Market Research Report
Burner Management System - Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||947025|
|Published||Content info||160 Pages
Delivery time: 2-3 business days
|Burner Management System - Global Market Outlook (2019-2027)|
|Published: July 1, 2020||Content info: 160 Pages||
According to Stratistics MRC, the Global Burner Management System Market is accounted for $5.46 billion in 2019 and is expected to reach $10.18 billion by 2027 growing at a CAGR of 8.1% during the forecast period. Increasing rate of advancement in the industrial sector across the globe and usage of these systems in wide range of end-use industries such as chemicals, oil & gas etc., are the major factors driving the market growth. However, its less flexible nature is restraining the market growth.
Burner Management System is a safety solution for power generation facilities that enables the safe start-up, operation, and shut down of the multiple-burner furnace section of a boiler. It reduces maintenance, improves up-time, and provides a safe environment for the boiler and plant personnel.
Based on platform, the Programmable Logic Controller (PLC) segment is likely to have a huge demand as it has faster response time so it is used for performing firing control & safety shutdown and is popular among various industries. By geography, North America is going to have a lucrative growth during the forecast period due to steady growth in the regional oil & gas industry, coupled with the high technology adoption rate.
Some of the key players profiled in the Burner Management System Market include ABB, ACL Manufacturing Inc, Babcock & Wilcox Enterprises Inc, Born Inc, Cimarron Energy INC, Combustex Corp, Doosan Babcock, Emerson Electric Co, Forney Corporation, Honeywell, Pilz GmbH & Co KG, Rockwell Automation Inc, Schneider Electric, Siemens, Tundra Process Solutions and Zeeco Inc.
System Sizes Covered:
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End Users Covered:
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.