PUBLISHER: KBV Research | PRODUCT CODE: 1621189
PUBLISHER: KBV Research | PRODUCT CODE: 1621189
The Europe Burner Management System Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Burner Management System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $599 million by 2031. The UK market is registering a CAGR of 4.9% during (2024 - 2031). Additionally, The France would witness a CAGR of 6.7% during (2024 - 2031).
Power plants, particularly those using fossil fuels, rely on BMS to control the burners in boilers. This ensures efficient fuel use and compliance with stringent environmental regulations regarding emissions. Chemical manufacturing processes often involve burning burners to heat and process raw materials. BMS in this industry ensures precise temperature control, improving product quality and safety.
BMS is used in food processing ovens, dryers, and other heating equipment. These systems help maintain consistent temperatures, ensuring product quality and safety. BMS are employed in furnaces and kilns for metal melting, heat treatment, and other metallurgical processes. They help in achieving the desired material properties by maintaining controlled heating environments. In this industry, burners are used in various processes, including drying and chemical recovery. BMS helps optimize these processes, reducing energy consumption and improving operational safety.
The rise in industrial automation is another key factor influencing burner management system market in Europe. According to the International Federation of Robotics (IFR), Europe's industrial robot installations reached nearly 72,000 units in 2022, marking a 6% year-on-year increase. Integrating robotics into manufacturing processes enhances productivity, precision, and safety, all essential in sectors like automotive production, pharmaceuticals, and energy. The increasing presence of industrial robots in European manufacturing will likely drive the demand for advanced BMS solutions that integrate seamlessly with automated systems to enhance overall operational efficiency and safety in combustion-related tasks. Thus, the combined growth of the manufacturing sector and the rise of industrial robotics in Europe create a favorable environment for expanding the market.
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Fuel Type, the market is segmented into Gas, Oil, and Other Fuel Type. Based on Application, the market is segmented into Multiple-Burner and Single-Burner. Based on Industry, the market is segmented into Oil & Gas, Chemical & Petrochemical, Power, Metals & Mining, Food & Beverages, and other Industry. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Burner Management System Market Report Segmentation
By Component
By Fuel Type
By Application
By Industry
By Country