Industrial Burner Market Is Estimated To Expand At A CAGR Of 3.0% During The Forecast Period Of 2016 To 2024 The global industrial burner market has been envisaged in a report by Transparency Market Research (TMR) to witness the presence of an expansive pool of industry participants. The competitive landscape could be of a highly intensive nature and demonstrate a significantly fragmented characteristic. The rivalry between key players of the industry has been prognosticated to increase considerably in the coming years because of a greater acquisition of smaller companies, development of existing products, and increasing innovations in the market. As per TMR, the global industrial burner market could expand at a CAGR of 3.0% during the forecast tenure 2016-2024. By the completion of 2024, the market has been anticipated to be worth a US$25.6 bn. In 2015, the market had accumulated revenue of a US$19.6 bn. On the basis of end-user segmentation, the market could see the dominance of petrochemicals with regard to consumption. This segment collected revenue of a US$3.74 bn in 2015. In the same year, North America collected a US$6.3 bn to take the lead in the market. Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=21056 Government Regulations in Favor of Reduced Carbon Footprint Bode Well Developed regions such as North America have been prophesied to contribute to the overall growth of the world industrial burner market because of the availability of a plentitude of natural resources, greater productivity, and sophisticated infrastructure. In the foreseeable future, North America could be dominated by Canada and the U.S. where the latter is an important producer of oil and gas across the globe. Compared to other countries in North America, the U.S. has been predicted to exhibit a larger demand for industrial burner. On the other hand, the low cost of labor and raw materials in emerging regions such as Asia Pacific could help the world industrial burner market to showcase a faster growth in the near future. Furthermore, the rising implementation of several government policies for reducing carbon footprint and noticeable expansion of mining and petrochemicals industries have been foreseen to augment the demand for industrial burner in Asia Pacific. Request For Customization- https://www.transparencymarketresearch.com/sample/sample.php? flag=CR&rep_id=21056 Difficulty in Retrofitting Pushes Possibility of Disappointed Demand in Future Despite the staggering progress of the international industrial burner market, there could be certain challenges to be faced with. These have been envisioned to include the complexity associated with the retrofitting of industrial burners. Nonetheless, the international industrial burner market could make a comeback while riding on the widespread installation of burner management systems (BMS) in sundry industries. The sales of industrial burner have significantly increased in the past few years owing to benefits such as effective protection against the explosion of boilers. Moreover, the growing industrial applications of boilers,
increasing industrialization in emerging nations, and rise in the demand for industrial boilers have been envisaged to up market growth in the coming years. Buy Our Premium Research Report at – https://www.transparencymarketresearch.com/checkout.php?rep_id=21056&ltype=S The information presented in this review is based on a TMR report, titled “Industrial Burner Market (Fuel - Oil-based, Gas-based, and Dual fuel; Automation - Monoblock and Duoblock; Burner - Regenerative Burners, High Velocity Burners, Thermal Radiation, Radiant Burners, Customized (Burner Boilers), Flat Flame Burners, and Line Burners; Operating Temperature - High Temperature (>1400F) and Low Temperature (<1400F); Application - Boilers, Furnace/Ovens/Kiln, and Air Heating/Drying; End User Petrochemicals, Power Generation, Chemicals and Specialty Chemicals, Mining and Mineral, Metal , Pharmaceutical, Glass, Ceramics, Food Processing, Automotive, and Printing and Publishing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” More Trending Reports by Transparency Market Research – Property Tax Services Market : property tax services market is broadly affected by several factors, including increasing awareness about property tax services in commercial & residential sectors. Thus, rising adoption of property tax services in different sectors is propelling the global market for property tax services. EV Platform Market : the proliferating demand for affordable EVs has driven players in the EV platform market to focus on reducing the overall cost of production. Over the years, this has underpinned the need to bring vehicle diversity across battery EVs and hybrid EVs for buses, utility vehicles, and cars. This stridently has increased the popularity of the modular EV platform approach among automakers to produce EVs at scale and meet the rapidly growing demand, notes the study on the EV platform market. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 Sate Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453
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