in the global market include Alzeta Corporation, Andritz Group, Ariston Group N. V., Baltur S.P.A., Bloom Engineering, Ebico, Fives, Honeywell International Inc., Nibe Group, Oilon Group OY, Oxilon Pvt Ltd, Riello S. P. A., Selas Heat Technology Company, Weishaupt, and Zeeco.
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- In November 2020, ANDRITZ Group announced the acquisition of Enviroburners Oy, which designs and manufactures advanced industrial burner solutions for energy production and environmental protection.
- In November 2019, Weishaupt opened a new branch office in Regensburg, Germany. The new office delivers customer support and training services to the Upper Palatinate and Lower Bavaria administrative districts and the Ingolstadt region.
Industrial Burner Market: By Fuel Type Outlook
- Solid Fuel
- Dual Fuel
Industrial Burner Market: By Burner Type Outlook
- High Thermal Release
- Direct fired
Industrial Burner Market: By Operating Temperature Outlook
- High Temperature (> 1,400°F)
- Low Temperature (< 1,400°F)
Industrial Burner Market: By Power Rating Outlook
Industrial Burner Market: By End-Use Outlook
- Food & Beverages
- Power Generation
- Metals & Mining
Industrial Burner Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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