Market Insights
“The Industrial Burner Market size was US$ 7.9 Billion in 2023 and is likely to grow at a steady CAGR of 5.5% in the long run to reach US$ 11.5 Billion in 2030.”
Market Dynamics
Introduction
The global market for industrial burners is undergoing substantial change due to the ongoing transition to more energy-efficient systems. Cole burner is commonly used in many industrial services to burn fuels and provide heat for processes such as chemical reactions, heating, and drying. As environmental consciousness continues to improve, manufacturers are focusing on improving combustion processes that provide efficiency while at the same time reducing emission outputs. Another evidence of the increasing adoption of smart technologies in the industry is the addition of automation systems in smart burners that came with aspects such as remote control and real-time monitoring added to the list of innovations.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Burner Type Analysis
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Regenerative, Flat Flame, High Velocity, Radiant, Line, Thermal Radiation, and Customized
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High Velocity Segment is expected to experience significant growth in the burner type.
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Fuel Type Analysis
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Oil, Gas, Dual, and Solid
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Dual Fuel Segment type is anticipated to be the fastest-growing segment during the forecast period.
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Automation Type Analysis
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Monoblock and Duoblock
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The Duoblock Segment will drive the Industrial Burner Market in the long term.
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Operating Temperature Type Analysis
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Low Temperature (< 1400°F) and High Temperature (> 1400°F)
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High temperature (>1400° F) Segment is the fastest-growing industrial burner market.
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End-User Type Analysis
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Automotive, Paper & Pulp, Power Generation, Chemicals, Food & Beverages, and Metals & Mining
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The power generation segment is projected to grow at the fastest rate.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is the fastest-growing region in the Industrial Burner Market.
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By Burner Type
“The high-velocity segment is estimated to record the highest growth rate in the coming years”
- The market is segmented into Regenerative, Flat Flame, High Velocity, Radiant, Line, Thermal Radiation, and Customized.
- Growth of High Velocity burners is attributed to the operational efficiency of high-velocity industrial burners which are cheaper to run than other types.
- Also, high-velocity burners ensure uniform heat distribution on the workpiece, and this has had the effect of lowering greenhouse gas emissions making these burners a better type to use.
- The Premix Burners segment is gaining popularity because of its features like high combustion efficiency, less emission, and integrated security features to heal the precision, temperatures, and emission needs of different applications.
By Fuel Type
“One of the most rapidly developing segments of the industrial burner market is the dual-fuel segment.”
- The market is segmented into Oil, Gas, Dual, and Solid.
- The dual fuel segment’s growth is fueled by the fact that you can utilize inexpensive and reliable fuels and that in turn leads to lower fuel costs.
- Dual-fuel burners are capable of giving accurate controlled temperature, which is preferable in certain industrial processes.
By Automation Type
“Duoblock segment is expected to record the highest growth in industrial burner market”
- The market is segmented into Monoblock and Duoblock.
- The monoblock segment has the highest growth rate in the market of industrial burners which is fuelled by the massive capacity as well as rising efficiency of the power it delivers.
- Monoblock segment is also experiencing growth due to its power efficiency.
- Duoblock segment is also growing but monoblock remains the key segment.
By Operating Temperature Type
“The high-temperature segment, with an operating temperature above 1,400°F, is the growing segment in the industrial burner market.”
- The market is segmented into F&B, Petrochemical, Power, Chemical, and Metals & Mining.
- The high-temperature segment is growing rapidly because of demands for higher heat for forging metals and for heat treatment in the ceramics, glass, and chemicals industries.
- Growth is further driven by rising demand for furnaces, kilns, and furnaces in industries such as food and beverages, textiles, metals, and mining among others.
- High-temperature industrial burners are growing popular in the developing economies of the Asia-Pacific region.
By End-User Type
“The Power Generation category will experience the most growth in the market.”
- The market is segmented into Automotive, Paper & Pulp, Power Generation, Chemicals, Food & Beverages, and Metals & Mining.
- The power generation market is projected to grow at the fastest rate in the industrial burner market because of rising demand for electricity and the necessity to generate more power.
- The increase in demand to replace aging power plants and upgrade them to modernized CCPP has prompted the use of industrial burners in CCGT power stations.
Regional Analysis
“The Industrial Burner Market is experiencing its fastest growth in the region of Asia-Pacific”
- The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
- The Asia-Pacific region will go on dominating the industrial burner market owing to untamed industrialization and increasing investments in the petrochemical and mining sector.
- Reduced production and labor costs, cheap sources of raw materials, and cheap labor are helpful in the booming of the markets of the Asia-Pacific region.
Key Players
The Industrial Burner Market is fragmented, with the top players accounting for a significant but not dominant share of the overall market, presence of a diverse set of manufacturers, both large and small, contributes to the fragmented nature of this market. The following are the key players in the Industrial Burner Market.
Here is the list of the Top Players (Based on Dominance)
- ANDRITZ Group
- NIBE Group
- Honeywell International Inc.
- Ariston Group N.V.
- Fives
- Weishaupt
- Riello S.p.A.
- Selas Heat Technology Company
- Oilon Group Oy
- EBICO
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global industrial burner market is segmented into the following categories.
Industrial Burner Market, by Burner Type
- Regenerative (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Flat Flame (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- High Velocity (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Radiant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Line (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermal Radiation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Customized (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Burner Market, by Fuel Type
- Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Solid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Burner Market, by Automation Type
- Monoblock (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Duoblock (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Burner Market, by Operating Temperature Type
- Low Temperature (< 1400°F) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- High Temperature (> 1400°F) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Burner Market, by End-User Type
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paper & Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metals & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Burner Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Industrial Burner Market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
