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| Market size in 2024 | US$ 1.23 billion |
Forecast Market size by 2030 | US$ 1.58 billion |
|---|---|---|---|
| Growth Rate | CAGR of 4.3% | Number of Pages | 122 Pages |
The global Industrial Oil Burner market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 1.58 billion by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
The United States Industrial Oil Burner market size was valued at US$ 285.6 million in 2024 and is projected to reach US$ 352.4 million by 2030, at a CAGR of 3.6% during the forecast period 2024-2030.
Industrial Oil Burners are devices designed to efficiently combust oil fuels in industrial heating applications, such as boilers, furnaces, and process heaters, providing high-temperature heat for various manufacturing and processing operations.
The global Industrial Oil Burner market is experiencing moderate growth, influenced by industrial expansion in developing economies, ongoing replacement of aging equipment in developed markets, and the push for energy efficiency. In 2023, global shipments of industrial oil burners reached approximately 285,000 units, with Asia-Pacific accounting for 40% of demand. The manufacturing sector remains the largest consumer, representing 45% of demand, followed by food processing at 20% and chemical industries at 15%. The market saw a boost from the recovery of industrial activities post-pandemic, leading to a 7% increase in replacement and upgrade projects in 2023. Technological advancements have focused on improving combustion efficiency and reducing emissions, with new models offering up to 95% thermal efficiency and NOx emissions below 30 ppm, a 20% improvement over 2020 standards. The market is witnessing growth in low-NOx burners, increasing at 6% annually, driven by stricter air quality regulations in major industrial nations. In 2023, the trend towards fuel flexibility led to a 15% increase in the adoption of dual-fuel burners capable of switching between oil and natural gas. The industry faces challenges from the long-term shift towards cleaner energy sources, but ongoing innovations in biofuel compatibility are helping to maintain relevance. Emerging applications in waste oil utilization are showing promise, with burners designed for recycled oil growing at 8% CAGR, albeit from a small base of 5% market share. Looking ahead, the market is expected to benefit from the integration of IoT and predictive maintenance technologies, with smart, connected burners projected to grow at 12% CAGR through 2030.
Report Overview
This report provides a deep insight into the global Industrial Oil Burner market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Industrial Oil Burner Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Industrial Oil Burner market in any manner.
Global Industrial Oil Burner Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Riello
Weishaupt
Ariston Thermo
Honeywell
JOHN ZINK
Bentone
IBS
Baltur
Oilon Group
OLYMPIA
Selas Heat
Market Segmentation (by Type)
under 1 M BTU/HR
1 M-10 M BTU/HR
10 M-20 M BTU/HR
20 M-30 M BTU/HR
above 50 M BTU/HR
Market Segmentation (by Application)
Food Processing Industry
Petrochemical Industry
Pulp & Paper Industry
Power Generation Industry
Others
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Industrial Oil Burner Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 1.23 billion |
| Forecast Market size by 2030 | US$ 1.58 billion |
| Growth Rate | CAGR of 4.3% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 122 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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