The report forecasts the global industrial burner market to grow at a CAGR of 5.40% during the period 2016-2020.
One of the major trends for market growth is the use of renewable fuel oil. With the rising threats of emissions and climate change increasing, companies involved in burner technology are developing low-emission oils known as renewable fuel oils (RFOs). RFOs are a carbon-rich liquid fuel derived from biomass that are an ideal replacement for fuel oil in a boiler for heating applications. RFO can be delivered, stored, and pumped to a heating boiler like petroleum fuel oil.
According to the report, emergence of burner management systems will be a major key driver for market growth. A burner management system's main task is to protect boilers from exploding as it guarantees a safe, methodical operating sequence in the start-up and shutdown of fuel fire equipment and to diminish the possibility of errors significantly by following the sequential and secure operating procedure. The emergence of smart systems such as the BMS ensures the safety and security of the equipment as well as that of personnel.
Further, the report states that one of the major challenges for market growth will be the involvement of troublesome retrofitting.
- Foster Wheeler
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/njgwng/global_industrial.