Industrial Burner Market Revenue is Anticipated to Reach $7.9 Billion in 2027 - MarketWatch - 0 views
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Almira Coyne on 17 May 22According 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.