INDUSTRIAL BURNER MARKET ANALYSIS

Industrial Burner Market Size and Trends

The industrial burner market is estimated to be valued at US$ 8.72 billion in 2024 and is expected to reach US$ 11.89 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

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The market is driven by growing demand for energy-efficient and low emission burners across various process industries. Strict environmental regulations regarding emission levels of industrial burners are compelling manufacturers to develop advanced burner technologies. Adoption of internet of things (IoT) and automation in industrial burners allows remote monitoring and optimizes burner performance. Integration of burner management systems and industrial internet of things (IIoT) solutions aid real-time data collection and analysis. However, availability of substitutes and high investment costs associated with retrofitting existing systems can hamper the market growth.

Growth in Process and Utilities Industries

The process and utilities industries have seen steady growth over the past few years and this growth is expected to continue going forward. These industries utilize burners extensively in their manufacturing and production processes for various applications such as steam production, process heating, catalytic cracking, etc. The oil and gas industry in particular has been expanding production and has numerous offshore and onshore facilities that require industrial burners for generating heat and power. Growing natural gas exploration and production activities are increasing the demand for burner systems in gas processing plants, LNG terminals, petrochemical units, and refineries.

Utilities such as power plants also use various types of industrial burners for processes like thermal oxidizers, fired heaters and boilers. With growing populations and rapid urbanization in developing economies, the need for power generation and treated water is on the rise which is propelling the growth of utilities. Furthermore, stricter environmental regulations for emission control are making industrial burners more sophisticated with advanced combustion and monitoring technologies. This is encouraging utilities and process facilities to replace or retrofit older burner systems with modern efficient models. The chemical industry is another prominent end-user where synthetic fuel production, polymer processing and fertilizer manufacturing involve the extensive use of industrial burners. Rising chemical demand from the agriculture, construction and automotive sectors is positively impacting chemical production volumes.

In July 2021, ANDRITZ completed the acquisition of Enviroburners Oy, a Finnish company specializing in the production of advanced industrial heating equipment solutions for both energy generation and environmental preservation. This strategic move opens up avenues for growth, particularly in environmental protection applications involving the combustion of hazardous materials to generate new raw materials.

Need for Energy Efficient and Low Emission Burner Systems

With increasing environmental awareness and carbon footprint reduction becoming a global priority, industries are under pressure to optimize energy usage and lower harmful emissions from their operations. Industrial burners account for sizable greenhouse gas emissions and pollutants released into the atmosphere if not designed and operated properly. Stringent norms by environmental agencies regarding emission standards for NOx, CO and other regulated pollutants have necessitated modifications to existing burner technologies. This growing regulatory emphasis on cleaner combustion is driving the replacement of antiquated industrial burner models with modern low NOx variants. Advanced burner management systems with automated process control and real-time combustion monitoring are also gaining traction.

Moreover, rising energy costs and a need to improve process efficiencies have prompted industries to invest in high turndown burners featuring multi-fuel capabilities. Dual fuel and tri-fuel burners allow users flexibility to switch between alternate fuels based on operational requirements and market availability which enhances energy security. The capability to smoothly modulate flame over a wide turndown range helps optimize fuel-air.

For instance, in July 2021, Tenova unveiled its latest burners designed for heat treatment furnaces. These burners utilize a maximum of 100% hydrogen while significantly reducing NOx emissions to meet strict regulatory standards. This innovation reflects Tenova's commitment to spearheading the transition towards decarbonized industrial production.