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Marine Boiler Burner Market

Marine Boiler Burner Market By Type (Single Block, Double Block), Fuel Type (Gas Burner, Oil Burner, Dual Fuel Burner), Capacity (Less than 1 MW, 1-10 MW, 10-20 MW, 20-30 MW, 30-40 MW, More than 40 MW), Vessel Type & Region - Forecast 2022-2032

Market Insights on Marine Boiler Burner covering sales outlook, demand forecast & up-to-date key trends

Marine Boiler Burner Market Overview

The marine boiler burner market is likely to register a CAGR of 5.2% during the forecast period, and is anticipated to reach a market share of US$ 6.85 Bn in 2032 from US$ 3.73 Bn in 2020, owing to the increasing automation in boiler fuel burning technology, such as artificial intelligence (AI).

Attributes

Details

Marine Boiler Burner Market CAGR

5.2%

Marine Boiler Burner Market Size (2032)

US$ 6.85 Bn

Marine Boiler Burner Market Size (2020)

US$ 3.73 Bn

More environmentally friendly marine boiler burners are being produced as a result of increasing automation in boiler fuel burning technology, such as artificial intelligence (AI), machine learning, big data, and the Internet of Things (IoT), which is expected to boost the overall value, volume, and sales of marine boiler burner in the coming years.

Increased demand for marine boilers as a result of the developing economy and industrialization is projected to drive the marine boilers burner market. The low emission norms for ships and increasing demand in the cruise industry, which is expected to boost the sales of marine boiler burner.

Moreover, throughout the forecast period, supporting government initiatives and industrial growth in Asia Pacific are likely to fuel the growth of the marine boiler burner market, and further positively contribute to the marine boiler burner market share.

Furthermore, in order to efficiently burn fuel, most marine boiler burner manufacturers are focusing on improving the fuel-to-air ratio, fuel delivery, and thermal load ratios, which is projected to improve sales of marine boiler burners.

What are the Factors Proliferating the Growth of the Marine Boiler Burner Market?

Over the projected period, the demand for marine boiler burner is expected to be driven by an increase in vessel fleet and technological advancements in the gas recirculation system. Low-noise marine boiler burners are becoming increasingly popular, which is encouraging the sales of marine boiler burner.

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What is Obstructing the Growth of the Marine Boiler Burner Market? 

Regardless of its benefits, single block marine boiler burners are less efficient than double block burners, which stifles the global growth of the marine boiler burner market throughout the assessment period.

What are Effective Opportunities in the Marine Boiler Burner Market?

In comparison to other heating and burning equipment used in marine applications, boiler burners are comparatively simple to install, which encourages the demand for marine boiler burner. Even for large-scale manufacturers with a flexible expense threshold, their upkeep remains low-budget.

Furthermore, new products being developed in the global marine boiler burner market are getting more compact, and improve the sales of marine boiler burners and are expected to provide a positive outlook to the market during the forecast period.

Nikhil Kaitwade
Principal Consultant
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Which is the Key Region in the Marine Boiler Burner Market?

Due to increased marine trade operations, Western Europe is likely to gain a significant marine boiler burner market share of the worldwide marine boiler burner market.

Latin America is also expected to develop at a substantial rate due to the significant number of commodities delivered via the internet, which in turn is increasing the demand for carriers of vessels, which encourages the sales of marine boiler burners during the forecast period.

Due to an increase in the numbers of oil tankers and offshore vessels, the Middle East and Africa area is expected to develop a positive demand for marine boiler burner throughout the forecast period, making it a key marine boiler burner market growth engine in the region.

How Does the Competition Intensify in the Marine Boiler Burner Market?

Some of the leading key players in the marine boiler burner market are Weishaupt Group, SAACKE Group, Volcano Co., Ltd., Oilon Group Oy, Burner Automation Rotterdam, Filter AS, CO.,LTD, and Zeeco, Inc., which are all contributing to the expansion of the marine boiler burner market share.

  • Aalborg boiler technology, which includes dual-fuel boilers that utilize modern LNG fuel for propulsion, was released by Alfa Laval in October 2019. This would result in less emissions as compared to typical low-sulfur fuels. This will open up new markets for LNG in the demand for marine boiler burners, supporting market growth.
  • Burners with low noise emission characteristics have been added to the product lines of important industry participants to promote the sales of marine boiler burner. Almost every marine boiler burner available on the global market boasts benefits such as ease of installation, low noise, and a minimal mechanical framework.
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Scope of Report

Report Attribute

Details

Growth rate

CAGR of 5.2% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product type, fuel type, capacity, vessel type, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Weishaupt Group, SAACKE Group, Volcano Co., Ltd., Oilon Group Oy, Burner Automation Rotterdam, Filter AS, CO.,LTD., Zeeco, Inc.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The marine boiler burner market is anticipated to register a CAGR of 5.2% during the forecast period.

The marine boiler burner market share is anticipated to reach US$ 6.85 Bn in 2032.

Demand for marine boiler burner is likely to rise due to increasing automation in boiler fuel burning technology.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Find your sweet spots for generating winning opportunities in this market.

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Marine Boiler Burner Market