Market Leaders - Industrial Burner Market
The global industrial burner market is projected to reach USD 7.9 billion by 2027 from an estimated USD 5.9 billion in 2022, at a CAGR of 6.1% during the forecast period. The rapid expansion of the industrial sector along with surging adoption of dual-fuel industrial burners to lower imprint of depleting fossil fuels is expected to drive the demand for global Industrial burner market.
The Asia Pacific region is estimated to be the largest market for industrial burners, followed by the North America. The Asia Pacific region is also projected to be the fastest-growing market with a CAGR during the forecast period. The increasing investments in LNG, chemical, and mining projects is likely to increase the demand for industrial burners are the key drivers behind the growing demand for industrial burners in the Asia Pacific region.
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The industrial burner market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global industrial burner market include ANDRITZ Group (Austria), NIBE Group (Sweden), Honeywell International Inc. (US), Ariston Group N.V. (Italy), Reillo S. p. A. (Italy) and Fives (France).
ANDRITZ Group is an international company providing plants, systems, equipment, services, and digital solutions for various industries such as hydropower, pulp & paper, metal and steel industries, and in solid/liquid separation in the municipal and industrial segments. The company provides equipment for steam boiler plants, biomass power plants, recovery boilers, and gasification plants in power generation. The company operates through four main business areas, namely, Pulp & Paper, Metals, Hydro, and Separation. The company offers a wide variety of burners including radiation burners, flat flame burners, radiant tube burners, and ultra-low NOx burners among others. The company provides boilers for power generation, flue gas cleaning systems, various nonwoven technologies, panelboard (MDF) production systems, as well as recycling and shredding solutions for numerous waste materials as a part of the Pulp & Paper business segment. The company also supplies turnkey furnace systems for the steel, copper, and aluminium industries, burners and refractory products, welding systems, as well as comprehensive services for the metalworking industry through the Metals business segment. Industrial waste and biofuels are used to generate energy in burner systems, which helps to reduce CO2 emissions. Industrial burners provide growth opportunities in environmental protection applications where hazardous materials are burned in order to produce new raw materials, such as complex Non-Condensable Gas (NCG) systems, or to utilize process side streams, such as burning of wood powder to replace fossil fuels used in lime kilns, or methanol and turpentine combustion in recovery boilers. ANDRITZ has operations in more than 280 locations in over 40 countries in the Americas, Europe, Asia Pacific, and Africa.
NIBE Group offers a wide range of products for energy-efficient heating, air conditioning, heat recovery, ventilation, and water heating applications. The company manufactures element components such as tubular, aluminium, foil, ceramic, thick film, PTC elements, and high-power elements; open spirals and tapes; heat exchangers; heating cables and jackets; heat pump technology; resistors; temperature sensors; control equipment; and flexible hoses. It also manufactures stoves and accessories for residential and commercial sectors. The company operates through three business segments—NIBE Climate Solutions, NIBE Element, and NIBE Stoves. It offers industrial burners through its NIBE Climate Solutions segment. The NIBE Climate Solutions segment offers heat pumps, PV panels, ventilation products and air conditioning, water heaters and accumulator tanks, climate control systems, domestic boilers, commercial washing machines, tumble dryers, and district heating products. The company offers burners through its various brands and subsidiaries, namely, Bentone AB, Turboflame, Giersch/ Enertech GmbH, Enertech Ltd, Enertech Global LLC, Enertech AB, and CTC AB. Bentone offers burners with high performance, low fuel consumption, and are produced according to the European norms EN 676 and EN 746-2. The company constantly modernizes its burners to meet the new demands of modern regulations and lower NOx levels. The NIBE Group has operations in 175 countries across North America, Europe, and Asia Pacific. The company has production operations in 27 countries and direct sales channels in 17 countries.
Related Reports:
Industrial Burner Market by Type (Regenerative, High Thermal, Radiant, Direct-Fired), Fuel Type (Oil, Gas, Dual, Solid), End Use (F&B, Petrochemical, Power, Chemical, Metals & Mining), Operating Temperature, Automation, Region - Global Forecast to 2027
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