The Industrial Burner Global Market Report 2023, provides comprehensive information on the industrial burner market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Industrial Burner Global Market Report 2023, the market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial burner market size is expected to reach $7.6 billion in 2027 at a CAGR of 6.2%.
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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 market 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/Forges, Air Heating/Drying, Incineration, Other Applications
Asia-Pacific was the largest region in the industrial burner market in 2022.
The table of contents in TBRC’s industrial burner market report includes:
1. Executive Summary
2. Industrial Burner Market Characteristics
3. Industrial Burner Market Trends And Strategies
4. Industrial Burner Market – Macro Economic Scenario
5. Industrial Burner Market Size And Growth
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26. Africa Industrial Burner Market
27. Industrial Burner Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Burner Market
29. Industrial Burner Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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