by Industrial burners are combustion devices used across numerous industrial processes such as chemicals, food and beverages, oil and gas, pulp and paper and others. They help atomize liquid, gaseous or vaporized fuels and ignite them efficiently to generate heat required for various production processes. Common types of industrial burners include gas, oil, dual fuel, low NOx, forced draft and self-recirculating burners. Oil burners are primarily used in boiler applications owing to their high turn-down ratio, whereas gas burners are preferred in drying processes and small-scale heating applications due to low maintenance and easy ignition properties.
The global industrial burner market is estimated to be valued at US$ 11291.33 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The industrial burner market is expected to be flourished by growing demand from process industries such as chemicals, pharmaceuticals, food and beverages. Industrial burners play a key role in providing heat for various manufacturing processes such as distillation, drying, evaporation and sterilization. Moreover, changing regulations regarding emission levels is also augmenting demand for more efficient low NOx burners. Burners with advanced features such as variable turndown modulation and on-demand hot surface ignition are gradually replacing conventional units. However, fluctuating raw material prices may negatively impact the market growth during the forecast period.
Segment Analysis
The industrial burner market is segmented into type, burner design, end-user industry, and region. Based on type, the natural gas burner segment dominates with a market share of over 35% as natural gas is widely available and emits relatively less CO2 as compared to other fuels. The segment is poised to grow at a steady pace during the forecast period.
PEST Analysis
Political: Stringent regulations regarding emission control and energy efficiency by regulatory bodies like EPA have led burner manufacturers to invest in developing eco-friendly and sustainable burner technologies.
Economic: Rising industrialization in developing nations of Asia Pacific and Latin America is fueling the demand for industrial burners from industries like food processing, petrochemicals, etc. The growth of process industries acts as a driver.
Social: Growing global population and changing dietary preferences have increased the demand for processed foods which in turn impacts burner demand from food processing plants positively.
Technological: Advancements in burner technologies like low NOx burners, dual fuel burners help improve efficiency while meeting emissions norms. Integration of IoT and data analytics is gaining traction.
Key Takeaways
The Global Industrial Burner Market Share is expected to witness healthy growth at a CAGR of around 5.2% during the forecast period of 2023-2030. The global industrial burner market is estimated to be valued at US$ 11291.33 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030.
Regional analysis: The Asia Pacific region dominated the global market with over 30% share in 2023 owing to strong manufacturing activity in China, India, and ASEAN countries. China is expected to remain the fastest growing and largest burner market globally.
Key players: Key players operating in the industrial burner market include ADMOTECH, Cernex Inc, Quantic Corry, DiTom Microwave, ECHO Microwave, JQL Technologies Corp, Kete Microwave, L-3 Narda, M2 Global Technology, Microwave Communications Laboratories Inc, Mercury Systems Inc., Mesa Microwave, Microwave Devices Inc., Electro Technik Industrtries, Inc, Orion Microwave Inc. and others. ADMOTECH leads the market with its portfolio of industrial gas and liquid fuel burners for applications across various industries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
