Industrial Burners: Global Market Size & Share, Application Analysis, Growth Trends, Key Players and Competitive Strategies - Forecast to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Global Industrial Burners Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The global industrial burners market was valued at US$ 18.40 Bn in 2017.The market is expected to exhibit steady growth over the forecast period due to consistently growing power generation sector, primarily backed by the U.S., China and India.The three countries collectively account for nearly 50% of the total electricity generation across the world. China and India, due to factors such as rising number of power generation plants and proliferating industrial sector, are expected to emerge as the most prominent markets for industrial burners in the following years.Additionally, strong anticipated growth in the petrochemicals sector is another important factor expected to drive the industrial burners market growth. However, factors such as requirement of skilled labor and growing inclination towards renewable energy may pose significant challenge for the market. Based on fuel type, the solid fuel and gas-based fuel segments dominate the market, collectively accounting for more than 50% of the total market revenue. With concerns over depleting coal reserves, solid fuel-based segment may witness slower growth over the forecast period. Dual fuel segment is expected to register the highest growth rate during the forecast period, primarily backed by longer operating time offered by these burners.By operating temperature, the market high temperature (more than 14000 F) segment leads the market due to higher application area of these energy levels.
Companies ProfiledALZETA CorporationAndritz AGBloom Engineering Company, Inc.Forbes MarshallLimpsfield Combustion Engineering Ltd.Maxon Corporation (Honeywell International, Inc.)Mitsubishi Hitachi Power Systems, Ltd.Oilon OyOsaka Gas Co., Ltd.QED Combustion, Inc.Selas Heat Technology CompanyWeishaupt GroupWesman Group
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Related Topics:Heat Exchangers and Cooling Towers
INDUSTRY KEYWORD: ENERGY OTHER ENERGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/18/2018 06:20 AM/DISC: 09/18/2018 06:20 AM