According to our latest market study on “Burner management systems Market” are becoming more widely used in various industries to improve plant operations by assuring reliable and safe burner operations, lowering maintenance costs, improving safety, and providing a safer work environment for all oil & gas plants operators. The BMS monitors the process for harmful situations while regulating the combustion unit’s safe light-off, start up, and shutdown. The system must be correctly designed and work well throughout the equipment’s lifecycle to protect people and the plant. Thus, the factor mentioned above is driving the market growth.
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List Of TOP KEY PLAYERS in Burner Management System Market Report are –
Profile Energy Inc., ACL Manufacturing Inc., Surefire, Cimarron and Platinum. – Prominent Market Participants in Burner Management System Market
Market Overview:
Moreover, the installation of a BMS in existing and new heaters has become a necessity due to rising government legislation and regulations and an increase in lawsuits for accidents. As a result, there has been a rise in demand for burner management systems in the US. Burner management systems in North America have traditionally been designed using the prescriptive requirements contained in codes and standards such as NFPA 85 (Boiler and Combustion Systems Hazard Code), NFPA 86 (Standard for Ovens and Furnaces), NFPA 87 (Recommended Practice for Fluid Heaters), or API 556 (Boiler and Combustion Systems Safety Code) and others. These documents cover the number and types of sensors and valves needed and the logic required to trip the device as necessary safely. Thus, the factor mentioned above is driving the market growth.
The oil & gas industry in the US employs about 880,000 people and provides roughly US$ 1.5 trillion to the country’s gross domestic product, which has been boosted by shale output. In 2019, oil & gas production reached new highs, with natural gas output over 100,000 million cubic feet per day and crude oil production reaching 12,000,000 barrels per day.
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Burner Management System Market : Segments
According to the US Energy Information Administration’s 2019 reference case, the US will become a major natural gas exporter, with Liquefied Natural Gas (LNG) exports driving much growth. Despite the current state of the LNG market, US producers are likely to stay competitive. The US is also the world’s biggest refiner, importer, and exporter of petroleum products. Furthermore, the US produces more natural gas than any other country and is expected to enter the top three exporters of liquefied natural gas shortly. Thus, the growth in the oil & gas industry in the US will also lead to the development of the burner management system in the country as they are widely used in the oil & gas industry.
The global burner management system market is segmented on the basis of material, type, distribution channel. On the basis of material, the market is segmented as aluminum, steel, carbon fiber, titanium, others. On the basis of type, the market is segmented as mountain, hybrid, road, others. On the basis of distribution channel, the market is segmented as online, offline.
The top five companies in the market are Profire Energy Inc., ACL Manufacturing Inc., Surefire, Cimarron and Platinum. The above listing of key players is derived by considering multiple factors such as overall revenue, current full body scanner portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities
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With tables and figures, helping analyze worldwide Global Burner Management System Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.
Major Table Of Contents:
- Introduction
- Key Takeaways
- Research Methodology
- Market Landscape
- Key Market Dynamics
- Burner Management System Market – Global Market Analysis
- Global Burner Management System Market Analysis – By Technology
- Global Burner Management System Market Analysis – By End User
- Burner Management System Market – Geographic Analysis
- Industry Landscape
- Company Profiles
- Appendix
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