Less mechanical framework, quite operation, and low capital cost are being viewed as key features of almost every industrial burner being sold in the global market. Furthermore, the manufacturing of such burners is becoming cost-effective, which makes them more economical with respect to price-to-power ratio. Adoption of low nitrogen oxide (NOx) combustion technology is expected to further contribute to the growth of the industrial burner market during the forecast period of 2019-2029.
According to PMR’s recent market research study, the industrial burner market is projected to exhibit a CAGR of 4% during the forecast period.
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Key Takeaways of Industrial Burner Market Study
“Periodic maintenance activities and replacement of inefficient industrial burners can help improve combustion performance. Aftersales service is a key winning strategy for market participants, owing to increasing awareness of maintenance activities,” says a PMR analyst.
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Industrial Burner Market : Competitive Landscape
The global industrial burner market is highly fragmented, with tier-1 players accounting for around 35-40% of the share of the global market. Some of the key market players included in the report are Honeywell International, Inc, Inc., Baltur S.p.A., and Forbes Marshall Private Limited. Market participants are investing in R&D activities to develop new products with efficient heat transfer and low-fuel consumption. Moreover, manufacturers are developing customized cost-effective industrial burners to attain the specific requirements of end-use industries, with optimum level of operational efficiency.
Find More Valuable Insights on Industrial Burner Market
PMR, in its new research report, offers an unbiased analysis of the global industrial burner market, presenting historical demand data of 2014-2018 and forecast statistics for 2019-2029. The report reveals insights on the industrial burner market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the industrial burner market value chain. Readers can also find key trends and market growth scenarios based on burner type, burner design, application, fuel type, end-use industry, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA.
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