LONDON--(BUSINESS WIRE)--Technavio’s global industrial burner market research report forecasts the market to grow at a CAGR of over 5% during the forecast period.
The demand for ultra-low NOx burners will be one of the major trends in the global industrial burner market during 2018-2022. An increasing concentration of NOx is responsible for the formation of ground-level ozone that causes smog and acid rain. The combustion of fossil fuels is one of the major sources of NOx emission. This has resulted in an increased demand for ultra-low NOx burners.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global industrial burner market will be the increasing fuel prices and improvement in efficiency of industrial burners:
Global industrial burner market: Increasing fuel prices and improvement in efficiency of industrial burners
The combustion efficiency of an industrial burner reduces with time and therefore, industrial burners can significantly increase the energy bills for an industrial plant. Additionally, boilers account for a major share of the fuel consumed in industries. The fuel bills for industries such as pulp and paper, chemicals and petrochemicals, and textiles have increased owing to the increase in fuel prices.
According to a senior analyst at Technavio for research on engineering tools, “The pulp and paper, chemicals and petrochemicals, and textile industries using boilers upgrade their industrial burners regularly to reduce their fuel bill. This is because even a small improvement of 2% in the combustion efficiency of an industrial burner has a payback period of less than one year. The increasing fuel prices and focus on the combustion efficiency of industrial burners are encouraging the vendors to introduce energy-efficient products.”
Global industrial burner market: Segmentation analysis
The global industrial burner market analysis report provides market segmentation by end-user (food and beverages industry, chemicals and petrochemicals industry, pulp and paper industry, power generation industry, oil and gas industry, and textiles industry) and by region (the Americas, APAC, and EMEA). This industrial burner market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the six major end-users, the food and beverages industry held the largest industrial burner market share in 2017, contributing to around 25% of the market. This end-user segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for more than 38% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
