by The industrial burner market has a wide range of applications across various industries for processes such as heating, drying, and melting. Industrial burners are commonly used in industries such as oil & gas, petrochemicals, power generation, food processing, and others. Various types of fuels such as natural gas, biogas, coal, and oil are used in industrial burners for combustion. The growing oil & gas industry worldwide has increased the demand for industrial burners that can efficiently function across extreme temperatures and pressures. The global oil & gas industry has witnessed significant growth over the past few years and this growth is expected to continue driving the demand for reliable and durable industrial burners.
The global Industrial Burner Market is estimated to be valued at US$ 3.5 billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The oil & gas industry, as referred to in the heading, has seen strong growth in recent years especially in developing economies like India and China which has increased the demand for industrial burners from this end use industry. Higher oil and gas production activities have led to increased requirements for heating equipment like industrial burners. Furthermore, improving efficiency standards in industries have also pushed the demand for advanced burners that can help lower fuel costs and meet stringent emission norms. However, high installation and maintenance costs of industrial burners continue to hinder the industry growth. Ongoing research and development of burners to accommodate alternative fuels can help overcome this challenge and promote a larger adoption of industrial burners going ahead.
Segment Analysis
The global industrial burner market is dominated by the gas burners segment. Gas burners currently account for over 70% of the industrial burner market share owing to the high reliability, control, and efficiency offered by gas burners compared to other fuel types. Gas burners are predominantly used in boilers, furnaces, heaters, and other process heating equipment across industries like chemicals, oil and gas, food and beverage, metal and mining, etc. The gas burners sub-segment is further categorized into natural gas and LPG burners. Natural gas burners dominate the gas burners segment with increasing worldwide supply and government initiatives to promote cleaner fuels.
PEST Analysis
Political: Governments across nations are promoting the usage of cleaner fuels like natural gas over high emission fuels to meet environmental regulations. Favorable policies to shift industries towards cleaner energy sources are boosting the adoption of gas burners.
Economic: Increasing industrialization and infrastructure development activities are driving the demand for process heating equipment across manufacturing industries. The cost-effectiveness of gas burners compared to alternatives is a key factor for their high usage.
Social: Growing awareness about pollutant emissions from industrial processes is compelling industries towards greener fuel options. Gas burners being more environment-friendly than coal, oil burners are gaining preference.
Technological: Advancements in burner design, materials, and controls are enhancing burner efficiency, reliability, and reducing maintenance needs. The introduction of IoT and IIoT enabled intelligent burners is improving plant optimization and operational efficiency.
Key Takeaways
The Global Industrial Burner Market Size for 2024 is estimated to be USD 3.5 billion.
Europe dominated the industrial burner market in the historical period owing to the large manufacturing sector in countries like Germany, Italy, France. Stringent emission norms and focus on energy efficiency are fueling the replacement of older burners with advanced gas burners in the region.
North America is expected to witness high growth in the forecast period supported by ongoing investments in process industry infrastructure and expanding natural gas production.
Key players operating in the industrial burner market are Alzeta Corporation, Andritz, Baltur S.p.A, Bloom Engineering, Cadco, Cleaver-Brooks, Forbes Marshall., Futel, Honeywell International Inc. (Maxon), Osaka Vacuum, QED Combustion, and Weishaupt Group. Leading players are focusing on integrating advanced control systems and introducing innovative burner designs with ramped-up fuel flexibility to gain market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
