Industrial Burner Market by End-user and Geography - Forecast and Analysis 2021-2025

According to research report industrial burner market, will witness a growth of 5.29 % at a CAGR of 5% which is expected to increase by USD 198.35 million.

This industrial burner market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the industrial burner market segmentation by end-user (food and beverages, chemicals and petrochemicals, power generation, pulp and paper, and others) and geography (APAC, Europe, North America, South America, and MEA). The industrial burner market report also offers information on several market vendors, including Alzeta Corp., Andritz AG, Baltur Spa, Bloom Engineering Inc., Forbes Marshall Pvt. Ltd., Honeywell International Inc., Koch Industries Inc., Limpsfield Combustion Engineering Co. Ltd., Mitsubishi Heavy Industries Ltd., and Oilon Group Oy among others.

What will the Industrial Burner Market Size be During the Forecast Period?

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Industrial Burner Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2020 as the base year, and 2021 as the estimated year.

Key Industrial Burner Market Driver

One of the key factors driving growth in the industrial burner market is the increasing installation of industrial boilers and associated subsystems. Global economic growth has resulted in increased demand for processed food and clothing, especially in APAC, Latin America, and Africa. This is because of increasing urbanization and disposable income and resulting expenditure on lifestyle products. The pulp and paper industry is also expected to grow steadily during the forecast period because of the increasing demand for pulp products such as packaging paper and tissues, timber, and wood products. The global chemical industry is expected to grow steadily due to increasing demand from major end-user industries such as automotive, construction, and manufacturing. All these industries are the major end-users of industrial boilers and, consequently, industrial burners. The growth of these industries necessitates capacity additions and the installation of new boilers. In addition, increasing the use of natural gas for industrial boilers propels the installation of new industrial burners.

Key Industrial Burner Market Challenge

The price stabilization due to high competition among vendors will be a major challenge for the industrial burner market during the forecast period. There are many vendors providing similar products. For example, almost every vendor provides an ultra-low NOx burner. So, vendors cannot differentiate much in terms of their product offerings. Also, end-user industries do not necessarily prefer global brands. They prefer vendors that can provide them with prompt after-sales support. The high cost of electricity gets compensated by the low maintenance requirements of electric steam boilers. It also saves the cost of compliance with the use of combustion equipment. So, high competition among vendors for gas-fired or oil-fired boilers for small-scale applications keeps the price growth of the market low. This keeps the prices of products stable, thereby affecting the revenue growth of the global industrial burner market.

This industrial burner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial burner market during the forecast period.

Who are the Major Industrial Burner Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Alzeta Corp.
• Andritz AG
• Baltur Spa
• Bloom Engineering Inc.
• Forbes Marshall Pvt. Ltd.
• Honeywell International Inc.
• Koch Industries Inc.
• Limpsfield Combustion Engineering Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Oilon Group Oy

 

This statistical study of the industrial burner market encompasses successful business strategies deployed by the key vendors. The industrial burner market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Alzeta Corp. - The company offers industrial burner products such as low NOx burners and ultra-low NOx burners.

• Alzeta Corp. - Under the unified segment, The company offers combustion burners, low emissions, and energy-efficient solutions for most industrial heating applications.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial burner market report contains a comprehensive market knowledge and in-depth vendor landscape add-on to an analysis of the key vendors.

Industrial Burner Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the industrial burner market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Industrial Burner Market?

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44% of the market’s growth will originate from APAC during the forecast period. China is the key market for industrial burners in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for processed food in the region will facilitate the industrial burner market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 caused an economic recession and massively disrupted industrial operations in the region owing to the implementation of lockdown measures. However, economic activities picked up in late 2020 and 2021 due to a decline in the number of COVID-19 cases and an increase in mobility. This has been increasing the commercial and industrial demand for electricity, which will positively impact the regional market in focus during the forecast period.

What are the Revenue-generating End-user Segments in the Industrial Burner Market?

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The industrial burner market share growth by the food and beverages segment will be significant during the forecast period.  The global food and beverages market will grow rapidly during the forecast period. This growth will be driven by increasing demand for processed food such as dairy products, frozen food, ready-to-cook, and ready-to-eat products. This increase in demand for processed food can be attributed to the economic growth of developing and emerging countries such as China, India, Bangladesh, and Vietnam.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial burner market size and actionable market insights on post-COVID-19 impact on each segment.

 

Industrial Burner Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 5%
Market growth 2021-2025	$ 198.35 million
Market structure	Fragmented
YoY growth (%)	5.29
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 44%
Key consumer countries	China, US, Germany, UK, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Alzeta Corp., Andritz AG, Baltur Spa, Bloom Engineering Inc., Forbes Marshall Pvt. Ltd., Honeywell International Inc., Koch Industries Inc., Limpsfield Combustion Engineering Co. Ltd., Mitsubishi Heavy Industries Ltd., and Oilon Group Oy
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Burner Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive industrial burner market growth during the next five years
• Precise estimation of the industrial burner market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the industrial burner industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial burner market vendors

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