Industrial Burner Market Share, Size, Trends, Industry Analysis Report, By Power Rating (Monoblock, Duoblock); By Fuel Type (Oil, Gas, Solid Fuel, Dual Fuel); By Burner Type; By Operating Temperature; By End-Use; By Region; Segment Forecast, 2022 - 2030
- Published Date:Jun-2022
- Pages: 115
- Format: PDF
- Report ID: PM2480
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global industrial burner market was valued at USD 5.61 billion in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period. The growing demand for industrial burners in a variety of applications including heat exchangers such as hot water boilers, steam boilers, or air heaters, as well as certain process applications, is expected to propel the growth of the industrial burner market.
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Furthermore, the demand is also driven by the rising use of industrial burners on heavy-duty boilers, as they are capable of overcoming high combustion chamber resistances. In addition, the demand for the industrial burner market is attributed to the increased need of equipment purchasers and machinery manufacturers for good reliable, more efficient as well as low-emission industrial heating devices for various applications.
The outbreak of the Covid-19 pandemic had negatively impacted the growth of the industrial burner market. The stringent restrictions during the pandemic compelled the manufacturers to operate their business with fewer workers present on site and to give operators and engineers additional remote capabilities. Manufacturers started to adopt the idea of being able to manage their manufacturing processes from a distance.
However, as the economies recover from the consequences of the Covid-19 pandemic, which resulted in unforeseen production disruptions, there are numerous improvements occurring in manufacturing. Many manufacturing companies have been able to shift more of their operations into automation and robotics as a result of the increased demand to be able to perform full production with fewer workers on-site.
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Industry Dynamics
Growth Drivers
As a result of numerous government requirements around the world, it has become necessary for all manufacturers to offer energy-efficient heating solutions. Aside from decreasing emissions from industrial furnaces, many manufacturers are now focusing on innovative technologies that will lower manufacturing costs.
With a growing emphasis on decreasing emissions in order to minimize adverse climate change, it is becoming increasingly vital to use renewable fuel for operations. The demand for smart heating devices has grown as a result of technological advancements, research activities, and continuous development.
Additionally, the technological advancement associated with the emergence of heating technology is further expected to propel the growth of the industrial burner market over the forecast period. There is an increased usage of combustion technology by manufacturers to increase heating efficiency.
Report Segmentation
The market is primarily segmented based on fuel type, burner type, operating temperature, power rating, end-use, and region.
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By Fuel Type |
By Burner Type |
By Operating Temperature |
By Power Rating |
By End-Use |
By Region |
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Insight by End-Use
Based on the end-use, the power generation segment is expected to register the highest CAGR during the forecast period. The increasing demand for power across the globe is further accelerating the need for industrial heating products that are used in boilers in the steam power plants, gas turbine-based power plants, coal-fired power plants, and diesel-fired power plants to generate electricity.
Insight by Fuel Type
Based on the fuel type, dual fuel industrial burners are expected to witness the second largest market growth during the forecast period owing to their availability in various specifications. These are best known for their features such as easy operation, compact design, durability, energy efficiency, and enhanced performance.
Furthermore, the gas type is projected to account for a significant share in the global market. The high demand is attributed to the rising use of gas heating equipment for various applications across several industries such as bakery and ovens, boilers, furnaces, automobile workshops, metal industries, etc. due to the features such as high tensile strength, longer service life, optimum performance, reliable and durable.
Geographic Overview
Asia Pacific is expected to dominate the global market over the forecast period. Factors such as the rapid industrialization, rise in population, increased power demand as well as cost advantage of the low cost of labor are likely to accelerate the growth of the industry in the region over the forecast period.
Additionally, as a consequence of enhanced technological innovations, rising electricity consumption and the growing presence of several manufacturers across the region are further contributing to the rising need for the market.
Furthermore, North America is projected to account for a significant share in the global market. The expansion of the industrial burners market is accelerating in the North American countries as a result of continuous investments in mining, LNG, chemicals, and other industries, as well as the development of domestic manufacturing.
Competitive Insight
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.
For instance, in July 2021, ANDRITZ acquired the Finnish company Enviroburners Oy, which manufactures advanced industrial heating equipment solutions for energy production and environmental protection. This acquisition enables growth possibilities, especially in environmental protection applications where hazardous materials are burned in order to produce new raw materials.
Industrial Burner Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 5.61 Billion |
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Revenue forecast in 2030 |
USD 9.61 Billion |
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CAGR |
6.3% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD Billion and CAGR from 2022 to 2030 |
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Segments covered |
By Fuel Type, By Burner Type, By Operating Temperature, By Power Rating, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
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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