Fuel Oil Burner Market Analysis, Manufacturers: Garner Insights 2021-2031

 

Fuel Oil Burner Market: Introduction

An oil burner is a heating device which burns heating oils, diesel fuel, or other similar fuels. An oil burner is a part attached to an oil furnace, water heater, or boiler. It provides the ignition of heating oil/biodiesel fuel used to heat either air or water via a heat exchanger. The fuel is atomized into a fine spray usually by forcing it under pressure through a nozzle that gives the resulting flame a flow rate, angle of spray, and pattern. This spray is usually ignited by an electric spark with the air being forced through around it at the end of a blast tube, by a fan driven by the oil burner motor. The fuel pump is typically driven via a coupling connecting its shaft to that of the motors. Oil burners also include combustion-proving devices to prevent out-of-control combustion.

Key Drivers of the Fuel Oil Burner Market

Fuel oil burners are utilized in various industries including automotive, food processing, and chemicals. Most industries use fuel oil burners during the manufacturing process. It is essential for manufacturers to carry out periodic repair of fuel oil burners in order to prevent breakdowns in operations and unnecessary failures. Extensive utilization of burner management systems (BMS) in industries is projected to boost the global fuel oil burner market during the forecast period.

Advance technology creating opportunities in the fuel oil burner market

A new gaseous fuel combustion technology is designed to decrease environmental emissions of nitrogen oxide (NOx), a highly regulated pollutant in industrial applications. The technology has been successfully implemented in Once-Through Steam Generators (OTSGs) in Enhanced Oil Recovery (EOR) applications, and more recently in refinery process heaters. The technology integrates several NOx reduction techniques to deliver extremely low NOx emission levels. Other benefits provided by the technology are enhanced CO oxidation, better radiation heat transfer, noise reduction etc. These factors create new opportunities for the fuel oil burner market.

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High production cost a restraint for the fuel oil burner market

Increased production expense is likely to limit the growth of the global fuel oil burner market in the future. Further, changes in material cost are also expected to hamper the market. The considerably long life of about 10 to 15 years of the fuel oil burner is also a hindrance to the market, as the long life hampers demand. These factors may hamper the growth of the fuel oil burner market.

Asia Pacific the dominant market

China and Japan are the dominant countries in the fuel oil burner market. Presence of prominent automobile and steel industries in China and Japan helps to expand the market. Fuel oil burners and boilers are highly preferred in countries that have limited resources of natural gas. Asia Pacific is the leading market for fuel oil burners globally, owing to the presence of prominent automobile and steel industries in the region. Emerging economies in the region are the expanding markets for fuel oil burners where major investments are made in steel industries.

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Key players operating in the global market

Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the fuel oil burner market are:

  • Honeywell International Inc.
  • Ecostar
  • John Zink Company
  • Horn Glass Industry AG
  • Wayne Combustion
  • R.W. Beckett Corp

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