Burner management system market is anticipated to grow at a CAGR of 5.7% during the forecast period. Burner management systems make companies safe, more efficient, and compliant. It is a hazard control system implemented by operators to ensure the safe start-up, operation, and shutdown of a process heater. Further, it also saves fuel costs, minimizes maintenance, improves uptime, and creates a safe environment for the personnel working near the heater. A burner management system is also a safeguard to prevent process heaters from exploding. The key players are launching innovative burner management system which is driving the market growth. For instance, in January 2020, Cimarron announced the launch of “ARControl Dual,” the most innovative burner management system. It is specifically designed to help oil and gas producers operate equipment with dual burners from a single control box.
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The global burner management system market is segmented based on the component, platform, application, and end-users. Based on components, the market is divided into hardware and software. Based on the platform, the market is bifurcated into the distributed control system and programmable logic controller. Based on the application, the market is sub-segment into the single burner and multiple burners. Based on the end-users, the market is augmented into oil and gas, chemical, pharmaceutical, food and beverages, automotive, and others. The above-mentioned segments can be customized as per the requirements. Based on the platform, the distributed control system is expected to provide a lucrative growth opportunity to the burner management system market due to its several benefits such as production scheduling, preventative maintenance scheduling, and information exchange. Correctly used distributed control systems can improve operational features which results drive the growth of the market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Burner Management System Market Report Segment
By Component
- Hardware
- Software
By Platform
- Distributed Control System
- Programmable Logic Controller
By Application
- Single Burner
- Multiple Burner
By End-Users
- Oil and Gas
- Chemical
- Pharmaceutical
- Food and Beverages
- Automotive
- Others
Global Burner Management System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global burner management system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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