Burner Management System Market Expected to Reach $9.9 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Burner Management System Market," The burner management system market size was valued at $5.6 billion in 2022, and is estimated to reach $9.9 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.

A burner management system (BMS) is a safety system that ensures that process burners are started, operated, and shut off safely. A BMS is a control system designed to monitor and control the operation of combustion equipment, such as industrial burners, furnaces, boilers, and other combustion devices. Its primary function is to ensure the safe and efficient operation of these systems by providing automated control and safety features.

The oil & gas industry is one of the major consumers of burner management systems. With the exploration of new oil & gas reserves and the expansion of existing facilities, the demand for burner management systems in this industry is expected to rise. The increasing adoption of automation technologies in various industries has led to the integration of burner management systems with advanced control systems and distributed control systems (DCS). This integration improves overall system efficiency and reduces operational costs.  

While regulatory requirements can drive the adoption of burner management systems, they can also certain pose challenges. Meeting and maintaining compliance with evolving safety standards and regulations can be demanding for organizations. This can result in additional costs and complexities in implementing and operating burner management systems, particularly for industries operating in multiple jurisdictions with varying requirements.

The integration of burner management systems with advanced control systems, such as distributed control systems (DCS) and programmable logic controllers (PLC), offers opportunities for enhanced system integration and operational efficiency. This integration allows for better coordination and control of burner operations, leading to improved overall performance. Developing economies are witnessing rapid industrialization, particularly in sectors such as oil & gas, power generation, and manufacturing. These markets present opportunities for burner management system manufacturers to provide their solutions as new facilities are established or existing ones undergo expansion and modernization.

The burner management system market share is segmented on the basis of platform, fuel, end use, component, application, and region. By platform, it is classified into programmable logic controller and distributed control system. By fuel, it is classified into gas, oil, and others. By end use, it is classified into oil & gas, power, pharmaceutical, chemical, and others. By component, it is classified software and hardware. By application, it is classified into multiple burner and single burner. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the burner management system market report include ABB, Cimarron Energy. INC. Emerson Electric Co., Honeywell International Ino., Schneider Electric SE., Tundra Process Solutions, Pilz GmbH & Co. KG, ACL Manufacturing Inc., Combustex Corp., and Rockwell Automation. Inc.

The report offers a comprehensive analysis of the global burner management system market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the burner management system market growth. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Burner Management System Industry

• The pandemic resulted in lockdowns, travel restrictions, and disruptions in the global supply chains. Many industries, such as oil & gas, manufacturing, and refining, experienced decreased production and operations. This decline in industrial activities led to a reduced demand for burner management systems as companies focused on essential operations and delayed non-essential projects.
• The pandemic caused delays and disruptions in construction projects and industrial installations. Many projects were put on hold or delayed due to supply chain disruptions, labor shortages, and restrictions on on-site work. Therefore, the installation of new burner management systems was delayed, impacting the demand.
• The economic impact of the pandemic led to financial constraints for many businesses. Companies faced revenue losses, reduced budgets, and cost-cutting measures. Capital expenditures, including investments in burner management systems, were often deprioritized or postponed as companies focused on immediate financial stability.

Key Findings of the Study

• Based on platform, the programmable logic controller sub-segment emerged as the global leader in 2022 and is anticipated to be the fastest growing during the forecast period.
• Based on fuel, the gas sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on end use, the oil & gas sub-segment emerged as the global leader in 2022 and the chemical sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on component, the hardware sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on application, the single burner sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on region, the North America market registered the highest market share in 2022 and is projected to maintain its position during the forecast period.
• The repost also provides burner management system market analysis.