"Smart Strategies, Giving Speed to your Growth Trajectory"
Burner Management Systems (BMS) used to collect data, monitor, predict the operations and automated responses to achieve optimized results. BMS is majorly adopted by various industrial sectors due to following factors – to achieve operational efficiency, to ensure workplace safety, to reduce maintenance cost, and to reduce the maintenance costs. Government has implemented rules and regulations to promote safety and reduce accidents. Additionally, increased investments in R&D activities over the years has promoted the adoption of burner management systems.
Rising deamnd of BMS from oil & gas industry, as BMS facilitates proper functioning of the equipment and maintain safe work environment. Additionally, various organizations such as National Fire Protection Association has developed many policies and standards to prevent accidents at work area. This factor has promoted the adoption of BMS in chemical and pharmaceutical sector.
Key Market Driver -
• Increasing number of workplace accidents will drive the market. • Government rules and regulations supporting installation of safety systems incentivizes market growth.
Key Market Restraint -
• Lack of technical knowledge and skilled workforce will hinder market growth.
Some of the players in the Burner Management Systems market are ABB, Siemens, Schneider Electric, Honeywell International Inc., Babcock & Wilcox Enterprises, Inc, General Electric, Rockwell Automation, Inc., Emerson Electric Co. and others.
E.ON UK plc. and Siemens have collaborated to produce 3D printed burner. This burner is been manufactured for the energy sector for an SGT – 700 gas turbine. The burner had been working for 8000 hrs. with no issues arising from it. This collaboration project has contributed to longer operational lifespan of the components ultimately longer lifespan of the gas turbine.
Schneider Electric has partnered with Electro80 as its first Safety Alliance System Integrator. Electro80 thus becomes the Triconex System Integrator in Asia Pacific region and one among the few partners across the globe. This partnership will allow Electro80 to leverage Triconex SIS platform to deliver safety solutions to its clients – Emergency shutdown, Burner management systems (BMS) Fire and Gas (F&G), Machine Safety, Safety loop life cycle management, high availability general purpose PLCs . Electro80 brought its expertise and experience to the safety alliance partner role. This partnership has broadened the customer base of Electro80 and solidified the Schneider Electric’s presence and commitment in system integrator channel.
North America is expected to be major revenue share in BMS market. The presence of burner management systems providers in North America will support in the growth of the market in coming years. Government mandatory rules and regulations will drive adoption of burner management systems in various industry. This adoption will ensure health and safety measures at hazardous work areas in industry.
To gain extensive insights into the market, Request for Customization
The Middle East and Africa region is expected to show tremendous growth in this market. The number of oil and gas plants and major energy power projects are higher in these regions. This increases the adoption of burners and industrial boilers thus incentivizing the adoption of burner management systems.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry