High-Temperature Industrial Burner Market Set to Soar to US$ 2.36 Billion by 2033, Reveals Exclusive FMI Report
The U.S. is set to account for around 84.2% of the North American high-temperature industrial burner market in 2023. The country is estimated to create an absolute dollar opportunity worth US$ 1.61 Billion by the end of the forecast period.
Over the forecast period of 2023 to 2033, the global high-temperature
industrial burner market is expected to grow at a CAGR of 3.9% and
reach a valuation of US$ 2.36 Billion by the end of 2033.
Increasing demand for advanced industrial burners in heavy-duty industries that
require high temperatures in enclosed systems to treat various materials would
aid growth.
The increasing shift of metals and metallurgy businesses
towards high-capacity industrial gas burners for heavy-load applications is
another crucial factor that would spur growth. Rising demand for innovative
boilers that would be able to create high-pressured steam with the help of
fuels such as biomass, petroleum, natural gas, and coal is also set to aid
growth. The emergence of 3D technology to develop well-designed burners for
various industries would create new growth opportunities for market players.
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Key Takeaways from the Market Study:
- By
application, boilers are expected to grow at a CAGR of 3.9% during
the forecast period.
- By
burner design, the duo-block segment is anticipated to account for
about 57.2% of the global market share in 2032.
- By
end-use industry, the power generation segment is projected to create an
absolute dollar opportunity worth US$ 305.6 Million during
the evaluation period.
- In
terms of region, sales of high-temperature industrial burners in East
Asia are estimated to exhibit a CAGR of 4.6%.
- China is
estimated to account for more than 53% of the market
share by 2022 in East Asia.
“Rising demand for heat and steam-related processes
across several industries and ongoing development of energy-efficient boilers
would aid growth in the global market. In addition, surging use of electricity
in the transportation sector is anticipated to boost the demand for power
generation, thereby driving the market,” says a Future
Market Insights analyst.
Competitive Landscape
Some of the leading companies operating in the global
high-temperature industrial burner market are Honeywell International Inc.,
Forbes Marshall Private Limited, Astec Industries Inc., Thyssenkrupp AG, Alfa
Laval AB, Baltur S.p.A, Andritz AG, Oilon Group Oy, Weishaupt Group, ZEECO
Inc., John Zink Hamworthy Combustion, Enervise, Babcock Wanson, SAACKE
GmbH, Tenova S.p.A, Volcano Co. Ltd, Zhejiang Baite Burners Manufacture Co.
Ltd., Olympia Kogyo Co. Ltd., and Elco Burners GmbH among others.
Get More Insights on the High-Temperature Industrial
Burner Market
The research report analyzes the market demand trend for the
High-temperature industrial burner. The global market is based on macroeconomic
factors, market trends & market background. As per Future Market Insights’
research scope, the High-temperature industrial burner market report is studied
and analyzed in the following segments- burner type, burner design, rated
power, applications, fuel type, end-use industry & regions. The
high-temperature industrial burner market report gives us qualitative and
quantitative information about the companies.
Key Segments Covered in High-Temperature Industrial
Burner Industry Analysis
By Burner Type:
- Regenerative
Burner
- High-Velocity
Burner
- Impulse
Burner
- Radiant
Burner
- Customized
(Burner Boiler)
- Flat
Flame Burner
- Oxygen
Burner
- Sinter
Burner
- Low
& Ultra-Low Nox Burner
- Flameless
Burner
By Burner Design:
- Mono-block
- Duo-block
By Rated Power:
- 1 to 5
MW
- 5 to
10 MW
- 10 to
20 MW
- 20 to
50 MW
- 50 to
100 MW
By Application:
- Boilers
- Steam
& Gas Turbine
- HRSG
(Heat Recovery Steam Generation)
- Furnaces/Forges
- Hot
Air Generators
- Incineration
By Fuel Type:
- Gas
Burner
- Oil
Burner
- Dual
Fuel Burner
By End-Use Industry:
- Metallurgy
- Power
Generation
- Oil
& Gas
- Cement
& Refractories
- Chemical
& Petro Chemical
- Industrial
Co-Generation Plant
- District
Heating
- Pulp
& Paper
- Marine
- Municipal
Waste Incineration
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia Pacific
- Middle
East & Africa
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