Industrial furnaces, the core components of heavy-duty industries, are purposed for the attainment of extreme temperatures in the processing of materials within closed systems. From metal melting to heat treatment, heavy-duty industries around the world are demanding high capacity heating systems to facilitate voluminous production.
Several major players in the metal industry are shifting their focus on high-capacity industrial burners as alternatives to large and hazardous furnaces. Considering the increased expenditure and manufacturing complexity associated with adopting high-capacity furnaces and reactors, industrial burners are a better option, as they serve the same purpose.
These factors are anticipated to have a favorable impact on the growth of the industrial burner market over the forecast period of 2019-2029.
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- Honeywell International Inc.
- Forbes Marshall Private Limited
- Baltur S.p.A.
- Selas Heat Technology Company
- Andritz AG
- OILON GROUP OY
- Weishaupt Group
- Wesman Group
- 2Alzeta Corporation
- Faber Burner Company
- AGF Burner, Inc.
- Webster Combustion Technology, LLC
- John Zink Company, LLC
- Oxilon Pvt. Ltd.
Industrial Burner Market: Electronic Fuel-Air Ratio Control Benefits Operations
For decades, controlling fuel-to-air ratio has remained a critical task while employing burners in large-scale industrial applications. Now, almost every other industrial burner is equipped with an electronic module that enables fuel-to-air ratio control functions.
Advantages of modern electronic control systems that are replacing traditional relay control include availability of diverse functions such as modulation of burners according to the configured fuel-to-air ratio. Industrial burners are equipped with lambda (AFR) sensors that make monitoring of this ratio in internal combustion operations highly accurate.
Overall, such stoichiometric sensors and control panels can adjust the burner’s circuitry when emission levels soar, and thereby, maintain the set operating voltage for combustion and heat treatment operations. Such factors are also projected to positively impact the industrial burner market over the coming years.
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Increasing Emphasis on Periodic Maintenance and Repair to Boost Burner Efficiency
Energy losses due to equipment inefficiency and mechanical limitations are a major cost factor in a majority of industrial processes. Improved burner control systems offer a significant opportunity for plant operators to boost overall efficiency.
The U.S. Department of Energy’s Industrial Technologies Program has also found that, carrying out periodic maintenance and replacing inefficient industrial burners can help improve combustion performance and product quality. Investing in periodic maintenance and repair can also play a key role in reducing environmental emissions.
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Technical Difficulties Factored by High Demand for Dual-Fuel & Mix-Fuel Burners
Several tests have revealed that, the efficiency of single-fuel industrial burners is relatively low as compared to mix-fuel and dual-fuel burners. In developed economies, the adoption of dual-fuel and mix-fuel industrial burners is promoted to lower their imprint on depleting fossil fuels and other natural energy resources.
While the increasing demand for such industrial burners creates an equilibrium with respect to their consumption across multiple fuels, manufacturers face hurdles in dealing with the added requirements for constructing such burners.
A common complexity in the production of dual-fuel and mix-fuel burners is facilitating the provision for separate chambers to maintain the fuel at required temperatures. Technical operations of such burners are also relatively difficult for plant operators, which causes discrepancies in their rapport with manufacturers.
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Industrial Burner Market: Structure Analysis
Tier-1 players account for around 35% of the industrial burner market share. The global industrial burner market is estimated to be highly fragmented. To gain competitive advantage in this market, market participants are investing more in R&D activities to launch new products, and some prominent market players are also opting for the acquisition strategy for effective supply chain management.
For instance, in 2016, Honeywell International, Inc. acquired the Eclipse line of combustion systems by purchasing its parent company - Elster Thermal Solutions. Also, Weishaupt Group launched PLN Low NOx-Gas burners with power capacity up to 8,500 MBH. At the same time, it also launched another version of industrial burner - Low NOx-version 4LN.
Analysts’ Viewpoint on Industrial Burner Market
The global industrial burner market is estimated to witness substantial growth, owing to increasing industrial output across the world. North America and Europe will hold significant share of the global market over the forecast period. With rising focus on emission reduction across the world, market participants can gain a competitive advantage by developing low-emission industrial burners with automation technology.
Key Segments of Industrial Burner Market
PMR’s report divides the industrial burner market into six significant segments - burner type, burner design, application, fuel type, end-use industry, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.
Key Questions Answered in Report
- How much is the industrial burner market worth?
The global industrial burner market is estimated to reach US$ 7 Bn in the year 2021.
- What will be the demand outlook?
The global industrial burner market is slated to witness a CAGR of 6% between 2021 and 2031.
- What was the last 5 year market CAGR?
The global industrial burner market witnessed a CAGR of 4.5% between 2015 and 2020.
- What are the key trends of industrial burner market?
The key trends imply maintenance, and if needed, replacement of the inefficient industrial burners, which help in improvement of combustion performance.
- What is driving the demand for industrial burner?
Probable mandate to adopt industrial burners based on lower NOx combustion technologies and FGR in the near future is driving the demand for industrial burner.
- What is the market share of top 5 players?
The top 5 players holding more than 60% of the market share include Honeywell International Inc., Forbes Marshall Private Limited, Baltur S.p.A., Selas Heat Technology Company, and Andritz AG.
- What are the top 5 countries driving demand?
The top 5 countries driving the demand for industrial burner include the US, Germany, UK, China, and India.
- What is North America’s market Outlook?
North America will continue to be the flag bearer regarding revenue generation to the industrial burner market.
- At what percentage industrial burner market is going to register growth in Europe?
Europe is expected to register growth at the rate of 3.5% in the industrial burner market between 2021 and 2031.
- What are the key market statistics in Korea and Japan?
Korea and Japan are expected to grow at a steady pace in the industrial burner market between 2021 and 2031.