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Industrial Burner Market is expected to reach US$ 10.37 Bn by 2032 – Persistence Market Research – GlobeNewswire

| Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, Aug. 08, 2022 (GLOBE NEWSWIRE) — The industrial burner market is estimated to expand at a value CAGR of 4.8% during the forecast period of 2022-2032 to reach a market growth of US$ 10.3 Bn by 2032.

Industrial burners are comparatively simple to install as compared to other equipment used for heating and burning applications across industries. Even for large-scale manufacturers with a flexible expense threshold, their upkeep remains low-budget. Furthermore, new products entering the global industrial burner market are becoming more compact, which is encouraging metal industry firms to embrace them. The efficiency of such tiny and simple-to-install industrial burners has also been maintained by manufacturers.
With increasing emphasis on lowering carbon footprint, leading companies are investing heavily in enhancing the ability of burners to reduce pollutant levels. A burner that can decrease or eliminate greenhouse gases such as NOx will generate major prospects for market players over the forecast period.
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Key Takeaways from Market Study
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“Expanding manufacturing sector in South Asia & Pacific, coupled with significant government initiatives and financial assistance, will provide lucrative opportunities for industrial burner manufacturers over the coming years,” says a Persistence Market Research analyst.
Market Landscape
The global industrial burner is moderately consolidated among tier i and tier ii players. Leading players account for 20% to 25% share of the market on a value basis.
Some of the key players in this industry include, but are not limited to, Andritz AG, Baltur S.p.A, Faber Burner Company, Forbes Marshall Private Limited, Honeywell International Inc., John Zink Company, LLC, Limpsfield Combustion Engineering, Miura America Co., LTD., and OILON GROUP OY.
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Want to Know More?
Persistence Market Research, a research and consulting firm, has published a revised market research report on the industrial burner market that contains a global industry analysis of 2017–2021 and an opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, burner type, burner design, application, fuel type, end-use industry, and region.
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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
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