Frequently Asked Questions
The global industrial burners market was valued at USD 5.8 Billion in 2022.
The industrial burners market is expected to grow at a CAGR of 5.20% between 2023 and 2030, reaching USD 8.3 Billion in 2030.
Dual fuel category is the leading segment by type, holding over 35% share in terms of value in 2022.
The monoblock segment governs the demand for industrial burners in the world, holding a massive share of over 52% in 2022.
The power generation segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the industrial burners industry, with over one-third share in 2022.
The top players include ANDRITZ Group, Baltur S.p.A, Bloom Engineering, Wood Group PLC (Foster Wheeler AG), Honeywell International Inc. (Maxon), Limpsfield Combustion Engineering Ltd, Mitsubishi Hitachi Power Systems, Ltd (MHPS), Oilon Group, Osaka Gas Co., Ltd, Selas Heat Technology Company.
The rising demand for good, dependable, more efficient, and low-emission industrial heating devices by equipment buyers and machinery manufacturers is what is driving the industrial burner market.
Over the course of the forecast period, the development of heating technology-related technologies is also anticipated to drive the growth of the industrial hob market. Manufacturers are using combustion technology more frequently to boost heating effectiveness.