Press Releases
 
Industrial Burner Market: Increasing Demand for Industrial Boilers to Create Growth Opportunities fo

Industrial burner Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

United States, 15 March 2017 -- Global Industrial Burner Market: Snapshot

Thanks to the extensive usage of burner management systems (BMSs), the growth of the global industrial burner market has been escalated substantially.

Since these systems provide efficient protection against the explosion of boilers, their demand in various industries has immensely increased, influencing the sales of industrial burners. The efficiency and superior performance of these burners is also increasing their adoption, reflecting positively on this market.

Over the forthcoming years, the worldwide market for industrial burners is likely to gain significantly from the remarkable rise in the demand for industrial boilers, thanks to the swift industrialization in emerging regions and the widespread application of these boilers in a number of industries, such as chemicals, food processing, power generation, and oil and gas. However, the difficult retrofitting of industrial burners may restrict the growth of this market to some extent in the near future, as it requires skilled manpower and increases the overall operating cost.

Fill the form to gain deeper insights on this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21056

In terms of revenue, the global industrial burner market was worth US$19.6 bn in 2015. Expanding at a CAGR of 3.0% between 2016 and 2024, the market is anticipated to reach US$25.6 bn by the end of 2024.

Demand for Industrial Burner to Remain High in Petrochemicals Industry

The power generation, petrochemicals, chemicals and specialty chemicals, mining and mineral, metal, glass, pharmaceutical, automotive, ceramics, food processing, and the printing and publishing industries are the main end users of industrial burners across the world. Among these, the petrochemicals segment has surfaced as the leading consumer of these burners. In 2015, the segment contributed US$3.74 bn to the overall revenue generated in the market for industrial burners, globally.

With a strong rise in the uptake of petrochemicals in developing regions, specifically in Asia Pacific, the demand for industrial burners is estimated to go higher in the petrochemical industry over the next few years, retaining its position as the key consumer. Apart from this, on the grounds of increasing investments and a progressing food industry, the food processing and the power generation sectors are also expected to report a significant growth in the adoption of industrial burners over the years to come.

North America to Remain Dominant

Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa are the prime regional markets for industrial burners. With an overall contribution of US$6.3 bn, North America led the global market for industrial burners in 2015. Analysts estimate this regional market to maintain its lead over the forthcoming years, thanks to the abundance of natural resources, advanced infrastructure, and the high productivity in this region. The U.S. and Canada are expected to drive the North America market for industrial burners over the coming years. As compared to other North American countries, the demand for industrial burners is likely to be considerably high in the U.S. in the near future as the economy is a prominent producer of oil and gas in the whole world.

Browse Market Research Report @
http://www.transparencymarketresearch.com/industrial-burner-market.html

Amongst other, Asia Pacific is expected to emerge as the most promising regional market for industrial burners in the years to come. With a large pool of international players establishing their manufacturing units in India and China, prompted by the cost benefits these economies provide concerning raw materials and laborers, is predicted to boost the Asia Pacific industrial burner market over the next few years. Along with this, the upswing in the government initiatives intended to curb carbon footprints in developing Asian countries is also anticipated to adding to the growth of this regional market in the future.

Some of the prominent participants in the global market for industrial burners are Alzeta Corp., ANDRITZ, Baltur S.p.A, Bloom Engineering, Forbes Marshall, Foster Wheeler AG, Honeywell International Inc., Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems Ltd, Oilon, Osaka Gas Co. Ltd, QED Combustion, Selas Heat Technology Co., and Wesman Group.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

# # #


Submitted by danny, . on Wednesday, 15 March 2017 at 8:11 PM
Category: News & Media
 
Related News

Present Affairs News On the web - Data Regarding the World Readily available At Your home
Wednesday, 20 Sep 2017

Meditation Course: Friday, September 22nd-Monday, September 25th
Wednesday, 20 Sep 2017

Customer Relationship Management Services Market Set for Rapid Growth, to reach around $30.40 Bn by
Wednesday, 20 Sep 2017

Workforce Analytics Market Set for Rapid Growth, to reach around $1056.38 Mn by 2022
Wednesday, 20 Sep 2017

Lyrics Guru Is the Best Place for Those Particular about Lyrics in Cine Songs
Tuesday, 19 Sep 2017

Related Events

There are no related events in this category.

Latest News

Pneumatic Button Bits Grinder Market Overview | Forecast & Analysis (2017-2021)
Thursday, 21 Sep 2017

A Close Look At The Latest Research Trends Within The Global Direct Drive Wind Turbine Market
Thursday, 21 Sep 2017

Pneumatic Air Standard Cylinder Market Industry Analysis - Latest Trends and Issues!
Thursday, 21 Sep 2017

Top Toronto SEO Agency Release A Stunning and Informative SEO Infographic
Thursday, 21 Sep 2017

Global Expanded Metal in Aluminium Alloy Plate Market with business strategies and analysis to 2021
Thursday, 21 Sep 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Thursday, 21 September 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Testing Expo China - Automotive 2017 - Shanghai, China - 19-21 September
  • NEVA 2017 - 14th International Maritime Exhibition and Conferences of Russia
  • ESVS 31st Annual Meeting
  • Immuno-Oncology Frontiers / Berlin 2017
  • World ADC San Diego 2017

  • Latest Jobs
  • Gold Ore Milling Machine Advantages
  • London Investment Property
  • We Are Hiring A Content Manager!