The purpose of the report is to illustrate the state of the market of Industrial Burners, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Industrial Burners buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Industrial Burners contains:
Analysis and forecast of Industrial Burners market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Industrial Burners market;
Assessment and forecast of Industrial Burners market development;
Financial and business profiles of the leading companies in the Industrial Burners industry.
– Up to date working Industrial Burners data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Industrial Burners for the period 2018 to 2026
– Planned Industrial Burners additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Industrial Burners projects by region, key countries, and companies
– Details of major planned Industrial Burners projects in the world up to 2026
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