The Industrial Burner Market is estimated to be valued at USD 8.72 Bn in 2024, exhibiting a CAGR of 4.5% over the forecast period (2024-2031). Furthermore, there has been a significant rise in the demand for industrial burners from various end-use industries like oil & gas, petrochemicals, power generation, and chemicals among others.
Market Dynamics:
Burners are extensively used across various industrial processes like heating, drying, and waste treatment. Growing industrial activities around the world has significantly fueled the demand for burners. Moreover, the optimization of industrial processes has further propelled burner installations. Stringent regulations regarding energy efficiency and emissions are enforced by various regulatory bodies globally. This has compelled industries to adopt energy-efficient burners to reduce fuel consumption and carbon footprint. Burners with integrated modulating controls and low-NOx technologies help industries lower emissions and optimize energy usage. Several government initiatives to track and promote energy efficiency have also boosted the adoption of high-performance industrial burners.
Market Drivers
Growing Energy Demand is Driving Growth in the Industrial Burner Market
The increasing demand for energy across various industrial sectors such as oil & gas, chemicals, petrochemicals, manufacturing, and mining is a major driver for the industrial burner market. Burners are widely used in these industries for heating applications such as process heating equipment, steam generators, furnaces, kilns and ovens. As industries expand their production capacities to meet the rising global demand for various products and commodities, their energy consumption is also rising significantly. This growing energy demand from industrial sectors is directly translating into higher demand for burners that can efficiently deliver the heat energy required for different industrial processes. Various projections estimate that the global energy demand will grow by about 50% by 2050 driven primarily by developing economies. This huge growth in energy consumption will necessitate the installation of newer and more efficient burners, thus driving strong growth of the industrial burner market.
Stringent Emission Norms are Pushing Demand for Low-emission Burners
Governments across major countries have implemented stringent environmental regulations targeting the reduction of industrial emissions. Burning of fossil fuels leads to emissions of carbon dioxide and other greenhouse gases that are major contributors to climate change. It also results in the release of harmful pollutants like nitrogen oxides, carbon monoxide, and particulate matter. The growing environmental concerns have led regulatory authorities to impose stricter emission standards on industries. Companies are now required to limit their greenhouse gas emissions and install burners that emit fewer pollutants. This is boosting the demand for low-emission burners that comply with the new standards. Burner manufacturers are innovating to develop products with better combustion efficiency and ability to achieve near-zero emissions. Transition to clean burning technologies will remain a key market driver in the coming years.
Market Restraints
Price Volatility of Fossil Fuels acts as a Restraint
Fossil fuels like natural gas, oil, and coal are major fuels used in industrial burners. However, their price volatility in the international markets poses a notable challenge. Uncertainties around fuel supply and price fluctuations make it difficult for industries to plan their energy budgets and manage operating costs. At times of high fuel prices, companies try to minimize their energy bills by reducing fuel consumption or relying more on alternative fuels. This negatively impacts the burner replacement rates. It also discourages capital heavy investments in newer high-efficiency burners. Fuel price instability, therefore, works as a major restraint on the industry burner market growth, especially in price-sensitive end-use sectors.
Lack of Awareness about Benefits of Smart Burners hinders Adoption
Traditionally, burner selection was based more on simple construction and fuel compatibility rather than operational efficiency. However, today's digitalization is enabling development of intelligent "smart burners" with integrated sensors, controls and data communication capabilities. While smart burners delivering higher efficiency and lower emissions are increasingly available, many small-scale industries still have low awareness about their functional advantages. Limited expertise also exists on digitally managing combustion and integrating smart burners with existing plant automation systems. This lack of technical know-how and buyer education poses an important barrier particularly in developing markets where the burner replacement need is rising. Absence of awareness campaigns by manufacturers further restrains the sales potential of advanced smart burners.
Market Opportunities
Growing Investments in Energy Efficiency Modernization
With continuous rise in energy costs and focus on reducing carbon footprint, industries are making significant investments to upgrade their existing heating equipment and processes with more efficient alternatives. This spurt in energy efficiency modernization programs is a major market opportunity for industrial burner manufacturers and system integrators. Several industrial plants are replacing their conventional burner systems that are decades old with new high-efficiency low-emission models. Governments in different countries provide financial incentives and subsidies for industrial energy audits and recommended efficiency improvement projects. These supportive initiatives are encouraging wider adoption of high-performance burner systems and smart combustion technologies among factory owners.
Increasing Shift Towards Alternative Fuels
Availability of abundant natural gas reserves through new exploration technologies has boosted its use as an alternate industrial fuel. Many large burner applications are transitioning from traditional coal and oil to cleaner natural gas. Biomass is another renewable fuel finding increasing utilization in industrial heating through specially designed burners. Waste heat recovery and use of exhaust gases is also emerging as an attractive opportunity to displace primary fuel consumption. Industrial burner vendors are actively investing in R&D to widen the fuel compatibility of their products. Offering flex-fuel or multi-fuel burner systems supports the ongoing shift towards greener fuels across process industries. It allows seamless balancing of primary and secondary fuel usage. This presents a major market expansion opportunity for burner manufacturers.
Link - https://www.coherentmarketinsights.com/market-insight/industrial-burner-market-3713
Key Market Developments:
- In August 2023, Fives S.A.S., a France-based industrial machinery manufacturer, introduced the Hy-Ductflam, a duct burner powered entirely by hydrogen. With emissions of zero carbon during hydrogen combustion, this advancement facilitates seamless integration into new setups or as a substitute for conventional duct burners with minimal adjustments required.
- In September 2022, Ariston Holding N.V. revealed the purchase of CENTROTEC Climate Systems GmbH, a prominent provider of heating, ventilation, air-handling, and combined heat & power solutions
- In October 2021, E&M Combustion, a company headquartered in Spain specializing in innovative combustion technologies and the production of industrial burners, unveiled a prototype hydrogen burner. This burner is specifically engineered for district heating systems, intended to heat extensive areas and structures, and has the capability to operate on either pure hydrogen or a blend of hydrogen and natural gas.
Key Market Players:
Key companies covered as a part of this study include ANDRITZ Group , ALZETA Corporation , Ariston Group N.V. , Baltur S.p.A. , Bloom Engineering Inc. , C.I.B. Unigas S.p.A. , Faber Burner Company , Fives , Honeywell International Inc. , John Zink Hamworthy Combustion , Limpsfield Combustion Engineering Ltd. , MFBurners , NIBE Industrier AB , Oilon Group Oy , Riello S.p.A. , SAACKE GmbH , Selas Heat Technology Company , Weishaupt GmbH , Zeeco Inc. are the major players.
