Industrial Burner Market Size, Share, Industry Analysis, Trends, Growth, 2032

Industrial Burner Industry Prospective:

The global industrial burner market size was evaluated at $6.82 billion in 2023 and is slated to hit $10.93 billion by the end of 2032 with a CAGR of nearly 5.38% between 2024 and 2032.  

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Industrial Burner Market: Overview

An industrial burner is a mechanical instrument that integrates air and fuel. Moreover, it makes use of an ignition device and offers a tool for combustion. Moreover, it is utilized in a slew of industrial applications for generating and controlling flames for heat-intensive methods including chemical reactions, heating, and drying. These industrial burners are pivotal parts of industrial furnaces, ovens, heating systems, and boilers.

Key Insights

• As per the analysis shared by our research analyst, the global industrial burner market is projected to expand annually at the annual growth rate of around 5.38% over the forecast timespan (2024-2032)
• In terms of revenue, the global industrial burner market size was evaluated at nearly $6.82 billion in 2023 and is expected to reach $10.93 billion by 2032.
• The global industrial burner market is anticipated to grow rapidly over the forecast timeline owing to the escalating use of the product in a slew of end-use sectors such as steam boilers, heat exchangers, air heaters, and hot water boilers.
• In terms of type, the high velocity segment is slated to register the highest CAGR over the forecast period.
• Based on operating temperature, the high segment is predicted to lead the segmental space in the forthcoming years.
• Based on end-users, the power generation segment is predicted to contribute majorly towards the global market revenue in the upcoming years.
• Based on fuel type, the dual segment is predicted to contribute majorly towards the global industry revenue in the ensuing years.
• Based on automation, the monoblock segment is expected to lead the global market expansion in the upcoming years.
• Region-wise, the European industrial burner industry is projected to register the fastest CAGR during the projected timespan.

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Industrial Burner Market: Growth Factors

Humungous utilization of industrial burners in various end-use sectors will boost the global market expansion by 2032

Escalating the use of the product in a slew of end-use sectors as steam boilers, heat exchangers, air heaters, and hot water boilers is likely to prop up the expansion of the global industrial burner market. Additionally, large-scale use of industrial burners on heavy-duty boilers will steer the global market demand. A surge in the popularity of industrial heating instruments owing to their efficacy and low emissions will bolster the global market trends. Strict government laws regarding emissions can increase the scope of the global market in the years ahead.

Industrial Burner Market: Restraints

A surge in the capital investments required for boiler-driven burners can hinder the global industry surge over forecast period

A rise in the preliminary costs of the product can restrict the expansion of the global industrial burner industry in the years ahead. Massive capital investments needed for boiler-based burners can put brakes on the growth of the global industry.

Industrial Burner Market: Opportunities

A rise in the manufacturing of burners with new features can open a spectrum of growth avenues for the global market

A prominent surge in the production of advanced liquid burners as well as gas burners with the help of additive manufacturing techniques will help the global industrial burner market explore new growth avenues in the coming years.

Industrial Burner Market: Challenges

Complexities related to replacement of the product can challenge the global industry surge over forecast timeline

Complications related to maintenance, replacement, and retrofitting of the product can pose a big challenge to the expansion of the global industrial burner industry.

Industrial Burner Market: Segmentation

The global industrial burner market is divided into type, operating temperature, fuel type, automation, end-user, and region.                                         

In type terms, the industrial burner market across the globe is segregated into regenerative, flat flame, high velocity, radiant, line, thermal radiation, and customized segments. Furthermore, the high velocity segment, which acquired nearly half of the global market share in 2023, is expected to register the fastest yearly rate of growth in the forecast timespan. The expansion of the segment in the next couple of years can be due to high level of efficiency of the high velocity industrial burners along with their lower costs. Apart from this, these products provide uniform heat distribution, thereby reducing the GHG emissions and they also help in drying the moisture from refractory materials.

On the basis of operating temperature, the global industrial burner industry is segmented into high and low segments. Additionally, the high segment, which amassed a key share of the global industry in 2023, is predicted to lead the segmental sphere in the coming eight years. The segmental surge from 2024 to 2032 can be due to extensive utilization of high operating temperatures for forging metals along with providing heat treatment for ceramics, food & beverages, glass, textiles, and chemicals.

Based on the end-user, the global industrial burner market is sectored into automotive, paper & pulp, power generation, chemicals, food & beverages, and metals & mining segments. However, the power generation segment, which garnered about 60% of the global market revenue in 2023, is anticipated to make notable contributions towards the global market size over the assessment timeline. The growth of the segment in the next few years can be attributed to humungous demand for electricity from various industrial units.

Based on the fuel type, the global industrial burner industry is bifurcated into oil, dual, and gas segments. Moreover, the dual segment, which accumulated about 55% of the global industry share in 2023, is projected to make lucrative contributions towards the global industry revenue over the expected timespan. The growth of the segment in the forthcoming years can be credited to the huge demand for dual-fuel burners as they provide exact temperature control and help reduce fuel charges in integration with secondary fuel.

On the basis of automation, the global industrial burner market is divided into duoblock and monoblock segments. Furthermore, monoblock segment, which accounted for two-thirds of the global market share in 2023, is set to lead the global market growth in the upcoming years. The segment progression over 2024-2032 can be credited to the large capacity of monoblock along with its growing power efficacy.  

Industrial Burner Market: Report Scope

Industrial Burner Market: Regional Insights

Asia-Pacific is predicted to maintain the leading position in the global industrial burner market in the years ahead

Asia-Pacific, which accounted for nearly 70% of the global industrial burner market earnings in 2023, is anticipated to establish a numero uno position in the global market over the years ahead. Moreover, the regional market expansion in the next couple of years can be due to a rise in industrialization along with an increase in mining & petrochemical activities. Low production & labor costs along with the availability of raw materials & land at reasonable costs can further elevate the expansion of the market in the APAC zone. Countries such as India and China are the key regional revenue pockets

The European industrial burner industry is anticipated to register the fastest CAGR in the forecast timeline. The progression of the industry in Europe can be ascribed to a surge in the installation of natural gas-based industrial burners in European countries.  A surge in the acceptance of low-energy systems by countries such as Germany will proliferate the growth of the industry in Europe.

Key Developments

• In August 2023, Fives introduced a Hy-Ductflam™, a new hydrogen duct burner providing 100% free decarbonization of drying and heating processes.
• In March 2024, Benninghoven unleashed the World’s first hydrogen-driven burner for producing asphalt on a large-scale.

Industrial Burner Market: Competitive Space

The global industrial burner market profiles key players such:

• Nibe Group
• Andritz Group
• Zeeco
• Ariston Group N. V.
• Oxilon Pvt Ltd
• Alzeta Corporation
• Bloom Engineering
• Selas Heat Technology Company
• Baltur S.P.A.
• Honeywell International Inc.
• Oilon Group OY
• Ebico
• Riello S. P. A.
• Weishaupt

The global industrial burner market is segmented as follows:

By Type

• Regenerative
• Flat Flame
• High Velocity
• Radiant
• Line
• Thermal Radiation
• Customized

By Operating Temperature

• High
• Low

By End-User

• Automotive
• Paper & Pulp
• Power Generation
• Chemicals
• Food & Beverages
• Metals & Mining

By Automation

• Duoblock
• Monoblock

By Fuel Type

• Oil
• Dual
• Gas

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa