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 USD 6.85 Billion in 2032 from USD 3.73 Billion 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) | USD 6.85 Billion |
| Marine Boiler Burner Market Size (2020) | USD 3.73 Billion |
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.
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.
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.
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.
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.
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.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 5.2% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 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 | USA, Canada, Mexico, Germany, UK, 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. |
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.
Explore Similar Insights
Marine Boiler Burner Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
