Burner Management System (BMS) Market

1. With consumers always on the lookout for a variety of burner-based products and services, the large number of local and global manufacturers in the global burner management systems (BMS) market exist along with a plethora of products to fulfill their demands, notes Transparency Market Research in a recent report. Our extensive research suggests that product development is all set to pitch new products towards the consumers, which also is a key strategy being utilized by major players in the global BMS market to clock better sales. From a market share perspective, the competitive landscape is fairly fragmented, with the leading ten players accounting for about 45.0% of the total market share in 2015. Siemens AG, Honeywell International and Alstom are a few top players in the global burner management systems (BMS) market. These companies have managed to outlast most of the other businesses in this industry, and have a firm base of operations. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14204 Based on our studies, the global BMS market had registered a valuation of US$4.58 bn in 2015. We calculated that the market would rise at a CAGR of 5.5%, which would make it attain revenue collections worth US$7.39 bn by the end of the forecast period in 2024. Electricity Segment as a Futuristic Lucrative Avenue So, which product segment in the burner management systems market has been holding an influential position? As per our studies, the oil segment has stayed in a leading position in the past few years.

2. From a geographical perspective, the global burner management systems (BMS) is spread across North America, Asia Pacific, Europe, the Middle East and Africa, and South America. Amongst all these regions, North America registered a top market share of more than one-third of the total market, on the basis of both revenue as well as volume. Another factor that comes into play to make this region a dominant one is the establishment of well-known BMS manufacturing businesses. Emerging Economies to Cause the BMS Market’s Upsurge We all know how nations across the globe are resorting to fast industrialization to bring about economic growth. This is the single-most important factor serving to bring about growth in the global burner management systems (BMS) market. Several companies are setting up shops in countries such as China, India, Korea, Taiwan, and Indonesia, among other emerging economies, in order to tap into their high-growth markets. Investments made by these enterprises in the aforementioned companies is having a positive impact on their markets. However, there are a few restraints in the global burner management systems (BMS) market, which has been significantly affecting its growth. A primary restraint is the reluctance to shift towards the management systems from the manual safety controls. However, the overall awareness about the need to shift towards better automated systems is gradually rising. This is further expected to reduce the negative effects of the restraints on the global burner management systems market. Takeaway pointers:  The oil and gas sector emerged as the leading end-use segment in the burner management systems market in 2015 owing to the increasing demand for energy worldwide.  Asia Pacific is also anticipated to witness significant growth in the burner management systems market through 2024. Key segments of the global burner management systems market: Burner Management System (BMS) Market: By Component  Hardware oActuators and Controllers oFlame Detectors oShut-off Valves oIgnition Units oAlarms and Shutdowns  Software Burner Management System (BMS) Market: By Fuel Type  Oil  Gas  Electricity Burner Management System (BMS) Market: By Application

3.  Boilers  Furnace  Kilns and Ovens Burner Management System (BMS) Market: By End Use  Oil and Gas  Power  Chemicals  Mining, Metal and Mineral  Refining  Water  Specialty Chemicals  Pharmaceutical  Food & Beverages  Glass  Ceramics  Alternate Fuel  Building  Automotive  Printing & Publishing  Others Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=14204 About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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