The study is given to the analysis of the latest growth trends and prospects for the Industrial Burners market.
The section “Industrial Burners Market” includes an examination of the situation in major sections of the Industrial Burners market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.
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Industrial burner is among the most integral components used across wide array of industry verticals including petrochemicals, power generation, chemical processing, pharmaceuticals, metals & mining and several others. The market is expected to exhibit steady growth over the forecast period due to consistently growing power generation sector, primarily backed by the U.S., China and India. The three countries collectively account for nearly 50% of the total electricity generation across the world. China and India, due to factors such as rising number of power generation plants and proliferating industrial sector, are expected to emerge as the most prominent markets for industrial burners in the following years. Additionally, strong anticipated growth in the petrochemicals sector is another important factor expected to drive the industrial burners market growth. However, factors such as requirement of skilled labor and growing inclination towards renewable energy may pose significant challenge for the market.
Industrial burners market is categorized based on burner type, fuel type, automation, operating temperature, industry vertical and geography. Based on fuel type, the solid fuel and gas-based fuel segments dominate the market, collectively accounting for more than 50% of the total market revenue. With concerns over depleting coal reserves, solid fuel-based segment may witness slower growth over the forecast period. Dual fuel segment is expected to register the highest growth rate during the forecast period, primarily backed by longer operating time offered by these burners. By operating temperature, the market high temperature (more than 14000 F) segment leads the market due to higher application area of these energy levels. Based on the geography, Asia Pacific dominates the overall industrial burners market with nearly 1/3rd share of the total revenue generated worldwide. Due to factors such as robust industrial sector and rising power generation sector, the region would register the highest growth rate during the forecast period.
The overall industrial burners market is competitive in nature with major players focusing on product enhancement. One of the most important concerns for industrial burners is achieving high efficiency with reduced maintenance. Thus, majority of the market players emphasize on developing burners that require less maintenance and offer higher efficiency and energy levels. Another important strategy adopted by the market players is expansion of sales & service network. Providing prompt service and training is one of the most important aspects considered by the market players. Some of the major players profiled in the report include Maxon Corporation (Honeywell International, Inc.), Weishaupt Group, Selas Heat Technology Company, Andritz AG, ALZETA Corporation, Forbes Marshall, Mitsubishi Hitachi Power Systems, Ltd., Wesman Group, Oilon Oy, Limpsfield Combustion Engineering Ltd., Bloom Engineering Company, Inc., Osaka Gas Co., Ltd. and QED Combustion, Inc. among others.
“Industrial Burners Market” is a new report by us that explains how companies’ acquisition expenditures, media spend, business strategies, marketing and sales strategies and practices, and business plan are set to change in 2017-2018. This paper gives you access to the category-level spending forecasts, business challenges, budgets, supplier selection criteria, the current size of the marketing and promotion budgets and investment opportunities for senior-level officials. The report also identifies the expected growth of buyers and suppliers, capital expenditure, staff hiring, M and A, and e-procurement. This report not only gives access to the views and strategies of business decision makers and rivals but also examines their actions circling business priorities. The report also provides access to information categorized by company type and sizes, region,
Introduction and Landscape
Why was the report written?
This report is the result of an extensive survey drawn from Our Research’s elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials’ attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry
This report offers:
- Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global Industrial Burners market
- Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
- Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGRs for the period from 2018 to 2026
- Company profiles that will highlight key information about the imperative players operating in the global Industrial Burners devices market
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