Burner Management System Market Will Reach US$ 9.63 Bn by 2030

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The global burner management system market size is expected to be worth around US$ 9.63 billion by 2030, according to a new report by Vision Research Reports.

The global burner management system market size was valued at US$ 7.05 billion in 2020 and is anticipated to grow at a CAGR of 8.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size USD 9.63 billion by 2030
Growth Rate CAGR of 8.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Platform, Fuel Type, End-Use, Component, System Size, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Siemens, Emerson Electric Co., Schneider Electric, ABB, Rockwell Automation, Inc., and Honeywell

Growth Factors

 This growth can be attributed to the rapid rate of industrial development worldwide, coupled with the need to improve plant uptime and ensure regulatory compliance. Rise in regulations concerning employee safety at workplace is also expected to drive the adoption of burner management systems globally. A typical BMS is responsible for the safe start-up, shutdown, and operation of a boiler.

The growing rate of development of the industrial sector worldwide is expected to drive the applications of BMS in boiler processes. The rise in government regulations and legislations supporting the installation of safety systems have increased the installation of BMS in new as well as existing fired equipment.

By Platform Analysis

In terms of platform, the report segments the market for BMS into a Distributed Control System (DCS), and Programmable Logic Controller (PLC). The PLC segment dominated the market in 2018 and is anticipated to retain its dominance over the forecast period.

The market for the distributed control system BMS platform segment is expected to register the fastest CAGR over the forecast period. This can be attributed to a wide application base of DCS burner management system platform spanning several industries such as chemicals, water & wastewater, power generation, oil and gas, pharmaceuticals, and paper and pulp.

By Fuel Type Analysis

Based on fuel type, the market for burner management systems has been segmented into oil, gas, and others. Presently, BMS for gas-powered burners witness higher demand across several industries as they are environmentally friendly as compared to oil and coal-powered ones.

the gas segment accounted for over 50% share of the overall market. The segment is expected to dominate the global market for the burner management system over the forecast period.

By End-Use Analysis

Based on end-use, the burner management system market has been segmented into oil & gas, power, chemical, pharmaceutical, and others. The oil & gas segment dominated the market in 2020. Various applications in the oil and gas sector, such as heaters, line heaters, dehydrators, separators, and re-boilers, require burner (heat) and BMS to facilitate the proper functioning of the equipment.

Several industry verticals have faced major accidents involving fired equipment in the past. However, with the proliferation in burner management technology and the adoption of enhanced engineering practices, the rate of such accidents has reduced significantly.

By Component Analysis

The two key components of a typical BMS analyzed in the study include hardware and software. The hardware segment is estimated to emerge as the largest revenue-generating segment over the forecast period. The segment comprises flame detectors, actuators & controllers, shut-off valves, ignition units, and alarms & shutdowns.

The software segment is projected to register the highest CAGR of nearly 7% over the forecast period. Typically a BMS is provided with an independent logic solving hardware, separate power supplies, and independent input/output systems.

By Application Analysis

In terms of application, the report segments the market for the burner management system into single-burner and multiple-burner. BMS for a single-burner with a single fuel is generally a simple system equipped with monitoring and control functions.

The increasing complexity of the multiple-burner environment is expected to create the demand for safety systems over the forecast period. Multiple-burners systems are typically used in dryers, incinerators, and in almost all chemical heating applications.

By System Size Analysis

Based on technology, the market for burner management systems has been categorized into small, medium, and large systems. Small burner management systems support an I/O range of approximately 20-50 I/Os, medium burner management systems support an I/O range of approximately 50-100 I/Os, and large burner management systems support an I/O range of approximately 100-200 I/Os.

The market for the large burner management system segment is expected to register the highest CAGR of nearly 7% over the forecast period.

By Regional Analysis

The North American regional market is expected to remain the leading contributor to the market for the burner management system over the next six years. Steady growth in the regional oil & gas industry, coupled with the high technology adoption rate, is expected to drive the regional market over the forecast period.

The Middle East & Africa regional market for the burner management system is likely to witness the fastest growth over the forecast period.

Key Players

Siemens, Emerson Electric Co., Schneider Electric, ABB, Rockwell Automation, Inc., and Honeywell

Market Segmentation

  • Platform
    • Distributed Control System (DCS)
    • Programmable Logic Controller (PLC)
  • Fuel Type
    • Oil
    • Gas
    • Others
  • End-Use
    • Oil & Gas
    • Power
    • Chemical
    • Pharmaceutical
    • Others
  • Component
    • Hardware
      • Actuators & Controllers
      • Flame Detectors
      • Shut-Off Valves
      • Ignition Units
      • Alarms & Shutdowns
    • Software
  • System Size
    • Small
    • Medium
    • Large
  • Application
    • Single-Burner
    • Multiple-Burner
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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