US Oil and Gas Burner Management System Market Forecast to 2028

US Oil and Gas Burner Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Burner Type (Single Burner and Multiple Burners), and Application (Combustors, Flares, Separators, Dehydrators, Vertical Treaters, Horizontal Treaters, Tanks, and Others)

Report Code : TIPRE00028701 | Region : North America | Industry : Electronics and Semiconductor | Published Date : 30/Apr/2022

The US oil and gas burner management system market is expected to reach US$ 1,308.5 million by 2028 from US$ 853.2 million in 2021; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. Burner management systems (BMS) guarantee that the burners are started, operated, and shut down safely. The burner management is a safety mechanism that ensures the flame in the furnace or boiler is safe. When a strange and dangerous scenario arises in which running the burner is no longer secure, the BMS initiates an emergency shutdown and prevents fuel from entering the furnace. It also monitors the safety of the heated equipment and controls the burner's progression during the firing cycle. The plant's combustion assets are monitored, protected, operated, and maintained by BMS in a safe, reliable, and secure manner.

Several accidents and occurrences caused various governments to establish safety legislations. The entire industry adheres to safety standards and rules to avoid accidents. For the past few years, safety controls on direct-fired heaters have been steadily improving, and the trend has accelerated in the last five years. This is owing to government rules and standards that actively enforce the application of current codes. Some specific and prescriptive standards have been accessible for a long time, yet the industry's rate and degree of acceptance vary greatly. The majority of operating organizations have their own set of criteria, which may differ from one facility to another. The adoption of advanced BMS across various industries has been prompted by increased stringency of government rules and regulations and surged number of lawsuits for accidents where appropriate codes and guidelines were not followed for both existing and new heater installations. BMS are typically designed using codes and standards, such as NFPA 85 (Boiler and Combustion Systems Hazard Code), NFPA 86 (Standard for Ovens and Furnaces), NFPA 87 (Recommended Practice for Fluid Heaters), or API 556 (Application Specification for Boilers and Combustion Systems). These standards specify the quantity, quality, and sensors and valves types that must be used to design the BMS and the logic that must be used to trip the device when needed safely.

Safety systems are now being designed using new performance-based standards, such as IEC 61508, IEC 61511, and ANSI/ISA S84.01. 1. These standards establish criteria for the amount of risk a specific end user is willing to accept, thus addressing the hazards connected with a particular location. Furthermore, the global importance of Safety Integrity Levels (SIL) in the process industries expanded dramatically in recent years, which has driven the development of the burner management system, as BMS is compliant with SIL levels up to 3. All of these factors are driving the market growth. Due to the presence of prominent market players and end-users and high demand from the oil & gas industry, the oil and gas burner management system (BMS) market in the US is expected to grow significantly during the forecast period. Furthermore, owing to the expansion of the industrial sector in the US, the country offers considerable long-term potential for manufacturers.

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.

With thousands of boilers, furnaces, and ovens in use worldwide, the risk of a combustion system failing is always present, especially as these systems grow in size and complexity. An inexperienced operator could mistakenly shut off a crucial fuel system when added in a single-point failure. Training and instruction in combustion can reduce losses, improve employee safety, increase equipment uptime, and boost a company's overall competitiveness. According to statistics, operator error is responsible for roughly 40% of all fuel-fired equipment incidents. Training for the safe and efficient operation, troubleshooting, inspection, and maintenance of fuel-fired equipment begins and ends with a thorough understanding of the national codes governing combustion systems, particularly those outlined by the National Fire Protection Association (NFPA) that address combustor hardware and controls, as well as procedures and training for maintenance and operations personnel.

Most insurance carriers accept the NFPA's combustion safety recommendations completely or use them as a foundation for their own customized rules because the NFPA continues to improve them. Training is an important aspect of safety that the NFPA 86 standard devotes numerous parts to it. All workers who operate, maintain, or oversee must undergo regular retraining and testing. Similar boiler operator and maintenance training requirements can be found in NFPA 85, section 4.4.3. The danger of an incident can be reduced by training employees to comprehend and follow NFPA 54, 85, and 86 rules.

