Insights Into The Industrial Burner Market’s Growth Opportunities Through 2023-2032 – Includes Industrial Burner Market Strategy
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Increasing power generation are expected to drive innovation in industrial burner manufacturing, thus driving the market during the forecast period.
The global industrial burner market is expected to grow from $5.59 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The industrial burner market size is expected to reach $7.6 billion in 2027 at a CAGR of 6.2%.
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- By Fuel Type:Oil, Gas, Solid fuel, Dual fuel
- By Burner Type:Radiant Burner, Direct-fired Burner, Regenerative Burner, High Thermal Release Burner, Self-recuperative Burner and Others
- By Operating Temperature:High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F)
- By Application:Boilers, Furnaces/Forges, Air Heating/Drying, Incineration, Other Applications
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global industrial burner market in 2021.
Major Market Players in the industrial burner market include Weishaupt Group, Honeywell International Inc., Andritz AG, Baltur S.p.A, OILON GROUP OY, Selas Heat Technology Company and Webster Combustion.
Technological advancement is a key trend gaining popularity in the industrial burner market. Major companies in the industrial burner market are advancing in their new technologies and research and developments industrial burner market. For instance, in October 2021, E&M Combustion, a Spanish -based provider of new combustion technologies and manufacturer of the industrial burner, introduced – a prototype hydrogen burner, designed for use in district heating systems, for heating large regions and buildings, and can run solely on hydrogen or a combination of hydrogen and natural gas. E&M Combustion is testing this final option, which uses a gas and hydrogen mixture, and it is quite practical. It is made up of a hydrogen mixture with 15% to 20% natural gas, which gives the enriched mixture a higher calorific value and allows for more reliable and effective combustion. Due to hydrogen’s unique properties of being invisible to human sight, using hydrogen alone as fuel presents a significant difficulty in improving flame detection.
The Industrial Burner Global Market Report 2023 provides a industrial burner market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial burner market forecast analyzes industrial burner market size, industrial burner market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Industrial burner refers to a mechanical device that combines fuel and air and creates a platform for combustion using an ignition source. Boiler and furnace heating system is dependent on industrial burners to control the temperature of the whole manufacturing facility as well as other heating activities that occur during production.
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