The industrial burner market is anticipated to grow from an estimated $5.9 billion in 2022 to $7.9 billion in 2027 at a CAGR of 6.1 percent during the forecast period.

The market has a promising growth potential due to increased deployment of natural gas-based industrial burners, especially in Europe, according to a report from ResearchAndMarkets.

The report says the rapidly expanding manufacturing sector also is propelling demand for industrial burners and combustion systems. The rising adoption of biofuels, hazardous waste and hydrogen-based industrial burners are expected to offer opportunities for the market during the forecast period.