Global Industrial Burners Market will reach 10630.55 Million USD by the end of 2022 with a CAGR of 2.87%
The global Industrial Burners market is valued at 9228.88 Million USD in 2017 and will reach 10630.55 Million USD by the end of 2022, growing at a CAGR of 2.87% during 2017-2022.
An Industrial burner is a mechanical device which uses gas or liquid fuel to produce flames in a controlled manner.
Industrial Burners can be divided into five categories: under 1 M BTU/HR industrial burners, under 10 M BTU/HR industrial burners, under 20 M BTU/HR industrial burners, under 30 M BTU/HR industrial burners and above 50 M BTU/HR industrial burners. Under 10 M BTU/HR industrial burners accounted for the highest proportion in production market, with a figure of 35.80% in 2017, followed by under 10 M BTU/HR industrial burners, account for 26.95%.
The consumption market share of global Industrial Burners in food processing, petrochemical, pulp & paper, power generation and others has been stable year by year, at 19.80%, 13.77%, 10.19%, 8.80% and 47.43% respectively in 2017, and for several consecutive years, the amplitude was within 2 percent. This indicates that the segment of the Industrial Burners in the global market tends to be fixed without great changes. Among them, the Industrial Burners market has the most promising sales prospects in other application.
XYZ research center data shows that North America is the biggest contributor to the Industrial Burners revenue market, accounted for 42.59% of the total global market with a revenue of 3930.26 million USD in 2017, followed by Europe, 33.73% with a revenue of 3112.97 million USD.
Riello is the largest company in the global Industrial Burners market, accounted for 3.86% of the revenue market share in 2017, followed by Weishaupt and Ariston Thermo, accounted for 2.88% and 2.36% of the revenue market share in 2017. The Industrial Burners industry is not concentrated, many small privately-owned companies compete in this industry. The top 10 producers account for less than 20% of the revenue market.
Due to the various regulations introduced by governments across the world, it has become important for all manufacturers to produce energy efficient burners. Also, many manufacturers are now focusing on new technologies that will reduce the cost of production, apart from also reducing emissions from industrial furnaces. Industrial burners bring about complete combustion of the air and fuel which, in turn, reduces carbon dioxide emission. Many companies, in the steel industry specially, are now focusing on research and developments to produce energy efficient industrial burners.
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