The global industrial burner market size is expected to reach USD 9.61 Billion by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for the market is expected to be stimulated by the rising adoption of automation and robotics in manufacturing, which will create lucrative opportunities for the manufacturers present across the globe. They are a key component of every heating system used across the industries that offer temperature control throughout entire production facilities.
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Furthermore, with the rising environmental concern, it has become important to use renewable fuel for operations. The manufacturers present across the globe are investing in research and development to create advanced technology industrial heating solutions in order to increase focus on reducing emissions harmful to the climate.
Based on the fuel type, the dual fuel type is expected to witness the second largest market growth during the forecast period. Due to features such as high tensile strength, extended service life, optimal performance, reliability, and durability, they are increasingly being used for a variety of applications in a number of industries, including metal industries, boilers, furnaces, and bakery and ovens.
Asia Pacific is expected to dominate the global market over the forecast period. Due to industrialization, the manufacturing sector in the Asia Pacific is undergoing substantial changes, which is projected to boost the demand for industrial heating solutions across the region.
Market players such as 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 are some key players operating in the global market.
For instance, in July 2021, Tenova, a pioneer in eco-friendly solutions to the global energy transition of the metals sector, advances its progress toward carbon neutrality with a significant accomplishment that yields a distinctive portfolio of hydrogen-ready technology. The company is now ready to launch a self-recuperative burner for heat-treatment furnaces after just launching the multi-megawatt TSX SmartBurner family for reheating furnaces fueled with a mixture of natural gas and hydrogen.
Polaris Market Research has segmented the industrial burner market report based on fuel type, burner type, operating temperature, power rating, end-use, and region:
Industrial Burner, Fuel Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Burner, Burner Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Burner, Operating Temperature Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Burner, Power Rating Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Burner, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Burner, Regional Outlook (Revenue - USD Billion, 2018 - 2030)