Due to increased automation in boiler fuel burning technologies, such as artificial intelligence, the marine boiler burner market is expected to grow at a CAGR of 5.2% during the forecast period, reaching a market share of US$ 6.85 Billion in 2032 from US$ 3.73 Billion in 2020.
According to a recent survey published by FMI, the global Marine Boiler Burner market is expected to grow at a healthy CAGR during the forecast period between 2022 and 2032. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Marine Boiler Burner over the coming decade.
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
Manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others, with the arrival of Industry 4.0. This is expected to lead to profitable growth opportunities in the Crude Heate business.
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With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This will generate lucrative growth prospects in the Marine Boiler Burner market.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the coming years.
Key Marine Boiler Burner Market Takeaways and Projections
- The U.S. is estimated dominate the Marine Boiler Burner market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2022 and 2032
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Marine Boiler Burner Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Marine Boiler Burner Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Marine Boiler Burner market. As per the survey, Marine Boiler Burner sales will project steady growth over the forecast period.
- Marine Boiler Burner Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Marine Boiler Burner.
- Marine Boiler Burner Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Key companies profiled:
- Weishaupt Group
- SAACKE Group
- Volcano Co., Ltd.
- Oilon Group Oy
- Burner Automation Rotterdam
- Filter AS, CO.,LTD.
- Zeeco, Inc.
Country scope:
U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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