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According to research report industrial burner market, will witness a growth of 5.29 % at a CAGR of 5% which is expected to increase by USD 198.35 million.
This industrial burner market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the industrial burner market segmentation by end-user (food and beverages, chemicals and petrochemicals, power generation, pulp and paper, and others) and geography (APAC, Europe, North America, South America, and MEA). The industrial burner market report also offers information on several market vendors, including Alzeta Corp., Andritz AG, Baltur Spa, Bloom Engineering Inc., Forbes Marshall Pvt. Ltd., Honeywell International Inc., Koch Industries Inc., Limpsfield Combustion Engineering Co. Ltd., Mitsubishi Heavy Industries Ltd., and Oilon Group Oy among others.
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The research studied the historical data considered for years, with 2020 as the base year, and 2021 as the estimated year.
Key Industrial Burner Market Driver
One of the key factors driving growth in the industrial burner market is the increasing installation of industrial boilers and associated subsystems. Global economic growth has resulted in increased demand for processed food and clothing, especially in APAC, Latin America, and Africa. This is because of increasing urbanization and disposable income and resulting expenditure on lifestyle products. The pulp and paper industry is also expected to grow steadily during the forecast period because of the increasing demand for pulp products such as packaging paper and tissues, timber, and wood products. The global chemical industry is expected to grow steadily due to increasing demand from major end-user industries such as automotive, construction, and manufacturing. All these industries are the major end-users of industrial boilers and, consequently, industrial burners. The growth of these industries necessitates capacity additions and the installation of new boilers. In addition, increasing the use of natural gas for industrial boilers propels the installation of new industrial burners.
Key Industrial Burner Market Challenge
The price stabilization due to high competition among vendors will be a major challenge for the industrial burner market during the forecast period. There are many vendors providing similar products. For example, almost every vendor provides an ultra-low NOx burner. So, vendors cannot differentiate much in terms of their product offerings. Also, end-user industries do not necessarily prefer global brands. They prefer vendors that can provide them with prompt after-sales support. The high cost of electricity gets compensated by the low maintenance requirements of electric steam boilers. It also saves the cost of compliance with the use of combustion equipment. So, high competition among vendors for gas-fired or oil-fired boilers for small-scale applications keeps the price growth of the market low. This keeps the prices of products stable, thereby affecting the revenue growth of the global industrial burner market.
This industrial burner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial burner market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial burner market encompasses successful business strategies deployed by the key vendors. The industrial burner market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Alzeta Corp. - The company offers industrial burner products such as low NOx burners and ultra-low NOx burners.
Alzeta Corp. - Under the unified segment, The company offers combustion burners, low emissions, and energy-efficient solutions for most industrial heating applications.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial burner market report contains a comprehensive market knowledge and in-depth vendor landscape add-on to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain, and parent market of the industrial burner market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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