Market – High Power Industrial Burners Market
Market Value – US$ 1.4 Bn in 2021
Market CAGR Value – 4.1% in 2021 – 2031
Market Forecast Year – 2021 to 2031
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This report provides in depth study of SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The High Power Industrial Burners Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
As per Persistence Market Research analysis, the global high power industrial burners market is projected to be valued at around US$ 1.4 Bn in 2021, expanding at a CAGR of 4.1% over the forecast period of 2021-2031. Compact design, quite operation, coupled with low capital cost are the prime reasons adding to extensive use of high power industrial burners.
The ongoing crisis caused by the COVID-19 pandemic has resulted in disruption of supply chain networks and manufacturing activities. Although sales of high power industrial burners is understood to have plummeted during the initial stages of the pandemic, with regional manufacturing sector operations reviving toward threshold rates, the market is expected to recover sharply over subsequent years.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Honeywell International Inc., Thyssenkrupp, Baltur S.p.A, Andritz AG, Oilon Group Oy, ELCO Burners, SAACKE GmbH, ALFA Laval AB, Tenova S.p.A, Weishaupt Group, and ZEECO Inc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the High Power Industrial Burners.
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Key Takeaways from Market Study
- 1 to 5 MW high power industrial burners are anticipated to observe prominent share (volume basis) owing to enhanced application in the industrial sector coupled with custom offerings by OEMs.
- High velocity burners are being adopted extensively, thanks to their low NOx emission and high flame stability. These burners are anticipated to cross the 20% share mark by 2031 on a volume basis.
- From a manufacturing stance, a handful of high power industrial burner manufacturers may focus on adopting composite and hybrid raw materials, as their efficacy in diverse application environments remains to be tested.
- On the basis of end use, the oil & gas industry is expected to create significant opportunity for high power industrial burner suppliers over the coming years.
- Europe is currently one of the fastest-growing markets and is anticipated to observe rapid rise in industrial automation. Additionally, implementation of Industry 4.0 norms will provide lucrative opportunities for high power industrial burner manufacturers.
“Oil & gas coupled with waste incineration will prove to be lucrative end-use markets for suppliers of high power industrial burners, where robust aftersales service is one of the key success strategies followed by industry participants,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
High Power Industrial Burners Market Manufacturers
High Power Industrial Burners Market Distributors/Traders/Wholesalers
High Power Industrial Burners Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the High Power Industrial Burners Market Report:
· The High Power Industrial Burners Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
· The report dives deeper into the market and explains the dynamic factors bolstering market growth.
· The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
· The report analyzes the High Power Industrial Burners Market presence across major regions of the world.
· It determines the production & consumption capacities and demand & supply dynamics of each regional market.
· The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
· It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
· What will the Market growth rate in Future?
· What are the key factors driving the global Market?
· Who are the key manufacturers in Market space?
· What are the opportunities and threats faced by the vendors in the global industry?
· What are sales, revenue, and price analysis by regions of industry?
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