Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Industrial Burner Market size is expected to reach $8.2 billion by 2028, rising at a market growth of 5.9% CAGR during the forecast period.
The High Temperature (> 1,400°F) market is generating high revenue in the Global Industrial Burner Market by Operating Temperature in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.5 billion by 2028. These burners are frequently used for thermal treatment in metals and mining, ceramics, glass, chemical, food & beverage, textile, and paper industries as well as forging different metals.
The Automotive market has shown the growth rate of 6.4% during (2022 - 2028). For finishing, drying, and curing processes like powder coating, line painting, etc., the automotive industry uses industrial burners and pre-mix air-gas supply systems. Curing ovens are built with low power consumption and a consistent temperature in the designated working area in mind. For liquid and powder curing, specific curing ovens have been created.
The Radiant Burner market is leading the Global Industrial Burner Market by Burner Type in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3 billion by 2028. It is because the fuel is mixed and the flame is contained inside a porous substance in radiant burners. Both convective and radiative heat is produced by the resulting burner. Wire mesh and ceramics are just two examples of the porous materials that can be used to create these burners.
The Dual Fuel market is showcasing a CAGR of 6.4% during (2022 - 2028). The Gas market is expected to witness a CAGR of 7.1% during (2022 - 2028). It is because they enable the use of inexpensive fuel sources along with a secondary fuel that is more expensive but has a steady and consistent supply. In comparison to dual-fuel burners, the efficiency of industrial burners using a single fuel is comparatively low.
The Monoblock market acquired the maximum revenue share in the Global Industrial Burner Market by Power Rating in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.8 billion by 2028. A mechanical and electrical piece of equipment with a high level of automation is the monoblock burner. The burner is separated into five systems: an electronic control system, an ignition system, an air supply system, a monitoring system, and a fuel system. Due to a combustion head design that lowers Nitrogen Oxide (NOx) to below 120mg/kWh, this type of burner is specifically created to minimize environmental impact.
The Asia Pacific market dominated the Global Industrial Burner Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3 billion by 2028. The Europe market is anticipated to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The North America market would register a CAGR of 5.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Andritz AG, NIBE Industrier AB, Corp., Honeywell International, Inc., Ariston Holding N.V., Max Weishaupt GmbH, Selas Heat Technology Company, LLC. Riello S.P.A. (Raytheon Technologies Corporation), Fives Group (Novafives S.A.S.), Oilon Group Oy and Ebico Trading Ltd.
By Operating Temperature
By Burner Type
By Fuel Type
By Power Rating
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