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According to the new market research report "Industrial Burner Market by Type (Regenerative, High Thermal, Radiant, Direct-Fired), Fuel Type (Oil, Gas, Dual, Solid), End Use (F&B, Petrochemical, Power, Chemical, Metals & Mining), Operating Temperature, Automation, Region - Global Forecast to 2027", is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027. Increasing power generation worldwide coupled with the surging adoption of dual-fuel industrial burners to lower the imprint of depleting fossil fuels is fueling demand for industrial burners. The increasing use of biofuels, hazardous waste, and hydrogen-based industrial burners creates numerous opportunities for industrial burner manufacturers.

The report Industrial Burner Market is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027. Increasing power generation worldwide coupled with the surging adoption of dual-fuel industrial burners to lower the imprint of depleting fossil fuels is fueling demand for industrial burners. The increasing use of biofuels, hazardous waste, and hydrogen-based industrial burners creates numerous opportunities for industrial burner manufacturers.

The growing demand for cleaner fuels is one of the major factors driving the biofuels market. Global biofuel demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. According to Statistical Review of World Energy 2022, the total global consumption of biofuel in 2021 was 1,837 thousand barrels of oil equivalent per day. Governments of various countries across the world are focused on reducing greenhouse emissions. With the help of biofuel, greenhouse emissions can be reduced by up to 65%. Expansion of the biofuel business will result in increased employment opportunities, ensuring the stability of an economy. The demand for suitable biofuel crops, as a result of biofuel production, will support the agricultural industry. Many governments have implemented policies to promote the use of biofuels, such as blending mandates and tax credits. These policies have helped create a demand for biofuels and drive down costs. Governments worldwide have implemented a number of favorable policies to promote the use of biofuels. The high depletion of fossil fuels presents promising opportunities for the biofuel market. However, the risks associated with high initial investment for setting up biorefineries and uncertain global economic conditions have hindered the growth of the market in recent years and are expected to restrain the market's growth during the forecast period.

The world is running out of fossil fuel reserves fast and with the effects of climate change already showing, we've less than ten years to limit our carbon emissions. The need is to switch to clean and renewable sources of energy for a future which is not marred by climate change and its related anomalies.

According to a research report "Sustainable Fuel Market by Type (Renewable Fuels, Low Carbon Fossil Fuels), Fuel Type (Biofuels, E-Fuels, Hydrogen, Biomethane, CNG), End User (Road transportation, Marine, Aviation), State (Liquid, Gas) and Region - Global Forecast to 2029", the global Sustainable Fuel Market is projected to reach USD 299.9 billion by 2029 from an estimated USD 193.8 billion in 2024, at a CAGR of 9.1% during the forecast period.

Exxon believes that cars with a mix between petroleum and battery power will continue to dominate over battery powered vehicles alone. By 2040, it expects 1 of every 2 cars to be a hybrid.

SaviCorp's DynoValve could be a strategic addition to the global fight for cleaner air. The current movement is being strangled by high prices and a tight economy giving affordable and money saving green products a leg up.

With gas prices on the rise to near $5 a gallon nationwide, what industries aside from the obvious are benefiting from consumers paying more at the pump?

Despite being touted as the best way to clean up dirty fossil fuels, commercial deployment of carbon capture storage (CCS) in the power industry has been near non-existent. Now, for the first time ever, a coal-fired power plant is being retrofitted with CCS.

With the UK going coal-free for a record-breaking 90 hours over the weekend, energy sources such as solar and onshore wind now play a key role in generating electricity. However, with the urgent need for new energy sources to replace the 60% of the electricity produced worldwide by fossil fuel combustion, it has become necessary to look further afield to alternative energy sources.

Most means of human transportation on our planet could soon be electronically driven. A new term for this phenomenon is electro-mobility. In a nutshell, any form of vehicle that can be powered through electrical means can potentially be labelled as e-mobility.