Furthermore, training increases overall production while also lowering costs. Having in-house workers with the ability to detect flaws, for example, will result in improved fuel efficiency, fewer disruptions, and the avoidance of outages and downtime. Training is also a legal requirement that must be fulfilled every year.

ACL Manufacturing Inc., Cimarron Energy, Combustex Corp., Kimark Control Solutions, Platinum Control Technologies, and profire Energy Inc are among the key players operating in the global US oil and gas burner management system market.

According to our latest market study on "US Oil and Gas Burner Management System Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Component, Burner Type, and Application," the 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.

The global US oil and gas burner management system market, by burner type, is segmented into single burner and multiple burners. The burner management systems are engineered to provide igniter (pilot) and main flame detection. Also, they 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 burner management system (BMS) is critical to use on heated vessels where precise temperature control is needed. Several accidents and occurrences caused various governments to establish safety legislation. The entire industry now adheres to safety standards and rules to avoid accidents, which is driving the US oil and gas burner management system market. For the past few years, safety controls on direct-fired heaters have been steadily improving, and the trend has accelerated in the last five years. This is owing to government rules and standards that actively enforce the application of current codes. Some specific and prescriptive standards have been accessible for a long time, yet the industry's rate and degree of acceptance vary greatly. The majority of operating organizations have their own set of criteria, which may differ from one facility to another. The adoption of advanced BMS across various industries has been prompted by increased stringency of government rules and regulations and surged number of lawsuits for accidents where appropriate codes and guidelines were not followed for existing and new heater installations. All these factors are creating opportunities for the market.

According to the International Energy Agency (IEA), by 2024, the US will export more oil than Russia and close to Saudi Arabia's exports. The IEA says that the US will account for 85% of the rise in global oil output over the next decade under the current policy. Natural gas use in the US has risen as electric utilities shift away from coal, renewables, and natural gas. According to the US Energy Information Administration's (EIA) 2019 reference case, the US will become a major natural gas exporter, with LNG (Liquefied Natural Gas) exports driving much growth, which is driving the US oil and gas burner management system market.

The US oil and gas burner management system market is segmented on the basis of component, burner type, and application. Based on component, 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.

Impact of COVID-19 Pandemic on US Oil and Gas Burner Management System Market

The impact of the COVID-19 pandemic, coupled with the Organization of the Petroleum Exporting Countries (OPEC)–Russia price war, further disrupted crude petroleum markets in the US and has impacted the US oil and gas burner management system market in the country. It has proven to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices dropped due to failed agreements on production cuts, and the need for chemicals and refined products was reduced from industrial slow-downs and travel restrictions due to the COVID-19 pandemic. The COVID-19 pandemic led to an initial drop in prices for petroleum-based products. Further, the prices rose sharply as the producer’s limited production and demand increased. Oil and gas power-generating facilities in the region reduced their activity, including shutting down construction, operations, and maintenance projects in several locations, after multiple "stay at home" orders by state governors to curb the spread of the virus. The oil & gas sector rebounded strongly since mid-2021, with higher prices. However, the industry recovered much better than expected, and uncertainty remains over US oil and gas burner management system market dynamics in the coming years. Further, after mid-2021-COVID scenario, the resumption of oil extraction projects is driving the US oil and gas burner management system market. In 2022 March, Helix Energy Solutions Group—a US offshore oil and gas services company—signed an agreement with Shell to provide Well Intervention services in the Gulf of Mexico.

CL Manufacturing Inc., Cimarron Energy, Combustex Corp., Kimark Control Solutions, Platinum Control Technologies, and profire Energy Inc. are among the major companies operating in the US oil and gas burner management system market.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. US Oil & Gas Burner Management System Market Landscape

4.1 Market Overview

4.2 US PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. US Oil & Gas Burner Management System Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Safety Concerns in Industries

