Market Research Report
Marine Boiler Burner Market with COVID-19 Impact Analysis, By Product Type, By Fuel Type, By Capacity, By Vessel Type, and By Region - Size, Share, & Forecast from 2021-2027
|Marine Boiler Burner Market with COVID-19 Impact Analysis, By Product Type, By Fuel Type, By Capacity, By Vessel Type, and By Region - Size, Share, & Forecast from 2021-2027|
Published: June 1, 2021
AnalystView Market Insights
Content info: 366 Pages
Delivery time: 2-3 business days
The global marine boiler burner market was valued at USD XX billion by 2019, growing with 3.3% CAGR during the forecast period, 2021-2027.
A Marine boiler burner is used to break the oil into fine droplets through which atomize the fuel in the correct manner to achieve efficient combustion. The rising vessel fleet coupled with technological advancement in the gas recirculation system will fuel the growth of the marine boiler burner market during the forecast period. Moreover, the manufacturers come with new technologies to create innovative products or to improve the efficiency such as fuel-to-air ratio, fuel distribution, and thermal load ratios in order to efficiently fuel burning which is, in turn, to reciprocate the growth of the potential market to a great extent.
In addition, Low noise levels, easy installation, and less mechanical systems are the key drivers to support the growth of the global marine boiler burner market during the forecast period. Moreover, assembling of such marine evaporator burners is getting to be financially savvy, which makes them increasingly conservative concerning cost to-control proportion. However, a single square marine kettle burner is moderately low-productive when compared with a double block burner. This might be hampering the growth of the marine boiler burner market in the near future.
Regionally, Europe is expected to grow with a significant market share during the forecast period owing to increasing marine trade activities. Latin America is also predicted to grow at a substantial rate during the forecast period due to the significant amount of goods transported online which in turn rising the need for carriers of vessels in indirect fills the sales of the marine boiler burner market in the region.
Besides, the Middle East &Africa region is anticipated to grow with an addressable growth rate in the global marine boiler burner market during the forecast period. This is attributed to increase in the figures for oil tankers and offshore vessels, which will support the growth of marine boiler burners in the region.
Merger & acquisitions, partnership, consolidation, and product launches are the key strategies adopted by the key players to maximize the market share or to expand the footprint of their operations. Recently, in February 2021, Wartsila signed a collaboration agreement with the Germany-based marine firing plants supplier, SAACKE. This partnership aimed to strengthen the company's offering under shipyards. Likewise, in June 2021, Wallenius and Alfa Laval partnered to form a 50/50 joint venture named - AlfaWall Oceanbird. This collaboration was aimed to supply innovative wind propulsion solutions for cargo vessels.
Key features of the study:
This proposed research study on the Marine Boiler Burner market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Marine Boiler Burner market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Marine Boiler Burner market
Impact of COVID-19 on Marine Boiler Burner market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Marine Boiler Burner market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Marine Boiler Burner market, we have also included competitive landscape and key innovator analysis for the Marine Boiler Burner market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Marine Boiler Burnermarket.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Marine Boiler Burnermarket on global as well as regional level.
The global Marine Boiler Burner market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MARINE BOILER BURNER MARKET KEY PLAYERS
Volcano Co., Ltd.
Oilon Group Oy
Burner Automation Rotterdam
Mitsubishi Heavy Industries
Miura America Co
Osaka Boiler Mfg
Qingdao Kainon Boiler
Kawasaki Heavy Industries
Suzhou Hailu Heavy Industry
Hurst Boiler and Welding
GLOBAL MARINE BOILER BURNER MARKET, BY PRODUCT TYPE
GLOBAL MARINE BOILER BURNER MARKET, BY FUEL TYPE
Dual Fuel Burner
GLOBAL MARINE BOILER BURNER MARKET, BY CAPACITY
Less than 1 MW
More than 40 MW
GLOBAL MARINE BOILER BURNER MARKET, BY VESSEL TYPE
Oil and Chemical Tankers
Mega Yachts and Other Vessels
Passenger Ships and Ferries
GLOBAL MARINE BOILER BURNER MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures