Global Industrial Burner Market Analysis & Outlook 2018-2022: Expected to Grow at a CAGR of 5.2% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Global Industrial Burner Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global industrial burner market to grow at a CAGR of 5.2% during the period 2018-2022.
Process industries are increasingly adopting CHP or cogeneration plants to increase fuel efficiency and reduce power bills. Separate plants to produce steam for heating and power generation resulted in significant heat losses in the form of exhaust gases. To improve the energy efficiency, process industries are installing CHP, which in turn will drive the growth of industrial burners during the forecast period.
According to the report, one of the major drivers for this market is the increasing fuel prices and combustion efficiency improvement of industrial burners. To reduce the fuel, energy, and steam generation costs, industrial burner vendors are offering energy efficient products to end-user industries such as pulp and paper, chemicals and petrochemicals, and textiles industry, leading to market growth.
Further, the report states that one of the major factors hindering the growth of this market is the high competition and availability of substitutes. Product differentiation is not possible in this market since several vendors offer similar products. To survive in this highly competitive market, vendors are offering after sales support. Moreover, the availability of substitutes makes the product prices stable, thereby hampering the growth of the market.
Key VendorsANDRITZ Forbes Marshall Honeywell John Zink Hamworthy Combustion S.T. Johnson
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Customer Landscape
8. Market Segmentation by End-User
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendors Analysis
For more information about this report visit https://www.researchandmarkets.com/research/94l6r9/global_industrial?w=4
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Related Topics:Heat Exchangers and Cooling Towers
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 10/09/2018 12:11 PM/DISC: 10/09/2018 12:11 PM