5.1.2 Rising Government Legislation and Regulations

5.2 Market Restraints

5.2.1 Lack of Technical Knowledge and Skilled Workforce

5.3 Market Opportunities

5.3.1 Rising Growth of Oil and Gas Industry in the US

5.4 Future Trends

5.4.1 IIoT Based Automated Burner Management System

5.5 Impact Analysis of Drivers and Restraints

6. Oil & Gas Burner Management System – US Market Analysis

6.1 US Oil & Gas Burner Management System Market Overview

6.2 US: Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

6.3 Market Positioning – US Market Players Ranking

7. US Oil & Gas Burner Management System Market Analysis By Component

7.1 Overview

7.2 US: Oil & Gas Burner Management System Market, by Component (2020 and 2028)

7.3 Software

7.3.1 Overview

7.3.2 Software: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

7.4 Hardware

7.4.1 Overview

7.4.2 Hardware: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

8. US Oil & Gas Burner Management System Market Analysis By Burner Type

8.1 Overview

8.2 US: Oil & Gas Burner Management System Market, By Burner Type (2020 and 2028)

8.3 Single Burner

8.3.1 Overview

8.3.2 Single Burner: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

8.4 Multiple Burner

8.4.1 Overview

8.4.2 Multiple Burner: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9. US Oil & Gas Burner Management System Market Analysis By Application

9.1 Overview

9.2 US: Oil & Gas Burner Management System Market, by Application (2020 and 2028)

9.3 Combustors

9.3.1 Overview

9.3.2 Combustors: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.4 Separators

9.4.1 Overview

9.4.2 Separators: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.5 Dehydrators

9.5.1 Overview

9.5.2 Dehydrators: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.6 Flares

9.6.1 Overview

9.6.2 Flares: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.7 Vertical treaters

9.7.1 Overview

9.7.2 Vertical treaters: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.8 Horizontal treaters

9.8.1 Overview

9.8.2 Horizontal treaters: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.9 Tanks

9.9.1 Overview

9.9.2 Tanks: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

9.10 Others

9.10.1 Overview

9.10.2 Others: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

10. US Oil & Gas Burner Management System Market- COVID-19 Impact Analysis

10.1 Overview

11. US Oil & Gas Burner Management System Market-Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Product launch

12. US Oil & Gas Burner Management System Market-Client Query

12.1 Table

13. Company Profiles

13.1 ACL Manufacturing INC.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Cimarron Energy

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Combustex Corp.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Kimark Control Solutions

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Platinum Control Technologies

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 profire Energy Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Zeeco, Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Surefire Burner Management System

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1. US: Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. List of Abbreviation

LIST OF FIGURES.

Figure 1. US Oil & Gas Burner Management System Market Segmentation

Figure 2. US Oil & Gas Burner Management System Market Overview

Figure 3. Software Component to Dominate the US Oil & Gas Burner Management System Market, By Component

Figure 4. Multiple Burner Type to Dominate the US Oil & Gas Burner Management System Market, By Burner Type

Figure 5. Combustors to Dominate the US Oil & Gas Burner Management System Market, By Application

Figure 6. US – PEST Analysis

Figure 7. US Oil & Gas Burner Management System Market– Ecosystem Analysis

Figure 8. Expert Opinion

Figure 9. Oil & Gas Burner Management System Market: Impact Analysis of Drivers and Restraints

Figure 10. US: Oil & Gas Burner Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. US: Oil & Gas Burner Management System Market Revenue Share, by Component (2020 and 2028)

Figure 12. Software: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 13. Hardware: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 14. US: Oil & Gas Burner Management System Market Revenue Share, by Burner Type (2020 and 2028)

Figure 15. Single Burner: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 16. Multiple Burner: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 17. US: Oil & Gas Burner Management System Market Revenue Share, by Application (2020 and 2028)

Figure 18. Combustors: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19. Separators: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20. Dehydrators: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 21. Flares: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 22. Vertical treaters: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23. Horizontal treaters: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24. Tanks: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25. Others: US Oil & Gas Burner Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 26. Impact of COVID-19 Pandemic on US Oil & Gas Burner Management System Market

US Oil and Gas Burner Management System Market- Companies Mentioned

1. ACL Manufacturing Inc

2. Cimarron Energy

3. Combustex Corp

4. Kimark Control Solutions

5. Platinum Control Technologies

6. Profire Energy Inc

7. Zeeco Inc

8. Surefire Burner Management Systems

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in US Oil and Gas Burner Management System Market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in US Oil and Gas Burner Management System Market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth Indonesia market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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