Industrial Burner Market is estimated to reach a global value of US$ 8,411.8 Mn by 2028 end
Verfasser: yogesh on Thursday, 4 April 2019The global report on the industrial burners market estimates the key macroeconomic factors that are projected to drive the growth of the industrial burners market. The report on the industrial burners market also discusses the challenges/restraints that are affecting the global market, along with the potential opportunities and latest trends in the industrial burners market across the value chain.
The global industrial burners market was valued at US$ 4,708.9 Mn in 2013, and is anticipated to have been valued at US$ 5,488.5 Mn at the end of 2018. The industrial burners market is expected to grow at a CAGR of 4.4% between 2018 and 2028, and is estimated to reach a global value of US$ 8,411.8 Mn by 2028 end.
Industrial Burners Market: Segmental Analysis
By burner type segment, the customized (burner boilers) segment is estimated to grow at a considerable compound annual growth rate (CAGR), owing to significant demand from industrial sectors, as well as these burners also being used for boilers to heat water and generate steam. Furthermore, segments such as regenerative burners and thermal radiation are estimated to grow at relatively healthy growth rates over the coming years, due to continuously increasing demand from end-user industries. PMR forecasts that the customized (burner boilers) segment will account for more than 40% value share in the burner type segment throughout the forecast period.