How Has The Industrial Burner Market Size Evolved In Recent Years?
The industrial burner market has seen considerable growth due to a variety of factors.
• There has been a robust expansion in the size of the industrial burner industry in the past few years. The market, valued at $6.38 billion in 2024, is predicted to escalate to $6.83 billion in 2025, posting a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this historical growth include industrial proliferation, demand from the energy sector, strict regulations on emissions, a transition to energy-efficient solutions, and growth within the petrochemical and refining sectors.
What Does Future Hold for The Industrial Burner Market?
The Industrial Burner market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the industrial burner market is forecasted to undergo substantial growth, swelling to a valuation of $9.14 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.6%.
The projected expansion in this timeframe is owing to factors such as safety and dependability factors, global ecological concerns, alongside demand from the food processing and manufacturing sectors. Key trends for this period consist of a rising demand for retrofitting and upgrading, a focus on energy efficiency, the implementation of low-emission burners, the shift towards alternative fuels and the integration of Industry 4.0 and automation.
What Are The Primary Growth Drivers In The Industrial Burner Market?
The industrial burner market is projected to thrive due to the escalating power production. Its expansion is primarily propelled by the surge in power generation and the need for electricity in large-scale power plant installations, particularly industrial burners in boilers. For instance, the World Energy & Climate Statistics report outlines that in 2022, countries in the BRICS region have seen a significant rise in electricity consumption, predominantly in China with an increase of 9.7%, 4.8% in India, Russia by 6.4%, and Brazil by 9.5%. These countries have contributed to the global power generation growth of an impressive 8.5% in 2021, 10% higher than their 2019 level. In China, the primary contributors to the increment in power generation were coal, wind and solar energy. Thus, the boost in power generation is expected to bolster the industrial burner market's growth during the forecast period.
What Is The Segmentation Of The Global Industrial Burner Market?
The industrial burner market covered in this report is segmented –
1) By Fuel type: Oil, Gas, Solid fuel, Dual fuel
2) By Burner Type: Radiant Burner, Direct-Fired Burner, Regenerative Burner, High Thermal Release Burner, Self-Recuperative Burner And Others
3) By Operating Temperature: High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F)
4) By Application: Boilers, Furnaces Or Forges, Air Heating Or Drying, Incineration, Other Applications
Subsegments:
1) By Oil: Light Oil Burners, Heavy Oil Burners
2) By Gas: Natural Gas Burners, LPG (Liquefied Petroleum Gas) Burners
3) By Solid Fuel: Coal Burners, Biomass Burners
4) By Dual Fuel: Oil And Gas Burners, Gas And Solid Fuel Burners
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What Emerging Trends Are Shaping The Industrial Burner Market Landscape?
Key players in the industrial burner market are increasingly prioritizing the creation of novel products like combustion systems. The aim of these products is to increase energy efficiency while also decreasing emissions. A combustion system is a comprehensive setup where controlled burning of fuel occurs to produce energy, predominantly in the form of heat or power. The system features elements like burners and combustion chambers that are specifically engineered to maximize fuel efficiency and minimize overall emission. For example, Metso, an industrial machinery corporation based in Finland, launched the world's first hydrogen lowNOx burner for travel grate pelletizing plants in October 2023. This device uses hydrogen as a carbon-free fuel, significantly decreasing its environmental footprint. It can achieve up to 80% lower NOx emissions, aiding firms in complying with stringent regulatory standards, while also enhancing the quality of the product by ensuring more uniform temperature during the pelletization process.
Who Are the Key Players In The Industrial Burner Market?
Major companies operating in the industrial burner market include:
• Max Weishaupt GmbH
• Honeywell International Inc.
• Andritz AG
• Baltur S.p.A
• Oilon Group OY
• Selas Heat Technology Company LLC
• Alzeta Corporation
• Oxilon Pvt. Ltd.
• Limpsfield Combustion Engineering Limited
• John Zink Company LLC
• Forbes Marshall Private Limited
• Faber Burner Company
• Miura America Co. LTD.
• WESMAN GROUP
• Webster Combustion Technology LLC
• AGF Burner Inc.
• Bloom Engineering Company
• Inc.
• Riello S.p.A
• Hamworthy Combustion Engineering Ltd.
• Kromschroder
• North American Manufacturing
• QED Combustion Inc.
• Selkirk Canada Corporation
• Superior Combustion Industries
• Thermal Solutions Products LLC
• Nationwide Boiler Inc.
• Aereon Inc.
• Babcock & Wilcox
• CEC Combustion Safety LLC
• Coen Company Inc.
What Are The Regional Insights Into The Industrial Burner Market?
Asia-Pacific was the largest region in the industrial burner market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial burner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
