Burner Management System Market Size, Share & Trends Report

Burner Management System Market Size, Share & Trends Analysis Report By Platform, By Fuel Type, By End-Use, By Component, By System Size, By Application, By Region And Segment Forecasts, 2015 - 2025

  • Report ID: GVR-3-68038-755-1
  • Number of Pages: 148
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the burner management system market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for burner management system market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of burner management system market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Burner Management System Market Categorization:

The burner management system market was categorized into seven segments, namely platform (Distributed Control System, Programmable Logic Controller), fuel type (Oil, Gas), end-use (Oil & Gas, Power, Chemical, Pharmaceutical), component (Hardware, Software), system size (Small, Medium, Large), application (Single-Burner, Multiple-Burner), and region  (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The burner management system market was segmented into platform, fuel type, end-use, component, system size, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The burner management system market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S., Canada, the UK, Germany, China, India, Japan, Brazil, and Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Burner management system market companies & financials:

The burner management system market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Airbus S.A.S. - Airbus S.A.S., a France-based commercial aircraft manufacturer, operates through three main divisions: commercial aircraft, helicopters, and defense & space. With a presence in over 180 locations worldwide and more than 12,000 direct suppliers, Airbus has a significant global footprint. The company’s HCare service provides a range of services including material management, technical support, helicopter maintenance, connected services, and training and flight operations. In the fiscal year 2017, Airbus delivered a total of 409 rotorcraft. The civil segment accounted for about 51% of the total helicopter sales. Airbus is committed to expanding its global presence and is taking steps towards internationalization. For example, in May 2017, Airbus formed a strategic partnership with Qingdao United General Aviation Co Ltd to build a Final Assembly Line (FAL) for its H135 helicopter in Jimo Hi-Tech Industrial Development Zone, China. This FAL is anticipated to have an annual production capacity of approximately 18 H135 helicopters.

  • Bell Helicopter Textron Inc. - Bell Helicopter Textron Inc., also known as Bell, is a company based in the United States that specializes in the design and production of various types of helicopters, including military, commercial, manned, and unmanned models. In addition to manufacturing, Bell provides a range of services such as maintenance, repair, and overhaul; training; customization; aircraft refurbishment; and the supply of parts and accessories. The company operates manufacturing facilities in Amarillo and Fort Worth in Texas, Patuxent River in Maryland, and Mirabel in Canada. Bell also has logistics supply and service centers in Singapore, Canada, the U.S., and Europe. Originally known as Bell Helicopter Company, the company adopted its current name, Bell Helicopter Textron Inc., in 1976.

  • Enstrom Helicopter Corp. - Enstrom Helicopter Corp., also referred to as Enstrom is a company located in the United States that produces light helicopters with single-engine piston and turbine mechanisms. These helicopters are designed for a variety of markets, including private, commercial, and government sectors. Enstrom’s product line includes the piston-powered 280FX and F28F aircraft, which are used for sport, training, and light commercial purposes, and the turbine-powered 480B aircraft, which are used for patrolling, training, and executive transport on a global scale. The company’s manufacturing operations are based in the U.S. In addition to manufacturing, Enstrom provides support and maintenance services for helicopters. Originally known as R J Enstrom Corp., the company changed its name to Enstrom Helicopter Corp. in 1971.

  • Hindustan Aeronautics Limited - Hindustan Aeronautics Limited, or HAL, is a company based in India that specializes in the design, manufacture, repair, sale, and overhaul of aircraft and related systems. Its primary markets are defense, space, and civil sectors. Established in 1940, HAL’s headquarters are in Bengaluru, India. The company boasts in-house design and development capabilities and infrastructure. Its main source of revenue comes from its Indian Defense customers. The Indian government’s focus on regional manufacturing is anticipated to contribute to HAL’s growth. The company runs four production units in India, including the Bangalore complex, MiG complex, accessories complex, and two helicopter complexes. HAL also operates the Aircraft Research and Design Centre (ARDC), which designs a range of aircraft, from basic pistons to frontline combat aircraft. The company’s R&D center is recognized by DGAQA, DGCA, and CEMILAC and is certified as an R&D Centre by the Department of Science and Technology.

