Global Industrial Burner market trends 2024, Forecast To 2033
4 Mar, 2024
The industrial burner market size has experienced robust growth, surging from$5.97 billion in 2023 to$6.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. This growth in the historic period can be attributed to industrial expansions, demands from the energy sector, adherence to stringent emission regulations, transition towards energy-efficient solutions, and expansions in petrochemical and refining industries. Looking ahead, the market is anticipated to continue its strong growth trajectory, reaching$8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth include considerations of safety and reliability, global concerns regarding the environment, demands from food processing and manufacturing sectors. Major trends in the forecast period involve the market's demand for retrofitting and upgrading solutions, a focus on energy efficiency improvements, adoption of low-emission burner technologies, shifts towards alternative fuels, and integration with Industry 4.0 and automation technologies.
Global Industrial Burner Market Key Driver
The increase in demand for industrial cybersecurity solutions and services is expected to propel the industrial cybersecurity market. Industrial Cybersecurity solutions and services are a set of technologies and services aimed at securing every industrial layer while maintaining operational consistency and continuity of industrial processes. The demand for industrial cybersecurity solutions across industries is increasing, as is the demand for advanced solutions such as firewalls, antivirus, and intrusion detection systems, which would drive the growth of the industrial cybersecurity market. For instance, in 2022, according to the Bureau of Labor Statistics report, a US-based government agency, demand for information security analysts would rise by 28%, with an increase of 2.8k jobs. Industrial cybersecurity is expected to create 3.5 million jobs globally by 2025. Therefore, the rising demand for industrial cybersecurity solutions and services is driving the growth of the industrial cybersecurity market. By 2023, the industrial cybersecurity market is valued at $22.5 billion and is projected to surge to $41.2 billion by 2028.
Get A Free Sample Of The Global Industrial Burner Market ReportGlobal Industrial Burner Market Segments
The global industrial cybersecurity market covered in this report is segmented –
1) By Type: Network Security, Endpoint Security, Application Security, Cloud Security
2) By Component: Products, Software, Services
3) By Solutions: Antivirus, Firewall, Ddos, Scada, Other Solutions
4) By End-Use: Energy And Utilities, Transportation Systems, Chemicals And Manufacturing, Other End Users
By Geography: The regions covered in the industrial burner market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the industrial cybersecurity market in 2023. The regions covered in the industrial cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Industrial Burner Industry Players
International Business Machines Corporation, Honeywell International Inc., Asea Brown Boveri Ltd., Schneider Electric SE, Rockwell Automation Inc., CrowdStrike Holdings Inc., Cybereason Inc., SparkCognition Inc., Tessian Ltd., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Darktrace Ltd., Fortinet Inc., Anomali Inc., Vectra AI Inc., FireEye Inc., McAfee Corp., Microsoft Corporation, OneTrust LLC, SkyHigh Security, SonicWall Inc., Splunk Inc., Tanium Inc., Vanta Inc., Broadcom Inc., Mandiant Solutions Inc., Exaud LLC, Kanda Software Inc., Simform LLC, Azumo LLC
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Industrial Burner Market Overview
Industrial cybersecurity refers to an industrial control systems portfolio of technologies and services designed for analysis that helps industries strengthen the cybersecurity of their computer-controlled systems to minimize the risks to a sustainable residual level.
Industrial Burner Global Market Report 2023 provides data on the global industrial burner market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial burner market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.