Industrial burner Market is projected to Reach US$25.6 bn before the finish of 2024

The global industrial burner market has been envisaged in a report by Transparency Market Research (TMR) to witness the presence of an expansive pool of industry participants. The competitive landscape could be of a highly intensive nature and demonstrate a significantly fragmented characteristic. The rivalry between key players of the industry has been prognosticated to increase considerably in the coming years because of a greater acquisition of smaller companies, development of existing products, and increasing innovations in the market.

As per TMR, the global industrial burner market could expand at a CAGR of 3.0% during the forecast tenure 2016-2024. By the completion of 2024, the market has been anticipated to be worth a US$25.6 bn. In 2015, the market had accumulated revenue of a US$19.6 bn. On the basis of end-user segmentation, the market could see the dominance of petrochemicals with regard to consumption. This segment collected revenue of a US$3.74 bn in 2015. In the same year, North America collected a US$6.3 bn to take the lead in the market.

Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=21056

Government Regulations in Favor of Reduced Carbon Footprint Bode Well

Developed regions such as North America have been prophesied to contribute to the overall growth of the world industrial burner market because of the availability of a plentitude of natural resources, greater productivity, and sophisticated infrastructure. In the foreseeable future, North America could be dominated by Canada and the U.S. where the latter is an important producer of oil and gas across the globe. Compared to other countries in North America, the U.S. has been predicted to exhibit a larger demand for industrial burner.

On the other hand, the low cost of labor and raw materials in emerging regions such as Asia Pacific could help the world industrial burner market to showcase a faster growth in the near future. Furthermore, the rising implementation of several government policies for reducing carbon footprint and noticeable expansion of mining and petrochemicals industries have been foreseen to augment the demand for industrial burner in Asia Pacific.

Difficulty in Retrofitting Pushes Possibility of Disappointed Demand in Future

Despite the staggering progress of the international industrial burner market, there could be certain challenges to be faced with. These have been envisioned to include the complexity associated with the retrofitting of industrial burners.

Nonetheless, the international industrial burner market could make a comeback while riding on the widespread installation of burner management systems (BMS) in sundry industries. The sales of industrial burner have significantly increased in the past few years owing to benefits such as effective protection against the explosion of boilers. Moreover, the growing industrial applications of boilers, increasing industrialization in emerging nations, and rise in the demand for industrial boilers have been envisaged to up market growth in the coming years.

View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/industrial-burner-market.html

The information presented in this review is based on a TMR report, titled “Industrial Burner Market (Fuel – Oil-based, Gas-based, and Dual fuel; Automation – Monoblock and Duoblock; Burner – Regenerative Burners, High Velocity Burners, Thermal Radiation, Radiant Burners, Customized (Burner Boilers), Flat Flame Burners, and Line Burners; Operating Temperature – High Temperature (>1400F) and Low Temperature (<1400F); Application – Boilers, Furnace/Ovens/Kiln, and Air Heating/Drying; End User – Petrochemicals, Power Generation, Chemicals and Specialty Chemicals, Mining and Mineral, Metal , Pharmaceutical, Glass, Ceramics, Food Processing, Automotive, and Printing and Publishing) �� Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

The global industrial burner market has been segmented as presented below:

Global Industrial Burner Market: Fuel

Oil-based
Gas-based
Dual fuel

Global Industrial Burner Market: Automation

Monoblock
Duoblock

Global Industrial Burner Market: Burner

Regenerative Burners
High Velocity Burners
Thermal Radiation
Radiant Burners
Customized (Burner Boilers)
Flat Flame Burners
Line Burners

Global Industrial Burner Market: Operating Temperature

High Temperature (> 1400F)
Low Temperature (< 1400F)

Global Industrial Burner Market: Application

Boilers
Furnace/Ovens/Kiln
Air Heating/ Drying

Global Industrial Burner Market: End User

Petrochemicals
Power Generation
Chemicals and Specialty Chemicals
Mining and Mineral
Metal
Pharmaceutical
Glass
Ceramics
Food Processing
Automotive
Printing and Publishing

Global Industrial Burner Market: Geography

North America U.S. Canada Mexico Rest of North America
Europe U.K Germany France Russia Turkey Rest of Europe
Asia Pacific (APAC) India Japan China Australia Rest of APAC
Middle East and Africa (MEA) UAE South Africa Rest of MEA
South America Brazil Argentina Rest of South America

To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21056

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/