  • Korea Aerospace Industries, Ltd. - Korea Aerospace Industries, Ltd., or KAI is a company based in South Korea that specializes in the production and sale of fixed and rotary wing aircraft, along with related components. KAI’s product line includes amphibious, police, medical evacuation, maritime police, and utility helicopters; airfield controlled and basic trainer aircraft; supersonic jets; aerostructures; unmanned aerial vehicles (UAVs); and small air vehicles. In addition to manufacturing, KAI offers aircraft training systems, maintenance, repair, and overhaul (MRO) services, and multipurpose satellites along with their core parts. The company has offices in various locations, including South Korea, the U.S., Turkey, Peru, and Indonesia. KAI operates three aircraft production facilities in South Korea and maintains a separate research and development (R&D) center in Daejeon, South Korea.

  • Leonardo S.P.A. - Leonardo S.P.A., also known as Leonardo, is a company that offers a variety of products, services, and technologies in the aerospace, defense, and security sectors. It has operations in four regions: the U.S., Italy, the UK, and Poland. The company is structured into seven divisions: helicopters, aircraft, airborne & space systems, aerostructures, defense systems, land & naval defense electronics, and security & information systems. Leonardo’s helicopter division produces and markets a diverse range of helicopters, from 1.8-tonne single-engine models to 16-tonne three-engine models, for public service, commercial, and defense & security purposes. The company’s manufacturing facilities and final assembly lines are spread across the U.S., Italy, Poland, and the UK.

  • Lockheed Martin Corporation - Lockheed Martin Corporation, based in the U.S., is a company that primarily focuses on the research, development, design, integration, manufacturing, and maintenance of advanced technology products, systems, and services for the global security and aerospace sectors. It also offers a broad spectrum of engineering, management, scientific, technical, logistics, and information services. Lockheed Martin caters to both U.S. and international customers, providing a variety of products and services for commercial, civil, and defense uses. The company’s main customer base includes agencies in the U.S. Government, and it relies heavily on its contract with the U.S. government for most of its business. Lockheed Martin operates in four business segments: Missiles and Fire Control (MFC); aeronautics; Rotary and Mission Systems (RMS); and space. In its RMS business segment, the company offers manufacturing, design, and support for a range of military and burner management systems; unmanned systems and technologies; simulation and training services; the Littoral Combat Ship (LCS); radar systems; sea and land-based missile defense systems; mission systems and sensors for rotary and fixed-wing aircraft; and ship and submarine mission and combat systems.

  • MD HELICOPTERS, INC. - MD Helicopters, Inc. (MDHI), a company based in the U.S., produces helicopters for a variety of civil and military uses. Besides manufacturing, MDHI also provides services such as inspection, upgrades, painting, maintenance, pilot training, and other support services. The company’s helicopters are used in various sectors including law enforcement, military, emergency medical services, utility, and VIP markets. MDHI distributes its products through a network of direct sales experts and authorized third-party distributors, both in the U.S. and globally. The company’s manufacturing operations are in Monterrey, Mexico.

  • Robinson Helicopter Company - Robinson Helicopter Company, based in the U.S., is involved in the design, manufacturing, research, and development of helicopters for civil and parapublic applications. The company provides newscopters for live TV broadcasts and police helicopters for airborne law enforcement. In addition, it offers monthly safety training for maintenance technicians and helicopter flight instructors and runs factory overhaul programs for older aircraft. Robinson Helicopter operates over 400 service centers and dealers globally. The company is a member of the International Helicopter Safety Team.

  • Russian Нelicopters, JSC - Russian Helicopters, JSC (Russian Helicopters) is a company that specializes in the creation and production of both military and civilian helicopters. It functions under the umbrella of Rostec. Its operations extend to running helicopter assembly plants and design bureaus, as well as enterprises to produce components, maintenance, and repair. It also manages helicopter service companies and aircraft repair plants. The manufacturing of its products is carried out through a variety of third-party manufacturers, including Rostvertol, Kazan Helicopters, Progress Arsenyev Aviation Company, Ulan-Ude Aviation Plant, and Kumertau Aviation Production Enterprise. In addition, it works with Reductor-PM and Stupino Engineering Productive Enterprise.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Burner Management System Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2018, historic information from 2015 to 2017, and forecast from 2015 to 2025). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Burner Management System Market Report Assumptions:

  • The report provides market value for the base year 2018 and a yearly forecast till 2025 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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