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The US oil and gas burner management system market was valued at US$ 853.2 million in 2021 and is expected to reach US$ 1,308.5 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.
In oil and gas production, many types of direct and indirect fired heaters are used. Starting and operating a gas or oil-burning heater can pose a serious risk to any facility's operation. Installing a burner management system (BMS) on the process boiler is one approach to mitigate the risk. The BMS is an engineered hazard control used by oil and gas operators to ensure that a process heater is safely started, operated, and shut down. It also helps reduce fuel and maintenance costs, improve uptime, and create safe atmosphere for workers working near the heater. In an upset circumstance, a burner management system also prevents process heaters from exploding.
Burner management systems are widely used in various industries to improve plant operations by assuring reliable and safe burner operations, lowering maintenance costs, improving safety, and providing a safer work environment for all oil and gas plants operators. The BMS system must be correctly designed and work well throughout the equipment's lifecycle to protect people and the plant. Thus, the factors mentioned above are driving the US oil and gas burner management system market growth.
US Oil and Gas Burner Management System Market Insights
Increasing Safety Concerns in Industries
Workers in the oil & gas industry are at risk of fire and explosion if explosive Vapours or gases are ignited. Wells, trucks, production equipment, and surface equipment such as tanks and shale shakers can all produce flammable gases such as well gases, Vapours, and hydrogen sulphide. Static, electrical energy sources, open flames, lightning, cigarettes, cutting and welding instruments, hot surfaces, and frictional heat are all examples of ignition sources. Attention to personnel safety is paramount in industrial manufacturing facilities' design, construction, operation, and maintenance. Catastrophic equipment failure can result from years of seemingly innocuous negligence or inadequate operation and maintenance, resulting in serious and fatal damage. There is probably no more potentially dangerous equipment running in an industrial production facility than steam and power generating equipment due to possible catastrophic failure induced by inadequate operation and maintenance methods. If not managed and maintained properly, the boiler is often the largest, most expensive, and perhaps most dangerous piece of equipment.
The performance of the burner management system and the performance of the plant are linked. Although a poorly designed system that is prone to erroneous trips, light-off issues, and difficult troubleshooting may still protect plant equipment and employees. Further, these trips' process interruptions can significantly impact plant operability and performance. A BMS is a vital component of combustion safety. The BMS monitors the process for harmful situations while regulating the combustion unit's safe light-off, start up, and shutdown. The system must be correctly designed and work well throughout the equipment's lifecycle to protect people and the plant. The system should incorporate best practices in selecting and maintaining field equipment, utilizing safety-rated equipment, collecting and analysing essential BMS data, and employing a sequenced approach to logic design to reduce lost production as operations and maintenance troubleshoot BMS problems. Best practices in BMS guarantee that safety conditions are identified and accounted for, allowing operators to identify upset sources rapidly and reliably. As a result of increased investment in safety, the oil and gas burner management system market is growing.
Burner Type-Based Market Insights
Based on burner type, the US oil and gas burner management system market is segmented into single burner and multiple burners. The burner management system are engineered to provide igniter (pilot) and main flame detection. They also control and monitor burner start-up and shutdown sequences, including master fuel trip and purge, for both multiple and single burners, which can burn single or multiple liquid and gaseous fuels. In the oil & gas industry, the BMS is critical to use on heated vessels where precise temperature control is needed.
Application-Based Market Insights
Based on application, the US oil and gas burner management system market is segmented into combustors, flares, separators, dehydrators, vertical treaters, horizontal treaters, tanks, and others. BMS systems help improve overall plant performance, reduce possession charges, and ensure plant control adherence. They stop the equipment from starting and firing up until the combustion chamber purge is completed, control the sequencing of components during start-up and shut-down of the system, protect against the admission of inappropriate quantities of fuel to the heater, and provide status and feedback on component condition to the operator. Whether the application may be an industrial furnace, dryer, fluid bed incinerator, steam boiler, or other combustion equipment, companies are providing burner management systems to various applications.
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US Oil and Gas Burner Management System Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
US Oil and Gas Burner Management System Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystThe players operating in the US oil and gas burner management system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key US oil and gas burner management system market players are listed below:
- In 2021, Profire Energy, Inc. announced the strategic distribution agreement and partnership with Spartan Controls Ltd. The Spartan partnership is designed to strengthen existing and new customer and industry relationships by leveraging a significantly increased footprint in Western Canada.
- In 2021, ClearSign Technologies Corporation announced collaboration agreement with Zeeco, Inc. Pursuant to the agreement, the parties expect to jointly develop, sell, and supply a product line of best in class ultra-low NOx burners for the global oil processing and petrochemical industries by combining the Company's ClearSign Core technology with the engineering, global manufacturing, and sales footprint of Zeeco.
The global US oil and gas burner management system market is segmented on the basis of component, burner type, and application. Based on component, the market is segmented into software and hardware. In terms of burner type, the US oil and gas burner management system market is segmented into single burner and multiple burner. By application, the market is segmented into combustors, flares, separators, dehydrators, vertical treaters, horizontal treaters, tanks, and others.
ACL Manufacturing Inc., Cimarron Energy, Combustex Corp., Kimark Control Solutions, Platinum Control Technologies, and profire Energy Inc are among the key US oil and gas burner management system market players considered for the research study. In addition, several other significant market players have been studied and analyzed in the research report to get a holistic view of the market and its ecosystem.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
- ACL Manufacturing Inc
- Cimarron Energy
- Combustex Corp
- Kimark Control Solutions
- Platinum Control Technologies
- Profire Energy Inc
- Zeeco Inc
- Surefire Burner Management Systems
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
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The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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