The global high-temperature industrial burner market size was valued at US$ 1.44 Bn in 2021 and is projected to grow at a CAGR of 3.9% from 2022 to 2032. It is set to reach a valuation of US$ 2.1 Bn by 2032. The power generation segment is set to account for more than 45% of the global high-temperature industrial burner market by the end of the forecast period.
The oil burner segment is expected to grow at a faster rate of 3.3% in terms of value over the forecast period. Demand for oil burners is expected to grow 1.4 times faster in 2032 than it did in 2022. However, the global market for gas-fueled industrial burners is expected to grow significantly.
South Asia is expected to experience healthy market growth as a result of rising awareness about emission-free industrial burners. The ease of attachment of these burners would also improve end-user efficiency. ASEAN is thus expected to hold approximately 38.8% of the market in 2022.
Industrial burners are designed to treat materials in enclosed systems at extremely high temperatures. They are critical to heavy-duty industries, which require high-capacity burners for metal melting with the aid of heat treatment to facilitate large-scale manufacturing.
Large, risky furnaces are being replaced by high-capacity industrial gas burners in the metals and metallurgy industries. Because building high-capacity furnaces and reactors are more expensive and complicated in terms of production, these burners are used in heavy load applications. According to FMI, the high-temperature industrial burner market currently accounts for approximately 15.5% of the total industrial burner market.
The market for high-temperature industrial burners grew at a 1.5% CAGR from 2016 to 2021 and is expected to grow by 3.5% YoY in 2022. High-temperature industrial burners, which are used in heavy-duty industries, are designed to reach extremely high temperatures in closed systems while processing materials.
Rising disposable income, increased industrial production, and rapid expansion of the service sector are all factors driving up energy demand. According to the US Energy Information Administration (EIA), global energy consumption could increase by nearly 50% by 2050. Expansion is primarily focused on areas with rapid economic development, particularly in Asia.
Small-burners can burn gas and liquid-based fuel since the amplifier produces a combination of fuel and air. Furthermore, 3D technology is applied in the marine industry, where upgraded industrial burners are used as catalysts in diesel or oil that needs to be fed into furnaces, where it burns and starts the ship’s boilers, thereby producing steam that drives the ship’s turbines.
- Honeywell International Inc.
- Forbes Marshall Private Limited
- Astec Industries Inc.
- Thyssenkrupp AG
- Alfa Laval AB
- Baltur S.p.A
- Andritz AG
- Oilon Group Oy
- Weishaupt Group
- ZEECO Inc.
- John Zink Hamworthy Combustion
- Babcock Wanson
- SAACKE GmbH
- Tenova S.p.A
- Volcano Co. Ltd.
- Zhejiang Baite Burners Manufacture Co. Ltd.
- Olympia Kogyo Co. Ltd.
- Elco Burners GmbH