Global Burner Management System (BMS) Market Size, Trends & Growth Opportunity and By Platform (Distributed Control System (DCS) and Programmable Logic Controller (PLC)), By Fuel Type (Oil, Gas, and Others), By End-Use (Oil & Gas, Power, Chemical, Pharma

Global Burner Management System (BMS) Market Size, Trends & Growth Opportunity and By Platform (Distributed Control System (DCS) and Programmable Logic Controller (PLC)), By Fuel Type (Oil, Gas, and Others), By End-Use (Oil & Gas, Power, Chemical, Pharmaceutical, and Others) By Region and Forecast till 2027.

Global Burner Management System (BMS) Market

The Global Burner Management System (BMS) Market is expected to grow from US$ 5.07 Billion in 2021 to US$ 7.98 Billion by 2027; it is estimated to grow at a CAGR of 7.85% from 2021 to 2027.

In power production facilities, a Burner Management System (BMS) is a safety measure that helps ensure the safe start-up, operation, and shutdown of the boiler's multiple-burner furnace section. The technology is useful because it helps to increase boiler uptime, provide a secure environment for plant workers and the boiler, and cut maintenance expenses. Different parts of the burning equipment in the business are monitored, controlled, diagnosed, and maintained using a burner management system.

Drivers: One major element propelling the growth of the Burner Management System Market is the global industrial sector's continued development. The increased use of burner management systems across a variety of industries with the aim of improving plant operations and providing dependable and safe burner operations, as well as the increase in accident-related lawsuits, are boosting market expansion. The rise in government regulations and legislation as well as the surge in demand for systems due to their reputation for enhancing safety and creating a safer working environment for plant operators are also to blame for the market's influence.

Opportunities: As a system that can monitor flames with the use of flame detectors, it controls burners, igniters, and actuators. When sensors identify harmful operating conditions or fail to detect flames, a burner management system sends signals to the actuators to control the flow of fuel burners. As a result, they are used in furnaces, boilers, ovens, and kilns in a variety of industries, including oil and gas, mining, food and beverage, ceramics, minerals, and water, as well as the manufacturing of pharmaceuticals, automobiles, chemicals, and metals, as well as glass and buildings. The market for burner management systems is expanding significantly and is predicted to continue doing so over the coming few years.

Impact of Covid-19

Nearly the entire world has been impacted by COVID-19, which has severely disrupted economic and healthcare systems. Governments were forced to take measures by the epidemic that are typically only taken in times of war, depression, and natural calamities. Extreme steps are being taken by governments around the world to reduce the number of fatalities and damage to the economy. The market for smart poles has been badly damaged by the pandemic. Due to the COVID-19 outbreak, some nations decided to implement stringent lockdowns, closures, and mobility restrictions to stop the virus from spreading. Reduced manpower efforts were caused by the pandemic. For example, the crises' near total closure of Silicon Valley made it challenging to meet the demands of smart city development and hampered strategic management and planning by the government and other stakeholders.

Segmentation By Platform: Burner Management System (BMS) Market is classified on the basis of Platform into Distributed Control System (DCS) and Programmable Logic Controller (PLC).

Segmentation By Fuel Type: Burner Management System (BMS) Market is classified on the basis of Fuel Type into Oil, Gas, and Others. Since gas-powered burners are more environmentally friendly than oil- and coal-powered burners, they are the kind most in demand for burner management systems across all industries. Due to their superior operational efficiencies and simpler access to natural gas, industries are also heavily utilising gas-powered burners.

Segmentation By End-use: Burner Management System (BMS) Market is classified on the basis of End use into Oil & Gas, Power, Chemical, Pharmaceutical, and Others. Due to its numerous applications in the oil and gas industry, including heaters, dehydrators, separators, line heaters, and re-boilers, which require burner (heat) and the burner management system in order to facilitate the proper functioning of equipment, the oil and gas segment is dominating the global Burner Management System Market during the forecasted period.

Segmentation By Region: Burner Management System (BMS) Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In comparison to other regions, the North American region's share of the global Burner Management System Market is anticipated to grow at the highest rate during the forecasted period due to the region's oil and gas industry's inclining growth and high rate of technological adoption.

Competitive Landscape: The key players of Burner Management System (BMS) Market are ABB, ACL Manufacturing Inc., Cimarron Energy Inc., Combustex Corp., Emerson Electric Co., Forney Corporation, Honeywell, Rockwell Automation, Inc., Schneider Electric, and Siemens.

Market Taxonomy

By Platform

Distributed Control System (DCS)

Programmable Logic Controller (PLC)

By Fuel Type

Oil

Gas

Others

By End-Use

Oil & Gas

Power

Chemical

Pharmaceutical

Others

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Burner Management System (BMS) Market?

What will be the growth rate from 2021 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?