Industrial Burner Market Share, Size, Emerging Trends and Growth to 2020

Technavio Announces the Publication of its Research Report – Global Industrial Burner Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial burner market: Andritz, Foster Wheeler, Limpsfield Combustion Engineering, Maxon, and Mitsubishi Hitachi Power Systems.
Other Prominent Vendors in the market are: Baltur, Coen, Oilon, and Selas.

Commenting on the report, an analyst from Technavio’s team said: “One of the major trends for market growth is the use of renewable fuel oil. With the rising threats of emissions and climate change increasing, companies involved in burner technology are developing low emission oils known as renewable fuel oils (RFOs). RFOs are a carbon-rich liquid fuel derived from biomass that are an ideal replacement for fuel oil in a boiler for heating applications. RFO can be delivered, stored, and pumped to a heating boiler like petroleum fuel oil.”

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According to the report, emergence of burner management systems will be a major key driver for market growth. A burner management system’s main task is to protect boilers from exploding as it guarantees a safe, methodical operating sequence in the start-up and shutdown of fuel fire equipment and to diminish the possibility of errors significantly by following the sequential and secure operating procedure. The emergence of smart systems such as the BMS ensures the safety and security of the equipment as well as that of personnel.

Further, the report states that one of the major challenges for market growth will be the involvement of troublesome retrofitting. With the implementation of progressively stringent NOx regulations around the world, end-users with fired heaters and industrial boilers are compelled to upgrade existing fired equipment to meet these regulations. Both new applications and retrofit projects may need...