The Global Industrial Burner Market Expected to Grow at a Cagr of over 5% Between 2016 to 2020

The Global Industrial Burner Market Expected To Grow At A CAGR Of Over 5% Between 2016 To 2020

Date: 2016-08-03

The Global Industrial Burner market is expected to grow at a CAGR of over 5% between 2016 to 2020. In the manufacturing sector, industrial process heating operations account for a major part of the energy demand, accounting for approximately 70% of the manufacturing sector’s process energy end use.

Boilers are pressure vessels that are designed to either heat water or produce steam, which is then used for heat exchange operations in various end-user industries. The use of water and steam as heat carriers offers advantages such as high energy absorption and easy transportability.

The market is characterized by the coexistence of established vendors who have an international presence and smaller regional players who limited reach and as result, appears to be highly fragmented. Established players mainly cater to the needs of the large-scale plants owned by international giants as they prefer vendors with a greater geographical reach to get a one-stop solution for all their requirements. Whereas, local end-user industries prefer procuring their burners from regional players mainly because it ensures timely maintenance or repairs. Stringent emission regulations will compel vendors to increase their investments in R&D to develop efficient and environment-friendly burners.

The recent years have seen an increasing number of organizations and businesses adopting and implementing smart devices in their operations as they can be easily controlled, monitored, and supervised from remote locations. This led to the development of the smart burner that combines burner technology with recent advances in wireless communications and sensor development.  These burners communicate the status information to a local communications hub from where the data can either be transferred to the plant’s DCS or can be transferred to a cloud-based server that...